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Panel Says Lawsuit Raising 'Show-Me-The-Note' Theory Was Properly Dismissed

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ST. LOUIS - An Eighth Circuit U.S. Court of Appeals panel on April 19 upheld the dismissal of a lawsuit brought by 13 homeowners challenging nonjudicial foreclosure proceedings on their homes, after finding that a federal judge in Minnesota did not err in finding that the "show-me-the-note" theory is not a viable argument to sustain a claim for quiet title (Shelia Iverson, et al. v. Wells Fargo Bank, N.A., et al., No. 12-2142, 8th Cir.)....(read more)

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