Bank of America Sues Nashville Bankruptcy Trustee

Charlotte, N.C.-based Bank of America has filed a lawsuit against Nashville's Chapter 13 bankruptcy trustee, Henry "Hank" Hildebrand, according to the Nashville Business Journal. The move marks an effort on behalf of the bank to put an end to a common defense tactic used by debtors and foreclosure judges in the aftermath of the mortgage meltdown. Known as "show me the note," the tactic forces a lender to offer up physical documentation that they actually own the mortgage. It's a method that has been successful in Nashville, where Hildebrand has become well-known for his efforts to force mortgage companies to produce the original note when filing a claim in bankruptcy proceedings.