Legal malpractice occurs when a lawyer fails to provide the client with competent professional service and as a result of such, the client suffers damages. Legal malpractice is not limited to just one area of the law. Lawyers handle many different types of cases and the professional duty to each and every client still exists, regardless of the type of case.
More recently, with regard to foreclosure matters, the catchy phrase “show me the money” has been replaced with “show me the note”. Homeowners on the verge of foreclosure are demanding that the mortgage holder show them the mortgage and the note so the homeowner can see proof that the mortgage holder does hold their indebtedness. Trial courts have, in recent cases, dismissed some foreclosure cases when the bank is unable to produce the note.
This may become a more widespread problem due to the fact that many mortgages have been transferred from the original lender into the banking system and eventually sold to pools of investors.