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February 24, 2010

Ohio Appeals Court Bangs BONY For Not Owning the Loan

22 Comments / bubble, CDO, Corruption, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

see 2010-ohio-542 After-acquired interest not good BONY v Gendele Significant Excerpts: By the way this is why we need title and escrow agents to act as experts or forensic analysts. A simple title chain analysis reveals the defect and now  Trial Judges in Ohio have a rule to follow. Will the real party in interest …

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Secret AIG Document Shows Goldman Sachs Minted Most Toxic CDOs

6 Comments / foreclosure / By

Editor’s Note: This article is very important. It reveals that many loans that have been declared in default are still getting paid by participants in the securitization chain through a variety of means. It highlights why discovery is so important in order to render a full accounting for all transactions allocable to a particular loan. …

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