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loan receivable

Same Old Story: Paper Trail vs, Money Trail (Freddie Mac)

18 Comments / boarding process, BURDEN OF PROOF, Corruption, discovery, Discovery -Subpoena, escrow agent, evidence, Fabrication of documents, foreclosure, Investor, legal standing, securities fraud, Servicer, sham transactions, Title, Trust Beneficiaries / By

Payment by third parties may not reduce the debt but it does increase the number of obligees (creditors). Hence in every one of these foreclosures, except for a minuscule portion, indispensable parties were left out and third parties were in reality getting the proceeds of liquidation from foreclosure sales. The explanations of securitization contained on the websites of …

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Tax "break" about to expire on debt "forgiveness"

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

Editor’s Comments on policy: Depending upon what Congress does between now and the end of the year the waiver of a tax on debt forgiveness as ordinary income will expire. My take is that it should expire and that at the same time the debt should be reduced by virtue of payments received or due …

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No Loan Receivable Account Exists

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

Everyone seems to be having trouble with winning these cases outright. I think I have discovered the problem. Most attorneys start in the middle of things because that is how it comes to them. Basic Contracts Law, first day of law school. For an agreement to be enforceable it must have all three of the …

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CA Trial Court Upholds Claims for Improper Assignment, Accounting, Unfair Practices

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

Editor’s Note: In an extremely well-written and well reasoned decision Federal District Court Judge M. James Lorenz denied the Motion to dismiss of US Bank on an alleged WAMU securitization that for the first time recognizes that the securitization scheme could be a sham, with no basis in fact. Although the Plaintiff chose not to …

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