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ATTENTION LAWYERS: ARE SERVICER ADVANCES ARGUABLY A NOVATION

62 Comments / Corruption, evidence, expert witness, Fannie MAe, foreclosure, foreclosure mill, GARFIELD KELLEY AND WHITE, GTC | Honor, investment banking, Investor, Modification, Mortgage, Motions, originator, Pleading, securities fraud, Servicer, Statutes, Trust Beneficiaries / By

Where “servicer” advances to the trust beneficiaries are present, it explains the rush to foreclosure completely. It is not until the foreclosure is complete that the payor of the “servicer” advances can stop paying. Thus the obfuscation in the discovery process by servicers in foreclosure litigation is also completely explained. Further this would open the …

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Fannie Mae and Freddie Mac: Holders in Due Course? – NO

1 Comment / CDO, currency, Eviction, foreclosure, GTC | Honor, Mortgage / By

We’ve received a few questions regarding the impact of the “takeover” of Fannie Mae and Freddie Mac by the Federal government. These were chartered by congress as opposed to any state and it is questionable whether anything has actually changed except for management personnel and style. They were theoretically private corporations with their common stock …

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