Tonight! US Bank Lies! Neil Garfield Show 6pm EDT

Thursdays LIVE! Click in to the Neil Garfield Show

WEST COAST Show with Charles Marshall and Bill Paatalo

Call in at (347) 850-1260, 6pm Eastern Thursdays

US Bank is an annoying liar, in my opinion. But actually it isn’t them lying which makes it so annoying. It is attorneys and servicers who are allowed to use the name of US Bank as though US Bank was really doing something. It isn’t. It never did.

You should actually read the documents that are proffered by the lawyers for the servicer who claims to have a nonexistent power of attorney for a nonexistent trust that is really the fictitious name of the underwriter of the sale of certificates issued in the name of the nonexistent trust.

The “Trustee” holds title for the Master Servicer (not the Trust and not the investors and by the way there are no beneficiaries of the nonexistent trust). The Master Servicer is not really a Master Servicer because there is no Trust from which the Master Servicer derives power. And surprise! The so-called pool of loans is an fabricated index and not a real list of loans.

The trustee does NOT represent the Trust and the Trustee does NOT represent the certificate holders which could only be the case where the certificate holders signed a separate agreement with US Bank to represent them — apart from the PSA.

The US Bank Trust, NA as Trustee for LSF9 Master Participation Trust, has over the last several years been involved in potentially hundreds of litigation matters, possibly a lot more. US Bank, NA has used many other “master trusts” and other trust names to advance its interests on both the plaintiff and defense side, in litigation all over the country.

Today on the Neil Garfield Show we have Bill Paatalo returning to discuss a major legal settlement involving the State of California (through a lawsuit filed in Los Angeles County Court several years ago) against US Bank, and its web of trusts used to conceal the real-party-in-interest at issue in US Bank foreclosures.

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