“If we accept the Bank’s argument, then we are creating new law. Under the new law a borrower would owe money to a non-creditor simply because the non-creditor procured the borrower’s signature by false pretenses. The actual lender would be unable to retrieve money paid to the fake lender and the borrower would receive credit […]

Tags: ACH instructions, ACH receipt, BFP, Bill of Rights, BofA, Bona Fide Purchaser for value without Notice, CALIFORNIA, Chase, insurable interest, MERS, Motion Practice, Reg Z, table funded loan, Wells Fargo, wire transfer instructions, wire transfer receipt
Posted in bubble, Corruption, Eviction, securities fraud |