Thus the fund is present for payment and controlled by the combined entities of the entire single transaction. A default by the borrower is actually therefore impossible under the scheme of securitization as it was implemented.  The fact that the borrower has not made a payment to the mortgage service provider has typically been accepted […]

Tags: asset backed security, defense of payment, foreclosure defense, fund for payment, third party payment
Posted in Eviction |

This is a developing resource for attorneys and borrowers to assist them in creating strategies and tactics in foreclosure defense and offense. Assistance and comments regarding bankruptcy jurisdiction is also covered. Bottom Line: The procedure invoked by the mortgage meltdown scheme defrauded investors (false ratings and insurance) in asset backed derivative securities, who were the […]

Tags: ABC, asset backed security, borrower, fees, foreclosure defense, loan, Mortgage, note, revenue, securitization, transaction fees
Posted in Eviction |