In addition to defrauding the borrower whose signature will be copied and fabricated for dozens of “sales” of loans and securities deriving their value from a nonexistent loan contract, this distorted practice does two things: (a) it cheats investors out of their assumed and expected interest in nonexistent mortgage loan contracts and  (b) it leaves […]

Tags: acceptance, Belanger, borrower, consideration, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, loan contract, offer, rescission, securitization, trustee
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