Think of it this way: If someone wrote you a check for $100, which would you do? (1) make a digital copy of the check and then shred it or (2) take it to the bank? Starting with the era in which banks made what is abundantly clear as false claims of securitization the banks […]

Tags: DESTROYED NOTE, Elizabeth Warren, Florida bankers Association, Florida Supreme Court, Katie Porter, lost note, pretender lenders
Posted in Corruption, discovery, evidence, Fabrication of documents, foreclosure defenses, legal standing, Modification, Pleading, Servicer |

“reapplying the “signature images” upon stored copies.” I have obtained confirmation from a large bank vendor (Visionet Systems, Inc.) that it rectifies “lost notes” by reapplying the “signature images” upon stored copies. —- Bill Paatalo, December 10, 2016 Kudos to Bill Paatalo who has quantified and identified what I have been talking about for years […]

Tags: consent judgment, DESTROYED NOTE, GreenPoint Mortgage Funding, infrastructure, lost note, MERS, OCR Legal packages, visionet, Visirelease
Posted in Uncategorized |

EDITOR’S NOTE: Earth,the final frontier. Somewhere there are people who grasp the concept of reality. But to give credit where credit is due Floyd gives primary print space to contrary points of view. Even better, he shows his professionalism by asking the two questions (1) why would banks lose the note and (2) “what am […]

Tags: borrowers, cash equivalents, credit default swaps, DESTROYED NOTE, discovery, financial loan product, Floyd Norris, investors, lost documents, lost note, Ny Times, two pools
Posted in bubble, Corruption, Eviction, securities fraud |

AS YOU CAN SEE FROM THE NEWEST ENTRIES TO GARFIELD’S GLOSSARY, WE HAVE PIECED TOGETHER THE REASONS FOR THE METEORIC RISE IN LOST NOTES. WE ARE FAST ARRIVING AT THE CONCLUSION THAT FATAL DEFECTS IN THE LOAN UNDERWRITING AND SECURITIZATION PROCESS HAVE EVISCERATED THE SECURITY PROVISIONS OF THE MORTGAGE AND THE OBLIGATIONS UNDER THE NOTE. […]

Tags: DESTROYED NOTE, EARLY AMORTIZATION EVENT, foreclosure defense, lost note, NOMINAL LENDER, rescission, single transaction, SPV, TOXIC WASTE
Posted in Eviction |