Payment by third parties may not reduce the debt but it does increase the number of obligees (creditors). Hence in every one of these foreclosures, except for a minuscule portion, indispensable parties were left out and third parties were in reality getting the proceeds of liquidation from foreclosure sales. The explanations of securitization contained on the websites of […]

Tags: Freddie Mac, indispensable parties, loan receivable, money trail, obligee, paper trail, REMIC TRUST, REMIC Trust IPO, securitization
Posted in Corruption, discovery, evidence, Fabrication of documents, legal standing, securities fraud, Servicer |

“Failure to Add Indispensable” Parties: Why Not Raising This Defense in Your Client’s Mortgage Foreclosure Case May be a Ticket to a Legal Malpractice Claim This article is intended for attorneys who choose to defend a mortgage foreclosure action. As has been repeatedly published in this blog, in the great majority of instances we have […]

Tags: foreclosure defense, indispensable parties
Posted in Eviction |