“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 |

It might strike a note of dissonance when you realize that all the knowledge, facts and theories are well-known by title experts and they are teaching mostly correct things to lawyers. The problem is not whether the information is being disseminated. The problem is that the Lawyers are either not paying attention at these seminars […]

Tags: ATLA standards, chain of title, economic interest, imputed knowledge, insurable interest, multiple transfers, title insurance
Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED Somebody get me the complaint so I can post it here. Editor’s Note: AMBAC is one of the insurers of loan portfolios, like AIG. The insurance paid off when the Master Servicer declared the portfolio had “failed,” based upon standards that were set by the Master Servicer and Underwriter. The insurer had […]

Tags: AIG, Ambac Financial Group Inc., Bank of America, BOA, fraud, insurable interest, insurance, Jonathen Stempel, Peter Tomlinson, Reuters
Posted in bubble, Corruption, Eviction, securities fraud |

How to Find “Who Owns The Note” – Who has an “Insurable Interest” !!!! It is basic insurance law that in order to become named as a loss payee – that is, to get an insurance policy issued to you to indemnify you against loss – you have to have an “insurable interest.” MERS doesn’t […]

Tags: assignments, brad keiser, creditor, hypothecation, insurable interest, lender policy, loss payee, MERS, Steven Kop, UCC 9-301-304, Who Owns the Note
Posted in bubble, Corruption, Eviction, securities fraud |