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 |

The key element of the paper strategy has been to create the illusion of transfers of assets, thus supporting the erroneous narrative that with all those parties purchasing the loans, a lot of due diligence MUST have been done and therefore the screaming defense of homeowners (attacking ownership) is nothing but a dilatory stall tactic. […]

Tags: debt, obligee, obligor, Ownership of Debt, TRUTH, vulture firms
Posted in discovery, evidence, expert witness, Fabrication of documents, legal standing |

Many Thanks to Sal for pointing out the statute from California. It is time to use the presence of MERS on the originating loan paperwork as an OFFENSIVE TACTIC. Most states have some version of the statute below. It is simply common sense. A creditor is not a creditor unless they are owed something. A […]

Tags: beneficiary, creditor, DEED OF TRUST, MERS, obligee, secured obligation
Posted in bubble, Corruption, Eviction, securities fraud |