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 |

Hat tip to Darrell Neilander and Charles Cox for bringing this one to my attention. Editor’s Comment: In a twisted display of circular reasoning and reverse logic, the 9th Circuit has issued an opinion that attacks the precise foundation of the Truth in Lending Act. Go to any seminar on TILA and the first thing […]

Tags: administrative convenience, assignee, bailee, consumer, correspondence, covenant, district court, entities, fail to respond, failure to respond, fair dealing, foreclosure, good faith, Mortgage, nominal, obligor, sentence
Posted in bubble, Corruption, Eviction, securities fraud |

THANK YOU DAN EDSTROM: Hats off to Dan for explaining the logistics of how additional people were added toy our deal, that you have a  right to know who they are and how their addition to your deal changes everything. Here is what he said: So the homeowner gave an unconditional promise to pay. The […]

Tags: additional parties, bankruptcy, co-obligors, condnitions to payment, Dan edstrom, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, obligor, predatory lending, securitization, trustee, unconditional promise to pay
Posted in bubble, Corruption, Eviction, securities fraud |