Judges may be biased in favor of “national security” (i.e., protecting the banks), but they have a surprisingly low threshold of tolerance when they are confronted by the bank’s argument that they don’t have to accept the money and that it is the bank’s option as to whether to accept the money or proceed with […]

Tags: ARTICLE 3, bondholders, Golden Rule of Mortgage Foreclosure, holder in due course, merger doctrine, MERS, noteholders, PETE, proper negotiation of ntoe, UCC
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