The real parties in interest are trying to make money, not recover it. The Wilmington Trust case illustrates why borrower defenses and investor claims are closely aligned and raises some interesting questions. The big question is what do you do with an empty box at the bottom of an organizational chart or worse an empty […]

Tags: beneficiary, debts, foreclosures, indebtedness, mortgages, notes, res, security, TRUSTEES, TRUSTS, TRUTH, Wilmington Trust
Posted in Corruption, Eviction, evidence, Fabrication of documents, Servicer |

CHECK OUT OUR EXTENDED DECEMBER SPECIAL! “The true transaction is the one where investors gave money to borrowers and the borrowers agreed to pay it back either under the terms of the note, the terms of the bond or some combination of the two. That loan is NOT secured but was intended to be secured […]

Tags: Ally Financial, Andrew Johnson, M&T Bank Corp., ResCap, Residential Capital, Wall Street Journal, Wilmington Trust
Posted in bubble, Corruption, Eviction, securities fraud |