Aug 4, 2010
see this site www.conorix.com
A quick look at the above link shows game in full play.
- Mr Dinan, in an affidavit in Israel stated that UBS paid to the trust “to compensate the trust for it’s overpayment on the purchase on the UBS pool”. The Judges don’t want to hear about this complexity. The fact remains that the LEGAL documents stayed at the bottom of the securitization chain while the money and the receivables were traveling around at light speed at the top. Here is a direct statement of an “overpayment” which we have been talking about on these pages for years. The strategy of the pretender lenders has been to direct the attention (much like a magician does) on the borrower and whether the borrower made payments. The real question is whether any payments were due. If the real lender received real money and was satisfied that the obligation is terminated regardless of the source of the payment. Here we have an overpayment. Who is entitled to that overpayment? This seemingly innocuous statement also reveals and confirms that pools are being dissolved and paid off at the top of the securitization chain while at the bottom the pretender lenders are representing to the court that nothing has changed.
- The language in the pleading which is shown in the above site is obvious doublespeak that is intended to confuse the court and confuse homeowners and their attorneys. The reason they use it is that it works! If you want to win these cases you need to follow the rule: ASSUME NOTHING AND CHALLENGE EVERYTHING.


