Watch Those "Trustee" Representations from U.S. Bank

US Bank plays games with the wording of its “trustee” authority. They did it again here. They did not say they were appearing on behalf of the trust or the beneficiaries. In fact they failed to state that there were any beneficiaries. NO beneficiaries, no trust. In this case, their wording is corroborated by the evidence of lack thereof. They are appearing for the holders of certificates as a GROUP, not the trust, because there is no trust.

That being the case, the holders must be identified or else there will be nobody who could properly submit a credit bid at auction. US Bank is clearly not saying that it is the creditor as U.S. bank, it has merely stuck in the word “trustee” and ran it up the flagpole hoping that would cover the situation which it ordinarily does because Judges are uninformed. But the absence of even a mention of the beneficiaries is blatant.

Posted in Uncategorized |