From The Ticker…

Get Ready For “Kentucky PerjuryFest, 2010 Edition”

In an awesome act Kenton County, Kentucky has enacted a general order for its court system related to foreclosures:

The order requires all foreclosure complaints in Kenton County to be accompanied by an affidavit certifying that the plaintiff is the owner and holder of the note and mortgage and identifying the plaintiff as the original holder or an assignee, trustee, or successor in interest of the original holder.

Yes, that should be good.

Kenton County foreclosure complaints must also be accompanied by a copy of the note and recorded mortgage with copies of all allonges, endorsements, and assignments necessary to document the chain of title to both the note and the mortgage.

The complaint must also include documents establishing the plaintiff as the successor in interest if any merger, change of trustee, or other transfer issue has taken place.

Oh now this one is fun.  Here comes the amusing part, especially for those notes that we know are sitting at originators – like, for example, Countrywide.

Coming to a courtroom near you in Kentucky…. (C = Counsel, DC = Douche Counsel, otherwise known as bank’s attorney, J = Judge,  W = Witless-n-****less)

C: So Ms. Jackson, you endorsed the note over to CWABS-You-R-Screwed Trust?

W: Yes.

C: And you did so on January 16th, 2006?

W: Yes

C: And you did so in your office in Calabasas CA?

W: Yes

C: What was your paycheck for the week including January 16th, 2006 from Countrywide Financial?

W: Uh, paycheck?

C: Yes.  You attested here that you were a Vice-President of Countrywide Financial on January 16th, 2006.  You were being paid to be a Vice-President, right?

DC: OBJECTION!

J: Overruled.  The witness will answer.

W: I don’t recall

C: Isn’t it true, Ms. Jackson, that you actually worked at WalMart stocking shelves in January of 2006?

DC: OBJECTION!

J: Overruled.  Sit down DC.  The witness will answer.

W: Uh, yeah.

C: So if you were stocking shelves, when did you sign this document?

W: Uh, last week.

C: Why did you put January 16th, 2006 on the paper as the date of your signature?

W: Uh, DC over there told me to.

C: Your honor, Respondent moves for dismissal with prejudice and award of fees and costs, as there appears to not only be no actual conveyance of anything but in addition there appears to be proof before the court that the Witness, under direction of DC, knowingly presented a false claim in order to foreclose when they had no standing as a real party at interest.

smiley smiley smiley

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