Comments on: Palm Beach County Foreclosures: The Pursuit of NON-Performing Mortgages in 2009 by Bank of America & Deutsche Bank

By: Patricia Ann BAll

Patricia Ann BAll — Fri, 26 Sep 2014 03:35:55 +0000

Wow ! Lynn please contact me asap? Humbly yours…..Keep up the great work!

By: Charles Izzo

Charles Izzo — Tue, 24 Aug 2010 15:58:44 +0000

Deutsche Bank is so much smarter than we pot-shot/ Bic-pen Attorneys that we still cant figure what they are doiing or why they are doing it. Who do you think the Courts are going to listen to when the big case hits the big Courtroom? Not the guys who buy their suits on sale at JC Penney.

By: PJ

PJ — Mon, 23 Aug 2010 21:46:09 +0000

This should be of interest to all people with performing loans that have had their “payment’s denied by their Mortgage Servicer… this implies that there is a concerted effort to put homeowners in default to ratchet up the playing field… sad that FL was the testing ground but this really explains a great deal… Thank you…

Lynn… what can one say other then WOW!!!!

By: Stupendous Man - Defender of Liberty - Foe of Tyranny

Stupendous Man - Defender of Liberty - Foe of Tyranny — Mon, 23 Aug 2010 19:05:55 +0000

Acquisition of non-performing loans, or loans in default at the time of acquisition, would seem to eliminate any protections of a holder in due course. As such all claims and defenses in recoupment under UCC 3-305 should be applicable.

These acquisitions may also fall under “champerty” statutes.

Good work Lynn!!

By: indio007

indio007 — Mon, 23 Aug 2010 17:30:34 +0000

All i can say . WOW it’s worse than I thought. Just like I’ve been saying , it’s musical chairs. The music stops and the trust needs to retroactively fill it with property it never acquired in the first place. The other angle could be the credit default swap.
1. Insure MBS against default
2. Go buy defaulted mortgages
3 ?????
4 Profit!!!