Servicer assignment of mortgage to trust but servicer takes title regardless (FHFA v BoA mort. loan)
FHFA v Boa lawsuit includes a tranche/class of the REMIC Bank of America Funding STALT 2005-1F. The payment stream from loans in group 4 were in the tranche that is part of this lawsuit.
The Aswani Home Docket here Property Appraiser here
Suntrust Originator
Suntrust Servicer
Suntrust Foreclosure
Marshall Watson foreclosure (complaint count I item 3 “Plaintiff is the owner of said note”)
“Original Note” – was “lost” then was “found” – no endorsements on front or back of any page – MAJOR PSA violation
Assignment of mortgage to “US Bank National Association Successor-In-Interest to Wachovia Bank NA as Trustee for BAFC SALT-2005-1F.
Certificate of title issued to Suntrust instead of the trust regardless of previously assigning the mortgage to the trust.
THEN Suntrust SOLD the property for $78,500! – Did the trust get the proceeds? Property appraiser info here.
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4closureFraud.org
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Can someone give me the ramifications of this in ENGLISH please? Why is this ruling important?
My own mortgage is supposedly held in a US Bank Trust, and serviced by BofA.