WHOA Wells Fargo – Hawaii Halts Those Horses!
Honolulu’s DUBIN LAW FIRM has successfully halted 2 more Wells Fargo eviction actions in Hawaii. Hawaii neighbor island judges are catching on as the Dubin posse rounds up another load of bandits trying to drive off with the ol’ stagecoach.
Both of the WELLS FARGO BANK, N.A. as Trustee cases were originally OPTION ONE mortgages that appear to have fabricated assignments to securitized trusts well-after the trusts had closed.
Unlike revocable family trusts – securitized trusts are tax shelters (aka REMIC) for large volumes of investment money like state pension and retirement funds and are called static trusts meaning that whatever assets make up the trust MUST be sold, assigned, transferred to the trust on or before its closing date (with limited extensions – and a lot of paperwork). Even with extensions – attorneys say it is apparently unlawful to try to sneak the asset into the trust 2, 3, 4, 5, 6 years later.