Those suits are of public record so you can find them and see what “Trusts” were involved. Armed with that information you can go the SEC (Securities and Exchange Commission) website and do a search under that lending institution for that particular trust. It does take some legwork and persistance, but it can be done. Ususally the PSA (Participation & Servicing Agreement) will list all of the loans involved in that trust. If not, you just have to keep looking at each and every document that is filed with the SEC on that particular trust. Chase filed differently with the SEC under numerous names (JP Morgan Chase, Chase Manhatten Mortgage, Chase Bank N.A. etc.). It took me nearly 3 days of searching to find one for my friend but don’t give up!

My question exactly! Wonder what loans were in that investment package….what trusts were involved…

Yes, there is a case. Thirteenth judicial circuit for Hillsborough County, BRANCH BANKING and TRUST COMPANY vs KRAZ, LLC #10-CA-000304

“In fact, Mr. Bruni testified that Plaintiff may have already applied to the FDIC for a loss share payment on this loan. And Defendants’ expert, Jim Howard, explained that it was possible Plaintiff could have already applied for and received a payment from the FDIC on this loan, perhaps in an amount as high as $1,800,000.00. Notably, Plaintiff nowhere credited such potential payment from the FDIC against the amounts sought in the instant litigation; thereby giving the impression that
Plaintiff might be “double dipping”, and possibly “triple dipping” if market conditions favorably
change and the property likewise increases in value.”

“all funds held by the Receiver shall be paid over to Defendant Kraz’s business operating account; …It is further ORDERED AND ADJUDGED that Plaintiff shall, within thirty (30) days of
the entry of this Final Judgment, credit the principal of the Note with all payments received by
Plaintiff from the FDIC concerning this loan”

In all this mess, the Title Companies are the most honest and right as they are responsible for holding you harmless if anything is filed wrong and they let it go or if wrongs get by them.

Because it would cost them money to be wrong, they will do all they can to be right.

Always put the Title Company on the line first!

Have you heard of any case that accepted this theory, if investors got their money, the notes are null or may be made noncollectable on?

However, if the investors appear not injured and being repaid by this settlement, then paying on the note will constitute their “unjust enrichment”, right? Not saying that they most probably did get unjustly enriched on our notes anyway.