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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 20 March 2012 [View all]dixiegrrrrl
(60,010 posts)67. Plus, the "scrubbing firm" apparently thinks it can create faux "original notes"
"But you cant replace a note; its an original, and you need to have the borrowers signature for it to be binding, and I can guarantee no one is getting borrowers to sign replacement notes. "
Which means, besides all the other problems trusts have ( and the pension funds in those trusts)
only the borrower has the original paperwork.
The trusts are "empty" of everything that was supposed to pay money
AND
I understand that no note also means trusts have to pay taxes which were waived if the process had been legal.
( read that in Market Ticker some time ago)
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Why the Failure to Convey Notes and Make Assignments Properly is Such a Big Deal in Mortgage Securit
Demeter
Mar 2012
#36
Plus, the "scrubbing firm" apparently thinks it can create faux "original notes"
dixiegrrrrl
Mar 2012
#67
Yes, and how much of that oil can be moved to market through the Red Sea port, and not the Straits
amandabeech
Mar 2012
#73