NICK VERBITSKY BLUE CHIP FILMS

Frighteningly, Summary Judgment was granted on the basis of the Affidavit and had to be vacated. Leave a Reply Cancel reply Enter your comment here Whereas I thought the investors were equally victimized along with the homeowners,, it now seems likely that the investors have been paid in full by mortgage insurance payments. This site uses cookies. The late assignment of mortgage forged by the employees of the servicer pretending to be officers of MERS or a defunct originator proves that fact again and again. I have alerted several of the investor attorney firms to the failed assignments and they have yet to make any moves. In my state, the supreme court has held that ownership is controlling and possession of the original note is mandatory at the time of filing the suit, AND that the mortgage assignment from MERS is a mere incident — not even necessary, since the mortgage follows the note.

Whether or not you are represented by an attorney understanding the legal system is an asset. I have alerted several of the investor attorney firms to the failed assignments and they have yet to make any moves. Frighteningly, Summary Judgment was granted on the basis of the Affidavit and had to be vacated. Once the note is in the Trust, it becomes a security. And if the investors sided with the borrowers it would likely come out that the promissory notes were securitized and non-negotiable BEFORE the borrower signed… Which would mean the banks were selling securities without disclosure or a license. Deadly Clear-Thank you for this insight. It was not mortgage brokers chasing loans, it was shelf registrations chasing volume. No doubt it sounds like the Trust documents went to the printer long before the borrowers, for the most part, signed the loan documents.

Nick takes it back to what led up to their loss of image and caused investors to look closer at their balance sheets. I think that you are getting close to the core of the issue: And if the unsigned notes were sold or funded by investors — that appears to be Nemo dat… and probably a lot of other violations for investors buying sight unseen, questionable due diligence, pension fund investment guidelines and securities rules and regulations… not to mention state laws.

They all securitise the same way, including fannie and freddie. Sorry, your blog cannot share posts by email. You are commenting using your WordPress. The promissory note is identified on paper printed in the trust documents. Let me make sure I am getting this. Yes, apparently by NY and Delaware common trust law the failure to assign in the name of the trust and to the trust pursuant to the trust controlling documents makes the late assignment VOID, not merely voidable — but VOID.

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Fraud in the Factum is fraud that arises from a disparity between the instrument intended to be executed and the instrument actually executed; Leading Plaintiff to sign the wrong contract. If it failed early on, then would not all the paperwork be worthless after the 90 days required to have the loan transferred into the trust? And if the investors sided with the borrowers it would likely come out that the promissory notes were securitized and non-negotiable BEFORE the borrower signed… Which would mean the banks were selling securities without disclosure or a license.

Think about this as you watch the Confidence Game when it airs in a theater or Film Festival near you. No doubt it sounds like the Trust documents went to the printer long before the borrowers, for the most part, signed the loan documents.

Listen to short clip here. Thank you for this excellent site. Only one dissenting opinion from those not published. Subsidiaries of these deregulated financial service firms provide the warehouse line to fund, knowing they are coming back up the chain to the pool, where they are paid back.

The shelf registration requires them to have the loans on the closing date. Are Promissory Notes actually Securities before the homeowner signed blu mortgage documents?

Nick Verbitsky | Deadly Clear

DeadlyClear asked Nick if he felt the mortgage-backed securities are what took down the Wall Street giant. To find out more, including how to control cookies, see here: Is there certain documentation that could help prove the securitization fail if the paperwork was not handled as the REMIC regs demanded? You are commenting using your Facebook account.

The documents are not the same as the documents you were given to take home. Whereas I thought the investors were equally victimized along with the homeowners, it now seems likely that the investors have been paid in full by mortgage insurance payments. But… in order to invest pension and retirement funds there must have been a vehicle already created. You are commenting using your Twitter account. Is the late assignment you are talking about the assignment of mortgage just before filing suit, or are we talking about the indorsement of the note in blank?

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Notify me of new comments via email. Five entities were shown in these hidden documents that I had no idea was involved, although I b,ue wonder why the originator was paid a BROKER fee when the mortgage referred to the originator as the lender, for which MERS was a nominee.

Inside those trust documents in most cases was a list of identified loans or a Mortgage Loan Schedule that the investor was supposed to have reviewed… due diligence. As for serious — could be felonies… Could be billions of dollars in tax liabilities owed by the investors because they spent money on fraudulent enterprises that they knew or should have known were set up to fail.

On or about May 25,for valuable consideration, Plaintiff Barry S. Leave a Reply Cancel reply Enter your comment here By continuing to use this website, you agree verbigsky their use. Complaint alleging that the Promissory Notes was sold forward and securitized.

Confidence Game – The Film Unraveling Mortgage Fraud

So, really what you are hick about; is the same group of banks working together to fill a pipeline to get their money back that they created out of thin air, plus the mark-ups along the way. The late assignment of mortgage forged by the employees of the servicer pretending to be officers of MERS or a defunct originator proves that fact again and again.

Email required Address never made public. The more you learn, the less likely you are to be taken advantage of or scammed. I worked in this industry and will provide one tidbit. Homeowners, ask for, or subpoena, the closing instructions for filmd loan; you might be surprised what you find.