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DID YOU RESCIND?
ASK QUESTIONS TONIGHT!
We continue answering questions tonight on rescission and legal strategies that lawyers should be thinking about. It’s all about the lack of meat in the sandwich — there is no underlying transaction IN THE CHAIN CLAIMED BY FORECLOSING PARTIES — no money exchanged hands. There is no loan at the base of all that paper that banks are fabricating for court. Money was loaned — but not by anyone in the chain that claims rights to the loan. They have no rights and the judicial system needs to scrutinize these transactions and the foreclosures initiated by parties who have no ownership, no authority and cannot prove the balance of the loan.
The question is whether the courts will realize that this is about money, not paper.
Filed under: foreclosure