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Farce Behind the Force: JPM and WAMU

Livinglies's Weblog

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This article is not a substitute for getting the advice I’m an attorney licensed in the jurisdiction in which your property is located.

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see http://www.ritholtz.com/blog/2013/03/jpm-wamu/

The banks are counting on the fact that the claims of securitization are so complex and convoluted that nobody will be able to state a claim with clarity. Foreclosure defense lawyers across the country are seeing constant fabrications, forgeries, uttering false instruments (assignments, Powers of Attorney), and perjury. Nowhere is this more evident than in the case of J.P. Morgan Chase claiming rights in connection with it’s acquisition of certain assets and liabilities of Washington Mutual (WAMU).

At this point J.P. Morgan Chase has taken so many different positions that are inconsistent with each other that you can find a brief or pleading from J.P. Morgan Chase to support virtually any position that you want to…

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