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VOID ASSIGNMENTS

Livinglies's Weblog

You cannot ratify an event that never occurred. The paper assignment cannot be ratified if there was no actual event. The event is the purchase of a loan or many loans. The proof is not the assignment but the payment for the assignment. The Courts are wrong when they say the assignment could be theoretically ratified and then concluding that therefore the assignment is voidable not void. That is circular logic. They are looking at the assignment and they are concluding that there must have been a transaction if there was an assignment. The proper way to look at it is if there a transaction then the assignment could be valid could be ratified. If there is no transaction, there is nothing to ratify and therefore the assignment is void, not voidable.

THE FOLLOWING ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIREā€¦

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