• Archives

  • Blog Stats

    • 673,118 hits
  • Categories

  • Advertisements

Wells Fargo Beatdown over endorsements that are not “genuine”



Here at LRM, I have written a lot about the importance of endorsements on promissory notes, specifically what has come to be known as a “ta-da” endorsement, which is roughly defined thusly:

“…endorsements that magically turn up on promissory notes after a lawsuit has been going for some time with banks relying on notes that have no endorsements.”

So why are endorsements so important in a foreclosure fraud case?  Because the endorsements establish who actually does—or doesn’t, as the case may be—have the right to take someone’s house from them.  In my research and in my personal belief, banks routinely did not endorse notes in order to effect negotiation of said notes to the various securitization trusts/pools into which they were supposedly bundled and sold.  In my view, the question of endorsements is the question when it comes to the propriety of foreclosure in any given case, and improper…

View original post 1,366 more words


What is your opinion?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: