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2d Circuit: If Trusts Are Not REMICs then Qui Tam Would Have Survived

Livinglies's Weblog

Here again the Truth seems to be the third rail of litigation if it is in any way related to the bogus “REMIC” “Trusts” or their “certificates” or their status in foreclosure litigation. None of it is real. Here again we have a case that bends down to pick up pennies while 100 dollar bills are flying overhead. This court says that if the allegation had been that the trusts didn’t qualify as REMICs, the ruling would have beneficial to the relator in this whistle-blower action.

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THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER.
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see https://www.ropesgray.com/newsroom/alerts/2017/01/Second-Circuit-Affirms-Dismissal-of-Mortgage-Backed-Securities-New-York-State-False-Claims-Act-Case.aspx?utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original

Nobody wants to touch that third rail. Nobody wants to say that they don’t believe the trusts were in actuality Real Estate Mortgage…

View original post 862 more words

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