Validity of Loan Transfer is Already a Matter of Law, Foreclosure Crisis Revealed Systematic Weakness
June 17, 2011
Much of the confusion in the foreclosure mess and the resulting litigation stems from a blurring of two distinct issues, the validity of the original transfer of ownership of the mortgage and the promis-sory note, and defects in the foreclosure process, according to a top industry legal expert. Theres been a co-mingling of two distinct issues, and I think what we find is that the issues...