Thursday, December 27, 2018 10:07:15 AM
http://www.blogtalkradio.com/neilgarfield/2018/12/20/yet-more-evidence-that-a-us-bank-trust-is-operating-under-a-false-name
Please listen to the whole 30 minute podcast!
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IMO...my conclusions as of December 27, 2018:
1) It’s obvious that US Bank, NA (trustee of LSF9) and US Bank Trust, N.A. are two different entities.
2) US courts are flooded with a plethora of foreclosure suits involving LSF9.
3) The plaintiffs (the institutions trying to foreclose on the properties) constantly use the tactics of lying and try to confuse the courts because the plaintiffs are trying to hide the fact that there is a defective chain of title.
4) The defective chain of title is a problem because JPMC (who did not own the Wamu (WMB/WMB,FSB) loans but rather only owned servicing rights) sold the Wamu Loans to entities such as LSF9 in June 2014.
5) Everyone can debate and dispute my admittedly outrageous/astronomical recovery estimates, but it’s becoming more evident that JPMC needs to pay for all the Wamu Loans that they claimed they owned and subsequently sold to entities such as LSF9.
Per JPMC’s 2009 annual report, they claimed that JPMC acquired $264 billion in WAMU Assets from the FDIC. The portfolio loans within WMB + WMB,FSB = $231 billion.
Thus, upon “Change In Control”, JPMC needs to pay book value for the portfolio loans.
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