Cal-Bay International Inc (CBYI)

[mordicai]

I don't know anything about the most recent case except what I read on this board. Collateral estoppel and res judicata will prevent cbay from continuing the case filed in california against the turkey guy and the palm beach property. Don't know the specifics of whether or not cbay has a case against the entity that sold them the worthless mortgage for fraud, misrepresentation, whatever, ....but the paperwork filed in palm beach county clearly states that cbay bought the worthless mortgage and note without recourse...and since everything about the other mortgage was of public record which cbay could have easily read, I don't think cbay will prevail.