Replies to post #456954 on Fannie Mae-No Politics (FNMA)

[kthomp19]

Incorrect legal terminology aside, this isn’t how it works. Standing requires you to be an owner at the time of the INITIAL damage. Buying 3 years after the damages started and then claiming you are being continually damaged won’t hold water in court. In a way thats like the legal defense “Coming to the Nuisance” (if this were a tort case).

I have seen some plaintiffs complaining that every NWS payment causes damages to them. If this is true then wouldn't any shareholder, even post-NWS, have standing?

[bcde]

"Incorrect legal terminology aside, this isn’t how it works. Standing requires you to be an owner at the time of the INITIAL damage. Buying 3 years after the damages started and then claiming you are being continually damaged won’t hold water in court. In a way thats like the legal defense “Coming to the Nuisance” (if this were a tort case). "

When a contract gets transfered, what happens to the rights of the seller to sue for contractual violations?

When contracts gets transfered all the rights and obligations get transfered unless specified otherwise in the agreement to transfer.
With this reasoning, standing should not be an issue here.

[Donotunderstand]

adverse possession is such a cool strange properly names legal argument