Foreclosure Defense Florida

Deutsche Bank- Evil Double Crossing Player in The Foreclosure Mess

Lurking behind the scenes as a player in a high percentage of foreclosure cases is German banking titan Deustsche Bank.   One of the key issues I’ve been aggressively pursuing over the last several months is the fact that I don’t believe many of the Plaintiffs in foreclosure cases have any real stake in the outcome of the litigation, because the real party in interest is the certificateholders or investors, not the servicer who is typically named as the plaintiff in the suit.   Oftentimes you’ve got to push hard to uncover the true identity of the real party in interest in foreclosure litigation, but when you do, changes in the outcome of the case usually follow.   This is important to keep in mind as we proceed with litigation and mediation, because until we get the real parties at interest in these cases, no real resolution will be forthcoming.

foreclosure-spotlightRead this article in today’s Wall Street Journal for insight on how shadowy players in the mortgage underworld retain much of the interest in the outcome of the cases.

One Comment

  • magort says:

    The real orgies in interest are fighting there battles withnthe Fed right. Now, trying to get information about the billions of dollars of loans the Feds own, having taken them from the banks.

    They most likely have little to now knowledge of the wasting of the assets caused by the servicers (who want to keep getting their higher fee for a loan in FC) and the Mills who have no interest in a sensible settlement. Under trust law, these Trustees may be liable to the investors for a surcharge for waste to the trust assets.

    If only we could get credible sties based on sound research published in the finance and investment journals these investors read.

    –mike

Leave a Reply