We have a real Judge
"The foreclosure sales (in question are) invalid because they failed to meet the requirements of (Massachusetts law)," Land Court Judge Keith Long wrote yesterday in reaffirming a decision he originally reached in March.
At issue is "lost" (or improperly endorsed) paperwork when mortgages are sold from party to party, as typically happens many times during a securitization process.
I have often argued that a lot of "lost" paperwork is in fact intentionally destroyed, as this is one of the few ways to cover up blatant fraud in the origination of mortgages - brokers putting the same application through with a half-dozen ever-higher "claimed" incomes, for example, until they get an approval. The original paperwork that is executed by the borrower, if it bears hand-written numbers that don't match the signature, could be a strong indicator of fraud committed by those brokers (and willingly ignored by securitizers.)
We have a real Judge!
Re: We have a real Judge!
