There were two loan closings when you closed — one which you knew about where a “Naked nominee “with no money, no authority and nothing to do with the transaction Rented their name to Wall Street to play the part of the lender and named on a note as the Lender and named on the mortgage as the lender protected by the collateral of the house.
Not true according to M Soliman an expert witness who is under constant attack by lenders Constituents and bank anti-foreclosure defense critics.
There was only one loan the household executed at closings — one which you knew about is correct. In referring to the second land this guy is talking about de-recognition and the construction of A negative pledge or zero coupon bonds.
Guessing is causing American homeowners to lose time and time again and something must be done to take convoluted accounting rules and put them into the hands of those who need them attorneys and their clients in a foreclosure defense.
See your mortgage instrument under sec 9 – Any amounts disbursed by Lender under this Section 9 shall become additional debt of . . .Borrower secured by this Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with such interest upon notice from Lender to Borrower requesting payment.