This is complete horsebleep. Endorsed in blank ? No standing ? Ipso facto predatory ?
Whoever the mortgage broker was - he got paid to replenish his warehouse line for this loan. Then the bank got paid by EMC. And then EMC got paid by Bear. Is the Alabama couple going to sue now to get the payments they made, if any, back now too ? A fictitious tax SPV is to be relied upon to prove no standing ? Something the govt. can annul willy nilly or retroactively?
The only sane remedy here gives the couple 6 more free months in the home while the SPV does some paperwork. The rest of the world has had to catch up to the internet and electronic documentation. Real property law must now do the same. At bottom this is no different than the ATM adding a zero and giving you 2000 instead of 200. No one says that hey - I get to keep the extra 1800. Keep real property because of an endorsement in blank ? The world is turned upside down.
NEGATIVE , You can’t “FIX” outright fraud with NEW FRAUDULENT POSTDATED DOCUMENTS!!! and go against the contract (the PSA) that created and governs the trust ,, this is a complete FUBAR created by Wall Street and it is NOT FIXABLE ...
Real estate changes hands slowly enough that current law works just fine. The problem we have with mortgages is that properties are treated like commodities, not individual unique entities.