But it is a very valid defense and everyone should look at using it. Besides that defense there is something that is so simple to understand, in my opinion.
That defense is also on Matt Weidner’s site. It is about the “Pooling and Service” agreement, this was written in 2010, but is very very valid today.
Every single loan/mortgage goes into a “Pooling and Service” agreement and that is ultimately a trust. Normally that trust consists of hundreds of new mortgages. That “Trust” is filed with the SEC.
Here is the part that is very important! That trust is suppose to have “tax filings” (just like we have to file our IRS taxes every year) with SEC. What you will find is there may be a filing or two regarding that trust, but then the filings stop. You will find as a whole the “Trust” that has mortgages in it, stopped being an “effective or valid” trust, once the SEC filings stopped. So.. that means that Trust is no longer valid and that Trust means there can be no Truste
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