Why “REMIC” Certificates Are Not Mortgage Backed

LivingLies: “For all of these reasons the judges in tax cases have determined that the holders of REMIC certificates or “bonds” are not the holders of any secured obligation. The fact that the words “mortgage-backed” are used does not make the certificates backed by mortgages. They are not. But simply asserting that they are and naming them as such is sufficient to raise questions of fact that must be determined by courts.

* This is particularly important in foreclosure cases where the case is asserted to be on behalf of the holders of the certificates. Since the holders have no right to foreclose it is obvious that anyone representing the holders would have no more power than the actual holders of the certificates.

Source: Why “REMIC” Certificates Are Not Mortgage Backed

1 thought on “Why “REMIC” Certificates Are Not Mortgage Backed

  1. They don’t hold nothing but an empty bag!

    I’m sorry got depressed overwhelmed Taking forever to get things together here n I’ve so much work to do!

    I wana express the trust n do the demand for subrogation too

    I’m think u could just go in 27 n say I demand my rights to subrogation?

    Ok well I think if I get proceedings in district court w the express trust n I say I demand my rights to subrogation n write further about my bk proceedings TRO about house n charges that it gets dismissed um? I dunno 🤷‍♀️ sucks brother sharif abandoned me since I’ve those charges really makes me think he’s not what he professed if he can’t complete a task stating all the authority we have etc if so why do hard for him to help me? Just abandoning me no heart oh but if Laela has a car accident he’s jumping through hoops for her ass but me well i ca. Sit in jail n rot it’s just bad karma for him now!

    Sent from my iPhone

    >

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