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US Bank, Trustee loses Uncontested Foreclosure

  • Broadcast in Finance
THE NEIL GARFIELD SHOW

THE NEIL GARFIELD SHOW

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Court held that plaintiff was only the nominal plaintiff in the action because it brought the complaint on behalf of a trust, This distinction is consistently missed around the country. Maybe not so much anymore. The location of the trust is what determines citizenship and it doesn’t matter where US Bank’s main place of business is. 

 

I was just explaining this point today on one of my consults — it isn’t the bank suing you in foreclosure it is the trust. The trustee is only agent for the trust. And it isn’t even that when no property has been subjected to the control of the named trustee which is another way of saying no property has been entrusted to the supposed trustee. That is why the trustee always answers that they have nothing to do with your loan, the administration or the foreclosure. because they don’t — except that they re part of a conspiracy to defraud tens of millions of people across the country and in other countries. 

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