Bill Paatalo has another worthy Blog Post about how certain rogue REMIC trusts are akin to fencing operations. Today, we revisit the US Bank LSF9 Master Paticipipation Trust, purportedly located and operating out of and receiving mail in Florida, but in fact set up, to the extent it is organized in a legally and meaningfully manner, in the Virgin Islands.
Bill will discuss this and related cases, and we will delve into the implications of this situation for pleading practice, impacting both judicial and non-judicial foreclosure cases.
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