From: Deadly Clear
by Deadly Clear
The GLASKI opinion
has made the Wall Street banking industry crazy. There was an outcry
for publication of this case as it allowed homeowners to challenge
fabricated assignments. The Court agreed to publish the opinion.
by Deadly Clear
The GLASKI opinion
has made the Wall Street banking industry crazy. There was an outcry
for publication of this case as it allowed homeowners to challenge
fabricated assignments. The Court agreed to publish the opinion.
The
securitization case was briefed and argued as a New York law trust case
when in fact it was actually a Delaware trust. While the outcome may
have likely been the same, the Court's opinion was based upon New York
Trust Law. Thereafter, the banks (that it appears failed to raise these
issues during or after the hearings) wanted the opinion to be de-certified for publication. Read more of this post
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