LivingLies Post: FLORIDA SUPREME COURT RIPS UP BANKS’ PLAYBOOK

LivingLies Post: FLORIDA SUPREME COURT RIPS UP BANKS’ PLAYBOOK

By Daniel Edstrom
DTC Systems, Inc.

After reading this article by Neil F. Garfield, Esq. (http://livinglies.wordpress.com/2011/12/09/florida-supreme-court-rips-up-banks-playbook/), I have an open question for lawyers and judges that I am pondering.  How can any “final” adjudication be final if the title to a property has not been fixed?  If title to a property is left in an inconsistent state, how can res judicata, a judgment or any other type of ruling be “final”?  If title to a property is left with, for example, a wild deed, a forgery or some other defect (or as seems to be typical – defects) rendering title unmarketable, would it not take a ruling by a judge to correct these issues?  If a UD judgment is “final” and a homeowner is evicted, and title is left defective (again, by way of example with a wild deed, forgery or some other similar type of defect), how do you get title cleared?

Pro Per Debtor Stops Attorneys for US Bank – in RE Deamicis

Pro Per Debtor Stops Attorneys for US Bank – in RE Deamicis

By Daniel Edstrom
DTC Systems, Inc.

She has been fighting toothe and nail.  Nobody was listening.  The current bankruptcy judge was skeptical when she showed up in bankruptcy.  But now his ruling on a motion for relief from stay blows the doors off her case.  It seems that bank attorneys are confused by something that should be very simple for an attorney.  The issue is who is the real party in interest?  Many have failed to comprehend what is in a name.  If a very large bank is included in the name, most just glaze over it and go right to the pleadings.  Here it is in a nutshell: US Bank, NA as Indenture Trustee is MEANINGLESS.  This is because when a trust is involved, the trust is the real party, not the bank.  US Bank is a trustee of hundreds if not thousands of trusts.  Naming them as Trustee does not identify an entity that is real.  In the debtors case, the bank foreclosed on her home in the name of US Bank as Indenture Trustee of [some Terwin Trust].  This was a non-judicial foreclosure.  In the UD (unlawful detainer), which is a judicial case to evict her, the name used was US Bank as Indenture Trustee.  The lawyers did not specify a specific trust.  She lost that case in state court and before she was evicted she filed bankruptcy.  She had to keep objecting and protesting.  Eventually the judge came to the realization that something was wrong.  In fact the judge ruled as follows: 

“The defect cannot be cured, either directly or implicitly, by any ruling this court can make on behalf of the Terwin Trust in the Second 362 Motion.”

I almost fell out of my chair when I read that.  If they put the wrong name, they have to cure the problem.  Based on my research, in a very large number of cases the wrong party is named.  Including yours truly.  Have a nice day, I know I will.

Download the case here: http://dtc-systems.net/wp-content/uploads/2011/08/in-RE-Deamicis-Real-Party-in-Interest-For-Publication.pdf