World Savings Bank: Wells Fargo Admits Loans Were Securitized
By Daniel Edstrom
DTC Systems, Inc.
http://www.dtc-systems.net
http://livinglies.wordpress.com
In a huge disclosure, Wells Fargo Bank has admitted that World Savings loans were securitized. This is a big move for homeowners strapped with Option ARM negative amortization loans. In recent months we have seen numerous endorsements on World Savings promissory notes showing that the notes were in fact endorsed to The Bank of New York. This is not an isolated incident as we now have 3 confirmed cases where World Savings notes were endorsed to The Bank of New York. Foreclosure defense lawyers have been seeking to know what this information means for their clients. These details are revealed in the LivingLies / Luminaq / AHC combo and in the DTC Systems Securitization Reverse Engineering and Failure Analysis for Lawyers (disclosure: DTC Systems provides their unique and premier Securitization Reverse Engineering and Failure Analysis and also provides services to Attorney Neil F. Garfield’s Securitization Report and Securitization Commentary, which is included in the LivingLies Combo).
Here is the original World Savings post: https://dtc-systems.com/world-savings-bank-loans-were-securitizated/
Wells Fargo along with many other banks, sold my house note, my promissory note, the deed to my home on wall street. They (the bank) got paid in full many many many times over for this thru securitization.
am I not correct? then why do they think they have the right to foreclose on property that they have already received full payment on?