Ah!  A short recap.

  • It is necessary that the life path of the "mortgage event birth"  deliver to each subsequent party "a lawful possession of a tangible interest" for the "mortgage event resolve".  Dr. Finnucci

The "Chain of Title" is supposed to exhibit a lawful history of transfers of beneficial interests between the parties in the Real Property Transaction.  However, we left off with the examination of a document that is purported to "transfer a beneficial interest" and we asked you "what is suspect in this document language".

Here's some more useful information to help you answer.  In the beginning (history) of the definitive document creations the following "genesis documents" identified the essential parties.

  • Deed of Trust (2007)

    • Mortgagor: Carter​

    • Debtor-Mortgagee: First National Bank of Arizona (FNBoA);

    • DOT Trustee (by language of Conveyance): Lawyers Title;

    • Nominee/Beneficiary (by Provision): MERS, Inc.

  • Promissory Note (2007)

    • Mortgagor: Carter​

    • Debtor-Mortgagee: First National Bank of Arizona (FNBoA);

    • Trustee: Lawyers Title;

Now, let's identify the parities on the Corporate ADOT #1.

  • CADOT

    • Mortgagor: Carter​

    • Reference Instrument: DOT 2007

    • Reference Assignor (executing the transfer):

      • MERS, Inc., as nominee for FNBoA

      • MIN# 100135553000549927 (the red numbers are the loan number on the original PN2007);

    • Reference Assignee (accepting the transfer): 

      • Deutsche Bank National Trust Company Americas, as Trustee (DBNTCA);​

      • Mortgage Asset-Backed Pass-Through Certificates, Series 2007-QH7, as Trust (MAB).

    • Reference Transfer type: Assignment of the LIEN ONLY​

    • Party Requesting the Recording: Nationstar

    • Party Requesting Receipt of the Recorded Document: Nationstar

NOTE: CA. Civ. Code § 1558 provides that parties to a contract must not only exist, but must be identifiable. (ID sourcing entities: FDIC, National Information Center, SEC and Ca. SOS)

  • Deutsche Bank (DB) is a brand reference and not a lawful identity.

    • The DB parent company has over 300 lawful entities (2021) each separate and distinct.​

    • The DB entity described in the CADOT above does not exist in any of the aforementioned sourcing entities or in the DB hierarchy.

    • The DBNTCA address used is a mailing address for Deutsche Bank National Trust Company (DBNTC) and Deutsche Bank Trust Company Americas (DBTCA).  These entities are lawful and do exist, but they are not named on the CADOT.​

  • MAB, the named securitized Trust on the CADOT, also does not exist in any of the aforementioned sourcing entities.​

  • FNBoA, was a financial institution licensed and insured within the Federal Banking family.  It merged without assistance of the FDIC in 2008 with First National Bank of Nevada (FNBoN).

  •  

  • FNBoN, was a financial institution licensed and insured within the Federal Banking family.  It was taken into receivership by the FDIC a few months after the merger with FNBoA in 2008.

So, the question here should be who has the "lien interest" created in the "genesis documents" for the subject property after this point  2015?

We have a shelter to save. 

 

 

[Season 2, Episode 3]