JUDGE DISMISSES ALL FORECLOSURES FILED BY DEUTSCHE BANK

DEUTSCHE BANK ON THE RAMPAGE; CLEVELAND FEDERAL JUDGE DISMISSES ALL FORECLOSURES FILED BY DEUTSCHE BANK

March 25, 2010

March 25, 2010

As those of you who read this website know, we have an “inquiry” form which can be submitted as to a foreclosure action or threat. Within the last week, we have received over fifty (50) such inquiries relating to foreclosures being initiated by Deutsche Bank as “Trustee” of a securitized mortgage loan trust. These inquiries have come from across the United States, with the borrowers all asking the same question: Who is Deutsche Bank and what do they have to do with my mortgage loan?

The answer is quite simple: Deutsche Bank chose to acquire large quantities of mortgage loans which were securitized and is mounting a massive campaign of foreclosures in order to capitalize on their actions in the manner previously discussed on this website. We will continue to defend these actions and to raise all legal defenses to such foreclosures.

Speaking of Deutsche Bank, a Cleveland Federal Judge dismissed ALL foreclosures filed by Deutsche Bank within that judicial district, this having been done contemporaneously with the filing of a class-action lawsuit against Deutsche Bank for wrongfully seeking to foreclose without owing the mortgage loan when the foreclosure was initiated (read: lack of standing). As our readers know, Ohio was one of the first jurisdictions to rail against foreclosures initiated without legal standing when Judge Boyko dismissed some 22 foreclosures simultaneously and wrote a very scholarly opinion justifying the dismissal. It appears that the Judiciary are realizing the extent of the fraudulent foreclosures being initiated and are doing something about it.

Jeff Barnes, Esq., www.ForeclosureDefenseNationwide.com