In the euphoria of the housing boom, there was a lot of slipshod paperwork done- and in some instances, it’s playing havoc with the foreclosure process: [Hat tip Freedom's Phoenix] In a stunning victory for borrowers, a New Jersey court has dismissed a foreclosure action filed against the borrowers by Deutsche Bank Trust Company America as alleged trustee for a securitized mortgage loan trust after Deutsche Bank willfully, and despite the entry of three (3) separate court orders, refused to produce documents demanded by the borrowers which included documents setting forth the identity of the true owner and holder of…
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