DISCONNECT THE DEBT FROM THE REAL ESTATE. The sale of the real estate Notes breached the deeds of trust (DOTS) when they were sold without assigning the security instrument to the new Note Holder. The DOTS require the "lender" to notify the borrower of the default, accelerate the debt, substitute a trustee, reconvey the prior deed of trust. Paras 19 - 22 of DOTS. If you breach that contract there is no privity of contract between the original lender and the bank trying to get the property. FC is a remedy to the DOT. The laws work perfectly, this means the notes are unsecured, AND whoever really did lose money and can prove they paid for the Note can seek recovery from the borrowers on the face of the Note. This would leave borrowers actually negotiating with the real lender.



