New Century, now Carrington, did not own promissory note or deed of trust, and could not legally transfer lien

Most New Century mortgages will find the same problem. Fraudulent assignments are not ministerial…

justiceleague00's avatarJustice League

robosigned document

And which making it impossible for Carrington or Wells Fargo to legally enforce the lien.

Wolf Transfer of Lien (NCMC to WF), 10.15.2009

Notice that from the Wolf vs. Wells Fargo lawsuit, the transfer of lien document was signed by Tom Croft, Vice President of REO for New Century Mortgage Corporation. Croft, according to Linkedin website of the Senior Vice President of REO for Carrington: https://www.linkedin.com/in/tom-croft-388a5613. There is a major problem: New Century filed bankruptcy in 2007 and Carrington Mortgage brought New Century. The second problem is the transfer of lien document was recorded in 2009. Here is the SEC filing for Carrington Mortgage Trust, Series 2006-NC3:

0001369384Carrington Mortgage Loan Trust, Series 2006-NC3
SIC: 6189 – ASSET-BACKED SECURITIES

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Wells Fargo Must Pay $5.4M In Robosigning Foreclosure Row

Yes, Virginia – there is a Santa Claus.

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Wolf vs. Wells Fargo…

H/T Marie McDonnell

Below, I have attached the jury award from the Wolf v. Wells Fargo trial. The jury concluded its deliberations on Tuesday afternoon, November 10th.
It is my belief that this is the first jury verdict of its kind where the jury was asked to determine whether a robo-signed Transfer of Lien (assignment of mortgage) was fraudulent, and on that basis, award damages.
The jury awarded the Wolfs $190,000 in actual and emotional distress damages; $190,000 in attorneys’ fees — which is sufficient to take them through an appeal all the way up to the Texas Supreme Court; and $5 million in punitive damages to be paid equally by Wells Fargo and Carrington.
Plaintiffs David and Mary Ellen Wolf testified on their own behalf, and I testified as their expert.
I explained to the jury the sequence of “true sales” that were necessary…

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