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Third Letter to Jamie

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Uploaded by on Oct 30, 2007

Response to your reply dated 10-22-07.
Thank You, for your response, although, as you state, Chase me be the "trustee" in a trust of many loans, the were the "beneficiary" in my loan. You are correct that Ocwen was the loan service agent, however, under California law, I was the "Trustor", Chase was the "Beneficiary", and "Dreyfuss, Ryan & Weifenbach" were the "Trustee", who know are in bankruptcy, as I suspect Ocwen will be as well when their house of cards falls down.

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  • what are we supposed to think about?

  • If there is no equity in the place maybe you surrender the collateral after living as long as you can rent free, get cash for keys after doing that. You'll be ready to buy another place in 7 years after the current credit bubble collapses and the recovery begins.

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