Attorney Walter Keane Explains Unfavorable Ruling of Quiet Title Split the Note Theory by Controlling Jurisdiction


Salt Lake City, UT (PRWEB) August 01, 2011

From his Salt Lake City office, Real Estate Attorney Walter Keane provides insight on the recent ruling by the Utah court of appeals which rejected the “split-the-note” argument.

On July 14, 2011, the Utah court of appeals issued Commonwealth Property Advocates, LLC vs. Mortgage Electronic Registration System, Inc. (MERS), 2011 UT App 232 (July 14, 2011). Keane says he found out about the ruling on July 15th during a court hearing in which Keane was arguing a quiet title cause of action based on “split-the-note.”

Keane, who recently taught a seminar for Utah Attorneys regarding his successful Foreclosure Defense strategies, explained that the “split the note” argument asserts that because MERS holds the trust deed (and the promissory note is held by an unknown third party due to securitization), the trust deed has been “split from the note.” This concept was first articulated in Carpenter v. Longan, 83 U.S. 271 (1872). Keane has based several of his cases upon this argument, and has been successful in using it to nullify trust deeds in Utah.

The Commonwealth opinion specifically addresses the “split the note” argument and fully rejected it. Following the rationale of the Utah United States district courts, the Commonwealth Court reasoned in Utah Code

Tom Cronin Promoted to The Collingwood Team LLC Partner and Controlling Director


Wasjhington, DC (PRWEB) February fourteen, 2013

Washington, DC based mostly organization advisory company, The Collingwood Group, right now announced that Tom Cronin has been promoted to Companion and Managing Director.

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Cronin will carry on to assist the corporations organization advancement and business advisory pursuits. As the newest member of the companies senior management group, Cronin will also perform to broaden the companies mortgage servicing practice, particularly as it relates to issues involving Ginnie Mae servicing and relevant servicing transfers.

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Cronin joined the Collingwood Group as Taking care of Director in September 2011. &#thirteen

We are delighted to announce Toms marketing, mentioned Brian Montgomery, Collingwood Team Chairman and Co-Founder. Toms broad knowledge and large institutional knowledge of the house loan market have confirmed priceless to Collingwoods clients, and with addition of Toms robust management as a member of Collingwoods senior leadership staff, the companies growth will no question carry on to accelerate, Montgomery added.

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Right away prior to joining Collingwood, Cronin served as Senior Managing Director of Clayton Holdings, Inc., exactly where he managed home loan items and securities. Cronin also served as a Managing Director of Interactive Mortgage loan Advisors, LLC., and Vice Chairman at Matrix Bancorp. In addition, Cronin has held leadership positions with the Mortgage Bankers Affiliation (MBA) and was appointed as a Fellow of the Society of Qualified Home loan Bankers.

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About The Collingwood Group

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The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-dependent organization advisory firm focused on expanding clients businesses, selling profits development and increasing investment decision returns. The firm is led by Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner. Montgomery performed a main part in the federal governments endeavours to tackle the nations fiscal disaster and restore stability and liquidity to fiscal marketplaces. The companies other founders have held management positions inside other businesses in the monetary solutions industry, like the GSEs. Collingwoods skills spans all elements of Company, non-Agency and FHA/VA housing financing packages Ginnie Mae securitization activities domestic and international secondary market pursuits and issues main and special servicing complete asset lifecycle seller and talent administration and all aspects of portfolio due diligence, acquisition, property management and asset disposition.

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