Introduction to Derivatives


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From Garfield’s Guide to Foreclosure Litigation Copyright 2017 GTC Honors, Inc. and Neil F Garfield, publication date TBA

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We start with derivatives because that is the origin of the mortgage crisis. An understanding of derivatives and how they were used in the marketplace is the key to understanding how to litigate on behalf of of victims of wrongful foreclosure. Basic black letter law applies to derivatives, claims of securitization, assignments and endorsements.
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Any document that purportedly asserts an interest or ownership in property could be classified as a derivative. A derivative is any document that derives its value from something else. In other words, the  document is not worth the paper it is written on unless there is a reference to  something real in the world of commerce.
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Hence the title to your car is a derivative instrument in that the document itself is only as good…

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About Here and Now

I rant about issues concerning foreclosure, real estate law and any topic of interest. Normally my day job is Fashion and Costume Design. I like writing and reading interesting subjects.
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