Just because the trust is outside of statutory laws doesn’t mean its transactions are. The subject here is not the trust or its structure that is the concern of the statute. The subject is the mortgage transaction. If there is a default on the loan, they will attempt to foreclose on property, no matter who owns it. So, regardless of whether the trust or you personally own it, one must still stand up to the fraudulent bank, and say,
1) prove to me [under penalties of perjury] that real money actually came out of your pocket, and you have a valid loss;
2) show me the original note and chain of title; and
3) who has the note now…. ???
