Woodbridge pitched the idea that we have a Note (evidence of debt) and an assignment of the first mortgage against a specific piece of real estate to secure the Note, thus a secured Note. Ordinarily, this would entitle the note holder to foreclose on the note and take some ownership of the real estate if … Continue reading FAQ #7: Will I be entitled to recover my collateral?
We (all) now know that Woodbridge Wealth (one of its many name used to hide the true corporate structure set up by Robert Shapiro) was a fraud and even a Ponzi scheme. It was originally pitched as a master fix/flip real estate hard money lender, which is a legitimate and even conservative business model. So … Continue reading Woodbridge Ponzi and Fraud – why are they in Chapter 11