Deutsche Bank National Trust Co. v. Russo, A-2437-11T1; Appellate Division; opinion by Reisner, P.J.A.D.; decided and approved for publication November 14, 2012. Before Judges Reisner, Yannotti and Harris. On appeal from the Chancery Division, Monmouth County, F-32384-07. [Sat below: Judge Cavanagh.] DDS No. 34-2-8183 [14 pp.]
In July 2006, defendants Conrad and Irene Russo refinanced the mortgage on their home by executing a note and mortgage in favor of Mortgage Electric Registration Systems Inc. as nominee for Countrywide Home Loans Inc. In August, the collateral file was allegedly transferred to Wells Fargo Bank M.N. and two months later to Wells Fargo Bank N.A., the servicer and custodian for Deutsche Bank National Trust Company. Less than a year into the mortgage term, defendants stopped making payments.
