Opinion ID: 4540036
Heading Depth: 3
Heading Rank: 1

Heading: Mortgage and Assignment History

Text: [¶2] On September 18, 2003, Duane and Julie Beedle executed a note and mortgage in favor of lender Fleet National Bank for the purchase of property located in Belgrade. [¶3] In 2012, the mortgage was assigned to U.S. Bank, National Association, as trustee for the certificate-holders of the Banc of America Funding Corporation 2008-FTI Trust, Mortgage Pass-Through Certificates, Series 2008-FTI (“Assignee #1”).1 Although the assignment provided that “Fleet National Bank . . . hereby assigns to [Assignee #1] all Assignor’s right, title and interest in and to the [Beedle] mortgage,” it was signed by an agent of Bank of America, N.A. (“BOA”), as Fleet’s successor by merger. The signature for the assignor reads “Bank of America, N.A. SBM to Fleet National Bank.” The names of the first assignee and the plaintiff, U.S. Bank, are strikingly similar. For clarity, 1 we refer to the first assignee as “Assignee #1.” 3 [¶4] Julie and Duane Beedle divorced in 2012. On April 13, 2014, Duane Beedle executed a “Home Affordable Modification Agreement” to “amend and supplement” the note and the mortgage. Not long after, Duane Beedle stopped making mortgage payments and, in November 2016, the servicer of the mortgage sent Beedle a notice of default. Beedle did not cure the default, and U.S. Bank declared the entire principal amount outstanding. [¶5] A second assignment was executed on April 17, 2017, by which U.S. Bank claims that Assignee #1 assigned its interest in the mortgage to U.S. Bank.2 U.S. Bank commenced this action soon after.