Angela Brock borrowed $544,000 and signed a note payable to Amerifund Mortgage Services, LLC, to buy a house in Silver Spring, Maryland. The note was endorsed in blank and transferred several times "without recourse" before Brock fell behind on the payments. On behalf of Deutsche Bank National Trust Co., BAC Home Loans Servicing LP initiated foreclosure. Brock filed an action in a Maryland state court to block it, arguing that BAC could not foreclose because Deutsche Bank, not BAC, owned the note. Can BAC enforce the note

BAC does not have the right to enforce this foreclosure action against Angela Brock. The loan was not properly transferred, based on the blank indorsements and the number of them that existed on this note. This was a very complex case, which Angela had to appeal in order to win her case. According to the ruling at the Appeals Court, the focus was placed on the rights of BAC. It is clearly established that BAC was a non holder of the note, but the subsequent transfers and blank indorsements did not show the rights to enforce the note were included in the sales. Therefore, while BAC was the nonholder of the note, the company had no right to enforce the foreclosure action against Angela Brock

d

Explanation:

Asset allocation involves dividing an investment portfolio among different asset categories, such as stocks, bonds, and cash. The process of determining which mix of assets to hold in your portfolio is a very personal one. The asset allocation that works best for you at any given point in your life will depend largely on your time horizon and your ability to tolerate risk.

Risk tolerance is your ability and willingness to lose some or all of your original investment in exchange for greater potential returns. An aggressive investor, or one with a high-risk tolerance, is more likely to risk losing money in order to get better results . Stocks have historically had the greatest risk and highest returns among the three major asset categories.

As an asset category, stocks are a portfolio’s “heavy hitter,” offering the greatest potential for growth. Stocks hit home runs, but also strike out. let’s say you determined that stock investments should represent 60% of your portfolio. But after a recent stock market increase, stock investments represent 80% of your portfolio. You’ll need to either sell some of your stock investments or purchase investments from an under-weighted asset category in order to reestablish your original asset allocation mix.