Anderson & Gustafson v. Commissioner

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that under Washington law, one may be the “person in possession’’ of the deed of trust note and therefore a “holder,” either physically or through an agent
• using Black’s Law Dictionary to define the term “secured,” giving it its legal meaning as it is a “familiar legal term”
• using Black’s Law Dictionary to define the “familiar legal term” “secured”
• investor has no interest in underlying mortgages and deeds of trust and is not a beneficiary of those instruments
• investor has no interestin underlying mortgagesand deeds oftrust and is nota beneficiary ofthose instruments
• “The secondary market buyer acquires the right to receive the borrower’s principal and interest payments on the home loan and also the right to foreclose on the home if the borrower fails to make timely payments.”

Source: CourtListener parenthetical corpus (CC0).