Daisy Trust v. Wells Fargo Bank, N.a.

Summary

The Nevada Supreme Court affirmed summary judgment for Wells Fargo, holding that Freddie Mac's ownership of the loan was protected by the Federal Foreclosure Bar even though Freddie Mac was not the publicly recorded deed-of-trust beneficiary. The court also held that properly authenticated business records and employee declarations sufficiently established Freddie Mac's ownership and Wells Fargo's servicing relationship without requiring the actual servicing agreement or original promissory note. The court concluded that Daisy Trust acquired the property subject to the deed of trust.