IS MY LOAN SECURITIZED? $39 SPECIAL CLICK HERE CLICK HERE TO WATCH FREE INTRO TO LAWYER DVD ORDER LAWYER CLE DVD SET FULL DAY SEMINAR ORDER DOWNLOAD OF LAWYER\’s WORKBOOK START HERE: LIVINGLIES LOAN SPECIFIC LUMINAQ TITLE SEARCH WITHOUT COMMENTARY $199 SUBSCRIBING MEMBERS RECEIVE $20 STORE CREDIT ON TITLE SEARCH WITHOUT COMMENTARY 7 DAY PROMOTION [...]
EDITOR’S COMMENT: Here is an interesting comment from Scott Baker — someone who “has no dog in the race.” They paid off their mortgage. The point here is that Lenders knew exactly who their customer was, but the borrowers never did. In a “free” marketplace, this choice was taken out of the hands of the [...]
EDITOR’S NOTE: Lest people think I invented this whole field of law just because I’m loudest about it, here is a post from Max Gardner, who only a few days after I started this blog had already figured out everything I had figured out and was already doing something about it. Max Gardner’s Top Reasons [...]
AND THEY ARE GOING OUT STEADILY. CHECK YOUR “JUNK” EMAIL FOLDERS. Kudos to Dan Edstrom who streamlined the process for the commentaries. The process turned out to be far more complex than we realized when we started. THANKS FOR STICKING WITH US AND SUPPORTING THIS EFFORT!! CLICK HERE –> if-you-subscribed-to-the-special-offer-at-149 Filed under: foreclosure
EDITOR’S NOTE: FACTUAL CONSTIPATION is our current state of reality. It is the universal strategy across the board from Wall Street, the pretender lenders, servicers, and all other intermediaries in the gross illusion known as “securitization” of debt. We can’t get the information in court from Judges who can’t or won’t allow the inquiry, we [...]
And an upcoming book too which I can’t wait to buy and read. I have always believed that quiet title actions are the key to this whole mess — basic black letter law applied fairly and consistently with the law of contracts, the law of property, and the recording laws of each state. It helps [...]
Editor’s Note: This proposal would reveal what really happened during the lead-up to the mortgage meltdown. The receiver would first take an objective inventory of what AIG (with taxpayer dollars) paid and track the actual transactions instead of REPORTS of the transactions. It would reveal the theme for this week, which is that the loans [...]
This week we are examining the consequences of the proposition that the entire securitization chain is in fact a fabrication. I have likened the situation to a trust, interestingly enough, that has never been funded. The intent to fund the trust does not justify treating the asset as owned by the trust. The intent to [...]
Many questions are coming after yesterday’s post. The main point is that there is no paper trail because nobody wanted it. Up at the top of the “securitization chain” fabricated by the securitization documents, nobody was checking loans at the level of actually looking at the loan documents, so they never asked for the loan [...]
Well you have to give credit to Sheila Baer> She gets it. Here she is going after the IndyMac executives for making loans to developers that they knew would not be repaid. It is the first time that an important agency has recognized the link between the malfeasance of the originating lenders, the securitization intermediaries [...]
6.29.10Bank-of-New-York-v-Michael-Raftogainis[1] Judge Todd also stated that additional discovery is to be produced when the foreclosure involves a securitization, lost note claims, or a holder in due course challenge (which may arise in the context of the purported assignment of a toxic loan to a securitized trust prior to the trustee of that trust instituting a [...]
NOTE: Working on one of my expert declarations I figured I would share my computations with the readers. In order to protect privacy I am deleting any identifying information. In this case there was a $1 billion offering of non-certificated mortgage backed securities, which is a fancy way of saying there was no certificate, just [...]
More and more states are following the example set by the federal government in requiring mediation or modification attempts before going forward with litigation. We think that is a good idea in theory, but without the teeth that is in the enabling rules and statutes in Florida, you are just going to end up playing [...]
All I can is you MUST read this. It explains better than I have done the relevancy of transfers within the structure of securitization of a residential mortgage loan. Gingo attended my seminar and took it from there. He ran with the ball and he’s heading down field to a touchdown. 5 27 10 First [...]
Interesting Post from Anna: Editor’s Note: As I have repeatedly said unless the pretender lender volunteers, NOTHING stops a foreclosure other than an Order signed by a Judge in a Court of competent jurisdiction, which includes the automatic stay relief afforded by filing a petition for debtor relief in Chapter 7, 11 or 13 Bankruptcy. [...]
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