YES YOU NEED IT AND NO IT ISN’T SIMPLE. NO SILVER BULLET: A SIMPLE TITLE REPORT AND THE NAME OF THE TRUST WON’T GET YOU VERY FAR. WE’D LOVE TO MAKE IT SIMPLER, BUT IF IT WERE THAT SIMPLE, THERE WOULDN’T BE ANY FORECLOSURES.
Why do I need the securitization search? BECAUSE IT WILL TELL YOU WHAT TO LOOK FOR WHEN YOU CHALLENGE THE PRETENDER LENDER. And you can’t do a proper securitization search without a careful analysis of title and the documents recorded. THAT is why you need both. Only the title analysis will show the actual breaks in the chain of title and reveal suspicious documents. Only the securitization search will show that the borrower signed a note but the lender received a bond. They are two different things.
TITLE REPORT: LIVINGLIES LOAN SPECIFIC TITLE REPORT, COPIES OF DOCUMENTS AND ANALYSIS
SECURITIZATION REPORT: LIVINGLIES LOAN SPECIFIC SECURITIZATION REPORT, COPIES OF DOCUMENTATION AND ANALYSIS
MEMBERSHIP SUBSCRIPTION WITH DISCOUNTS, TELECONFERENCES, AND NEWSLETTERS
- The TITLE REPORT will show all liens and other activity recorded in the county records of the property in which ONE property is located.
- The securitization report is a search per loan not per property. In most cases, multiple liens in your case would have been treated differently and require 3 separate searches. If you ordered a securitization search and completed the order then you received via your email notice that you did receive the securitization commentary and that we identified the trust claiming to have your loan (or one of them) in it.
- We can only confirm the claim and the data entered. That means we can only tell you that a Loan” is listed as amongst the assets of a specified pool. That doesn’t mean it is actually in that pool. In most cases, as we have expressed on the blog, the “loan” was never in the pool, never the subject of an assignment, indorsement, transfer or even transmittal of the obligation, note or mortgage. The only item sent, as far as we can determine, as an industry practice, was a spreadsheet with incomplete and frequently erroneous loan data to justify the sale of the receivable allegedly expected from the closing of the loan.
If you want us to dig deeper, we have the ability to find the “tapes” at the loan level where we frequently find that even a loan that has been the subject of a notice of default is still reported to the investors as fully performing, along with actual payment. If this is the case, then the loan is not in default or at least there is a question of fact as to who would be paying the obligation and why.
This goes to the point we repeatedly make on the blog — that the loan closing documents only tell PART of the story. You signed a note, but the lender got a bond (the bond is the rest of the story). You agreed to pay an obligation to an entity that didn’t lend you any money because you didn’t know it was a table-funded loan. The investor accepted a mortgage bond promising payment from a newly created entity whose value was derived from the expectation of receivables from loans the pool did not own and cannot be corrected because (1) it is past the cutoff date and (2) the loan may well be in default before any such corrective assignment or indorsement is made, which violates the terms of the securitization documents which carefully state that only performing loans are allowed into the pool.
If you wish additional consultation with me or one of our experts, you may arrange to do so. But a search service and is not intended to provide anyone with open access for advice, consultation or strategy sessions. The conflict between the reports of the “lenders” is part of your case. See a licensed attorney who understands securitization. Between these blog reports and the reports we gave you, he or she will know what to do next.
FOR CONSULTATION YOU NEED A LAWYER ON THE PHONE: Detail.bok
Filed under: foreclosure |
Could you tell me if I can find out through your securitization searches (since the banking system appears to be world wide) about a loan that has been taken out in Australia. Have friend in need of serious help. Thanks in anticipation. Lori
THE A MAN,
Another on my side of the fence. Another on my side of the fence. Big Banks that are too big to fail is nothing but Government intervention to formulate another crime scene. This punish the guilty and protect the real crooks who reside in the Banks,
Wall Street and on Capital Hill. These people are immoral and are not patriots. But are defined treasonous traders of USA. They need to be put out business, removed from office, and thrown in jail.
18. In conducting a reverse repurchase transfer for consideration only then are the parties allowed to excite a controlled sale deemed in reality a liquidation of assets as a solution to the current problem affecting investors at odds with homeowners.
19. Compelling a sale under a reverse purchase valuation and understanding woefully violates the plaintiff’s terms and conditions for which he bargains for. By rigged bid under a debt collector’s efforts and Federal Jurisdiction of the Fair debt Collections Practices they reestablished valuation set forth determinate by recompilation of the individual and collective assets values pursuant to receiver’s instructions set forth under a subrogation claims.
20. Plaintiff alleges the subrogation claims are offered by indispensible parties tied to a government relief and stimulus program authored by the United States Secretary of the Treasury. In subrogation and under receivers instructions are Secretary’s desired intent is in contradiction to the desires of the Congress and United States Senate who remain ignorant of the true purpose and scope for the meaning and intentions set forth under TARP
21. The subsequent receivership mandates reverse repurchases of subject properties such as the Plaintiffs through liquidation of assets by the receivership which involves among other things having taken a charge against earnings thereby making the asset the (i.) lost to the parties, or (ii.) requires reestablishing values and (iii.) that the receiver be compelled by the courts to rely solely on a judicial process where upon the plaintiff will defend title against these and other material misrepresentations for which the parties seeking to foreclose.
msoliman
expert.witness@live.com
too big to fail is totalitarianism. so call it nazis call it stalin communism, Anarchy call it whatever you want.
when an entity like the big banks is allowed to break every rule in the book. And is in effect allowed to do it by the Judicial system in the United States If we learn from history it does not look good for the United states of America
neidermeyer thanks for the article and good luck
May be someone in Arizona can raise some additional moral issues!!!!
Thursday Strategic-Edge Business Alliance Breakfast: “The Morality of ‘Walking Away’ from a Mortgage” debate
Powell Gammill
Date: 09-05-2010
Subject: Events: Arizona
Strategic Edge Business Alliance
Breakfast Presents
This is the final Strategic Edge Business Alliance breakfast. After ten years Pat Schwinn calls it quits, or at least goes on a very lengthy vacation. So don’t missing saying goodbye to all of your friends, and newbies don’t be afraid to come and see what you have missed.
What: “The Morality of ‘Walking Away’ from a Mortgage”, with ASU’s Dr. Marianne Jennings vs. Scottsdale Attorney, Don Loeb, Esq.
Open to the Public. Please Bring guests!
When: 8:00 A.M., Thursday, September 9th, 2010
Where:
Jim’s Coney Island Cafe
Meeting Room
1750 N. Scottsdale Rd. (map)
(Just North of the 202 on the West side of Scottsdale Rd., South of McKellips)
Tempe, AZ
Who: Pat Schwind, host
(480) 250-8182
“THE A MAN”
Here is a link to a Mises article on economies under various fascist regimes … http://mises.org/daily/1935 I don’t see the connection you make between the National Scialist Party of 1930’s/40’s Germany and the current situation with the banks (meaning the “too big to fail” Wall Street investment banks). You might want to get a copy of “The Vampire Economy” .
Neil ,
I know my loan info as to what trust it was supposedly in, it’s listed and I have the prospectus , PSA and the initial quarterly reports ,, however I don’t believe the trust ever truly existed (despite the quarterlies) .. How will this search help me assuming that Wells Fargo just created a “virtual” trust (as they were vertically integrated and handled the servicing also) … what could this report show me and in simple terms how can that help me?
P.S. My exact loan amount $$$ is nowhere to be found in the listings of loans in the trust.
Thanks A Million
Does your securitization report also include loans which involve GSE’s? Or are those entities too opaque for effective securitization reports?
THANK G-D WE HAVE PEOPLE LIKE NEIL GARFIELD AND COMPANY. MAY G-D GIVE YOU A LONG AND HEALTHY LIFE.
THE BIG BANKS ARE BEHAVING LIKE NAZIS WITH THE HELP OF THE UNITED STATES GOVERNMENT AND JUDICIAL SYSTEM.
THAT IS WHY THE SECURITIZATION REPORT IS NOT A SILVER BULLET.
BOTTOM LINE.