LIVINGLIES-LUMINAQ CHART GOES INTO CONGRESSIONAL RECORD: DAN EDSTROM EXPLAINS IT IN UPCOMING SEMINAR

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Last 2010 Workshop: December 11 Sacremento CA 50 Seat Maximum Register NOW!!!

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If you want to know why Dan Edstrom is our senior Analyst and why he is leading the workshop on Saturday, just look at the chart which is now in the congressional record and has been referred to in numerous news outlets on TV, Radio, Cable, and the Internet. He is just the best analyst around who has put everything on one page. Amazing effort. And Jon Lindemen and the other presenters will show you what to do with this document, the title search and analysis and the securitization search and analysis. You’ll also get a sneak preview of our new Truth in Lending Compliance Review which includes the effect of breaks in the chain of title, table funded loans, predatory loans and supposedly securitized receivables.

Dan’s Chart is meant to be used as a poster. You can upload it to a printing service for use in court. But without knowing what you are talking about, it’s just a pretty poster. You need an expert to take the Court through the relevant steps depicted on the Exclusive Proprietary Chart. Be aware that this is published only be permission from Dan Edstrom whose copyright is secure. You may not use it without his express permission. There are fees for production of the chart and testimony or an expert witness declaration. A good lawyer with high powers of concetration, using this poster, using the DVD for Lawyers on the store and the download workbook for attorneys will, with the help of an expert, be able to make an impressive presentation that is likely to produce real results.

COMBO ANALYSIS TITLE AND SECURITIZATION
TITLE ANALYSIS
BLOG SUBSCRIPTION TELECONF AND NEWSLETTER
MEMBER COMBO SEARCH – SUBSCRIBERS
ATTORNEY WORKBOOK DOWNLOAD 600+ PAGES
MONTHLY DONATION TO LIVINGLIES
MEMBER TITLE SEARCH & ANALYSIS – SUBSCRIBERS
DVD LAWYERS ONE DAY CLE SEMINAR
EXPERT DECLARATION MEMBERS – SUBSCRIBERS

15 Responses

  1. Another note- if you search Goldbeck, McKeever McCafferty, the Pa. law firm being sued for using nonlawyers to generate “legal fees” in foreclosure proceedings, it is a must read, the blog posts didn’t go far enough. I am in Pa, have dealt with GMM, and it is a godsend. Case law and all. Read it, the other foreclosure mills will all soon be facing the same scrutiny. Also, is there any similar action against Moss, Codillis, Swiarowski(sp)? for past violations?

  2. Kudos to Dan Edstrom- great job on the flow chart Dan- how do I get a full-size copy? You answered a few of my queries in the last year, hopefully you can answer this one. Regards, Ian

  3. Dan, excellent chart…..after looking at it I find that there is NO WAY that my DOT can make claim that the Originator (XYZ Mortgage) transferred it directly to DNBT where it magically became an ABS…..I’ve asked this question before, hope you can help.

    Does a sale occur (money exchanged) with each step / transfer of the DOT through the securitizion process. I’ve also found out that the Note was never transferred to the trust…..it stayed “in-house”.

    Gary H

  4. Yeah Dan, thanks! Sorry I couldn’t be there. But court awaits this week. I will be sharing my experience. I hesitate to say more because I still can’t believe my opponents would do and say what they have. I know that confidence is a good thing, but when your opponent hasn’t one true fact in a pleading, one gets a bit giddy. We shall see if I am still smiling!
    A personal recommendation to all of you that have not; Contact Dan Edstrom. The work he does unravels the gordian knot.

  5. Great work Dan! Kinda makes my brain hurt to look at it 🙂
    We are in discovery now…anticipating just objections from Plaintiff. However the Judge has set a meeting to ask us some questions! This happened in response to our Objection to A Magistrates Decision… So far it appears that I am receiving Due Process.

  6. FL Judge Orders “YouTube Depositions” From Nationwide Title Clearing Taken Down, ACLU Strikes Back!

    http://stopforeclosurefraud.com/2010/12/10/fl-judge-orders-youtube-depositions-from-nationwide-title-clearing-taken-down-aclu-fights-back/

    GO TO YOU TUBE LINK and SAVE PArt 1 of 3 to your computer for future use; for Prose education to take Depo for same matters;

  7. Hi Dan

    Yes – agree – courts and borrowers only see the accounts servicers keep for individual borrowers. The Collection and Distribution accounts, as required by PSA for servicer and trustee respectively, must match. And, must include accounting for all payments, advances, prepayments, insurance, etc. etc. If servicer is short any obligation of transfer of monies to the trustee — servicer, in many cases, can be held accountable for interest.

    Since these so-called trusts have been clearly in default (with swaps paid) — it is apparent that the servicer has not been able to meet obligations to the trustee for distributions to “certificate holders” — which are the security underwriters. Thus, does not appear any “payments” are being remitted to any trustees— at least not in accordance with PSA requirements.

    Therefore, when court grants a foreclosure to a trustee – on behalf ABC Trust — the proceeds will NOT pass through the Trustee. First of all, foreclosure proceeds are not current anyway, and second of all– even any current payments are not any longer being passed to trustee because Servicer has already failed to live up to terms of PSA by being unable to remit required payments to trustee — due to massive non-performing loans. And, servicer determines when to stop advancing payments on delinquencies. In order for loan to stay in trust – and trust to stay alive– servicer must advance all payments — this is impossible. So who is trustee, as plaintiff, really collecting for?? Or does trustee even now they are the named plaintiff?? In your opinion, Dan???

    Thanks again for all that you have done.

  8. Thank you everyone.

    Anonymous: The PSA says(mine and some others):

    The servicer will keep track of advances on a loan-by-loan basis in a SEPARATE ACCOUNTING …

    This is a 2nd set of books. This is not the borrower accounting that the servicers report to the courts and it is not the loan level files. I believe the loan level files are a 3rd accounting. And as you stated the Trustee has another accounting. Lawyers and pro se are getting the run around on discovery. This is in almost every case I have seen. Jon B. Lindeman Jr. is an attorney from Florida and will be directly addressing discovery and how to get it.

    Thank you,
    Dan Edstrom
    dmedstrom “@” hotmail.com

  9. YOU’RE PUTING EFFORT AND FAITH INTO THE SAME ‘LAMEDUCK’ CONGRESS THAT VIOLATES THE CONSTITUTION LIKE IT’S A TO-DO LIST? AH MAN, I’M NOT EVEN GOING TO SAY ANYTHING ABOUT THIS ONE.

  10. I think a few judges need to go. just like when their is a new epidemic doctors take courses or seminars. Judges need to educate themselves.

    Food for thought

  11. Dan’s chart is great – and I have told him that his media presentation is also great.

    One missing piece is the original Mortgage Schedule. Loan “pool” must be allocated to ALL tranches in the stated trust. And, trustees must maintain ledgers for all collection from servicer as mandated by the PSA. Loans cannot be reported in some tranches — but not ALL tranches. Loans must be in ALL tranches.

    However, servicers can report a loan to be in trust tranche — at whim. Servicers can do this AFTER – loan has been repurchased/sold/removed for default, from trust.. Servicers can do whatever they want — Servicers are in control. They can manipulate all records to support a fraudulent foreclosure claim.

    In addition, according to PSAs, servicer must not only remit current payments to trustee (and trustee must record in collection/remittance ledger) — servicers must report all advances to trustee for any non-performing loans. Trustee must retain ledger for all current and default payment advances.

    Without this ledger — no one can demonstrate that the trust/trustee is still the party collecting payments and is entitled to foreclose. WE NEED THESE LEDGERS. Nothing can be shown to courts without them. Both servicers and trustees maintain these ledgers.

    And, FED RES states trustees/trusts are not the creditor anyway — but can show this by the ledgers — NEED THE DARN LEDGERS. Servicers MUST advance delinquent payments —- but, servicers can cease advancing whenever they choose — and can report on distribution reports – as to schedules — whatever they please — whether is valid or not.

    SERVICER FRAUD — DEMAND THOSE TRUSTEE LEDGERS/AFFIDAVITS of receipt of advances.

    Without this — you will continue to battle the antiquated “Holder” claim.

  12. I had the pleasure to speak with Dan he is a class act.
    I hope he is giving the right people the ammunition they need to continue this fight.

    Be Strong and Courageous
    I wish Neil Garfield the best of health.
    G-d Bless

  13. I saw it somewhere else. Maybe on consumerist.com

    Yeah, it was here:
    http://consumerist.com/2010/11/super-complicated-chart-of-how-a-mortgage-gets-securitized.html

  14. Dan’s chart IS most impressive. I first saw it at my attorney’s office. Good luck everyone on the workshop. Wish I could go, as I’m local, but I think my atty or his paralegal might be going, so I will still benefit.

  15. great job dan. you are the best

    Federal regulators took another beating on Capitol Hill this week for not getting ahead of problems in the mortgage servicing industry and not taking greater steps to stem foreclosures.

    At a House Judiciary Committee hearing on the foreclosure crisis — the fourth such hearing in Congress since the robo-signing scandal came to light — lawmakers from both parties voiced disappointment and frustration, challenging claims that the situation is improving.

    “You are saying that you see some progress, and I must be very honest with you: those of us who work very closely with this just don’t see the progress,” Rep. Maxine Waters, D-Calif., said to Phyllis Caldwell, the Treasury Department’s chief of homeownership preservation, who testified at the hearing.

    http://www.scribd.com/doc/44927748/Mortgage-Servicing-News-Regulators-Slammed-by-Elected-Officials-on-Foreclosure-Mess

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