Dan Edstrom and Professor Catherine Porter on SCPR.org 1:40pm Pacific 3:40PM Eastern TODAY!

Professor Catherine Porter from Harvard University did the seminal 2007 study on foreclosure documentation while she was at the University of Iowa. Her study can be found on this blog. In that study she found that out of several thousands cases, the “note” was reported lost or destroyed by the pretender lenders. It was this finding that led me and others to our further investigations which revealed that the the problem with documentation was deeper and more widespread than anyone could have realized.

Dan Edstrom is the Senior Securitization Analyst for LUMINAQ, Livinglies, and DTC Systems. It was his investigation and analysis that revealed numerous discrepancies between the representations made by pretender lenders and the facts being reported to investors. Those discrepancies allowed us to conclude that the true facts of each obligation, note and mortgage (or deed of trust) were at substantial variance from the recitals on those documents and the representations made by Trustees, counsel for pretender lenders and others.

17 Responses

  1. ALL NEW CENTURY VICTIMS (ALSO HOME123 ITS SUBSIDIARY)

    REMINDER: THEY ARE STILL IN ACTIVE BANKRUPTCY. SOME PRO SE’S HAVE NEGOTIATED CASH SETTLEMENTS WITH THE BKR TRUSTEE UPWARDS FROM 60-80k.

    IT IS NOT TOO LATE TO FILE YOUR B10 (PROOF OF CLAIM), MOTION TO ACCEPT LATE FILED POC AND, IF INCLINED, FILE AN AP OR ADVERSARY PROCEEDING.

    TIME IS OF ESSENCE. TALK TO YOUR LAWYER OR, AS A PRO SE, GET CRACKING.

    THERE ARE 10 OR MORE PRO SE’S FIGHTING UP THERE.

    THE NCM BANKRUPTCY TRUST STILL HAS CASH. SEVERAL MONTHS AGO THEY GAVE 125 MILLION IN CASH TO SETTLE WITH INVESTORS IN NEW CENTURY STOCK.

    WAMU PEOPLE CAN DO SAME SINCE WAMU IS IN BANKRUPTCY NOW.

    IF YOU ARE PRO SE AND NEED BASIC GUIDE TO GET STARTED EMAIL ME AT
    CARRA2009@GMAIL.COM

    POSTER IS NOT AN ATTORNEY AND NOT OFFERING LEGAL SERVICES OR ADVICE. ALWAYS CONSULT A COMPETENT ATTORNEY

  2. Thank you Dan for all your hard work! I can’t wait to see how the Affidavit and Expert Witness Testimony helps my case! Charles Koppa, too! He did a lot of work and I know it will help my case! Keep up the great work!

  3. And then there is that issue of assigning a defaulted loan INTO a CLOSED ‘pool’.

    It is so ridiculous. They just keep doing this crap even though they KNOW we are catching on. They just can not resist that free house THEY are getting!

    Isn’t that the REAL rub? We are accused of being after a ‘free’ house, yet thanks to all THEIR kin-niving, they set things up so there is the hidden insurance that has paid the house off (unless they ALSO ripped the investors off) and they are now poised to collect on their final ‘freebie’, the house itself! The con artists!

  4. kickboxer,

    Also, SELF-SERVING assignments are in VOGUE. If the debt collect’s or servicer’s personnel do an assignment to the ‘pool’ trustee, that is a SELF-SERVING assignment, since it assigns to their ‘boss’.

  5. I went to public records and picked up a copy of the assignment from MERS to the servicer. My husband started googling documents in the name of the alleged “Assistant Secretary” that signed the assignment. Found quite a few documents and compared the signatures. The signatures are all different. You would think that after all the attention about robo signers that the banks would have stopped using them already. Nope. Robo signing is alive and well in non judicial states.

  6. Great great work. I’m happy

  7. check this out

    The lead Attorney General for the 50-state foreclosure investigation, Iowa’s Tom Miller, said “We will put people in jail,” in response to questions

    http://showdowninamerica.org/aginvestigation

  8. thank you leapfrog

  9. It all boils down to Broken Chain of Title and Comingling of funds.

    Thank You Dan Edstrom.
    Thank you Neil Garfield.

    We need to ask those who have been paying their so called mortgages to demand an accounting.

    Leapfrog why do you think the banks is sensitive about where the note is?

    They allegedly broke chain of title So they can commit the ALEGED Ponzi Scheme. SELL THE SAME LOAN MULTIPLE TIMES TO MULTIPLE INVESTORS AND ALSO HIDE THE TRUE RATING OF THE BORROWER.

    NEVER AGAIN

  10. […] Dan Edstrom and Professor Catherine Porter on SCPR.org 1:40pm Pacific 3:40PM Eastern TODAY!   Tags: corruption Posted in: […]

  11. where is the URL ?

  12. It’s over. 20 minutes.

  13. It’s on live now, Dan is up

  14. Neil, we have a problem. 1:40 Pacific is not 3:40 Eastern.

    Which time is correct? Will there be any replay?

  15. How dare ANY of you ask the bank where the note is! That will cost you, at the very least, a ding in your credit score just for asking – because really, its none of your business…at least according to BAC.

    http://www.ritholtz.com/blog/2010/12/note-bac-credit-score/

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