Analyzed and Presented by Charles Koppa, MORTGAGE AUTOPSIES
There are 131 pages within links at the bottom for Maiden Lane Disclosures (a year later). They give ONLY NAMES of nearly 800 underlying Securities Trusts with NO NAMES/LINKS to the original Grantors in the Deed of Trust for underlying “toxic mortgages” which attach real estate collateral that allowed securitization for each CUSIP. That information remains in the hands of third party loan servicers and third party bond servicers.
BEST THEORY: The Borrowers Loan Default triggers but one element within the Creditor/Depositor’s Security Trust Account. NOD and NOTS are filed in the loan servicer’s behalf, concealing the final Beneficial Trust. With help of MERS, they Assign these “rights” to a new “holder” without borrower approval or knowledge, as part of a process of Substitution of Trustee (to their “friends”?). The three collude against the Homeowner and mutually determine which “sub-trust” should receive the untitled transfer via an unlawful Trustees Deed Upon Sale (TDOS). Unlawful because the Back to Beneficiary process in a Trustees Auction does not meet the requirements of a Bona Fide Purchaser (BFP), especially when IT predatorily devalues the property by an unconscionable 20-25% below realty comps on the DATE OF AUCTION! Worse, such “sub-trust” cannot deliver a “real person” to a Jury Trial for recovery, because IT is simply a bookkeeping task managed by a DIFFERENT Trustee on in the chain of heritage of a top Wall Street Bank Holding Company!
Every property needs a scorecard to track dozens of middlemen between the loan debtor and the true creditor. We are witnessing massive Foreclosure TYRANNY and a generational transfer of wealth without an audit trail…
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, expert witness, foreclosure, GTC | Honor, HERS, Investor, Mortgage, securities fraud, Servicer | Tagged: Assign, audit trail, Back to Beneficiary process, Bona Fide Purchaser (BFP, Borrowers Loan Default, Creditor/Depositor's Security Trust Account, DATE OF AUCTION, discovery, final Beneficial Trust, Grantors in the Deed of Trust, HERS, HOLDER, Maiden Lane Disclosures, MERS, NOD, NOTS, Securities Trusts, sub-trust, Substitution of Trustee, TDOS, third party bond servicer, third party loan servicer, transfer of wealth, triggers, Trustees Auction, Trustees Deed Upon Sale (TDOS), unlawful Trustees, unlawful Trustees Deed Upon Sale (TDOS), untitled transfer | 17 Comments »