Foreclosure Defense Help | Stop Foreclosure Process
MSI – Securitization Audit
Mortgage Scene Investigation (MSI) – Securitization Audit
You’ve heard of CSI (Crime Scene Investigation)?
Well, you should know about a new type of investigation called a MSI (Mortgage Scene Investigation) Securitization Audit … it’s a powerful process to defend yourself and your home before, during or after Foreclosure.
But that’s putting it mildly.
Because … when performed properly, a MSI Securitization Audit can turn the tables on your mortgage lender and have them eating out of the palm of your hand! Read on to discover how.
Here’s what you’ll learn on this page:
- Securitization Audits: Why banks hate them … How they work … and How it could be your saving grace …
- How the Banks went from “Cocky to Sloppy”
- And how you can take FULL LEGAL ADVANTAGE of their sloppiness to stop them from taking your home (actually, a judge will stop them for you!) …
- What to look for in a Securitization Audit service — and which ones you should avoid like the plague (and why) …
- And much, much more
If you are on the verge of losing your home to foreclosure, the information revealed here could literally save your ass (and your home) …
Why Banks Hate Securitization Audits:
The short answer is because Securitization Audits blatantly expose their fraud… the fraud they are committing by trying to foreclose on securitized mortgages.
A securitized mortgage is one that has been pooled together with a bunch of others and sold to investors. Over 85% of loans in the last 10 years have been securitized. And once a mortgage has been securitized, the bank no longer holds the title to the loan. And when they do not hold title, they cannot legally foreclose.
And it’s the Securitization Audit process that exposes and proves this fraud.
The resulting documentation takes the bank off its “high horse” and exposes their misconduct in front of a judge, giving YOU the upper hand in court!
That’s why the banks hate them (and why we love them!)
CSI (Crime Scene Investigation) Vs. MSI (Mortgage Scene Investigation)
First, let me clarify that we at Consumer Defense Programs have coined and copyrighted the term MSI (Mortgage Scene Investigation) Securitization Audit.
Why? Because of the strong similarities between investigating a crime scene and the scene of today’s rampant mortgage fraud.
Just like in a CSI investigation where the investigators extract fingerprints, DNA and other incriminating evidence, a Securitization Auditor collects and disseminates incriminating evidence concerning your mortgage using documents that have been filed and recorded concerning that mortgage, analyzing signatures, dates, time stamps and a myriad of other items to find fraud that has been conducted by your lender, as well as items of information that should have been disclosed to you during your loan about your loan.
How Do Securitization Audits Work?
A Securitization Audit is an audit done by a third party researcher who scours through various publicly available resources (such as EDGAR: an SEC database) to find proof that your loan was securitized (meaning your loan was pooled with other loans and sold to investors).
Often, a well trained auditor can pinpoint the actual location of your loan among hundreds of thousands of investments. This is tedious and grueling work, as they have to literally find a needle in a haystack of a few thousand loans.
What a Securitization Auditor would provide you at the end of a Securitization Audit
is a multi page document and an affidavit that is admissible in court as evidence. The document will show whether your loan was securitized and in some cases what investor pool your loan is in, or what Trust it belongs to.
Since this information is publicly available through the SEC, the affidavit is a simple statement of fact (given with firsthand knowledge) that your loan has been securitized.
Other things the auditor will look at are recorded documents such as a Mortgage Assignment, Substitution of Trustee, Notice of Trustee sale and other recorded documents and investigate those who signed those documents.
Looking for an Affordable Attorney that specializes in Foreclosure Defense who can work on a Payment Plan? Click Here for more info.
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How Banks Went From Cocky to Sloppy
And What it Means to You & Your Home
One of the boldest moves in banking history occurred only in the past few years. Actually, it’s a series of decisions that shows just how cocky the banks are. Here’s what I mean…
First, the banks decided to pool individual mortgages together into one big investment. Then, they decided to sell these groups of mortgages to groups of investors (also known as the “Securitization process”).
And when many of the homeowners became cash-strapped and could no longer pay their mortgages, the bank had to audacity to try to foreclose on these homes. Essentially, the banks are trying to GET PAID AGAIN on the loans they had just sold to the investors. How? By coming after YOU through the foreclosure process.
It’s unjust, illegal, and downright fraudulent.
But you can bet your bottom dollar that the banks are trying to use their muscle in Washington to let this all slide under the radar … while you – the struggling homeowner – pay for their misconduct!
Here’s where it gets really good for YOU …
As if this incredible power-hungry greed wasn’t enough to aim the Karmic missiles at themselves … the banks started getting sloppy …
How the Banks Started Digging Their Own Graves:
With foreclosures are a record high, the banks began getting overwhelmed with foreclosure paperwork. And many have resorted to forging the signatures of Bank personnel in order to foreclose on homes!
With thousands of these “robo-signatures” in their database, a Securitization Auditor can determine if an actual bank employee signed the documents or simply an unauthentic “robo-signer.”
These false signatures and the attempt to foreclose on your securitized loan present you with a massive opportunity to legally avoid foreclosure and save your home by taking your lender to court.
However, as a Plaintiff in a civil action against your lender, you bear the burden of proof to show fraud conducted by the lender. An MSI Securitization Audit can be a great way to do just that.
If you can not/do not bring sufficient evidence before the court in your case, then it is subject to dismissal. Sadly, most of cases where the Plaintiff represents him/herself are dismissed before they see the light of day. The bank would rather have your case dismissed rather than be forced to admit their fraud in court.
But when you walk into the courtroom with stacks of expert-derived evidence in your arms … evidence that shows the bank’s blatant misconduct, it instantly knocks the bank off its pedestal and puts the power in YOUR HANDS.
Back Your Securitization Audit
with a company whose senior auditor/expert has over 25 Years of Trusted Expertise
Here at Consumer Defense Programs, we’ve aligned ourselves with some of the best Securitzation Experts in the Country.
How do we know? With over 30 years experience as a Mortgage Banker, and with many other auditors coming from the Banking Industry, many of the top Foreclosure Attorneys in the United States get their audits from them.
Many auditors are making promises to deliver a Securitization Audit in lest than a few days. Those auditors are most likely frauds and should be avoided. A good audit that can be used in court can take as many as 20 man hours to complete. Many companies trying to get into this new wave of service use a software that does the audit and is so bad that rarely will you get it admitted as evidence.
We have found a company who can perform a legitimate, hands-on Securitization Audit for only $1,795. Most importantly, the firm has experts appeared many times as an expert witness in Court and who fully understand Court Room Procedures. That’s why you want these guy’s in your corner, performing your Securitization Audit.
NOTE: If you are or become a member of the Foreclosure Defense Memership Program, you save $300 off the regular price.
Most Attorneys’ charge between, $2000 and $4000 for the same service. But many attorneys are not fully qualified to perform excellence in this new area of law.
When done properly, banks absolutely HATE these Securitization Audits! And if they HATE it, we want it.
Remember, your case must be as strong as possible. With a legitimate Seuritization Audit backed by a strong case, the bank “taps out” because they know they have little chance of winning.
A well done audit can take as long as 8 weeks or more to do depending on how busy the auditor is. For most audit firms Average Delivery time can be 4 to 6 weeks and up to 6 to 8 weeks for delivery. Here’s why …
An enormous demand for these audits and a huge lack of experienced auditors is making it harder and harder to deliver these audits in less than a month. The audits provided by our Experts are some of the most complete audits in the Country, and that is the reason everyone wants audits completed by these Experts. We have now aligned with multiple examiners and future delivery times should average 3 to 4 weeks. (Some Audits can take longer depending on the number of documents in the File).
Rush Service available, if needed:
If for some reason you have a court case and can prove that you need it due to a pending sale, we can expedite the process, however there is an extra charge to do that. We will not accept extra money because someone wants it done quicker. They must pay the additional fee and have a legal reason for needing it sooner than 6 to 8 weeks.
The Rush fee will Guarantee Delivery within 3 weeks, but the fee for that Rush is $ 200.00 of the total fee of the audit. The delivery time estimate is based on getting all needed documents in and the time clock starts when those documents are received not when the audit is paid for.
A Securitization Audit is different than a Forensic Audit.
While a Forensic Audit looks at faults and violations to do with RESPA and TILA accounting and disclosure requirements for your loan, a Securitization Audit discloses whether your loan has been securitized…and therefore is not owned by your “lender”. Our Auditors DO NOT Perform Forensic Audits, as they have very few teeth in them as opposed to securitization audits. They will do a transaction summary and review closing documents, but only list violations if they are found and it is not the full basis of the audit.
Don’t Be Fooled
Not all Securitization Auditors are alike. Frankly, there are many scammers out there. We’ve been taken by a few of them ourselves, having lost quite a bit of money. Legitimate Securitization Audits performed by qualified attorneys do not come cheap.
If you find one that will be charging you less than $ 1500.00 and promising to deliver in a week, then you should look elsewhere, as these scammers are marketing audits all over the internet.
IMPORTANT:
If you see a service offering Securitization Audits and they use the words “for informational and entertainment purposes only”, “Bloomberg”, or “Certified Loan Auditor”… turn and run because (unlike one from our auditors) their audit will most likely not be admissible in court.
Each audit supplied by one of our expert witness includes a resume’ of their experience, and name of the examiner writing the report.
With 32 years experience and expert witness appearances in hundreds of cases, one of our senior auditors can provide you with an audit that will make your Attorney smile from ear to ear when he sees what he has to present in the case.
The auditors that we use, did not get their experience by attending a 3 days seminar conducted by people who think they know the in’s and out’s of securitization auditing. The auditors that we use do not write their audits using a software program full of templates, or use a bloomberg software to find trusts. They go directly to the sources using their combined hundred years experience in the banking industry. Bloomberg is not as accurate in finding and locating loans in trusts as the companies using the software would lead you to believe.
THE AUDITORS THAT WE USE ARE ALL EX- BANK EXECUTIVES
That typically have over 20+ years of experience in the industry. Several of our auditors have actually been involved in the securitization process itself.
AS AN EXAMPLE, ONE OF THE AUDITORS WE USE PREVIOUSLY WORKED FOR ENCORE CREDIT CORPORATION.
He was one of the five founders in the formation of a nationwide wholesale mortgage lender with responsibility for coordination of a highly skilled and experienced team of mortgage professionals including, but not limited to: Corporate Services, information systems, policies and procedures, programs, licensing, compliance, underwriting, funding, services, warehousing, audit and secondary marketing, including securitization and trust reporting.
ANOTHER AUDITOR HAS WORKED FOR ECC CAPITAL,
the publicly traded REIT and parent company that managed thousands of securitized loans.
EACH OF OUR SECURITIZATION AUDITORS BOASTS A RESUME SIMILAR TO THESE TWO EXAMPLES.
Our auditors have worked in the banking industry for years and have valuable contacts that can only be obtained with this type of experience.
ADDITIONALLY, AND UNLIKE OTHER SECURITIZATION AUDIT COMPANIES, OUR SECURITIZATION AUDITORS DOES NOT USE A “BOILER PLATE” TEMPLATE.
Instead, our auditors initially hand write each audit and use their years of experience in the real estate industry to create a quality product that is worth its weight in gold in the courtroom.
The Senior Expert Auditor that we use has appeared as an Expert Witness in Hundreds of Court Cases, and his Audits have never been challenge in Court.
More Facts You Need To Know:
Attorneys and borrowers cannot offer substantive testimony in their own cases.
In other words, they cannot be their own experts. Our auditors specialize in highly qualified expert investigation, reporting, mediation and litigation support in the fight to win against foreclosure.
Securitization Audits: Loan servicers across the nation are under investigation by a multi state joint attorney general’s task force for processing questionable foreclosures using deceptive processes that may not be lawful.
For example, foreclosure related documents signed unlawfully, a chain of ownership that is unclear and faulty, underlying sales and transaction disclosure of a securitized loan not revealed in full and state consumer protection requirements have not been followed.
The auditors we use will expose defects, discrepancies and faults.
Their Securitization Audit investigations reveal foreclosure processes undertaken with inaccurate documents, conflicts of interest, faulty chains of title, failure to conduct mediations required by law and robo-signing; affidavits and other documents asserting claims without knowledge of the facts or confirming their accuracy, employees of foreclosure trustees signing documents posing as the corporate officer of multiple banks and mortgage servicers and signatures that vary widely from document to document. We expose reverse engineering the chain of title on foreclosure documents, including back dating to make it appear as though the loan was passed from company to company correctly.
The audit can also expose foreclosures where there is no clear chain of ownership for the loan or security interest.
Default notices that have gone out without all the required information, inaccurate documents, conflicts of interest, defective processes, misrepresentation and fraud. Such failures potentially injure not just homeowners denied the protections afforded to them under our laws but also subsequent purchasers of foreclosed properties, financial institutions who might be inclined to lend on such properties and the title insurance companies who insure the chain of title to those properties.
These audit firms have the capabilities to search thru millions of loans to try and find yours. If after all of this they still find it has not been securitized then you still benefit by not having to pay an attorney on a lost cause. You will get a full audit report telling you of their findings, and letting you know fighting it might be an uphill battle. It does not help you to fight to keep your home if the lender did everything right. It does not mean that if your loan was found not to be securitized you get a refund, as these audits can take 10 to 15 man hours of research to perform and time is money. However securitization is not the only thing to consider, as many of these lenders have forged or Robo-Signed many of the foreclosure documents. Many experts have stated they believe that over 85% of the loans written in between 2000 and 2007 had been securitized. It is rare that the audit does not uncover any wrong doing on behalf of your lender, but we do get back audits that shows that the lender did everything right, and at that point you will need to look at other defense tactics. But securitization may not be the only fraud uncovered, as many have come back as unsecuritized only to find major flaws in the foreclosure documents.
such as robo-signing, no substitution of trustee, no recorded assignment on an entity laying claim to the mortgage, Trustees issuing substitution of trustee documents on behalf of themselves, etc.
Here’s evidence from one of our members:
“All I can say is Wow!!
This is the best money I have spent so far. My Securitization Audit revealed many gold nuggets. I am so impressed with the detail, thoroughness of research and the extra mile that was performed to make sure that every detail was explored. I couldn’t be more pleased.”
This is the best money I have spent so far. My Securitization Audit revealed many gold nuggets. I am so impressed with the detail, thoroughness of research and the extra mile that was performed to make sure that every detail was explored. I couldn’t be more pleased.”
– Michelle Samples Knoxville, Tennessee
Please note, this price reflects a “per loan” basis.
To order a mortgage Securitization Audit, click on the Order button below. See Sample of Sample Securitization Audit.
Please understand the sample listed above is only a sample and may not be exactly what your audit looks like. Each loan and audit are individual based on lender and state laws and the number of documents audited.
Member Price $1495 (Order in Module 5).
This product can only be offered to members of Consumer Defense Programs:
Disclaimer:
Consumer Defense Programs does not conduct the audits. We use an independent approved vendor of highly qualified mortgage analysis experts that provide independent third party Securitization Audits to borrowers seeking to obtain evidence for use in court to fight foreclosure.
Consumer Defense Programs provides auditing services as an approved vendor in stages based upon needs at the time. The experts do not advocate for the borrowers as they are strictly a 3rd party conducting an analysis of documents for the homeowner. Neither Consumer Defense Programs nor the mortgage analysis experts provide legal or accounting advice. The reporting is more than informational; and a highly qualified expert is available for mediation and litigation support to qualified legal professionals.
We have set the price of our securitizations audits at the lowest possible price for the typical situation faced by the large majority of people. Other providers may charge you more for “potential services” even if you do not need them. We do not. In the rare case that your audit may require more additional work.
NEITHER CONSUMER DEFENSE PROGRAMS, TRISTAR MARKETING GROUP, OUR AUDITORS DO NOT PERFORM FORENSIC AUDITS OR OFFER LOAN MODIFICATION SERVICES.
P.S.
Don’t let your bank fraudulently foreclosure on your home. Fight back with our MSI Securitization Audit so you can expose the bank’s fraudulent actions against you and save your home! You’ll be glad you did, and your family will thank you.
P.P.S. To maximize your success at fighting your foreclosure, you need as much fire power as possible. That’s why we encourage you to join the Foreclosure Defense Membership Program.
To become a member, there’s a one-time investment of only $297 — and you can instantly take $300 OFF the investment in your MSI Securitization Audit (and other members-only discounts). Also as a member, you get numerous sample templates you can use as more evidence in addition to your MSI Securitization Audit. The audit alone is not nearly as powerful as having the coaching and tools to go along with it. So let us start you on your Mortgage Scene Investigation training and help you find the clues and evidence to fight back against your crooked lender.
Don’t just sit there and let the bank rob you of your home. Go ahead and join the Foreclosure Defense Membership Program then return to this page to get your MSI Securitization Audit for the discounted Member Price.
Comments are closed.
about 8 months ago
Also, Is a Forensic Audit Included in the Securitization Audit price??
about 8 months ago
No. A Forensic audit is a different audit.
about 8 months ago
I have some questions about the securitization audit and would like to talk to someone live, but I can not find a number to the one offered in this website. Is there a number I can call???
about 8 months ago
Please give Tom a call at: 541-844-1830
about 8 months ago
I think I need an audit done. We are WAMU/FDIC/JPMC and have mortgage sale completed with 5 months left redemption. No MERS in title and no assignments since WAMU. Do you accept payment plans with 1/3 down? This is regrding my parents home and I am paying out of my own pocket. Please advise…
about 8 months ago
Hi Kimmie
I will consult our auditor about your situation.
We can accept a payment plan..but full payment needs to be remitted upon delivery of the report. Otherwise, once the report is delivered…someone could just skip out on us…and we will have absolutely no recourse (not to suggest that you would, but we can not take the risk as we too have to pay a significant portion of the fee out of pocket)
about 8 months ago
Kimmie
My auditor responded by saying “we do not have sufficient information to answer your question”.
My recommendation is that you save your money and try to find evidence elsewhere.
My objective is to save you money and not sell you something that may not help you in the long run. I don’t feel comfortable with the risk.
Good luck.
about 9 months ago
I am very interested in joining your organization and getting a securitization audit. My loan was orginated by WAMU in 2003 and I feel quite sure that it was securitized but do not have proof. Now JP Morgan is the “servicer” and they have tried to foreclose several times and we stopped them first by requesting a modification (twice) and then by declaring bankruptcy, me first then my wife. They finally produced the original note and a blank affidavit. It is a matter of time and they will foreclose again, probably successfully this time unless we can do something else. We are working with a lawyer and he is learning about all of this. We have 2 questions: 1). How much extra will the affidavit cost and 2). Are they willing to travel here to be an expert witness? And if so, how much more would that cost? Thank you for all your help!
I have given the FD book out to many people. It is a great help and encouragement!
Buddy
about 8 months ago
Buddy
Thank you for your support.
I believe that the affidavit form is now offered as standard now. This page/info about the affidavit needs to be updated.
Please email us at info@consumerdefenseprograms.com if you have any further specific questions.
about 9 months ago
WHAT’S THE COST FOR SECURITIZATION
about 9 months ago
Frank
The fee is $1595 for a non-member and $1195 for a member.
Membership fee is currently $297.
about 9 months ago
Can you tell me litton loan servicing is one of the bad guys i refinaced in 2001 and my interest rate was different then what they told me and my deeds and papers are not in order
about 9 months ago
Bridgette
Almost every single one of them are guilty of recording false documents and robo-signing. We’ve yet to see one that is “clean”.
about 9 months ago
Vince, Thanks for your “handbook.” I paid $1,500 for a securitization 2 months ago, and was promised results in one week. The company claims to have discovered “robo-
signing” and “falsesified documents.” My 1003 residential loan application income was changed from $8,000 to $18,000 to justify a larger, toxic loan. There is no evidence of securitization, yet my loan was
made by First Federal Bank of California in October 24, 2005. The company in Sacramento, California wants another $2,400 to complete the securitization. Question: Pay this amount (the original contract was for $3,977), or go with your recommendation? Richard
about 9 months ago
Richard
You are being ripped off. That is an outrageous price. It seems unconscionable that these people are charging this much.
Good luck.
about 9 months ago
Regarding “Good Faith Letters” – we’ve just discovered your course, we are a few months away from a foreclosure date. We understand that the application process for a “Loan Modification” is a method to delay these proceedings.
Could/Would a Loan Modification Letter be viewed as a “Good Faith Letter.
about 9 months ago
Sheriff sale is set for 8/24/11 on my home. Want to save it from foreclosure by GMAC.
Financial situation is extremely challenging due to divorce/child support/wage garnishment and tax debt payments. You require up-front payment for this service…?
about 9 months ago
I just got back my securitization audit and it is wonderful. I have sent my last letter and will be ready to proceed legal matters
about 9 months ago
Hi Veronica – how long did it take for you to get your securitization audit?
Thanks!
about 9 months ago
I know that my loan is securitized. It was on the foreclosure pepers I was served. Do I need to to do an audit?
Thanks
about 9 months ago
The burden of proof is on the plaintiff. If you can prove that the loan has been securitized, then you may not need an audit….the idea is to come into the case with as much proof as possible to get the other side to tap out.
about 9 months ago
A couple of questions. Does the foreclosure defense program work on a 1st and 2nd mortgage situation? Are the law firms who advertise on your site lawyers who get it?
about 9 months ago
Great work on the book, I’m taking your word for it at this point, but must verify as you suggest moving forward. I’ve just looked at my recorded document “Deed of Trust”. On the page is written “California-single family-FannieMae/Freddie Mac UNIFORM INSTRUMENT WITH MERS”, it has MERS Deed of Trust-CA on every page (bottom left corner). Additionally, throughout the document it refers to the document as a “security instrument”.
With MERS being stated all over the document, after reading the book, I feel the loan has been securitized, would you agree?
Then it lists Recon Trust Company as the “Trustee” and MERS as the “Beneficiary” and is acting solely as as a nominee for CWB Mortgage Ventures. Can you explain this chain?
Thank you
about 9 months ago
Unfortunately, because you live in CA…there’s been an Appellate Court ruling in favor of MERS being able to assign their interest.
However, there are lot’s of other ways in which you can argue that MERS does not have the ability to convey title. Look under Carpenter v Longan in Google. This is a US Supreme Court ruling.
MERS is put in place as an alternative to a hundred + yr tradition and requirement for parties to register their interest in real property in the County’s registry. Now they are trying to argue that their recording and assignment are legal and deserve the protection of the law.
about 10 months ago
Where can I find the SEC code, that the promissory note can’t be a loan and a stock at the same time
about 10 months ago
Hi Vince,
I want to Congratulate you on your website and instructional book. You have provided a true service to the public which has suffered long enough at the hands of unscrupulous lenders. Many of your readers have picked up on the issues facing MERS mortgages. The fact is that there is much more to understand about this shady corporation. Remember that MERS was not just setup to record mortgages but was made a nominee by the lender to hold the mortgage/deed of trust. The fact is that from the point of view of contract law this is legally impossible as MERS has not advanced any consideration in exchange for it’s status as Mortgagee to the borrower and the lender never took ownership of the security instrument which would allow them to nominate MERS ( a separate corporation) to be the beneficiary. This fact makes every MERS mortgage a Quiet Title Petition candidate naming MERS as the defendant which of course they can’t because they would have to prove standing first. Furthermore the lender/bank does not even have to be named because they have no standing as they never claimed to own the mortgage for reasons we all know… This action is simple yet a very powerful way to attain mortgage relief as it is very easy to get the lender to the negotiating table once you have unsecured their note. If anyone is interested in pursing this course of action they can contact me by email. Thanks
about 9 months ago
I have MERS as nominee-MERS website does not reveal investor
Only says Wells Fargo as Servicer
Original Loan thru Metrocities Mtg LLC (now out of business went into Prospect Mtg) 2008
First American Mortgage as Beneficiary
MERS did blank (and I mean blank-just 2 stamps marked “Without recourse pay to the order of Wells Fargo Bank NA” signed Deanna Martin VP & “Without recourse….Wells Fargo Bank NA from Metrocities Mortgage LLC Lizette Calero AVPno bank numbers or anything else on paper Do you think this a legal document if it states nothing?
about 9 months ago
This is a classic case of a blank assignment, making this a bearer note. In the Massachussetts Supreme Court ruling in re: US Bank v Ibanez, the court ruled specifically on this case in which blank assignments are unacceptable proof of chain of title. Be sure to look this case up yourself and read it so you can articulate your own defense. I am not a lawyer but that was my interpretation.
about 9 months ago
Yaron, I would be interested in learning more about this process.
holladaymarshall@gmail.com
about 9 months ago
Would love to pursue this
Yaron
about 9 months ago
Please send me more information about …
Quiet Title Petition candidate naming MERS as the defendant which of course they can’t because they would have to prove standing first. Furthermore the lender/bank does not even have to be named because they have no standing as they never claimed to own the mortgage for reasons we all know… This action is simple yet a very powerful way to attain mortgage relief as it is very easy to get the lender to the negotiating table once you have unsecured their note. If anyone is interested in pursing this course of action they can contact me by email. Thanks
about 9 months ago
Jim
In our Foreclosure Defense Membership program, we have a template for a Quiet Title Action that you can use as well as specific instructions on how to construct your petition/pleading. For more info, come to:
http://www.consumerdefenseprograms.com/foreclosure/foreclosuredefense-2/
about 10 months ago
Hi Vince, I have read the information about your program that you have sent my husband Andrew today. I just have a question before I join the membership. My husband and I have 3 properties. Our primary home in Chino Hills, CA, EMC mortgage has the loan, and EMC is now Chase bec apparently Chase bought them out. We have 2 properties in Las Vegas NV, one has a Bank of America mortgage and the other one EMC now Chase also. We are making the payments on them even though it’s tough every month but we try hard to make it because we are afraid to have a negative in our credit report because we have a college student and we need to qualify for a Parents loan every year to be able to afford his college tuition, we are afraid that if we have a late in our mortgage or worse do a short sale that we will not qualify for the Parent loan. So my question is because we are not foreclosing, are we still going to benefit from your program. Because what we need is some help or relief on the monthly payments on these mortgages. And if we can re negotiate to lower our mortgages balances especially the Las Vegas properties where we owe way over what they’re worth now, it will be very helpful and affordable without having to lose them as we’ve invested well over $50000.00 of our own money in them. Please advise. Thank you kindly.
Sincerely,
Gel
about 10 months ago
Do you know anything about an Inrem? Apparently IndyMac Bank filed an Inrem on my property that releases any Bankrupties filed on the property. I filed for Chapter 13 and I could not stop the foreclosure. My Property foreclosed 06/28/11 sold to a 3rd party, within an hour he came and served me with 3 day notice to quit. Any advice?
about 10 months ago
Hello,
I am in Oregon and have been trying to work with Chase Bank on a loan modification for over a year. We have not made a payment on our home for over a year I know that time is running out and I need to do something to end this process. We built our home in 1995 and have a jumbo loan on it currently with Chase.
I would love to win a judgement on it like the Oregon couple in your video clip posted. Is there anyway to talk to them about our situation for encouragement and guidance?
Thank You,
Jeannie
about 11 months ago
about 11 months ago
as a comment to this comparison of audits – one has to remember that this is information that must be presented in court by an expert witness – therefore the qualifications of the expert are sometimes (oftentimes) more important than the quantity of information they produce. The last thing you want to do is to submit an affidavit of undisputed facts consisting of 600 pages of “information” by a person whos qualifications may be questioned by opposing counsel than to have a highly qualified expert testify or present an affidavit who has pointed only to the relevant undisputable findings BUT whose credentials absolutely qualify that person as a witness. No court wants to or will read 600 pages of irrelevant factual information just becasue it is is interesting. The evidence has to be 1. relevant and undisputable and 2. presented as findings from an undisputed qualified expert witness and when using an affidavit as evidence instead of producing the witness the qualifications of the expert must be of the absolute highest level in that persons area of expertise and not subject to controversy. It is best to have the opposing counsel stipulate to the expert as qualified prior to the trial, therefore if there are no findings that do not represent pure fact – there is no need to produce the witness in person to testify. What I am trying to say in a nutshell is that is quality and precision wins over quantity. As to your assertion that one should obtain the pooling and serviicng agreemens – Bottom line is that if you do not need them to prove the required elements of your case you open yourself up to a potential can of worms and potentially days of depositions to pay for and days of court reporters and court costs to pay for becasue you have to be absolutely certain that any statement made is not ambiguous or requires explaination or a number of other issues that could arise. I am curious where you get the idea that a witness for the bank could not argue statements made in a Pooling and Servicing agreement were inaccurate or made in error or the like – you are absolutely wrong – anything can be questioned argued that is not stipulated to as fact – even documents signed under penalty of perjury. You could look at these documents as evidence and pull out portions to support your case but to assume that a court would take judicial notice or just accept the document into evidence without any foundation or line of questioning as to the relevance and what fact are you trying to prove by it’s use – this is a mistake. It could be a big and costly one at that. You are absolutely right on searching the County FBNs that is a very common practice – am glad you brought that up. In order for a company to operate under a DBA they must file an FBN with every County they do business – usually you can find this information online through the County Recorders Website. For a business to operate under a DBA though there has to be a valid licenced or registered business to which it is attached so . Generally any publically traded corporation, private corporatation, LLC, LLP or other entity must register with the State to operate even if under a DBA though. Be careful about using more evidence than you need to prove the facts that is all I am saying as you may end up with a relavance objection and unless you have deposed the authors of the document or they are signed under penalty of perjury you can never be sure what their answer may be and one thing you never want to do is to ask a question you do not already know the answer to.
about 11 months ago
I am curious, is there a method of pursuing a full forensics analysis/audit of a loan specifically for pursuit of Quiet Title that goes beyond securitization?
I see forensics as a means of pursuing RESPA and TILA and the securitization as focusing specifically on that; but what about the audit that is designed to simply prove a defective instrument through any means? (i.e. if it wasn’t securitized yet the deed and note were not properly recorded, passed together, etc?)
Does the Securitization cover that as well?
about 11 months ago
David
That’s what our securitization auditor does. He looks at all part of the process of the foreclosure and outlines where the “lender” broke the law.
about 11 months ago
Vince, the work you’ve done and service you provide is truly amazing!
My loan originated in Sept 2001 and Chase Manhatten Motgage Corporation was my lender.
The copy of the Note that I forced the trustee to provide showed an endorsement to Chase Holding, LLC, Successer by merger.
The Notice of Default states that the creditor to whom the debt is owed is Chase Home Finance, LLC, Successor by merger to Chase Manhatten Mortgage Corperation. MERS is NEVER mentioned anywhere ever in any of the mountainous paperwork that was generated during the life of the loan.
Question = Does this qualify as “Movement”?
Always having Chase in the titles as well as “Successor by merger” is the reason it’s unclear to me. My home was foreclosed upon in 2007.
Thank you.
about 11 months ago
Thank you for your kind support Val
This is a challenging one. More than likely, your loan has been securitized…but we will need to dig deeper into the situation. It is my understanding that Chase almost always securitize their loans. But with the information you provide, it’s still uncertain if this is in fact absolutely true. This is where the securitization (Trust-IDed option) comes in, in which the auditor will research to place where your loan has been securitized (if it was securitized) so you have the facts straight.
Good luck.
about 11 months ago
Vince, I just finished reading The Foreclosure Defense Handbook and found it very informative and helpful in the foreclosure I am in. If I may, I would like to suggest some grammar errors be corrected. I would like to use the handbook in talking with others and promoting CDP but would like to see these corrections done before I do so. You response will be welcomed.
about 11 months ago
Thank you Paul.
Please download the latest update. We have since corrected the grammar.
about 12 months ago
Here is my honest experience with using the services of FPG-USA. I believe it to be a very necessary step in gaining the evidence necessary to stand up against the Bank attempting to foreclose on your home, but I was disappointed in the service and the integrity of what is promised for the amount of money you spend. I would not consider myself angry about the service. I feel though that a level of integrity has to be kept within a group and a duty is owed to all involved, so please hear me out.
I have had two other securitization audits done before.
The first (not through FPG-USA) was done for $500.00 and through someone I knew. It was a rip off. In exchange I got a trust name and CUSIP number. After learning a great deal about this stuff I realized that the information I received was bogus. $500.00 gone.
The second I had done (on a separate property) was done through a very reputable company. I paid $1000.00 and was told it would take 4-6 weeks. It took 7 weeks, but came with an affidavit in legal form, a copy of the Pooling and Servicing agreement, and other very valuable information. It consisted of over 600 pages. If you start reading this stuff, you will find all the self-incriminating evidence you need to create a great pleading. The Examiner was the guy that did all the securitizations for a particular bank.
Then I decided to do one through FPG-USA because the sample audit looked good, and I was under the gun to get a completed audit in a hurry and it was promoted as only taking 21 days.
I had it paid for it and sent the required info on or about Feb 23rd. I sent an inquiry Mar 19. Tom replied “should be next week”. At he end of March I sent another inquiry. April 1st the reply was, “ you should get it early next week. I received it April 16th. One of my close friends still has not received his and it’s been one “should be next week” after another “should be next week.” He paid for his not long after I did. This has been going on and on for months.
My Securitization Audit is missing one key element, the identification of the Trust my loan is in. It is my understanding the only way to identify it for certain is to locate the manifest of the Trust. This requires a Bloomberg Account. I doubt that FPG-USA has one and I was later told by Tom, that it requires an additional sum of money to get that information. When I inquired about it, Tom didn’t answer. I paid a good sum of money for this audit and didn’t get what the example shows. Everyone should know this and the time it might really take.
There are other items in the report that are not viable claims in a defence.
1. It may be found that a person signed a document as an Assistant Vice President of the Bank that has also found to be the signor on for another company such as MERS. This is common as MERS has a long list of corporate assignments of signers. It is valid and common for one person to hold an ability to sign for one company as well as another.
2. On my Audit the Examiner makes a statement to the regard that a company doesn’t legally appear to exist because it is not registered in the state. It needs to be really looked into as companies often have an additional “DBA” that may be recorded in the county recorder’s office. This can be an embarrassing claim to make, and I don’t think you will want to have anything you put in your claim to be looked at as though you haven’t done your homework.
3. Tom has made statements in an email that the CUSIP and the Pooling and Servicing Agreement are not important. I personally believe this can be a fatal error to your case. It has become vitally important as a pro-se litigant that you have the actual evidence. The Pooling and Servicing Agreement is generally 300 to 600 pages of statements made by the Bank in regards to exactly how the Loan is sold, who has interest in the loan and who DOES NOT. If you can pull these statements directly from the PSA and quote them, the Bank cannot argue them because they are their own word.
Maybe FPG-USA has a Bloomberg account so they can locate exactly which pool your loan is in.
Maybe FPG-USA will speed up their audits.
I hope they do, but EVERYONE has to keep their integrity in with each other in this group and provide honest valuable help if we are going to have a chance at saving our homes. This integrity has to start with those that we pay for their services (standing in the name of help).
On another note, I have been given some information that there is a BANK AMNESTY BILL already written and that will be passed and piggy-backed on to another Bill around Thanksgiving this year. This came from a very reliable source that is very well connected. Get your case in the courts before then or you will loose your right to sue.
Thanks,
Christian
about 10 months ago
Christian, can you direct me to the auditor that you used for the $1000 fee?
Thanks
about 9 months ago
Sorry Karen as I have not been on this site in well over a month otherwise I would have replied earlier. I will check this site again in a week or so and find out. The guy I prefer can now get the exam done in about a week.
about 1 year ago
We are wondering how joining consumerdefense can help us. We know our loan is a MERS but does that guarantee we will be able to eliminate the bank by utilizing the program. Please advise.
about 1 year ago
If your loan has MERS, then it is 99% guaranteed that it has been securitized.
However, we make no guarantee…implied or otherwise of “eliminating the bank”. Our program is simply to provide you with sample pleadings to compel the bank to provide proof of claim. If they can not prove that they are the owner of the obligation, then by law, they are not entitled to enforce the note. If they can not enforce the note…they can not foreclose.
We have a step by step process that walks you through the process of suing your lender. For more information, please come to:
http://www.consumerdefenseprograms.com/coaching-program/intro/
Thank you
about 1 year ago
The bank postponed my trustee sale dated 4/29/2011 to 6/20 2011 . and Im waiting for a loan modification,But I read here
that the bank cannot do modification easily. If I can afford a securitization audit will be my next move.
about 1 year ago
Alfredo, what action did you take to get the bank to postpone your trustee sale? Also, was it in a judicial or non-judicial state?
about 1 year ago
the loans a bank can not sell are predged as collateral with the federal reserve banks to secure funds to lend. Are these the loans the same as sold loans?
about 1 year ago
Yes, I believe so. I discovered that my home
mortgage loan that we refinanced back in 2003
as a Conventional Streamline Refinance was sold to Fannie Mae by our originator, TCF, immediately transferred back to TCF, who acted as Servicer until it was purchased by US Bank in 2006. The reason TCF had to sell it to Fannie Mae & then have it transferred back is to avoid
legal restrictions of worded terms on the actions
regarding the entities involved in the conversion of the loan into a mortgage backed security investment. My bank only relented to sending
me some of the documents I was requesting
after I made complaints to the Office of the Comptroller of the Currency and the State
Attorney General’s Office. From the docs they
sent me, I was able to discover the converted
state of my mortgage and note by enetering
different combinations of the numbers on them
into search queries on the Fannie Mae website.
If it will help anyone, they typically place the
pool number above the loan number on your
mortgage contract. From a stand alone Assignment of Mortgage document, I found
all the numbers I needed to locate the Pool,
Data Statement, Prospectus Supplement and
Trust that related to my converted mortgage,
which is now a REMIC. It was a snap to find
on the Fannie Mae website, as opposed to
trying to find it on the SEC site.
about 1 year ago
Question would you mind sharing a little more clearly in regards to what you did or perhaps an example of the searches I’m trying to figure this out as well.
about 1 year ago
We will put a sample up ASAP. Thank you.
about 11 months ago
Did the sample get put up and if so where?
about 11 months ago
David
Take a look above. We’ve included a link of the sample: See this http://screencast.com/t/PCN3JpIgT9
about 1 year ago
HAVE ALL LOANS BEEN SECURITIZED? I spoke to a loan examiner and he said its a waste of time to have a securitization report done on my loan. Is this true or he is full of it. Please help thank you!!!!!!!!!!!!!!
about 1 year ago
James
Not all loans are securitized. It’s hard for an uninformed consumer to know what to look for to know if a loan has been securitized or not. A good indication is whether MERS is on your Deed of Trust/Mortgage. If it is, then your loan is likely to be securitized.
With our service, if we can not find any evidence of securitization, then your out of pocket is just $350.
about 1 year ago
Could you please recommend an attorney in Fort lauderdale or State of Florida that can use a securitization audit to help me defend a foreclosure in progress, Also could commercial loans be a victim of this same fraud, Mortgage Fraud that is!!
about 1 year ago
James
Please look at our list for Attorneys that “Get it” in the Resources menu.
Yes, commercial loans are exactly the same. They too have been securitized.
about 1 year ago
Thank You kindly!!
about 1 year ago
Hello:
I just got back from more than a month’s absence. Before I left though, I wrote those letters to my alleged Lenders and I should have been ready to file in court. Now that I am back, I don’t seem to know where I left off.
But I think I need a Securitization Audit before filing in court, and since you seemd to have so much trust and confidence of the skills of the one you are recoomending, I should apply for it.
Help me, how, where,
GG Castillo
about 1 year ago
GG
Please go through each of the modules and pick up where you last left off. Yes, getting a MSI Securitization would be beneficial as part of gathering evidence to support your case, but the decision to do it is ultimately yours to make. As you know, as the plaintiff, you bear the burden of proof in a civil action. Without sufficient proof, your case is subject to dismissal.
about 1 year ago
Can you or do you recommend a security auditor in Canada. Looking for help eugene
about 1 year ago
Sorry, we don’t know of any one. Please do share if you can find one.
Thank you.
about 1 year ago
Do you have any kind of payment plan for the securitization report? sorry to ask that question…..but maybe we can order in some money down and start paying during the search and paid in full at the end when the report is done. Thanks
about 1 year ago
Sorry. We have to pay our auditor in full before he does the audit.
about 1 year ago
I would like to know do you have and option for those wishing to open a community defense program in their community, and would like to market this service for a profit?
about 1 year ago
Jerry
Thank you for your support. You are encouraged to open your own community defense program to help others in the community. Feel free to use the Foreclosure Defense Handbook as a resource. Let us know how we can support you in any way. We’re here to help.
about 1 year ago
I live in Ohio, currently unsure where my mortgage stands, but, I am very interested in a defense program from all states, not just community. And fyi, on the website for the movie Inside Job there is a link to Edgar to search for securitiation report yourself…I am attempting to do, will let you know how it goes.
about 1 year ago
Hello Schalisa: Would you kindly let me know how doing the securitization report yourself for me to check out? It’s always nice to verify even if there’s a report of your house done by someone else. And also, maybe I can help others who can’t afford to pay. Would you give me the link to Edgar? May call me at: 619) 527-0715 or e-mail me at:drggcastillo@cox.net. Many thanks -bless you.
about 1 year ago
I am very interested to buy the audit for securitization, but I am not sure if the 21 days is not going to be late, My ejectment is already in the works, it is just a matter of delivering it here to my home by the deputy sherrif, You might be able to tell me on how this proceess works, so please let me know so I can go ahead and make my purchase of the securitization audit. Thank you for your help. Please tell me it is possible.
about 1 year ago
Renjie
You should consult an attorney about how to use a securitization. A securitization audit alone is not going to do you any good.
Alternatively, you might want to read about how to stop a foreclosure at: http://www.consumerdefenseprograms.com/13/how-to-stop-a-pending-foreclosure/
Finally, you might want to consider joining our Foreclosure Defense Membership program to get support from fellow homeowners:
http://www.consumerdefenseprograms.com/coaching-program/intro/
Thank you for your support.
Consumer Defense Programs
about 1 year ago
I have not got any answers yet, I would like to move fast on my securitization audit before I go to the court to argue about the ejectment notice
about 1 year ago
Thank you.
For more info on a Securitization, please come to:
http://www.consumerdefenseprograms.com/resources/securitization-audit/
about 1 year ago
I am from alabama, i would like to know if you have any members in alabama. i am also interested to buy your audit. I would like to know how long would it take for a securitization audit to be done and what are the requirements or documents needed in order for you to do this.
i would like to know if i understand this correctly that there is a special of $99.00 plus $15/m for membership? is this true or not?
Also, is there any of your members that have already been foreclosed on and are waiting for ejectment suit or fighting an ejectment suit?
please reply. thanks
about 1 year ago
What are the requirements for the securitization report> what documents need to be presented thanks
about 1 year ago
you are the MAN, thanks again