MORTGAGE AUDIT, BLOOMBERG, TERMINALS LOAN NUMBER THEY WILL FIND OUT WHAT POOL IT IS IN!! The Mortgage never made it to the trustee, Amber never had possession of the note and or the mortgage (scam) They send an alleged note and mortgage (copy) when we look at the copy on the back, and at the top it will say certified copy and some initials? On the back page you will not find an alonge? An endorsement stamped or attached to it. That copy just has a copy of that alleged mortgage that we signed at the alleged closing, but when they actually bring the original note to the court you will also find all of a sudden it has an endorsement or an alonge on it. A give away what they sent to the trustee was a copy of the note and mortgage, while they took the original endorsed it and went over to the fed window and endorsed it there. The note never made it to the trust, therefore, they do not have a right to foreclose!! Proof The original note here it is it has a stamp, it has an alonge, it has everything it needs to have but the copy that was filed with the foreclosure ids different!! Misconceptions Mortgage and note were not securitised what was securitised is the investors’ money, so investors put up billions of pounds into these securitised pools to create bonds, the securities were traded then on (wall st) and there were several different level. There are interest only which are IO strips which pay interest only, you don’t own any principal, you don’t get any principal. On the other hand there is the principal strip which are the principal balances owed, on these strips for example, you put 10 million in then you get a little of the IO strip whereas, with the principal strip the investor gets a little bit of both. As we can see with the above example the investor putting in 1 million pounds would be hoping to receive 3% 5% 10% interest quarterly, every six months every year, pending on the bond pay out schedule. The investor does not get his 1 million back but they get interest and never see the 1 million pounds first which means he/she would have to receive 10 payments at 10% interest just to break even, and then accrue profit after the payments were received. The bank say here’s a million pounds in cash from investors and where going to securitise the million pounds, create a bond out of it, based on these million pounds worth of mortgage payments, and mortgages coming in. So funding and or bonding managers and one mortgagee within that pool that was pledged as collateral for the million pounds would fall out because of non-payment or foreclosure, their job was to hurry up and bring in another mortgagee, however, what happened over time was the collapse because he/she could not meet demand with new mortgages, there were more defaults than new mortgages hence the collapse. The trustee never owned the title to any property, so what happened was in almost every case the security was created from copies of mortgages and copies of notes, they were literally emailed to these trusts to the trustees, the originals were taken to the fed window by the banks and collaterised. Moreover, the banks sold the mortgage 2,3,4,5+ times therefore, investors were purchasing these mortgages at a very high risk powered by greed, and our government are to this day guaranteeing a mortgage based on tax payers future securities/bonds. The investors will now have to sue the banks if the system fails again. A good securitisation audit will go through the chain of custody not the chain of title, title means the bank had the mortgage and assigned it to Ben, Ben then assigned it to Larry who then assigned it to John and then onto the servicer; the problem here is tracing the mortgage, secondly there is where robo-signing takes place just like Mers in America, according to their own pooling and servicing agreements which is the PSA which is what the trust is based upon. There are certain closing dates in which the mortgage had to be placed in the PSA, and then they had to have the note physically delivered to the custodian. The trustee is coming forward to sue and evict mortgagors based upon a copy of a note they never had in their possession, and without the original mortgage & note they do not have a legitimate claim over the property period. We require the chain of custody, this evidence will show where the mortgage went from signing at the solicitor’s office, where it is, who had it, and prove the trustee does not have it, we need to see the books and records. The trustee can be sued on the grounds of common law fraud, and false claims. Getting the audit done professionally will prove the trustee is NOT entitled to collect payments and we will have all the evidence from the auditor to prove the case. The auditor will have an affidavit (statement of truth) to use against the trustee whom has been fraudulently stealing monies from US!!! Case dropped!!! (A Securitised audit) Now we sue in counterclaim for all payments made, deposit, and compound interest.
Posted on: Mon, 21 Jul 2014 22:32:22 +0000
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