WHAT IS AN AUDIT AND WHY DO I NEED ONE?
Most people out there offer what is normally called a “Mortgage Audit”. Most of these types of audits are just a waste of money and time with most allowing you to pick a few TILA or RESPA violations that will put a few thousand dollars in your pocket (if you actually prosecute) but do nothing for you in the way of defending your property from the banksters. At best there is not much you can do with one of these types’ audits to stop or slow down your foreclosure.
The differences between a Securitization Audit versus a Mortgage Audit are vastly different.... Unlike a Mortgage Audit which seeks to find TILA and RESPA violations, a Securitization Audit looks through filings that are required by the Securities and Exchange Commission (SEC) and filed into the public record. It’s meant to follow the chain of title and it makes sure that the transfers as required by the PSA (Pooling and Servicing Agreement) were done and if not, then the plaintiff might have no right to foreclose. By auditing these filings we can find whether the security was dissolved, the closing dates of the trust, and if the assets to the distributed to the certificate holders and the Trustee no longer has any authority to pursue foreclosure. All of this can help you win your case. If you have an alphabet soup plaintiff such as U.S. BANK NATIONAL ASSOCIATION AS TRUSTEE FOR MARM 2006-O-A2 then without a doubt your mortgage has been securitized. If that is the case then you more than likely have a great chance that your mortgage was bifurcated (separated) from your note. This will cause your mortgage to be an “unsecured mortgage”, meaning the lien on your home will no longer be secured by you’re the mortgage and your mortgage now becomes an unsecured debt such as a credit card would be. A securitization audit will find the chain of title to the trust and whether the Trustee still has any authority to foreclose. WILL I BENEFIT IF I HAVE ALREADY BEEN FORECLOSED? We have always said that people who are not in or have been foreclosed upon are in the best position. The “I'm in foreclosure” is a limbo stage and unless you have a solid counter claim your pretty much just a sitting duck. Having a securitization audit proving that your mortgage was or is securitized can help anyone in all three stages. If you are facing foreclosure or thinking about a strategic walk out and wanting to get a quiet title on your home than using the results of the audit can help you set up your case for the win. If you are in foreclosure this can bring the battle to an end.
Once you prove that the party attempting to foreclose had no standing to do so its goodbye foreclosure and welcome quiet title. If you have been foreclosed upon then again, the audit can prove that the person or entity that foreclosed had no authority to do so. These types of cases are slam dunks. The damage is done and there are no real defenses they can use....its game over!
HOW DO YOU DETERMINE IF YOU SHOULD HAVE ONE DONE? Everyone needs one done.... It cost you nothing to find out if your mortgage was securitized.... You can submit a few documents to us and at no charge, we can find out, or, you get served either with a complaint filed by a Plaintiff or from a Trustee that has an “Alphabet Soup” name such as U.S. BANK NATIONAL ASSOCIATION AS TRUSEE FOR MARM 2006-O-A2. Keep in mind that paying for an audit that you know will kill your case is well worth the money and it boosts your chances of winning a quiet title. OUR AUDITORS PROVIDE NATIONWIDE SECURITIZATION AUDITS AND SWORN AFFIDAVITS IF NEEDED. WHAT LIES IN YOU MORTGAGE SECURITIZED AUDITS provides Securitization/Fraud SWORN AFFIDAVITS addressing the facts and fraud in the case. There is a great deal of misinformation available, and its use will not aid your defense. We do not provide simply reports full of conjecture, blogs and filler, but the legal document format and content judges are used to reading and admitting as evidence into court. Though no one can guarantee an audit will be the magic bullet, your chances of success are dramatically improved by having one preformed. Once you have a third party verify and testify to the facts if needed, your 90% on your way to making your foreclosure go away.
FREE VERIFICATION SEARCH
Free Securitized Loan Finder & Verification Search
Certified Securitized Loan Search For Residential & Commercial Property Loans. Utilizing a proprietary software database to locate your loan and verify its status, our experts will make sure your loan was securitized before you ever spend a dime.
It’s free and easy! Just sign up for the free search below, follow the instruction on the email you will receive, and email us (the email address will be provided after you sign up) a pdf copy of your mortgage/deed of trust along with a copy of your note and we will do the rest.
If we find your mortgage is securitized then and only then should you proceed with an audit.
Keep in mind that if your were already foreclosed and we find your loan was securitized and the entity or Trustee that foreclosed had no authority to do so....you have a great case with actual damages and we recommend you follow through with legal action.
Below are the intake forms providing us with the information that we need to move forward with the audit of your choice. If you are uncertain of which audit you need then send us the intake forms and needed docs for both audits and during our review we will determine which one will be more beneficial based on your circumstances.
Please email your intake forms and documents to firstname.lastname@example.org or fax them to
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Forensic Audit Needed Docs.pdf
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Forensic Audit Intake.pdf
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Securitization Audit Intake.pdf
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A new ruling from the United States Bankruptcy Court for the Eastern District of New York, In re: Ferrel L. Agard could have a massive impact on the housing finance system moving forward. As detailed onBloomberg yesterday, Judge Robert E. Grossman ruled that the controversial Mortgage Electronic Registration System (MERS) does not have the right to transfer mortgages.
Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing. Securities backed by mortgage receivables are called mortgage-backed securities (MBS), while those backed by other types of receivables are asset-backed securities (ABS).