Comments for Foreclosure Combatant http://loanaudit.wordpress.com Foreclosure Prevention Strategies Fri, 13 Nov 2009 20:03:30 +0000 http://wordpress.com/ hourly 1 Comment on Homeowners should be suing lenders! by GREG http://loanaudit.wordpress.com/2009/06/26/homeowners-should-be-suing-lenders/#comment-465 GREG Fri, 13 Nov 2009 20:03:30 +0000 http://loanaudit.wordpress.com/?p=402#comment-465 ASSUMING I WIN MY FORECLOSURE CASE (WAS FORECLOSED IN FEB 09 IN WASH DC) AND WELLS DID NOT OWN THE NOTE, WHAT HAPPENS NEXT? I WOULD GLADLY LIKE TO PAY SOMEONE FOR MY HOUSE BUT NOT 1/2 MILLION DOLLARS ON A 230,000 PIECE OF PROPERTY. ASSUMING I WIN MY FORECLOSURE CASE (WAS FORECLOSED IN FEB 09 IN WASH DC) AND WELLS DID NOT OWN THE NOTE, WHAT HAPPENS NEXT? I WOULD GLADLY LIKE TO PAY SOMEONE FOR MY HOUSE BUT NOT 1/2 MILLION DOLLARS ON A 230,000 PIECE OF PROPERTY.

]]> Comment on Fannie Mae to rent out homes instead foreclosing by Patricia Sanford http://loanaudit.wordpress.com/2009/11/05/fannie-mae-to-rent-out-homes-instead-foreclosing/#comment-464 Patricia Sanford Thu, 12 Nov 2009 22:09:58 +0000 http://loanaudit.wordpress.com/?p=509#comment-464 How does one qualify? Who do we contact in order to use the rent back program? How does one qualify? Who do we contact in order to use the rent back program?

]]> Comment on Fair Game – If the Lender Can’t Find the Mortgage by Mortgage Auditor http://loanaudit.wordpress.com/2009/10/25/fair-game-if-the-lender-can%e2%80%99t-find-the-mortgage/#comment-461 Mortgage Auditor Thu, 05 Nov 2009 22:22:43 +0000 http://loanaudit.wordpress.com/?p=501#comment-461 In a non judicial state you must file a complaint to stop the sale and demand production of the original note amongst other things. In a non judicial state you must file a complaint to stop the sale and demand production of the original note amongst other things.

]]> Comment on Fair Game – If the Lender Can’t Find the Mortgage by Jack http://loanaudit.wordpress.com/2009/10/25/fair-game-if-the-lender-can%e2%80%99t-find-the-mortgage/#comment-460 Jack Thu, 05 Nov 2009 22:05:32 +0000 http://loanaudit.wordpress.com/?p=501#comment-460 Is this only an issue in states with Judicial Foreclosure? What about California where foreclosure is nonjudicial and there is no requirement to produce the note? What states require the note to be produced? Is this only an issue in states with Judicial Foreclosure? What about California where foreclosure is nonjudicial and there is no requirement to produce the note? What states require the note to be produced?

]]> Comment on About Me by Mortgage Auditor http://loanaudit.wordpress.com/about/#comment-431 Mortgage Auditor Thu, 17 Sep 2009 01:47:43 +0000 #comment-431 You can start by asking Indymac who owns your loan. Who was the original funder of your loan? What type of loan is it? You can start by asking Indymac who owns your loan. Who was the original funder of your loan? What type of loan is it?

]]> Comment on About Me by Chris http://loanaudit.wordpress.com/about/#comment-430 Chris Thu, 17 Sep 2009 01:32:50 +0000 #comment-430 Mr. Mostofi, My servicer is IndyMac bank and they purchased the loan about 2 servicers removed from the original lender. What is the best method of determining if your loan has been securitized? Mr. Mostofi,

My servicer is IndyMac bank and they purchased the loan about 2 servicers removed from the original lender. What is the best method of determining if your loan has been securitized?

]]> Comment on DEUTSCHE BANK NATIONAL TRUST COMPANY v. ROLANDO CAMPBELL, et al. by Andi http://loanaudit.wordpress.com/2009/07/08/deutsche-bank-national-trust-company-v-rolando-campbell-et-al/#comment-420 Andi Sun, 30 Aug 2009 00:49:56 +0000 http://loanaudit.wordpress.com/?p=432#comment-420 HI Davarone,I read your reply to Rosetta.you stated you were going through the same thing and that you had to go before the judge on 8/17/09.I would lovr to hear what happened in court,and I would greatly appreciate any advice or knowledge you may be able to give me.Because, I have the same problem with Deutsche Bank.but the lender that got me in this mess was Ameriquest then Deutsche Bank came into the picture after that. same as they are doing every case as such . thanks and I sure hope to hear from you for any help you may be able to give me. HI Davarone,I read your reply to Rosetta.you stated you were going through the same thing and that you had to go before the judge on 8/17/09.I would lovr to hear what happened in court,and I would greatly appreciate any advice or knowledge you may be able to give me.Because, I have the same problem with Deutsche Bank.but the lender that got me in this mess was Ameriquest then Deutsche Bank came into the picture after that. same as they are doing every case as such . thanks and I sure hope to hear from you for any help you may be able to give me.

]]> Comment on The Lender Must Prove Existence of the Note by Mortgage Auditor http://loanaudit.wordpress.com/2008/12/11/the-lender-must-prove-existence-of-the-note/#comment-418 Mortgage Auditor Thu, 20 Aug 2009 00:11:01 +0000 http://loanaudit.wordpress.com/?p=189#comment-418 I am not an attorney and this is not legal advice but it is always best to look for authority in your own jurisdiction. I am not an attorney and this is not legal advice but it is always best to look for authority in your own jurisdiction.

]]> Comment on The Lender Must Prove Existence of the Note by Cornia http://loanaudit.wordpress.com/2008/12/11/the-lender-must-prove-existence-of-the-note/#comment-417 Cornia Wed, 19 Aug 2009 23:39:38 +0000 http://loanaudit.wordpress.com/?p=189#comment-417 Supporting Case Law See Matter of Staff Mortg. & Inv. Corp., 550 F.2d 1228 (9th Cir 1977). “Under the Uniform Commercial Code, the only notice sufficient to inform all interested parties that a security interest in instruments has been perfected is actual possession by the secured party, his agent or bailee.” Bankruptcy Courts have followed the Uniform Commercial Code. In Re Investors & Lenders, Ltd. 165 B.R. 389 (Bankruptcy.D.N.J.1994), “Under the New Jersey Uniform Commercial Code (NJUCC), promissory note is “instrument,” security interest in which must be perfected by possession. THIS IS FOR NEW JERSEY. IAM IN CALIFORNIA. IS THIS VALID FOR CA? OR DO I NEED CA CASE LAW? PLEASE ADVISE. THANK YOU! Supporting Case Law See Matter of Staff Mortg. & Inv. Corp., 550 F.2d 1228 (9th Cir 1977). “Under the Uniform Commercial Code, the only notice sufficient to inform all interested parties that a security interest in instruments has been perfected is actual possession by the secured party, his agent or bailee.” Bankruptcy Courts have followed the Uniform Commercial Code. In Re Investors & Lenders, Ltd. 165 B.R. 389 (Bankruptcy.D.N.J.1994), “Under the New Jersey Uniform Commercial Code (NJUCC), promissory note is “instrument,” security interest in which must be perfected by possession. THIS IS FOR NEW JERSEY. IAM IN CALIFORNIA. IS THIS VALID FOR CA? OR DO I NEED CA CASE LAW? PLEASE ADVISE.

THANK YOU!

]]> Comment on About Me by Eric Henderson http://loanaudit.wordpress.com/about/#comment-408 Eric Henderson Sun, 02 Aug 2009 20:49:59 +0000 #comment-408 How can I help? I am a licensed broker/owner of a real estate company in Kansas, Missouri and working on Colorado as well. I too use my past knoweldge and investing experience to help homeowners in default. There are soooo many violations I see in just about every case - I dont know where to start... Perhaps we can start a national network to process some of these and help more. In full disclosure - I am also still investing - and often buy homes from individuals needing the help who will not benefit from a traditional sale or other "loss mitigation" efforts like loan modification or deferments. I sell a lot of REO homes as the local broker and see a lot of fraud from the begining thru the end... a lot of homeowners are getting locked out prior to redemption rights having expired and without court orders... in some states - OK - in ones like Kansas - its just wrong and lenders can get in a lot of trouble - especially those field services people, locksmiths and other agents/brokers who should know better... Anyhow - if there is anything we can put together on a national scale that I can help with - please let me know. I'd be honored to help anyone you know in my areas of expertise. How can I help? I am a licensed broker/owner of a real estate company in Kansas, Missouri and working on Colorado as well. I too use my past knoweldge and investing experience to help homeowners in default. There are soooo many violations I see in just about every case – I dont know where to start… Perhaps we can start a national network to process some of these and help more. In full disclosure – I am also still investing – and often buy homes from individuals needing the help who will not benefit from a traditional sale or other “loss mitigation” efforts like loan modification or deferments. I sell a lot of REO homes as the local broker and see a lot of fraud from the begining thru the end… a lot of homeowners are getting locked out prior to redemption rights having expired and without court orders… in some states – OK – in ones like Kansas – its just wrong and lenders can get in a lot of trouble – especially those field services people, locksmiths and other agents/brokers who should know better…

Anyhow – if there is anything we can put together on a national scale that I can help with – please let me know. I’d be honored to help anyone you know in my areas of expertise.

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