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Maher Soliman
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Why consider an expert witness in a wrongful foreclosure claim. And for sub prime and private label loans why Soliman? Its from 25 years of being on the inside, and knowing what short cuts taken caused lender stupidity & greed to collapse the industry. expert.witness@live.com
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Nov 28, 2009

WHATS IN AN ASSIGNMENT

Assignment of the Mortgage Loans. At the time of issuance of the securities of a series, the depositor will cause the mortgage loans comprising the related issuing entity to be assigned to the trustee, together with all principal and interest received by or on behalf of the depositor on or with respect to the mortgage loans after the cut-off date, other than principal and interest due on or before the cut-off date and other than any retained interest-specified in the related prospectus supplement.

information.In addition, the depositor will deliver or cause to be delivered The trustee will, concurrently with the assignment, deliver the securities to the depositor inexchange for the mortgage loans. Each mortgage loan will be identified in a schedule appearingas an exhibit to the related agreement. The schedule will include information as to theoutstanding principal balance of each mortgage loan after application of payments due onthecut-off date, as well as information regarding the mortgage rate, the currentscheduledmonthly payment of principal and interest, the maturity of the loan, theLoan-to-Value Ratios or Combined Loan-to-Value Ratios,as applicable, at origination underspecifiedto the trustee (or to the custodian) for each mortgage loan the mortgage note endorsed without recourse in blank or to Theodor of the trustee, except that the depositor may deliver or cause to be delivered a lost note affidavit in lieu of any original mortgage note that has been lost,will deliver or cause to be delivered a copy of on it(except for any mortgage not returned from the public recording office, in which juxtaposedthe mortgage together with a certificate thatthe original of the mortgage was delivered to the recording office or some other arrangement will be provided for),o an assignment of the mortgage to the trustee in recordable formant any other security documents specified in the related prospectus supplement or the related agreement, including security documents relating to any senior interests in the property.

The applicable prospectus supplement may provide other arrangements for assuring the priority of the assignments, but if it does not, then the depositor will promptly cause the assignments of the related loans to be recorded in the appropriate public office for real property records, except in states in which in the opinion of counsel recording is not required to protect the trustee's interest in the loans against the claim of any subsequent transferee or any successor to or creditor of the depositor or the originator of the loans.

With respect to any mortgage loans that are cooperative loans, thedepositor will cause to be delivered to the trusteeo the related original cooperative note endorsed without recoursein blank or to the order of the trustee (or, to the extent therelated pooling and servicing agreement so provides, a lost noteaffidavit),

o the original security agreement,
o the proprietary lease or occupancy agreement,
o the recognition agreement,
o an executed financing agreement and
o the relevant stock certificate, related blank stock powers and any other document specified in the related prospectus supplement.The depositor will cause to be filed in the appropriate office assignment and a financing statement evidencing the trustee's security interest in each cooperative loan.

By M.Soliman

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Ask the Expert: Will Obama plan holds off a foreclosure

Obama plan holds off on foreclosure rescue details. Obama said he would announce his housing strategy in the coming weeks. Meanwhile, home prices are not expected to hit bottom until year-end at the earliest.

Americans are hoping President Barack Obama will have more success, especially as foreclosures continue to grow. A Credit Suisse report published late last year forecast up to 10 million foreclosures by 2012, depending on the severity of the recession.

The Obama administration is expected to back a push in Congress a opposed by the mortgage industry a to let bankruptcy judges alter the terms of primary home loans. Earlier this week, Obama said it "makes no sense" that judges are not allowed to do so. The mortgage industry argues that this prohibition allows lenders to charge lower rates.


m.soliman

expert.witness@live.com

Expert Witness & Winning a Wrongful Foreclosure Case

Thanks for visiting our web page. Lawyers and their clients who prepare to position themselves in a foreclosure mater will need insider experience on their side.

Attorneys who claim its an odds against losing battle are mistaken. Do not cling to a tradition of generations before us.

Want to fight a foreclosure? Know what your are arguing with respect to lenders, servicers, registrants and the investment "trustee". Good arguments may win however hard hitting facts to support non transparent practices witnessed first hand will establish arguments that cannot stand under scrutiny.

Not all lenders are wrong and not all claims will have standing. Its not a game of risk or chance and the court must be respected.

If there is a matter pending something that we can review and opine to and related to a wrongful recovery or deceptive business practice, please call us.

We don't practice law, but we are permitted to share with the professional and public what we know and what we have seen over the years and that is your advantage.

Expert.Witness@live.com

M.Soliman
Expert.Witness
Tel. 213-880-6288
Mail to: expert.witness@live.com


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Quiet Title Action

QuietTitleAction: A proceeding to establish an individual's right to ownership of real property against one or more adverse claimants.An action to quiet title is a lawsuit filed to establish ownership of real property (land and buildings affixed to land). The plaintiff in a quiet title action seeks a court order that prevents the respondent from making any subsequent claim to the property. Quiet title actions are necessary because real estate may change hands often, and it is not always easy to determine who has title to the property. A quiet title suit is also called a suit to remove a cloud. A cloud is any claim or potential claim to ownership of the property. The cloud can be a claim of full ownership of the property or a claim of partial ownership, such as a lien in an amount that does not exceed the value of the property. A title to real property is clouded if the plaintiff, as the buyer or recipient of real estate, might have to defend her full ownership of the property in court against some party in the future. A landowner may bring a quiet title action regardless of whether the respondent is asserting a present right to gain possession of the premises. For example, assume that the seller of the property agreed to sell but died before the sale was finalized. Assume further that the seller also gave the property to a nephew in a will. In such a situation, both the nephew and the buyer have valid grounds for filing a suit to quiet title because each has a valid claim to the property. The law on quiet title actions varies from state to state. Some states have quiet title statutes. Other states allow courts to fashion most of the laws regarding quiet title actions. Under the Common Law, a plaintiff must be in possession of the property to bring a quiet title action, but many state statutes do not require actual possession by the plaintiff. In other states possession is not relevant. In some states only the person who holds legal title to the real estate may file a quiet title action, but in other states anyone with sufficient interest in the property may bring a quiet title action. Generally, a person who has sold the property does not have sufficient interest. When a landowner owns property subject to a mortgage, the landowner may bring a quiet title action in states where the mortgagor retains title to the property. If the mortgagee keeps the title until the mortgage is paid, the mortgagee, not the landowner, would have to bring the action. The general rule in a quiet title action is that the plaintiff may succeed only on the strength of his own claim to the real estate, and not on the weakness of the respondent's claim. The plaintiff bears the burden of proving that he owns the title to the property. A plaintiff may have less than a fee simple, or less than full ownership, and maintain an action to quiet title. So long as the plaintiff's interest is valid and the respondent's interest is not, the plaintiff will succeed in removing the cloud (the respondent's claim) from the title to the property.

Sources of Good Foreclosure Information

Welcome to the California Mortgage Association:
Asset Foreclosure Services, Inc. Default Servicing Solutions: "Non-Judicial Foreclosure"
Join our sister affiliate:www.borrowerhotline.com/
WRONGFUL FORECLOSURE « foreclosure webpage
An excellent source of Blog foreclosure information is :
www.foreclosurewebpage.wordpress.com/
Homeowners « Livinglies’s Weblog:
"Obama’s Homeowner Affordability and Stability Plan"
foreclosure webpage
Wednesday, April 22, 2009, 12:41:18 AM

REQUIREMENTS OF THE APPLICABLE CUSTODIAN .

(ii) If Custodian determines that the documents in the MortgageFilefor a Delivered Mortgage Loan conform in all respects with Section3(b)(i),and unless otherwise notified by Buyer in accordance with Section3(b)(i),Custodian shall include such Mortgage Loan in the CustodialMortgage LoanSchedule issued to Buyer.

If the documents required in any Mortgagedonot conform (except as otherwise notified in Section 3(b)(i)),Custodianshall not include such Mortgage Loan in any Custodial Mortgage LoanSchedule. Custodian shall notify Sellers and Buyer of any documentsthatare missing, incomplete on their face or patently inconsistent andof anyMortgage Loans that do not satisfy the criteria listed above.Sellers shallpromptly deposit such missing documents with Custodian or completeorcorrect the documents as required by Section 3(a) or remove therelatedMortgage File from the Request for Certification.

On or prior tothePurchase Date and as a condition to purchase, except with respectto aWet-Ink Mortgage Loan, Custodian shall deliver to the Buyer anelectronicCustodial Mortgage Loan Schedule to the effect that the Custodianhasreceived the Mortgage File for each Purchased Mortgage Loan on theMortgageLoan Schedule and as to each Mortgage File, specifying any documendelivered and any original document that has not been received, andverifying the items listed in this Section 3(b).(c) As required by Section 3(a), Custodian shall deliver to Buyer,nolater than 3:00 p.m. Eastern Time on the related Purchase Date(provided, thatthe

Custodian has timely received the items required in Section2(b) herein),electronically or via facsimile, followed, if requested in writingby Buyer, byovernight courier, a Custodial Mortgage Loan Schedule havingappended thereto aschedule of all Mortgage Loans with respect to which Custodian hascompleted theprocedures set forth in Sections 3(a) and 3(b)(i) hereof andcertify that it isholding each related Mortgage File for the benefit of Buyer inaccordance withthe terms hereof.

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EXPERT.WITNESS@LIVE.COM


Mortgage-Mess wrote...
(1) The trustee, if the servicer is the seller, or the servicer will promptly notify the relevant seller of any breach of any representation or warranty made by it in respect of a mortgage loan that...
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Mortgage-Mess wrote...
The Supreme CourtIt appears that these decisions have begun to have an effect on the Supreme Court level with the recentdecision by Justice Louis B. York.4 In Higgins, the plaintiff sued an...
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Mortgage-Mess wrote...
CASE NUMBER:08U17459MATTER:WAMU VS SUTHERLANDTRIAL:IMMEDIATE STAY FROM ENFORCEMNT OF WRITCOURT: SUPERIOR COURT OF CA / LOS ANGEELSJUDGE:WILLIAM DODSON
Sub Prime wrote...
Appraisal negligence and/or fraud is overlooked by many. Appraisers are usually licensed and insured. Filing a complaint with the licensing board as well as sending a demand letter to them to forward...
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Mortgage-Mess wrote...
Cash for KeysE FANNING $25,000AND 90 DAYS STAY FROM EVICTIONA real sad case of predatory lending practices by GMACBorrower never could have afforded the loan.Counsel for the Defendant in foreclosure...
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For information on filing a claim and our terms for working with your lawyer, call us. Telephone number 310-765-7388. Maher Soliman Nationwide Loan Services.

Transparency is a major point of the Sarbanes Oxley legislation

Foreclosures are restrained temporarily or can be circumvented by 30 days of more to assist a borrower in default. A default is when a foreclosure process may begin. The Legislation in enforced under the controls set forth by act of the President and congress and enforcement by the Secretary of the Treasury, And with a year under our belt we see verifiable signs of the lenders gaining a financial foothold again.

Our observations are skeptical of the National governments apparently becoming terminally lost in its intended direction and to the people to whom it was intended. Once again we challenge the lender with a bigger role in circumventing the truth due in large part to the deceptive devices of Wall Street. We stand behind our allegations of clandestine secret financing arrangements. This great “sham” will live on well beyond the close of the decade in less than 13 months. Transparency is a major point of the Sarbanes Oxley legislation passed in 2002-2003 thanks in part to ENRON executives. Rigas, Adelphia's founder and former chairman and CEO, and his sons Timothy and Michael, face federal conspiracy charges as well as securities, bank and wire fraud charges. They each face up to 100 years in prison and millions of dollars in fines if convicted on all counts.

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