Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit (via Livinglies's Weblog)

28 Aug

Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S NOTE: It is comforting to know that at least some people are paying attention. From one of the largest servicers in the country comes an admission that securitization of mortgage loans was an illusion. The facts alleged by AHMSI  in its lawsuit against LPS are true in virtually all cases in which any bank or other entity has claimed an interest in a mortgage l … Read More

via Livinglies's Weblog

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2 Responses to “Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit (via Livinglies's Weblog)”

  1. Kelly Bates August 28, 2011 at 10:44 am #

    Mr. McCandless………… I read your article on securitization, and, have a situation where we had Substitution of Trustee put in just prior to loan servicer selling our home at Trustee Sale on 01.20.2011. The home apparently did not get any bids, and house went to FHL. The loan was backed under Freddie Mac. I don’t feel the Substitution of Trustee was done properly, nor the sale since, at the time we were under a Loan Forbearance with the loan servicer. Nevertheless, two issues here. One, we think probable foreclosure fraud was committed, and, secondly, we have been served with Notice to Vacate by Sheriff. We are to be out by Wed., Aug. 31. Any help or advice you can offer would be greatly appreciated.

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