National WAMU Homeowners Support Group
“WaMu Screwed … The Wrong People.”
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Help to find your Trust - (true "investor"!)
From BPIA's website - http://www.bpinvestigativeagency.com/
| January 11th, 2012
**Attention Washington Mutual Bank Foreclosure Victims!** After two years of extensive research and investigation, BP Investigative Agency believes it has uncovered "smoking gun" evidence that the loans securitized by "Washington Mutual" into WaMu MBS Trusts were never legally conveyed to the trusts. We now have strong reason to believe (backed by evidence) that the foreclosures of WaMu trust loans (both by JPMorgan Chase Bank and Trustees for the trusts) have all been conducted illegally, and that the FDIC was / is most likely the legal title holder of the notes and mortgages / deeds of trust. THIS IS SIGNIFICANT, AND THE RAMIFICATIONS ENORMOUS! If you were, or are, an original WaMu homeowner (or by any other lender) who has been foreclosed or is facing foreclosure, we may be able to help. Please submit your free securitization search to find out if your loan was "allegedly securitized" by WaMu. |
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FREE PRE-PHASE I SECURITIZATION SEARCH! A $150.00 Value! (Restrictions Apply – See “Phase I” Order Form for details.)
At BPIA, we understand the tight financial constraints facing those in foreclosure, and that these constraints have created a dilemma. Can you afford to risk any more money on an audit if the end results are inconclusive? And... as a business owner, can we afford to perform services for free and remain in business? Well I believe we have found the solution! BPIA has the most sophisticated and comprehensive forensic securitization audit / analysis product in the marketplace. If we identify a specific MBS Trust associated with your loan, then there is an extremely high chance our “Phase II” audit will uncover serious deficiencies. We remove the up-front risk before any payment is made. And, there is ABSOLUTELY NO OBLIGATION to purchase any of our products and services. By placing the FREE “Securitization Look-Up”, we will respond within 24-48 hrs. (depending on volume) with a “Yes”, “No”, or “Likely.” If the response is “Yes” or “Likely”, then hopefully you (or your attorney) will proceed in ordering our “Phase II Report.” AND, we’ll even go one step further. If it were ever determined that the trust(s) identified by BPIA are entirely incorrect, we’ll refund your entire purchase! HURRY ON THIS OFFER, AS IT IS FOR |
One of the most important steps in understanding your loan is knowing whether or not it was sold to a Private or Public Security (TRUST). Thanks to our affiliation with BPIA, you can know that answer for
~ FREE! ~
CLICK HERE TO FIND OUT IF YOUR LOAN WAS LIKELY SECURITIZED.
A MEMBER OF BPIA WILL FOLLOW UP WITH YOU AFTER THE RESULTS ARE PROVIDED TO YOU. BPIA CAN NOT GUARANTEE THAT EVERY LOAN SHOWS UP IN CERTAIN PROPRIETARY DATA BASES. THIS IS A SIMPLE "YES," "LIKELY," OR "NO" LOOK-UP FEATURE AS DESCRIBED.
Just what are you looking for, and what are you investing in one?
http://deadlyclear.wordpress.com/2011/11/04/the-remics-have-failed-the-remics-have-failed/
http://www.bpinvestigativeagency.com/Why_Audits_Are_Important_.html
written by Richard Kessler, Esq.
Securitization Audits are the Key to Stopping Foreclosure
Richard F. Kessler, Esq.
A securitization audit, properly performed, can discover the “smoking gun” that can save a home from foreclosure. Very few people have the training and expertise to identify and document the legal defects and deficiencies which serve to bar foreclosure. The widespread misuse of a securitization audit by homeowners has led to a misconception of what a security audit is and what it does. That is why BPIA urges every homeowner to only obtain the audit for the use of counsel who either has been retained or will be retained.
What is a securitization audit?
A securitization audit inspects the organization and operation of a mortgage backed securities trust (“MBST”) to obtain evidence for mortgage foreclosure defense. The investigation report which results is a tool for an attorney. It will not replace an expert witness and will not, by itself, stop a foreclosure.
Why perform a securitization audit?
More than 80% of mortgages were securitized. A mortgage is securitized when it has been sold to a mortgage backed securities trust (“MBST”). MBSTs became so popular that the volume and velocity of mortgage transfers led to errors and omissions evidence of which can be productively used by attorneys engaged in foreclosure defense. The securitization produces an investigation report intended to include information and evidence to be used by an attorney to defend against foreclosure.
What does a securitization audit provide?
A securitization audit uses the best efforts of a trained and qualified auditor to find evidence and documentation to support the legal arguments of counsel that:
(a) The mortgage is unenforceable;
(b) The party attempting to foreclose does not have the right to foreclose; and
(c) Undisclosed mortgage payments, wrongfully alleged to have been unpaid to trigger foreclosure, were paid by a third party to the mortgage creditor fully satisfying the installment payment obligation of the mortgage debtor to the mortgage creditor.
What does a securitization audit not address?
The securitization audit does not perform:
1. A Forensic audit for consumer defenses such as TILA, RESPA, and FDCPA.
2. A document authentication audit usually needed to detect "Robo-Signing."
3. An audit to ascertain compliance with local rules of civil procedure.
4. An audit to obtain evidence of lender misconduct with respect to loan modifications.
Each of these audits may also be productive of useful legal defenses to foreclosure. Nevertheless, what BPIA is selling and the client is buying is a securitization audit-nothing more.
How has the securitization audit been misused?
A securitization audit produces a report intended for the use of an attorney to defend against mortgage foreclosure. It is part of an attorney's work product. It provides evidence and information. By itself, it is neither admissible into evidence at trial nor discoverable by the other side. Unfortunately, securitization audits have been sold to unwary homeowners in foreclosure to serve as expert testimony without the expert. BPIA condemns such misrepresentation. Put plainly, a homeowner may not hand the audit report to the judge at a hearing and expect the judge to stop the foreclosure.
Can a securitization audit be used by an expert witness?
A securitization audit can be recast to serve as the report of an expert witness but only if the expert witness has been retained and is available for discovery and will appear at trial. By itself, the audit report cannot be introduced into court as evidence or testimony but is excludable as hearsay. When a securitization report is used as a pre-trial investigative instrument, great care must be taken not to enable the opponent to characterize the report as an expert report because that would open the doors to discovery. An attorney knows how to use the information contained in the securitization audit report and the different techniques for introducing damaging information into evidence ( such as through an expert witness, direct testimony of a witness, cross examination of an opponent’s witness and discovery, etc.).
To repeat what was said above: BPIA urges every homeowner to only obtain a securitization audit for the use of counsel who either has been retained or will be retained.
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