HIGHLIGHTS: FROM AN AHMSI LETTER TO 60 MINUTES

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HIGHLIGHTS: FROM AN AHMSI LETTER TO 60 MINUTES

HIGHLIGHTS: FROM AN AHMSI LETTER TO 60 MINUTES

LOL– These are not the ORIGINAL Assignments, They’re locked up in a vault … (sure they are)

From the Letter:

“In addition to transferring the mortgage through an unrecorded assignment at the time the assignee securitization trust obtains the loan, it has been industry practice for the loan servicer to have an assignment of mortgage executed and recorded in the name of the trustee for the securitization trust typically shortly before a foreclosure action is commenced. This latter assignment would be recorded to put record title into the name of the owner or holder of the loan, to eliminate any confusion about the assignee being the appropriate plaintiff to commence the foreclosure action. However, this assignment would not act to transfer ownership or holder status to that assignee, which occurred earlier, as explained above.

Although there exists a signed and notarized unrecorded assignment of mortgage in favor of the securitization trustee in a loan file maintained under contract by a custodian retained by the trust, in most cases it is very burdensome and costly to obtain that old, original assignment and more troublesome to record it, which is a document in favor of blank (that is, the name of the assignee is not filled in) and is dated, signed, and notarized years ago; it is generally less burdensome, more efficient, and less expensive to have foreclosure counsel review the current state of title and counsel or a document preparer prepare, sign, notarize, and record a currently prepared assignment, pursuant to appropriate corporate authority.”

ENTIRE LETTER:

[ipaper docId=52487250 access_key=key-11f6oucsrh7o0az6j08h height=600 width=600 /]

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3 Responses to “HIGHLIGHTS: FROM AN AHMSI LETTER TO 60 MINUTES”

  1. Elaine Williams says:

    I haven’t seen such spin doctoring since Clinton was in office!

  2. marilyn lane says:

    a paragraph from –
    Mark Hamblett ContactAll Articles

    New York Law Journal
    April 08, 2011

    A spokesperson for the Justice Department said that in U.S. attorney offices “all criminal litigation will continue without interruption as an activity essential to the safety of human life and the protection of property.”

    Looks like the Justice Department thinks that “protecting of property” is criminal litigation –

    so why aren’t the racketeers at the banks and title companies getting indicted?

  3. BROGAN says:

    All this is bogus AHMSI allegedly paid Chicago Title a division of Fidelity National Financial to produce power of attorney documents with the DOCXX & LPS EMPLOYEES TO PRETEND TO BE VICE PRESIDENTS OF MANY COMPANIES THEY BOUGHT ASSETS OF. THIS LIST INCLUDES AHMSI FLORIDA EMPLOYEES THEY USED TO SIGN AS VP AFTER TRYING TO CLEAN UP THOUSANDS OF ASSIGNMENTS OF MORTGAGES ON FILE IN RECORDER OF DEEDS OFFICES THAT WERE ORIGINALLY EXECUTED BY ROBO SIGNERS. WILBUR ROSS JR & DAVID APPLEBEE HAVE HID THIS DETAIL FROM THE PRESS. FNF TITLE HAS BEEN A PLAYER FOR YEARS, THEY PROCESSED MOST OF THE SUB PRIME LOANS IN AMERICA. AHMSI FAILED TO TELL THEY USED A SUBSIDIARY OF FNF TO SEND THESE TAINTED DOCUMENTS TO COURT HOUSES THIS WAS ANOTHER LIE. 1ST AMERICAN TITLE HAS BEEN SENDING THESE DOCUMENTS TO RECORDER OF DEEDS. JUST LOOK AT THE STAM ON THE BOTTOM OF DOCUMENTS THEY WERE SENT IN BY A TITLE COMPANY.. ROSS WILL END UP SHINING BERNIE MADOFFS’ BOOTS

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