Paladin Securitization Auditors

307-222-8800

CLOSED NOW - Opens at 9:00am

Securitization is the process by which residential and commercial real property mortgage loans are bundled and sold to investors. Securitization can occur days, weeks, or even months after origination. However, not all loans are securitized.Investors such as Bank of America, Citi Bank, Countrywide, Wells Fargo, Chase Bank, Washington Mutual, Wachovia, etc. routinely sell or purchase large blocks of loans and place them into trusts or REMICs (Real Estate Mortgage Investment Conduits). Investors then purchase those shares that are being sold.Knowing the securitization history of a particular loan can be important in foreclosure defense. Having the chain of title can be essential in litigation cases against lenders, especially for properties located in judicial-foreclosure states.In non-judicial foreclosure states, this research can be useful in bankruptcy defense, and it can provide the basis for directed discovery or evidentiary hearings, and is especially useful in defense in Unlawful Detainer Proceedings as a complete defense.Here is a list of judicial foreclosure statesConnecticut, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Nebraska, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Vermont, Wisconsin.Other states, including California, Oregon, Washington, use either non-judicial foreclosure methods or a combination of both.Each state in the U.S. handles it's real estate foreclosures differently, it's important to understand those differences and know your specific state's proceduresTHIS INFORMATION IS NOT TO BE TAKEN AS LEGAL ADVICE AND SHOULD BE EVALUATED BY YOUR ATTORNEY FOR CLARIFICATION AND ADVICE. If you need to obtain documentation on the holder of your client's mortgage Note and/or its securitization history, Paladin Securitization Auditors, LLC can provide you a Securitization Audit today!Disclosure: When you engaged Paladin Securitization Auditors, LLC to examine your real estate documents. This information is not to be construed as legal advice or the practice of law, pursuant to Business and Professions Code § 6125 et seq, it is the intent of Paladin Securitization Auditors, LLC, its members, auditors and independent contractors, not to engage in activities that could be considered the practice of law by conduct exhibiting any of the following practices: “…the doing and/or performing of services in a court of justice in any matter depending therein throughout the various stages and in conformity with the adopted rules of procedure. It includes legal advice and counsel and the preparation of legal instruments and contracts by which the legal rights are secured although such matter may or may not be depending in a court.”