Securitization Workshop for Attorneys January 29th 2011 in Los Angeles
By Daniel Edstrom
Join us for our 2nd Securitization Workshop for Attorneys being held in Los Angeles on January 29th, 2011. Visit the event webiste for more information: http://securedocumentresearch.eventbrite.com and visit our product page for a super early registration price if you sign up by December 31, 2010: http://dtc-systems.net/products/securitization-workshop-attorneys-los-angeles-ca-january-29th-2011/
Description of event:
SECURITIZATION WORKSHOP FOR ATTORNEYS
January 29th, 2010 – in Los Angeles, CALIFORNIA
[Location will be determined soon]
SECURE DOCUMENT RESEARCH
Auburn, CA 95603; ph: 530.888.9600
DTC Systems, Inc.
Secure Document Research and DTC Systems, Inc.in Association with the Garfield Continuum and Neil F. Garfield, Esq.
REGISTER EARLY, LIMITED SEATING IS AVAILABLE
Continue reading “Securitization Workshop for Attorneys January 29th 2011 in Los Angeles”
Patt Morrison on Southern California Public Radio
Listen to the recorded version of the Patt Morrison’s show on scpr.org
Katherine Porter, visiting professor of bankruptcy, consumer finance & secured credit at the Harvard Law School
Daniel Edstrom, head of the securitization auditing firm DTC-Systems
Securitization issues related to foreclosures and paperwork is discussed.
Katherine Porter states that Wrongful foreclosure is when the house is foreclosed on and there is no default. This is an interesting definition because in nearly all cases in securitization, the loans are current. The obligation is not in default because the Securitization Trustee and the investors have received all payments. So nearly all Securitization foreclosures are wrongful foreclosures? That is the elephant in the room that nobody wants to look at.
Why are the loans current in securitization? Because the servicers and securitization trustees are required and obligated to make the payments whether or not they receive the payment from the homeowner.