homeowners – DTC Systems Inc

Lawyers CLE Workshop On Foreclosure Defense and Offense in Ft. Lauderdale, FL

By Daniel Edstrom
DTC Systems, Inc.

LAWYERS CLE WORKSHOP ON FORECLOSURE DEFENSE AND OFFENSE

SEE LIVINGLIES BLOG FOR DETAILS ON THIS EXCITING REVISION AND IN-DEPTH UPDATE OF GARFIELD CONTINUUM

EARLY BIRD ($995) FOR AN ATTENDANCE PASS TO THE GARFIELD CONTINUUM CLE SEMINAR, 2 DAYS, CLE CREDITS VARY FROM STATE TO STATE, ESTIMATED AT 16 TOTAL CREDITS, 2.5 CREDITS ETHICS.

The PRESENTERS are Neil F Garfield, Esq., Jon Lindeman, Esq., Alex Goldovsky, Dan Edstrom, Lori Enriquez, James Macklin, and Beth Findsen, Esq..

Conference Pass – for Attorneys, includes lunch and seminar materials in digital format .
JUNE 25-26 – in FORT LAUDERDALE, FLA

Retail $1495, EARLY BIRD $995 UNTIL JUNE 15, RESERVE SEATING NOW, SPACE LIMITED

Membership $1395, EARLY BIRD $895 UNTIL JUNE 15, RESERVE SEATING NOW, SPACE LIMITED, Go to livinglies.wordpress.com for membership pricing

Continue reading “Lawyers CLE Workshop On Foreclosure Defense and Offense in Ft. Lauderdale, FL”

If you haven’t heard of John Courson,

I want to change that.

John is the President and CEO of the Mortgage Bankers Association.

by Daniel Edstrom

Mr. Courson believes that it is a moral imperative to keep your financial obligations. If you haven’t seen the video here http://www.thedailyshow.com/, you should.

Now let’s look at the alleged obligations and who is actually obligated. This will lead us down the road to defaults and who is actually in default. If you have a mortgage, you by default are the obligor because you are the one with the “obligation” to repay. The note you signed is not the obligation but is evidence of the obligation. The obligation arose when money was advanced by a “creditor” and you accepted the money. So even if the note doesn’t exist there is still an obligation. A default occurs when you fail to meet the terms of your obligation. In days gone by this would be the end of the story, but thanks to Wall Street financial engineering we haven’t even reached the beginning yet.

We now jump ahead in the story and skip all the details of securitization including when, if and how your loan was allegedly transferred into the mortgage loan pool (the securitization trust). We will just assume for the sake of argument that your loan is in the pool and that everything is A-OK, which is what the big banks with the robo-signing blues are saying anyway. The SEC Filings are the governing documents and because they are typically a thousand pages of legal gibberish, you have to understand what words mean, such as “obligation” and “default”. Let’s start with default. Here is what US Bank, N.A., which acts as Trustee on thousands of securitized trusts says a default is (from http://www.usbank.com/cgi_w/cfm/commercial_business/products_and_services/corp_trust/terms_ps.cfm#d): Continue reading “Obligations and Defaults”