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HOW TO FIND YOUR LOAN IN A POOLING AND SERVICING AGREEMENT (PSA)

HOW TO FIND YOUR LOAN IN A POOLING AND SERVICING AGREEMENT (PSA)

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Published by johngault
This is Walker's objection to Citi's latest claim. There is a map to finding your loan in a trust on P. 3.
This is Walker's objection to Citi's latest claim. There is a map to finding your loan in a trust on P. 3.

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Published by: johngault on Mar 05, 2011
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01/08/2013

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Mitchell
L.
Abdallah,#231804GeorgeM.Gingo,#147897
ABDALLAHLAWGROUP
10064
TH
STREE,4THFLOORSACRAMENTO,CA95814TEL:!(916)446-1974
FAX:I
(916)446-3371MITCH@ABDALLAHLAW.NET
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6AttorneysforDebtor:RickieWalker
FILEDJanuary26,2011
CLERK,U.S.BANKRUPTCYCOURTEASTERNDISTRICTOFCALIFORNIA
111111111111111111111111111111111111111111111111111111111111
0003236513
UNITEDSTATESBANKRUPTCYCOURTEASTERNDISTRICTOFCALIFORNIAInre:RickieWall{er,Debtor.CaseNo.
10-21656-E-llDCN:MLA-006
Judge:RonaldH.SargisDate:March3,2011Time:10:30a.m.Place:Dept.E,Ctrm.33SOlIStreet,6
th
FIr.Sacramento,CA95814
DEBTOR'SOBJECTIONTOCLAIMNUMBER5THEAMENDEDCLAIMOFCITIBANK,N.A.ASTRUSTEEMEMORANDUMOFLAWINSUPPORT
COMESNOW,RICKIEWALKER("Debtor"),andfilesthisObjectiontoProofofClaimnumber5asfiledbytheallegedCreditor,CITIBANK,N.A.ASTRUSTEEFORTHECERTIFICATEHOLDERSOFSTRUCTUREDASSETMORTGAGEINVESTMENTSIIINC.,BEARSTEARNSALT-ATRUST,MORTGAGEPASS-THROUGHCERTIFICATESSERIES2007-3(hereafter,"Citibank")pursuanttoBankruptcyRule3007andstatesthefollowing:Asecurityinterestinthepropertyofthedebtorisclaimed;however,theproofofclaimisaccompaniedbyincompetentandinconsistentevidencethatfailstosupporttheclaimthatCitibankhasauthoritytobringtheclaim,hasstandingorthat
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DebtorObjectiontoClaim#5ofCitibank,N.A.;MemorandumofLawinSupport
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thesecurityinteresthasbeenperfectedasrequiredunderF.R.B.P.Rule3001(d)andisfaciallydefectiveanddoesnotconstituteprimafacievalidityoftheclaim.TheproofofclaimdoesnotsetforthCitibanksclaimwithproperspecificity,pursuanttoFR.B.P.Rule3001(a)
&
(0).WHEREFORE,theDebtorobjectstoClaimnumber5asfiledbyCitibankandrespectfullyrequeststhisCourtenteranorderrequiringCitibanktofileanamendedclaimtocorrectthedefectwithin30daysandifnotcorrected,uponexpirationofthattime,theclaimisdisallowedinitsentirety.
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MEMORANDUMINSUPPORTOFOBJECTIONTOCLAIM
#5
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A.FACTS
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CitibankfiledanAmendedProofofClaimandinsupportthereof,attachedapromissorynoteandaDeedofTrust.Thepromissorynotestatesthattheoriginatoroftheloan-thelender-is"BayrockMortgageCorporation,AGeorgiaCorporation"(hereafter,"Bayrock")(SeeCitibank'sAmendedProofofClaim,PromissoryNote,para.1)ThenotewasexecutedonNovember21
at,
2006.(promissoryNote,caption)TheDeedofTrust,likethenote,alsostatesthatthelenderisBayrock.(SeeCitibank'sAmendedProofofClaim,DeedofTrust,para.(C»).And,theDeedofTruststatesMERSisthebeneficiaryoftheDeedofTrust(MERS"MortgageElectronicRegistrationSystems,Inc.").(DeedofTrust,para.E).
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AstotheDeedofTrust,CitibankfailedtoattachanyevidenceofanassignmentoftheDeedofTrustfromMERSorBayrocktoitself.
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Attachedtothenoteisamulti-generationalcopyofadocumentcalledan"AssignmentofNote".Thisdocumentispatentlyamulti-generationalcopybecauseitisclearlysuperimposedonanotherdocumententitled"Allonge".Thisdocumentdoesnotcarryadateuponwhichtheassignmentofthenoteoccurred.
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DebtorObjectiontoClaim#5ofCitibank,N.A.;MemorandumofLawinSupport
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ThisdocumentissignedbyBobBrown,VicePresidentofStrategicDevelopment,whooninformationandbelief,stoppedworkingforBayrockin2006.(Exhibit1,SectionA,DeclarationofGeorgeGingoinSupportofObjectiontoClaim#5)Mr.BrownindicatesontheAssignmentofNotethattheassignmentisfromBayrockto"Citibank,N.A.,asTrusteefortheCertificateholdersofStructuredAssetMortgageInvestmentsII,Inc.,BearStearnsALT-A-TrustMortgagePass-ThroughCertificateSeries2007-3",however,thePSAindicatesonitscoverthatitdidn'tevenexistuntilApril1,2007whichmakeshissignaturehighlysuspectasfraudulent.
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Citibankidentifiesitselfasatrusteeofasecuritizedtrust.ThattrustagreementisanIRSREMICknownasa"PoolingandServicingAgreement"(hereafter"PSA")andispubliclyavailableontheUnitedStatesSecuritiesandExchangeCommissionswebsiteathttp://sec,gov/Archives/S1dgar/data/1393737/000106823807000668/exhibit10-
.Lhtx;n.
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(PSA,Article11.01)
-HowtoFighttoSaveYourHomeinCalifornia,
byGeorgeGingo,LayneHaydenandBereniceDeLaSalle,OutskirtsPress(2011),Chapter5,stateshowtofindaPoolingandServicingAgreementby:...placinginyourinternetsearchboxthenameofyouroriginallenderfollowedby"8-1(",oravariant,suchas"Sk"or"8K"andhittingthesearchbutton.
It
wouldlooksomethinglikethis"WellsFargo8-k".Youshouldgethitswiththenamesofsecuritizedpools(trusts)frequentlyinaformsimilartothis-"XMortgageSecurityAssetBackedPass-ThroughCertificatesSeries200Y-Z",where"X"isthenameoftheoriginallender,"Y"istheyearyougotyourloan,and"Z"isthemonthyougotyourloan(HZ"maybeuptofourmonthsafteryougotyourloanasthetrustclosingdatemustbefundedwithin90daysofthetrust's"cut-off'datenotyourclosingdate.Ifyougettoomanyhits,narrowitdownabitbyaddingtoyoursearchtermsdifferentconfigurationsoftheyearandmonththatthetrustclosed.Theearliestthetrustcouldhaveclosedwouldbetheyearandmonthyougotyourloan.IfyougotyourloaninJanuary,2006,youwouldwrite
it
likethis:"2006-1";ortrythis:"2006I."Thewholeformatwouldlooksomethinglikethis:"WellsFargo8-k2006-2."Ifthat'snotsuccessful,gotohttp://wvl'w.sec.govandclickon"SearchforCompanyFilings"under"Filing
&
Forms(EDGAR)."Under"General-PurposeSearches,"clickon"Companies
&
otherfilers,"Then,inthe"Enteryoursearchinformation"box,typeinthenameofyouroriginallendernextto"Companyname"andclickonthe"FindCompanies"button.Companies'namesareoftenmadeupofmorethanoneword,soyoumayhavetotryyoursearchusingthefullname,aswellasonlypartofthename.Try
it
everywayyoumusttogeta"hit."Severalcompanies
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