CFLA’s V.P of Auditing and Senior Expert Witness, Michael Carrigan describes the loan scenario below:

"The characteristics of this audit are that this was an FHA loan with Ginnie Mae involvement in guaranteeing loan. Thus, I used a qualifying Ginnie Mae trust. The original assignment was made by an Assignor employee and so the usual line of attack that an Assignee signed the Assignment was not available. But there was a break in the chain of title such that the appointed Trustee of Deed of Trust, Everbank, was not assigned the Deed of Trust. Assignment made to one Inland Mortgage Corporation.

I pointed out that the substitution of trustee, however, showed that Everbank authorized the change of Trustee of the Deed of Trust. The substitution was made by one of up to sixteen personnel c/o Auction.com, LLC, which might be considered an indication of lack of first-hand knowledge. I also pointed out the further invalidity of the document that Florida-based Everbank seemed to have little idea of the difference between a Mortgage (judicial foreclosure) and a Deed of Trust (non-judicial). p.7.

So overall, this is a case with non-disclosed collateral in a securitized (government entity) trust and a specific omission in the chain of title, compounded by foreclosure document preparation errors. And these types of chain of title discrepancies (illogical or omitted links) occur frequently."

The final Judgment was handed down by Judge Patricia J. Kerrigan in the District Court of Harris County, TX, 190th Judicial District; Cause No. 2013-72329; wherein the Court... "Further ORDERS, JUDGES & DECREES that the Deed of Trust filed of record with the Harris County, Texas Real Property Records under file number S258393, is REMOVED from the title to 11545 Walnut Meadow Dr., Houston, TX 77066, as to Defendant Everbank, now and forever."

CFLA has made available DVD's on Quiet Title taught by Jeff Jackson & Chad Elrod of Jackson & Elrod as well as information on cutting edge CFLA Quiet Title and Bloomberg Securitization Auditing Services at CFLA.com

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CFLA was founded by the Nation’s Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we’re careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it’s the founding principle, just ask Andrew P. Lehman, CFLA’s Chief Executive 888-758-2352. Call us today to obtain samples of work product, including Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and to get more information about our Nationally Accredited and Industry Acclaimed “Forensic Loan Auditor Training Certification Classes (3 days). The Nation’s Only Certification Training Class for Auditors in this industry!

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