[quote=msoliman]My name is MSoliman and I am an authority on SEC 401 D registrations and securitized issuances with respect to a wrongful foreclosure. The California Requirements to the amended code are specific to Contacting the Borrower as for workout Options. It is a prejoritive addendum however with regards to the borrowers failure to meet the amendments requirements and for defining the intent of the serciving agent in a revcovery effort. The benficiary is compelled to adhere to the code and will find a borrower even more excited to comply. The facts are the revocery efforts (lender) views this as an obstacle with a clearly defined method prescribed by law for allowing the foreclsure to proceed as intended.
Specifically its a code enforcment that prior to Foreclosure must provide a solution to default and Declaration re Same with Notice of Default and/or Notice of SaleCivil Code section 2923.5 applies to loans initiated from January 1, 2003 to December 31, 2007 secured by residential real property for owner-occupied residences. Owner-occupied means it is the borrower’s principal residence.
Homeowners must follow a prescribed defensive response that will document proper adherance to the code and introduce substance in support of non compliance with the lenders recovery.
In other words “Do not blow this opportunity” . I will look to the moderator of this site to further instruct on how to provide attorneys and readers additional information on enforcing a 2923loanmod.
