Securitized Bankruptcy Systems

This company specializes in bankruptcy tailored for saving homes nationwide. Ask about our Mortgage Modification Mediation (“MMM”) Bankruptcy Program.

YOUR MORTGAGE BIFURCATION SPECIALIST
775-276-5293
SBSBankruptcy@att.net

This Company is a professional at bankruptcy tailored for saving homes USA wide.

Studied for 12 years in real estate, bank fraud, foreclosures and bankruptcy tailored for foreclosure illegal debt collection. Only facilitate what can help homeowners. You are filing Pro Se with no attorney, with what we write and process for the Bankruptcy court. (Documents are prepared for homeowners to file Pro Se in Bankruptcy Federal, District or State Courts) Court cost as follows;

  • Use professional bankruptcy software which handles all states
  • Chapter 7 bankruptcy cost $500.00
  • Chapter 13 Cram-down Lien Strip cost $700.00
  • AP Quiet Title Action $800.00 per home owned
  • Court may charge you around $320.00 if Fee Waiver is not granted by the court
  • The aim here is not to demand a free home through Federal Bankruptcy, Without the Note debtor fails to meet the validation of debt 11 U.S. Code § 523 - Exceptions to discharge, 15 U.S.C. § 1692 and Uniform Commercial Code § 3-301 Person entitled to enforce, § 3-302 holder in due course, § 3-303. Value and consideration § 3-304. Overdue Instrument and § 3-305. Defenses and claims in recoupment. Explaining to the trustee and or judge that at the end of the day you propose to HARP modify the debt once validated. At least shows the judge you are not demanding a free home.
  • 11 U.S. Code § 501 - Filing of proofs of claims or interests
  • 11 U.S. Code § 506 - Determination of secured status
  • Rule 52. F.R.Civ.P. applies in adversary proceedings, except that any motion under subdivision (b) of that rule for amended or additional findings shall be filed no later than 14 days after entry of judgment. In these proceedings, the reference in Rule 52 F.R.Civ.P. to the entry of judgment under Rule 58 F.R.Civ.P. shall be read as a reference to the entry of a judgment or order under Rule 5003(a).
  • Rule 37 Failures to Compel Documents Federal Law
  • Rule 7026. General Provisions Governing Discovery
  • Rule 7037. Failure to Make Discovery: Sanctions
  • Rule 7052. Enforcing proper findings by the Court

I can only offer a possible solution to save your home as I have seen it work time after time, but I'm not an attorney cannot offer legal advice. But attorneys will always state secured debt on mortgages so you would not have a fighting chance.

If you have been foreclosed on expect a 1099c. IRS Home Foreclosure and Debt Cancellation Amnesty for primary residence are coming to an end. In addition; foreclosure on rental properties was never covered and you will be taxed. Once the IRS fines you it is too late to file. Bankruptcy saves you from future big tax audits.

IRS Link https://www.irs.gov/uac/home-foreclosure-and-debt-cancellation

Download Bankruptcy requirements at this link

https://www.dropbox.com/sh/74c30fok421a5ef/AACxrjbe5osKVG7sQYdquQWba?dl=0

I transferred property out of my name. Should I wait to file for bankruptcy?

http://www.nolo.com/legal-encyclopedia/i-transferred-property-name-should-i-wait-file-bankruptcy.html

This process is first file Bankruptcy Chapter 7 unsecured debt on the first and second mortgage (If there is a second) get the debt discharged as unsecured then file a quiet title action removing the Deed of Trust.

Securitized mortgage loans become an unsecured debt when notes are bifurcated and securitized.

What Is Mortgage Bifurcations?

Bifurcation refers to breaking something and splitting something into two pieces. In a bankruptcy court, mortgage bifurcation is the process of forcing a balance reduction by splitting a loan into secured and unsecured debt. Outside of bankruptcy, bifurcation refers to separating a mortgage from the underlying trust deed.

What are Bankruptcy Bifurcations

If you file for a chapter 7 you discharge your unsecured debt. If you file for a chapter 13 bankruptcy you reorganize your debts. The court has the option of splitting your secured debts into two pieces. A secured portion of the debt stays with the property, while another amount that you owe that is higher than the value of your collateral, gets turned into unsecured debt and potentially released. Also known as a "cramdown," mortgage bifurcations aren't allowed on your primary residence's first mortgage.

Allowed Bifurcations

While you can't bifurcate the first mortgage on your primary home, any other mortgage is fair game in a Chapter 13 bankruptcy. The court can bifurcate second or third mortgages or home equity lines of credit. It can also bifurcate a first mortgage on a second house, as well as a car loan on an upside-down vehicle.

Notes and Mortgages

Your home loan is actually made up of two parts. When you took out your loan, you signed a promissory note to pay the lender's money back. To turn your house into collateral that the lender could take without having to go through a collection lawsuit or having to worry about your homestead rights, you also gave your lender a mortgage or trust deed. That security instrument formalized your lender's rights to the home. Normally, those two documents -- the note and the mortgage -- should stay together, both in the lender's possession.

Mortgage Bifurcation

Sometimes, the mortgage and the note get split up. Given that lenders frequently sell notes to other lenders, it's natural that this could happen. When the ownership of the note and mortgage get split, creating a "naked mortgage," it can be harder for the lender to foreclose. Further complicating matters, many lenders coordinated their loan transfers through a third-party, Mortgage Electronic Registration System, Inc. Until 2011, when MERS stopped being involved in foreclosures, loans involving MERS were in a state of legal limbo, with some states not allowing MERS to be involved in the process. If you're in foreclosure, bifurcated mortgages can still be good enough for a court to allow a lender to foreclose, but it's never a bad idea to get some expert help to understand where you sit.

Once a note is severed it cannot be brought back as whole again...

Use of this Web site and materials presented on it is subject to the following terms and conditions. By using this site, you agree to these terms and conditions and acknowledge reading them.

This Web page includes disclaimers and disclosures concerning the following topics:

No Attorney-Client Relationship
No Legal Advice Intended
Licensing Status of Attorneys
Links
Privacy Statement
No Warranty or Liability
Our Copyright and Intellectual Property Rights
Additional Disclosures and Information
The term "SBS" in this Web site refers to Securitized Bankruptcy Systems, a California limited liability partnership, unless the context otherwise requires.

All materials have been prepared for general information purposes only to permit you to learn more about our firm, our services and the experience of our attorneys. The information presented is not legal advice, is not to be acted on as such, may not be current and is subject to change without notice.

No Attorney-Client Relationship or Legal Advice

Communication of information by, in, to or through this Web site and your receipt or use of it (1) is not provided in the course of and does not create or constitute an attorney-client relationship, (2) is not intended as a solicitation, (3) is not intended to convey or constitute legal advice, and (4) is not a substitute for obtaining legal advice from a qualified attorney. You should not act upon any such information without first seeking qualified professional counsel on your specific matter. The hiring of an attorney is an important decision that should not be based solely upon Web site communications or advertisements.

You also should not rely upon the transmission of an e-mail message to an attorney through this Web site to create an attorney-client relationship. The transmission or exchange of information will not do so. Without an attorney-client relationship in the matter, we cannot assure you that your communications will be privileged or (unless we otherwise agree in a specific case) that we will treat them as such. Please do not send us any confidential or sensitive information until you speak with one of our attorneys and obtain prior written authorization to send that information to us.

Licensing Status

Unless otherwise expressly specified, the attorneys listed in this Web site are not certified by, or certified as specialists or experts by, any professional or governmental agency or authority. Designations of our firm's practice areas, or of expertise, practice concentrations or specializations of our attorneys are not intended (1) to suggest or represent the contrary, or (2) to suggest any professional or governmental standard by which such experience is measured, or (3) to denigrate other attorneys or firms in any way.

Although we have offices in several jurisdictions, our attorneys are licensed to practice only in those of such jurisdictions designated in their respective biographies. Unless otherwise stated, attorneys in our offices in countries outside the United States are not solicitors or barristers and are not licensed as local attorneys in the jurisdiction in which their office is located.

This Web site is not intended as advertising or solicitation in any jurisdiction where the site would be so characterized and fail to comply with all applicable laws and ethical rules of that jurisdiction. SBS does not seek to represent anyone based solely upon a visit to this Web site or upon advertising, or where to do so would not comply with applicable local laws and rules.

Links

We may from time to time, directly or indirectly, provide links to or accept links from Web sites of other parties for convenience. We do not control or maintain the material presented by other persons in their Web sites. The inclusion of any link on our Web site does not imply any association or relationship between SBS and the person sponsoring the linked site and does not constitute or imply any endorsement, approval or sponsorship of the linked site by SBS, or the endorsement, approval or sponsorship of SBS by the sponsor of the linked site. The links do not imply legal authority to use any protected rights of others reflected in the links. We do not vouch for or assume any responsibility for the content, accuracy or completeness of material presented directly or indirectly in linked sites. If you use any of these links, you will leave our site.

Without our prior written consent, you agree that you will not link material on our site to another Web site, or associate or frame material in this site with another Web page or materials of any other entity. If we permit such link, association or framing, you must agree to include or link with it this Disclaimers and Terms of Use Web page and to immediately terminate the link, association or framing at our request, unless we otherwise expressly agree.

Privacy Statement

If you visit our Web site simply to browse, we may collect general information about the way in which you use our site, including the time and duration of visit, type of Web browser used, the operating system/platform you are using, your IP address, the Web sites from which you linked to us, and your CPU speed. We also may note whether and how you use the site by recording site traffic patterns and "clickstreams." We may use this information to identify levels and areas of interest in our firm and to improve and refine our site.

If you choose to provide us with personal information about yourself, either through a form on our Web site or by sending us e-mail, we may collect and use that information to contact you or to send you additional information. We do not sell any personally identifiable information provided by our visitors to any unrelated third party, but we may share it with related entities or with unrelated third parties in connection with our own marketing activities or the maintenance and operation of our site, or as may be legally required. (Please also remember the additional warnings under "Disclaimers/Terms of Use" not to send confidential or sensitive information, to us through this site.)

Although we use security that we believe to be appropriate to protect the limited personal identifying information disclosed to us on this Web site, we do not guarantee that our security precautions will protect against and we expressly disclaim any liability for any loss, misuse, or alteration of your information or from your access to or use of our information.

We may use "cookie" technology. A cookie is a small amount of data sent by our Web site and stored on your computer's hard drive that our site can read and which helps us keep track of how you use our site. Many Web browsers automatically accept cookies by default, but contain an option for you to turn off the cookie acceptance if you prefer.

If you do not want us to further use information previously given by you on or through this Web site to contact you, or if you wish to correct such information, please contact Info@omm.com.

No Warranty or Liability

The information presented on this Web site is provided "as is" without representation or warranty of any kind -- as to suitability, reliability, applicability, merchantability, fitness, noninfringement, result, outcome or any other matter. We do not represent or warrant that such information is or will be always up-to-date, complete, or accurate. Any representation or warranty that might be otherwise implied is expressly disclaimed.

You agree that we are not liable to you or others, in any way or for any damages of any kind or under any theory, arising from this site, or your access to or use of or reliance on the information in or through this site, including but not limited to liability or damages under contract or tort theories or any damages caused by viruses contained within electronic files of this site or any linked site, regardless of prior notice to us.

SBS Copyright and Intellectual Property Rights

Unless otherwise noted, all materials, including but not limited to images, illustrations, designs, icons, photographs, video clips, software, and written and other materials that are part of this Web site or any other SBS Web site are protected under copyright laws and are the trademarks, trade dress and/or other intellectual properties owned, controlled or licensed by SBS. You may download and view material on this Web site for your personal, temporary, non-commercial viewing only. No part of these materials may otherwise be copied, reproduced, stored, republished, uploaded, posted, transmitted, or distributed in any form or by any means, electronic or mechanical, now known or hereafter invented, without the prior written permission from SBS.

Without limiting the foregoing, SBS and the stylized "SBS" appearing on this Web site are registered trademarks of SBS.

Additional Disclosures and Information

Practice and other descriptions, including attorney biographies, on this Web site may include descriptions of successful client representations, strategies or outcomes in matters, including transactional and adversarial proceedings. The results portrayed were dependent on the facts of the particular matters described, among other variables. Results will differ if based on different facts. We intend no assurance and make no guarantee or prediction that we will be successful in new matters, even if they involve similar facts and circumstances, or that we are successful in all matters. Results in any matter are not necessarily indicative of or similar to results in other matters.

Client Alerts presented on this Web site are summaries for general information and discussion only and may be considered an advertisement for certain purposes. They are not full analyses of the matters presented, may not be relied upon as legal advice, and do not purport to represent the views of our clients or the Firm. The views expressed in these newsletters are the views of the authors only except as otherwise noted.

For purposes of New York State Bar rules, this site may be considered attorney advertising.

We designate, to the extent that any jurisdiction requires designation, our Los Angeles Office as our principal office and host server location and George C. Demos as the attorney responsible for this site.

Any disputes concerning this Web site and the information in or use of it shall be governed by California law (without regard to conflicts of law principles), and any proceeding which may arise out of or in connection with this Web site shall be brought solely in a court in California.