Metro Atlanta Securitization Law Firm

Providing shelter from the threat of foreclosure

The law firm of B. Phillips & Associates PC is skilled in tracking down what has become of your securitized loan, thereby providing important data to be used in:

• Foreclosure defense
• Litigation against lenders
• Bankruptcy defense

What is securitization and how does it affect you?

Securitization is the process by which residential and commercial real property mortgage loans are bundled and sold to investors.  This can happen immediately after loan origination or months later. Large-scale investment banking firms routinely sell or purchase large blocks of loans and place them into trusts known as real estate mortgage investment conduits  — REMTICs. Shares of these trusts are then sold to other investors.

Due to this process of securitization of mortgage loans, the lender often has no standing to foreclose in many foreclosure proceedings. Not all loans are securitized.  It is necessary to investigate whether your mortgage has been securitized in this manner.  If it has, the lender many not have standing to foreclose.

Foreclosure defense can be very complicated, and varies by state. It is important to choose an attorney who is well versed in these procedures: 

• Judicial foreclosures are processed through the courts, beginning with the lender filing a complaint. The complaint states what the debt is, and why the default should allow the lender to foreclose and take the property given as security for the loan.
• Non-judicial foreclosures are processed without court intervention, with the requirements for the foreclosure established by state statutes. 
• Some states, like Georgia, use a combination of both procedures.

Knowing what happened to a particular loan and where it ended up is important: 

• In judicial-foreclosure states
  • Foreclosure defense
  • Litigation against lenders
• In non-judicial foreclosure states
  • Bankruptcy defense in non-judicial foreclosure states
  • Basis for discovery
  • Basis for evidentiary hearings

The law firm of  B. Phillips & Associates PC is adept at doing research to uncover this information and use it to their clients' best advantage.

A second chance for a new financial beginning

If you are experiencing financial hardships, contact B. Phillips & Associates PC for a free consultation to discuss your consumer debt, IRS or foreclosure problems. We focus exclusively on helping people with problems like yours, and have helped many clients in your situation resolve their financial issues and get a fresh start.

We have three offices conveniently located in the greater Atlanta area and serve clients throughout the state of Georgia.  Our main office is located in "The Avenue" Office Complex, Exit 13, Route 400, Cumming, Georgia, and we also have offices off Route 400, Exit 8, Roswell and Exit 5, Dunwoody. Call us at 678-456-4202 or contact us online to set up an appointment.