Exhibit _M_ Letter From ATG to Trustees

8/6/2019 Exhibit _M_ Letter From ATG to Trustees

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Letter from Washington

State Attorney General

Rob McKennaTo The Trustees



Rob McKelUla -,

ATTORNEY GENERAL OF WASHIN'GTON' -::\H25 Washington Street SE·· PO Box 4fH OO • O lym pia 'VA 98504-0100 »: ~ I

r r )

Trustee Name

Address

City, State Zip Code~I

, -'

Potential Unlawful Foreclosure Practices in Washington-_.,-

October is, 20.]0

RE:

Dealt Foreclosure Trustee:

,"I am writing to you regarding serious problems associa:~,d'With'foreclosures in the stateof

Washington that we have been observing. As a trllsh,e-j.~()ndbl,e foe conducting non-judicial

foreclosures, YoOU have, a statutory duty to perform all _ ! c l ! f e p l o s m : e s illgood faith and you owe that

d n t y to both. the homeowner and the lender, Your · , a ' l . L t y - t i ' l ~ 6 1 u d . e s .assuring that every procedural

step, every legal notice, and allmandated mediation ol1(Pmtunities are provided to h 01 11 eOWn e1 '8

facing foreclosure in fullest conformance; with Jhe L a - w .'i

)

OUt office has beeninvestigating lenderS"~1l1ortgftge servicers and local trustees, We have

discovered that problems related to f o re b . Jo s W e processing are not limited to the national banks

and mortgage servicers, In Washin.gt®~' i" we have found evidence that foreclosure trustees appear

to be ignoring laws specific to 0Ul( 'st-ate 'aal :dmaybe regularly using some ofthe same

questionable practices used 9y/n~[i~na/ba:mks~, such. as:(/ r :!

• Employees of fo~l:08\ID;re trustees are signing documents posing as the corporate

officer of muUiplelbanks and mortgage servicers, This may misstate the signer's role

in the process .and ·b~a conflict of interest contrary to the trustee 1S o duties to ther I " ' \ ' . ' '

home'o~e;r. _ 'I 1 v

• Th~sigu~t~e~ of some t[u~t,e~s vary widely limn.document to ~locument.~hi!ch

suggests dtat trustees are signmg otherperscu's stgnatures. ThIS problem IS

comp~u:udedby ,the fad that the signatures are notarized "v:ith a . statement that the' . . , : . . - ' t · 1 l . . 1 di b ~ th- , :S :l Jg~QJt~ : lS I_ue actua person stan mg oero re e no tary .

" \ . . '-.,

,. :'_" Tmsrees may be foreclosing on homes when there is . no. dear chain ofownership for

- > the loan or (he security interest, Trustees must be sure that the lender has the

author i ty to, foreclose and that the documents which create tile chain of ownership are

accurate. One of the problems emerging nationally Is that lenders are "reverse-



ATTO RNEY GENERAL O F W ASH INGTO N

Trustee Name

O cto ber D , 20 10Pagel

-'~~

~~ < :

. .~ ,]. hai ~ itl . ludi 1. l' de t i ;i m ,. (r "\'1engmeenng tne C, am ortme, mcua mg n ac {- Ring documents to mace It ~Jl2Pear~s

though the loan was passed. from company to company on certain dates wl:r~!~Q,~S:uchassi gnment actually 0ceurred. -c .

-, <)

• Since July 26,2009, Washington trustees have been required to idou~t:y~tii~actua[

owner of the loan and the company that is acting as servieer, with. . th) :; i ' r~ifdresses and

aphone number for the: servicer, Many default notices have g9~, 01~lt\:VithOllttlriS

f e, equired information, ''''hich, can make ithsrder for homeown~Tst~ conrect andl d e a nwith their mortgage owners. ;>.; [ _1)

• Lenders with mortgages made betwoon2003 and 20&i:r~st ':;;'ise the borrower thathe or she,has the right to request mediationand, ifT~qUiSt~d~the loan owner will

schedule t~e meeting to occur within fourteen d,a~.s~ / t : b erequest, It is o;lr , .understanding that lenders are regularly [lot ~ell.D.lIg,~omeownersabout this right,

which exists to help homeowners explore alte.rh~"e) to foreclosure,· :::--...q

Your to!e as ,fo~·edo.~ui'etru~ree is tl~~nsure that e a c l ~ A ? i " e ~ l r i : S u . f eyou. conduct is completed ing ood faith an d, In~IUoOlll1phan~emth , the ]aw . B ~~g :3V oo lu ll1 gt~n S l~ e law a~lowsforedo-sure without com oversight, you are ~pa~iy most responsible for ensunng that

foreclosures are done properly. Cons,eql!lent~::;});SJ010u to suspend all fored?sures in which you

have not yet confirmed that all fOl'eclosure~~eratep documents were lawfully signed, that th e

chain of ownership is clear and has been!~:,,"~l~to you in full, and that S[8J, t .e consumer

p ro t ec tio n r eq u ir em e n ts have been fo U oW eB (J \, » < : ; : " ,

Om Consumer Pretectlon Dlvisicn b~~~ady begun. investigations regarding several h:mr tees

and ] would ask for yow: cooperati~~l1~'he!i]you are contacted. I have abo directed our legal

team to survey the i6on;dQs~Ie~,'lsteesiliat are not under investigation todetermine whether and,

how they a l o e reforming t~~~!l'a~iCeS to ' C 0 1 l J J p l y with th e law,

Sincerely, ~ 0.. ~ J~ 0 ~

U~~~ROB MCKENNA::--

A tto rn ey ,~ ~ '

t\ .....,,_

RM~:~~\

cC,;;.~~loJlltgage servicers and sub-servicers\\

: \ . . . . . . : : . . \

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A '& IF l ims ibe.e ,Se. l l l~ces , Inc

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Ass et Fo re d o sur e S e r u ic e s ., 1 II I1 e "

Ass ure,d !Lendler S e ' l ' \I '~ces ,I lnc",

A z te , c Fo re do su r e ' ' CO tr pOa ti on

of W as h ~ngt (m

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iB e ac on D e fa ult M a na gem e nt

B is h op , Wh J rt e, M a rs n a lJ &

We ib e ll , iP .s . 720 Oll~ \ !eWay"Suf r te 1301

C am p'b e lll" D iH e " B ar ne tt" S m i th & .

Wil ley 3.17 So u th M , e tr id lia n

Chicago Title lnsurance

EX.ecl l l t l i ' Je Trus tee

Se ru i ces !GMAC

Hde:1 i lDr INat iona,1TWe, Is u r an oe

Corrnpany

I F~ r s tAme r ic an ! Fi nan c ia l l

Gorpo raue n ,

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Gary Krohn

Green T t r 'ee 'Se l l. /l c ing tlC

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La wy ers lit le In sU ira nc e

i LFSLCo rpor a t. e Se r u im ' 5 " inc.

Marl S.E~got

M ic ha e l jo hn s,

MTC Fii r ianci ia~ Inc.

,Nat i ona l T r 'Us t ee ,q_o )'P \r a€ !lO ln

, - - . __ \ \ - - . . . _ \lNori l :hl! ' ! . l 'est i r~b!~t2e~~lVices Inc.

O~d Repu bl l i ( ; '~ " I 'i !: tona IIli i t le, . . . . . _ . . . . . .

I l r lSuraace GqmpaflY

O~d Rep~Di i: c :: iJ t l e H lo ll d ii ng'. ~~ \.Ca lm ~ . I r " .nc .I~ro~fi!f\lGeflde F T r us te e S e , rv h: :e s ,

LLC ... ..

152:50 Ve ntura Bhld •. S U lite 1150 S he rm a n O a.~ s

6 01 R ~ve rs id e .Ave n ue

225,5, Nimth Onta r ii l( } S t 1nee t ,Su i il e

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122.1 second Ave, su tte 50 (I" <, ( ~ : . : ' . ~ t t ~ 1,,~24HW'. LaPal lmaA l . !'e , Su i te '351!)( ' ,I i{~hei :m

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178'0 H am e s B llvd SW, Bundling G Tumwai te t r

13555 SE36th st, SUl i te ]OD

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Premier Financial l.AssQciaites, Inc" 110 East D Street , SUli te .~i Beniida

'P romm ilSSQ~utions!Ca II-Western

:Reco t 1\ fe ya nee Corporatlion

ULlallity Loan Senl'ioes

Ell'Cajon

San m~go

525 East Main Street

2141 FIfth Avenue

2380 Peliomnance DrIve

' MS RG \f -C4 -< \SO

615 1st Ave,nlie.•51.!te : S o o

CA

CA

Ridhardson

SeattUe

Reconlrust

Reg~omlillrustee' Selllli{)es,

IRestore,llouti on Trustee

Corporaition

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380.2 Spyglass Dr NIE Tacoma W.A (, -.. .

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s~srust !leed l)Jernrorlk

Scnweet Riek'e'&. IJinde" pacSe,aside Imstee, Inc.

Standiard Trust De,ed

standard Trustee Service

Company Washington

Westla ke\JiII11a,ge

Seattle

Ilentlllr.a

Concord

311'94 lLaBaya Dll1ilJe,SU irite'109,

575 S .,Mic'hiigan St

2734 Johnson Drive: #Z04

PO Box 5010

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2711 NI Hlaskell Aile" S'U~ite1100 Da~IaslJImmiril:ruste.e: Sef'll~ces, LlC TX

SlJnd bel)' & 'Pody

T,.Ii)..Servfce Com pan,\,Of

Washingiton

TiD Service Company

12.15 Fourth Avenue, Suite 920 Seattle W.A

520 E. Denny Way SeaWe WA

CARlO E. ~irstStreeit , StJli te 2W

th em p se n tF or ed os ,L lr e R !e m e d y

and lrustee Solluticms, 139 S 33:1.st PI Apt 6Ql W.A

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Washbreck LLC

l:iVine,

5iIv,e'rdiaie

il'lline'

CA

W.A

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Exhibit _M_ Letter From ATG to Trustees

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Transcript of Exhibit _M_ Letter From ATG to Trustees