Escape from ACENDEN Capstone

[..call me SNAKE.]

Re: Escape from ACENDEN Capstone

what a borrower will never get disclosed by ACENDEN
or from Lehman's

the infamous 'mortgage sale agreement'

SPML Preferred Mortgage Sale Agreement 2007 - Copy.zip

[..call me SNAKE.]

Re: Escape from ACENDEN Capstone

page 2 of the MSA :


3.2 Terms of Sale and Purchase It shall be a term of any sale referred to in Clause 3.1
Sale and Purchase of Mortgage Loans) that the relevant Seller with full title guarantee (or, in the case of Scottish Loans, with absolute warrandice, or, in the case of Northern IrishLoans, as beneficial owner) shall sell and the Issuer shall purchase, subject to the subsisting rights of redemption of the Borrowers:

[andrew1]

Re: Escape from ACENDEN Capstone

The REAL owners of your SPML/PML/SPPL/LMC mortgages: the 'Special Purpose Vehicles or Entities' (SPVs/SPEs).

ALL are wholly independent PLCs. There are 35 SPVs, who actually own your mortgage loans, here is one below;



[ATTACH]5999[/ATTACH]


[ATTACH]6019[/ATTACH]


[ATTACH]6029[/ATTACH]


[ATTACH]6031[/ATTACH]


make NO mistake SPML/PML/SPPL/LMC donot own your mortgages!

As a matter of interest, how likely is it that any documents found in an SAR for example, would identify which pool of loans were attributed to which SPV? How easy would it be to find out which SPV has any one persons loan?

For example, in our Shabbey National mortgage, within the SAR was a Screen shot showing the Poole number used when they securitised via Holmes Trustees - their SPV....is it likely the same could apply here?

[..call me SNAKE.]

Re: Escape from ACENDEN Capstone

its very dificult A1, see page 1 on this thread- could be listed on the Irish Stock exchange.

you need to find the name of the SPV, Lehman borrowers got a notice from Acenden to add the SPV to there insurance docs. you may get the name of your SPV from a SAR, but then you need the 'Pool Datatape', which lists all the borrowers loans on that mortgage pool, as of those posted in this thread., but the Servicer will never disclose it through a SAR. so you have to make a CPR31.6 application for disclosure and hope a fair judge will give it.

again, almost impossible- the bankstas will do anything not to reveal that document to the British people, because amongst many revelations, is that it will say the Issuer(SPV),will NEVER modify a mortgage loan..so its fatal once your loan has been securitised. all Pre-Action protocols are disregarded.

[Sappho54]

Re: Escape from ACENDEN Capstone

Because the SPV's have mostly now registered the transfers of the loans with the Land Registry, Acenden are now collecting on behalf of the relevant SPV, so you know exactly what pool of loans. If they have not registered with the LR it is more tricksy. It is worth looking at the prospectuses when they floated the mortgage notes if you know the SPV. Out of interest why does it matter which SPV?
If you can get the TR4 from the Land Registry which is the legal document that formally transfers from the originator (SPPL, SPML Preferred whatever) to the SPV it will contain a full list of all the properties in the portfolio.

[..call me SNAKE.]

Re: Escape from ACENDEN Capstone

the difficulty with Swift mortgage loans is that there was no transfer, so no TR4s

[..call me SNAKE.]

Re: Escape from ACENDEN Capstone

an important post from Tuttsi's WEBB Thread, INSIDE JOB!!! like we all did'nt know already! we have always said, these 'sub-crime lenders', were never in the mortgage business but the REPOSSESSION business!

SUB-CRIME.



27th September 2012, 18:58:PM Forum Home #178 jojo5886

• View Profile
• View Forum Posts
• Private Message
• View Blog Entries

Junior Member


Join DateSep 2012Posts1Thanks (Given)0Thanks (Received)0

Re: Webb Resolutions

good evening to you all,

i will reveal a little info for you...as ex employee of crown management - webb and several other firms all associated with them are currently using bully tactics via solicitors to get hold of your property.. they have devised a a very devious system of putting people into a certain portfolio of clients which are 100% targeted for repossession only.

if you are a current borrower with webb or associated companies and have no arrears you will offered the chance to move, or offered a discount etc as they don't want your custom.. they have purchased a huge number of mortgages all with some history of arrears, those are the ones purchased in a very clever tie up with some sub prime lenders. they then target the individuals who have have previous court hearings etc. and use there net work of solicitors to issue charges etc. we are all told not to interfere with these cases and if were assigned these customers we were instructed to say no to any offers. thus the option you guys had was then going to court. now 95% of the people who go to court struggle to find any solicitors who will represent them without being paid upfront - also they know its very difficult for anyone to get a lawyer to act swiftly in these situations as does take them time to investigate and prepare your options. thus you end up in court without a solicitor. webb and co will then send a agent from the local area to go to court and basically slag you off and use terminology only the judge and they understand. it doesn't matter to webb if you win the hearing as they will then make it little more difficult for you and they know the arrears charge per month is in fact keeping you in arrears constantly. so if you offer to pay 100 arrears a month, the formula they have works out you will never get ahead with the charges and sink slowly to another hearing.


if then ring up wanting to discuss it the case manager will tell you they require all the arrears to stop any further hearings etc. in the mean time you are paying interest on the charges, they will look for a loop so they can use another solicitor to start proceedings for the charge arrears. usually a London firm who are almost under contract to produce these letters..

you will then be charged for this privilege and webb know your sinking into another court hearing. they know the panic sets in.. they know you cant afford a solicitor and then go to court in a team of 2 or 3 .. 1 member from crown goes- 1 from webb and the local agent solicitor / representative will go dependant on the case. they will take all your history which is already bad enough but they feed it to the judge extra early so he has time to read it .


it always makes bleak reading. webb are also fully aware of the clients constantly using the Norgan case as there back up. judges are now declining this case as webb are insisting you have failed and defaulted and then will go over your full payment history in a damning manner.. its done to humiliate the client and increase the tension so you the customer panic. the judge isn't bothered either way who wins the case, the judge will say you have broken the loan agreement etc. your mortgage has increased in size due to the arrears etc. webb know your defence will be unreasonable charges applied etc. but they also know you cant barley it as they are not regulated and they like it this way. every single one of the directors or top management has been involved with all the bent sub prime lenders that don't exist anymore.

webb and the other companies are no small players- all very highly managed - the directors know it is immoral - but perfectly legal how they practice.

it may sound harsh but they are doing nothing wrong effectively. I feel very strongly how they operate and don't like it either. it will almost impossible for anyone to challenge them unless you have a top lawyer and get webb into the high court. this would be a massive achievement and the findings would be astounding.. until the uk government force these companies into regulation it will continue hand over fist.
i know of people killing themselves over webbs treatment. webb aren't interested and you will find once they have repossessed your home - they will not write to you and wont communicate with you . leaving you wondering what is happening.


they will have already got 2 agents in your area to have a done a survey approx. month before the hearing. they are well prepared and usually do a deal at approx. 20% under todays market price. if you then want to buy your home back webb will tell to go to the estate agents and buy it as a fresh sale or pay up all the arrears and charges plus the repossession costs full well knowing 99.9% cant afford to and cant get another mortgage.

they don't care if your dead, sleeping on the streets etc. and pride themselves on making a return of 100% -150% on your property.

it is frankly a very clever network of companies all inter twined all charging each other in one way or another. resulting a huge business with thousands of mortgages and i mean thousands.

a very strong balance sheet as well, which is virtually impossible to break down unless you work for kpmg or top accounts firm. its a well run border line legit company out to to screw the vulnerable and take there home away.

i would beg all of you reading this and all of you who have suffered to contact all the relevant organisations, bbc tv etc., contact your local MP.. if all the MP's get complaints and take there findings to the house of commons it could be become huge and force webb to either shut down or sell its business portfolio. it is again very hard as all there top management are legit crooks. eg.. ex northern rock director and some other major players.



i will in due course try to put up something of value for you to use. thankfully i don't work there anymore and you find the staff all youngsters.. which sums up to the way they behave.

it also comes down to your original lender selling them your mortgage / loan to an unregulated company.

put it one way.. when ever you took you mortgage out it was doomed from day one and your lender knew it. this is the proof you guys needs..

i suggest everyone gets there subject to access requests in with your mortgage lenders and webb.. it reveals a world of powerful info.

forget phone calls etc. webb will deny they took place unless you have it recorded.

crown - webb - rooftop - lapitus your directors should be ashamed.. close the electric gate behind - an ex employee wants you shut down.. in the gutter where you belong and throw away the key when they send the bent corrupt directors to prison for fraud. may be i should put your home addresses online for the public to view... they can be found easily enough if you know who they are.

[..call me SNAKE.]

Re: Escape from ACENDEN Capstone

SOUTHERN PACIFIC PERSONAL LOANS Ltd (SPPL) now in LIQUIDATION..



Capitalised terms used but not otherwise defined herein shall have the meanings ascribed to them in the Terms and Conditions of the Notes set out in the Trust Deed (the "Trust Deed") dated on or about 16 August 2007 (as amended) and entered into between the Issuer and BNY Corporate Trustee Services Limited (the "Trustee") and the master definitions schedule (the "Master Definitions Schedule") dated on or about 16 August 2007 and entered into, among others, the Issuer and the Trustee.
We refer to the notices issued by the Issuer to the holders of the Notes (the "Noteholders") dated 14 December 2009 and 12 August 2010 (the "Notices").
Further to the Notices, the Issuer would like to inform Noteholders that a board meeting of the directors of Southern Pacific Personal Loans Limited ("SPPL") was held on 8 August 2012 (the "Meeting"). At the Meeting, it was resolved that SPPL be placed into a creditors' voluntary liquidation and a written resolution from the sole shareholder of SPPL will be sought to that effect.
Pursuant to SPPL's liquidation, the Transaction Documents envisage certain actions to be taken by the Issuer as set out in the Notices. These actions have already been taken and the Issuer does not intend to take any further actions at this point.
Queries may be addressed to the Issuer as follows:
Eurosail-UK 2007-4BL PLC
c/o Wilmington Trust SP Services (London) Limited
Third Floor
1 King's Arms Yard
London EC2R 7AF
Attention: Martin McDermott/Mark Filer
Telephone: +44 (0) 20 7397 3600
Fax: +44 (0) 20 7397 3601
e-mail: MMcDermott@WilmingtonTrust.com/MFile...ngtonTrust.com

[Sapphire]

Re: Escape from ACENDEN Capstone

Here's a credit check on them, I've deleted some links, but have a look who the Ultimate Holding Company are.

SOUTHERN PACIFIC PERSONAL LOANS LIMITED	04096093
	UK03747202
HILL HOUSE RICHMOND HILL	Hill House Richmond Hill Bournemouth Dorset BH2 6HR
BOURNEMOUTH
BH2 6HR
-
-
-	No
25/10/2000	In Liquidation
	Private limited with Share Capital
-	15/02/2012
	£55,000,100
6523	GBP
OTHER FINANCIAL INTERMEDIATION (NOT ELSEWHERE CLASSIFIED)
64999
FINANCIAL INTERMEDIATION NOT ELSEWHERE CLASSIFIED
Secured personal loan lending. T/O = Other operating income.

Credit Rating & Limit

Not Rated - In Liquidation	Not Rated
-	-
No Limit

International Score

E

Not Rated

The score represents a common risk scoring platform which enables companies to be compared on an international basis.

Ultimate Holding Company

US29405187	LEHMAN BROTHERS HOLDINGS INC		N/A

[Ruby]

Re: Escape from ACENDEN Capstone

I sincerely hope the other sub-crimers out there are sitting VERY uncomfortably.......

[..call me SNAKE.]

Re: Escape from ACENDEN Capstone


ACENDEN/CAPSTONE ACTION GROUP is back online after being cyber attacked;



www.acendenactiongroup.co.uk

[andrew1]

Re: Escape from ACENDEN Capstone

Just wanted to thank Snake and Mercury for what they've put into this thread...I'm not a Lehmans victim but this is really good stuff for those of you who are. It needs people to pick themselves up after the fall and go for these feckers..well done guys.

[..call me SNAKE.]

Re: Escape from ACENDEN Capstone

Just to let you all know that a Sarah Smith of Channel 4 is looking for people who have either been repossessed, or have a suspended court order with Acenden. It's for a forthcoming documentary.

The more media coverage, the better.


sarah.smith@itn.co.uk




Stephen

here's your chance..

[gt4god2ulot]

Re: Escape from ACENDEN Capstone

hi every one sorry to revive an old thread but have you taken a look here.. http://www.consumeractiongroup.co.uk...t-being-signed there is a great debate going on and maybe we have got these crooks regarding un executed deeds and how to get your claim in to the first tier property chamber tribunal.

hope it gives you a good insight in the battle to get rid of these scum.

[wearywilliam]

Re: Escape from ACENDEN Capstone

Hi Snake,

Interesting figures and information. i shall be in court with these guys soon so shall be posting lots of information over the next few weeks. I shall try and bookmark your site.