What is a securitization audit? Does it help with foreclosure?

Question by Curt Gallows: What is a securitization audit? Does it help with foreclosure?
OK, I received my notice of default and am scared all to heck about foreclosing on my home in Tampa, FL. I just heard about this thing called a securitization audit. Can anyone tell me what they are and if it will help with my foreclosure?

Best answer:

Answer by real estate guy
First, you need a lawyer. You can’t just walk away. YOU NEED A LAWYER.

I googled it. It’s when the bank will review the whole loan to make sure that you didn’t lie about getting the mortgage. For example, you didn’t lie about the income amount or source. You didn’t lie about source of downpayments., they will review tax returns, etc.

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