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INTHENINETEENTHJUDICIALCIRCUITCOURTINANDFORST.LUCIECOUNTY,FLORIDACASENO.09-CA-008550
LIQUIDATIONPROPERTIES,INC.,
Plaintiff,vs.BENETETIENNE,
Defendant._________________________________/
DEPOSITIONOF
WILLIAMA.FOGLEMAN
Wednesday,March30,2011WestPalmBeach,Florida2:11p.m.-2:52p.m.
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APPEARANCES:
ONBEHALFOFTHEPLAINTIFF:
FLORIDAFORECLOSUREATTORNEYS,PLLCSuite690601ClevelandStreetClearwater,Florida33755727/446-4826BY:R.J.FERRARO,Esq.
ONBEHALFOFTHEDEFENDANT:
KORTE&WORTMAN,P.A.Suite1022041VistaParkwayWestPalmBeach,Florida33411
561/228-6200BY:BRIANK.KORTE,ESQ.
INDEX
WITNESSPAGE
WILLIAMA.FOGLEMAN
DirectExaminationbyMr.Korte...............4
Cross-ExaminationbyMr.Ferraro..............-
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EXHIBITSIDENTIFIED
Defendant'sExhibitNumber1....................4/911-20-2009AffidavitastoAmountsDueandOwing
Defendant'sExhibitNumber2....................4/12NoticeofFilingOriginalNoteandattacheddocuments
Defendant'sExhibitNumber3....................30ComplaintforMortgageForeclosureandOtherRelief
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ThedepositionofWILLIAMA.FOGLEMANwastakenbeforeme,SusanS.Kruger,NotaryPublic,StateofFloridaatLarge,at2041VistaParkway,Suite102,WestPalmBeach,Florida,onWednesday,March30,2011,beginningat2:11p.m.,pursuanttothenoticeinsaidcauseforthetakingofsaiddeposition,whichisattachedtothecourtfileherein,attheinstanceofthedefendantintheabove-entitledcause,pendingintheabove-namedcourt.
(Defendant'sExhibitsNumber1andNumber2weremarkedforidentification.)THEREUPON,
WILLIAMA.FOGLEMAN,beingbymefirstdulysworntotellthewholetruth,ashereinaftercertified,testifiedasfollows:
DIRECTEXAMINATIONBYMR.KORTE:QSir,willyoudomeafavorandstateyour
namefortherecord,spellingyourlast?
AWilliamA.Fogleman,F-o-g-l-e-m-a-n.
QAndsir,wouldyougivemethebenefitofyoureducation,startingatthetimeofhighschoolandgoing
forward.
AAttendedcollegeatLouisianaTechUniversityandlawschoolatL.S.U.
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QAndthebenefitofyourworkhistorystartingfromthetimeyouleftlawschool?
APracticedlawforaboutfiveyears,fivetosevenyearswithaprivatelawfirm.Iwenttoworkforabankforaboutapproximatelytenyears,didmanagementworkforfiveyears,andthenstartedworkingforaservicingcompanyafterthat,SNServicingCorporation.
QSN?
ASN;theinitialsSNServicingCorporation.
QAndwhatjobtitledoyoucurrentlyholdforSNServicingCorporation?
AI'mcorporatecounsel.
QAndwhereisSNServicinglocated?
AInBatonRouge,Louisiana.
QAllright,sir.You'vebeenaskedtocomeheretodayasthepersonwiththemostknowledgeatLiquidationPropertiesregardingtheAffidavitofAmountsDueandOwing,correct?
AYes.
QWhatistherelationshipofSNServicingtoLiquidationProperties,Inc.?
AItistheservicingcompanyfortheplaintiff.
QAndwhatdoestheservicingcompanyinthis
particularcasedofortheplaintiff?
ATypically,theservicingcompanyis
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responsibletomonitortheloansthatitservicesfortheinvestor,collectspayments,contactstheborrower,sendsouttheborrowercorrespondence.Ifthemattergoesintoforeclosure,we'reresponsibletoengagecounsel,provideinformation,numbers,getthecollateralandprovideittotheattorney.
QAndwhatpartofthatservicingdoyoudopersonally,ifany?
AAllofit.QYoupersonallygetthecollateraland-AIorderit.Wedon'tholdthecollateral.
Thecollateralisheldbyacollateralagent.Werequestitfromtheinvestor.Wearenotthecollateralagent.
QWhenIsayyou,Imeanyoupersonally.Doyou
actuallycollectpaymentsandpostpayments?ANo.QWhatpartoftheservicingdoyoudo
personally?AUsually,Imeaninacaselikethis,I'llget
involvedwhenthecasebecomeslitigated-Q
Wouldit-A--eitheracontestedforeclosureorasuit
againsttheinvestor.QI'msorry,Ididn'tmeantointerruptyou
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there.
Woulditbefairtosaythatyourentireinvolvementinthiscasereallyisinsupportofthelitigation,notinthetraditionalservicingsense?
AWell,Iwouldhatetocharacterizeitthatwaybecausewe--servicingincludesallofthatforus.
QIdon'tmeanSN.I'mtalkingaboutyoupersonally.HereI'mjusttalkingaboutyourpersonalinvolvementwithfiles.Woulditbefairtosaythatyoupersonallyonlybecomeinvolvedinfilesduringthelitigationphase?
APredominantly,butnotonly.TherearecasesthatIaminvolvedinthatare--youknow,ifthey
becomeapeculiarcase,I'minvolvedincollection,contactingtheborrower.
QWell,inthisparticularcase,whenisthefirsttimeyoubecameinvolvedwiththisfile?
AWhenitbecamecontested.
QWoulditbefairtosaythatyourentireinvolvementinthiscaseispostlitigation?
AAftertheforeclosurewasfiled.QYes,sir.AYes.QWoulditbefairtosaythatyourentire
involvementinthisparticularcasehasbeentosupport
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thelitigation?
AWell,Iwouldhatetosayjusttosupportthelitigation.
QWell,whathaveyoudoneinthisparticularcaseafteryoubecameinvolved?
AReviewedthelitigationdocuments,reviewedthehistory,theloanhistory,reviewedthe--discussedthecasewithnumerouspeopleintheofficethatareresponsibleforactuallyphysicallycollectingpayments,postingamounts,servicingtheloan.
QHaveyoudoneanypostingofpaymentsyourself?
ANo,therehaven'tbeenanypaymentsmadeinthiscase.
QHaveyoudoneanyescrowdisbursementsonthiscaseyourself?
ANo.
QHaveyoudoneanyoftheclientcontact
directlyyourselfasfarastryingtogetamitigationplantogether?
ACan'tcontacttheborrower.They'rerepresented.
QSothatwouldbeno,youhaven'tdoneanyofthat?ANo.
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QWoulditbefairtosaythatyou'veonlybeeninvolvedinthiscasetoreviewdocumentsandfurtherthecollectionactivities?
AImean,yes,that'smainlywhatI'vedone.
QOkay,fairenough.SoletmeaskifyouwerebroughtheretodayasthepersonwiththemostknowledgeinregardstoanAffidavitofAmountsDueandOwing,whenisthefirsttimeyoureviewedtheAffidavitofAmountsDueandOwingthat'sbeenfiledinthiscase?
AIdon'trememberthedate,butImeanitwasafterthe,youknow,thelitigation,youknow,afterthefilebecamelitigated.
QWell,I'mgoingtoaskyoutoturnto
Defendant'sNumber1that'sinfrontofyou.
AOkay.
QAndI'llaskyouifyoueverhadanopportunitytospeaktotheaffiantbeforecomingheretodayaboutthiscase.
ANo.
QWell,whatdocumentsdidyoureviewbeforecomingheretodaytobecomethepersonwiththemostknowledgeinregardstotheAffidavitofAmountsDueandOwing?
AThepaymenthistory,theloanrecordsshowingdisbursementsandtheaccountofficer'snotes.
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QAnythingelse?
AAllofthelitigationthat'sbeenfiled.
QAnythingelse?
ANo.
QBeforecomingheretoday,didyouspeaktoanybodyregardingthiscaseotherthanyourlawyer?
AYes.
QWhodidyouspeakwith?
ALet'ssee.IspoketoBarbaraCollins.Actually,Ican'trememberwhoIspoketointhedisbursementdepartment,butsomeoneworkingindisbursementswhohandleddisbursementsontheloan.IthinkIspoketoAngelaSolanzano(phonetic).She'sinforeclosure.
QAnyoneelse?
AThat'sallthatIcanrecall.
QAndwhatdoesMs.CollinsdoforSN?
ASheworksintheforeclosuredepartmentalso.
QWhatdoesshedointheforeclosuredepartment?
AShehandlesfileswhentheyareplacedin
foreclosure.
QWhatdoesshedo?Imeanshehandlesfiles;whatdoesthatmean?
AShegetsthefileandspeakstocounsel,
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providesinformation.QAndasfarasAngelaSolanzano-AShe'salsointheforeclosuredepartment.QWhatdoesshedointheforeclosuredepartment?AShedoessimilar.Shekeepstherecords,providesinformationforforeclosures.QAndinthedisbursementsdepartment,doyouknowwhatyouspoketothepersonindisbursementsabout?AAboutthedisbursementsonthisfile.QWerethereanydisbursementsonthisfile?ATherehavebeen.QAndforwhatservices?ATaxesandforcedplaceinsurance.QAnythingelse?AAttorneys'fees.QAnythingelse?AThat'sallIcanrecall.QAllright,sir.WhenisthefirsttimethatSNbecameinvolvedinthisparticularfile,ifyouknow?
AIcan'tremembertheexactdate,butitwas2009.QDoyouknow-AThat'swhenwebeganservicingthefile.
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QAgain,I'msorrytointerruptyou.Doyouknowwhenthisloanwasactuallycreated?AI'dhavetolookatthenotetosee.ButImeanifit'sinhere,Icangiveyoutheexactdate.It'sonthenote.QWell,ifyou'rereferringtoDefendant's2,youcanfeelfreetolookatit.AOkay.Octoberthe30th,2006.QDoyouknowwhowasservicingtheloanonOctober30th,2006andthereafteruntilSNtookovertheloan?ACitiMortgage.QDoyouknowwhyCitiMortgagewasservicingtheloan?ANo,Idon'tknowwhy.QDoyouknowwhotheywereservicingtheloanfor?AItwasCitigroup.QDoyouknowthat,orareyoujustkindofguessing?
AWell,Imeanthat'sjustfromtherecordsthatwehave.ImeanIdon'tknowthatpersonally.Iwasn'tinvolvedinitwhentheywereservicingtheloan.That'sjustwhatIknowfromreadingtherecords.
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QSoitwouldbefairtosaythatthisloanwaseventuallyboardedtoyoursystemsometimein2009?
ACorrect.
QDescribeformetheboardingprocessatLiquidationProperties.
AOfcourse,nowwe'retheservicernow,sowe're,youknow,we'reservicingforLiquidationProperties.
QOkay.
AWegettheloan;wegetthedocuments.Typically,wegetcopiesofthedocuments,notthe
originalcollateral.We'reprovidedwithcopiesofthepriorservicer'spaymenthistory.Allthatinformationisplacedinoursystem.
QNow,discussinghowyouguysreceivedocuments,yousaidthatyou'reservicingforLiquidationProperties.IsitLiquidationPropertiesthemselveswhoacquiretheloanandthenforwardittoyouforservicing?
AYes.
QIsSNinanywayinvolvedinthesecuritizationoftheloanfromthepriorowner?
ANo.QDoyougetinvolvedintheacquisitionphaseatall?
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ANo.QSoLiquidationPropertiessolelyacquirestheloanandthenwillforwardittoyouguys,inthatorder,inthiscase?ARight.QDoyouknowwhenLiquidationPropertiesactuallyacquiredtheloan?ANo,Idon'tknowthedate.QYouwouldjustknowastowhenSNwouldhaveboardedittotheirsystem?ACorrect.QAndalthoughyoudon'tknowthatdatetodayasyousithere,youknowitwassometimein2009.ACorrect.QAsfarastherecordsanddocumentsyouguysgotfromthepriorservicer,whogaveyouthosedocuments?ATheycamefromLiquidationProperties.QDoyouknowwheretheygotthedocumentsfrom?AThepriorservicer.QDoyouknowthat,orareyoujustguessing?
ANo,that'swhattheytoldus.Ididn'tgetthedocuments.Theyprovidedthemtousfromthepriorservicer.QDoyouknowiftherewasaservicerbetween
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thetimeofthemakingofthisnotebyArgentMortgageCorporationandthedelivery--letmestrikethequestion.
DoyouknowiftherewasaservicerthatwasbeforeCiti?
AIdonot.QCouldtherehavebeen?ACouldhavebeen.QWell,webothagreeCitididn'tmakethis
loan,didthey?
AImeanapparentlyonthedocumentstheydidn't.
QDoyouknowthedateasyousitheretodaythatCitiacquiredservicingrights?
AIdon'tknow.
QWoulditbefairtosaythatwhenLiquidationPropertiesacquiredthisloan,theloanwasalreadyindefault?
AIcan'ttellyouthedaytheygotit.Imean
itwasindefaultwhenwebeganservicingit,soImeanthat'sallthatIcangiveyoupersonalinformationon.
QThat'sfairenough.Let'sgothroughitalittlefurtherrelativetotheactualcalculationofamountsdueandowingcontainedinDefendant's1,ifthat'sokaywithyou.
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DoesSNhavedirectaccesstoLiquidationProperties'systemsforreviewofrecords?AForreviewofwhichrecordsnow?QWell,asregardstothisfile,Ithinkyoutoldmeearlierthatyouwereprovidedcopiesofdocuments,correct?AOfthedocuments,theloandocuments;theloandocumentfile.QThecollateralfile?ACorrect.QAndyouweregivencopiesofthepriorservicer'srecords?ACorrect.QWereyougivenanyotherrecords?ANotthatIcanrecall.QWell,isitpossiblethatLiquidationPropertieshaddocumentsthatweren'tforwardedtoyou?AI'msureit'spossible.QDoyouhaveaccesstoLiquidationProperties'computerizedsystemsorrecordsystems?ANo.
QYoutoldmethatyougotcopiesofthecollateralfile,includingthenoteandthemortgage,correct?ACorrect.
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QDoyouknowwhomadethosecopies?ANo.QWhatisthemethodologyofscanningorstoringdocumentsatSNafteritreceivesdocumentsfromLiquidation?AThey'retaken--Imeanwehaveadepartmentthattakesthem,scansthem,placestheminthesystem.QAndyouscantheoriginaldocuments,ordoyouscanthecopies?AWescanthecopies.QAndwherearetheoriginaldocumentskept,ifyouknow?AThey'rekeptbythecustodian,which,ImeanIdon'tknowtheirphysicaladdress.Ibelievethey'reinNewYork.QDoyouknowwhereLiquidationPropertiesconductsbusiness?AIbelievethey'reinNewYorkalso.QHaveyouevertalkedtoanybodyfromLiquidationProperties?AYes.
QHaveyouevertalkedtoanybodyfromLiquidationPropertiesaboutthiscase?ANo.QAnykindofcorrespondencewithLiquidation
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Propertiesinregardstothiscase,e-mail,voicemail?
AAnactualemployee?QYes,sir.ANo.
QI'mlookingatDefendant's1,paragraphtwo.Inthissecondparagraph,they'rereferringtoallthebooksandrecordskeptbytheservicingagent,correct?Doyouseethatinthesecondsentence?
AYes.
QWhatallbooksandrecordsarewetalkingaboutthatwerereviewed?
AThedocuments,theloandocumentsandthe
loan--Imeantheloanhistory,recordsofdisbursements.Andtherewouldbecontactswith--inthiscasethere'snotbeencontactwiththeborrower,buttherewouldbecontactswiththeattorneyinthiscase.
QDoyouknowifEtienneeverhadanopportunitytospeaktosomebodyatCitiMortgage,thepriorservicer?
AImeanIdon'tknowpersonally,no.
QI'mtryingtofigureouthow,ifalltherecordscamefromCitiMortgage,thepriorservicer,in2009andtherewerenodocuments--ornopaymentsmadeafterdefaultin2008,thatyouhaveallthebooksand
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recordsinyourservicingsystem.CanyoutellmehowtheaffiantinthiscasewasabletodiscusswithpersonalknowledgerecordsthatarecontainedintheCitiMortgagesystem?
ABecausetheyprovidedtherecordstous.
QThey,CitiMortgage,providedtherecordstoyou,ordidLiquidationPropertiesprovidetherecords
toyou?ANo,CitiMortgageprovidedtherecordstous.QSonow-AThepriorservicer,Imeantheygavethemto
LiquidationProperties,whogavethemtous.
QSoyourpriortestimonyisconsistentthatyougottherecordsfromLiquidationProperties?
ARight.
QAndthatyouthinkthatyougot--thattheygottherecordsfromCitiMortgage?
AYes.
QAndyouhavenopersonalknowledgeastowhetherornotLiquidationPropertiesactuallygotthemfromCitiMortgageorfromsomethirdpartysource?
ANo,Idon'thaveactualknowledgeofthat.
QAnddoyouknowiftherecordsthatweresentbyCitiMortgagetoLiquidationPropertieswerecomplete?
ATothebestofmyknowledge.
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QButdoyouhaveanypersonalknowledgeastothecompletenessofthefilesthatwereprovided?AImeanIhavenoreasontobelievethattheyweren'tcomplete.QBeforecomingheretoday,didyoudoanyinvestigationtodiscoverthecompletenessofthefiles?AIexaminedthem.QDidyoucallanybodyatCiti?ANo.QAtanytimedidyouinvestigatewhetherornottheymighthavemorerecordsthantheonesthatwereprovided?AIhadnoreasontoquestionthattherewere.QWell,thenlet'stalkaboutsomeofthenumberscontainedinparagraphfive,ifthat'sokay.AOkay.QLet'slookatthefirstline,whichisprincipal.Canyoutellmehowthatwascalculated?ATheytookthepaymentsthatwerereceivedfromtheborrowerandcreditedthemtotheloanbalance.QSNdidn'treceiveanypayments,correct?
AThat'scorrect.QSoallthepaymentsthatwouldhavebeenpostedtothisaccountwouldhavecomethroughCitibankMortgage?
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AThepriorservicer.QAndanypriorservicerofCitiwouldhavealsohadtherecordscontainedtherein?ARight.QWhat,ifanything,didyoudotoverifytheaccuracyofthatnumber?AIexaminedtheirservicingrecords.QDidyoulookatthechecks?ANo.QOtherthanlookingatservicingnotesandboardingdocuments,whatdidyoulookat?AThat'sallIlookedat.QDidyoulookatapaymenthistoryotherthantheelectroniconethat'scontainedinyoursystem?AIlookedattheprior--acopyofthepriorservicer'spaymenthistory.QSoyousolelyrelieduponthepriorservicer'spaymenthistoryincomingupwiththeprincipalamountthat'sowed?AYes.QIsthatanelectroniccopy,oristhatahard
copy?AImeantheygaveusahardcopy.QSodidyoureviewanelectroniccopyorahardcopy?
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AAhardcopy.
QAndwasitacompilation,aspreadsheet,orwasitsomeotherservicingrecordthathadapaymenthistory?
AImeanit'sjustahistory.ImeanI'mnotsurewhatyou'retalkingabout,aspreadsheet.Itshowsthepaymentcominginandhowitwasapplied.
QSoyoujusthadalistofthepaymentsandapplication?
ACorrect.
QLet'stalkaboutthenextline,interestfrom
November1st,2008throughDecember16,2009.Doyouseethatone?
AUm-hmm.QCanyoutellmehowthatwascalculated?AThat'scalculated--Imeanwecalculatethat
usingour,youknow,ourownrecordsbasedonthelastpaymentthatwasmadeandthecurrentoutstandinginterestrate.
QSowhendidyouguystakeoverservicingofthisloan?In2009?
AYes.
QOkay.
AIdon'tremembertheexactdate;Ican'ttellyoutheexactdate,soIdon'twanttobeincorrect.
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QIdon'twantyoutobe--Imeanthat'snotatrickquestion.Iwantedtopointouttoyouthoughthattheinterestcalculationstartsin2008,priortoyourservicing.
AOkay.
QHowcanyoucalculateinterestforsomethingyouweren'tservicing?
ABecausethatwasthelastdateapaymentwasmadeontheloan.
QHowdoyouknowthelastpaymentwasmadeonNovemberthe1st,2008?
AWell,actually,thatwasn'tthelastdateapaymentwasmade.Thatwasthelastpaymentthatwascreditedtotheloan.Inotherwords,paymentwasmadeafterthatdate,butitwaslate.Soitbroughttheloancurrentthroughthatdate.
QSothatwouldbe-
ASofromthatdateforward,interestwouldcontinuetorunbecauseithasn'tbeenpaid.
QIsthisanadjustableratemortgage,oristhisafixedratemortgage,ifyouknow?Defendant'sNumber2actuallyhasthemortgageandthenoteinit,soIdon'twantyoutogo-
AItdoes?
QItdoes.
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AIdidn'tseethenote.QIthinkit'sthethirdpage-AAdjustablerate.Q--thethirdpagefromthefront.AYes.QIstheresomesortofanindexthat'susedtocalculateinterestinthisparticularcase?AYes.QWhatindexisthat?AThisoneisbasedonLIBOR.QDoyouknowwhattheadjustmentperiodis?AEverysixmonths.QAsyousitheretoday,canyoutellmewhattheLIBORratewasandthetrueinterestratewouldhavebeenonNovemberthe1st,2008throughDecember16,2009?ANo,Icannot.QSocanyoutellmehowthecalculationwasdonetocomeupwith26,037.97,aslaidoutinparagraphfive,secondsentence?AThatindexwasappliedtotheoutstanding
principalbalanceoverthatperiodoftime.QAndhowdoweknowthatwasdonethatway?AThat'sthewaywedoit.QWell,howdoyoucomeupwiththenumber?Is
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thereacomputersystem?Istheresomeonethathand
calculatesit?Howdoyoudoit?
AThere'sacomputersystemthatdoesit.
QAreyoufamiliarwithhowthecomputersystemdoesit?
AImeanyouputinthecurrentindex,andit'sadjustedonthedatesfortheloan,calculatesitbasedontheoutstandingprincipal.
QGotcha.Let'stalkaboutthenextnumber,thelatechargespriortoacceleration.Canyoutellmehowthosewerecalculated?
ABasedontheamountoflatechargesthatareprovidedinthenote.
QWell,howdidyoucomeupwith$1,611.91?
AAndIdon'trememberexactlyhowmany,buthowevermanytimesthenotewaslatepastthegraceperiod,alatechargewasassessedagainsttheloan.
QAndhowmuchwasthatlatecharge?
AThelatechargeisfivepercentoftheoutstandingprincipalbalance.
QAndwhodeterminesifthepaymentisappliedtoanoutstandingpayment--strikethequestion.Letmeattackitadifferentway.
IfIunderstoodyourpriortestimony
correctly,ifapaymentissubsequentlyreceivedaftera
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paymentisoverdue,it'sappliedtothelatestpayment,correct?
AIfapayment--whenpaymentisreceived,it'sappliedtothelastpaymentthat'soutstanding.Inotherwords,thelastpaymentthathasnotbeenmade,it'sappliedtothatpayment.
QThatwaywedon'tskippayments.ARight.QAndisthereagraceperiod?AYes.QWhatinvestigationdidyoudobeforecoming
heretodaytodeterminethattheselatechargeswereappliedcorrectly?
AWell,thesewereappliedbytheprior
servicer.
QSowhatinvestigationdidwedobeforecomingheretodaytodeterminewhethertheselatechargeswereappliedcorrectly?
AWelookedatthepriorservicer'srecords.QThelastline,escrowdeficit.Doyousee
that,sir?
AIdo.
QIt'sbrokenoutinthreeparts:Theforcedplaceinsurance;priorservicer,taxes;andpriorservicer,insurance.I'mgoingtotalkaboutthefirst
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one,theforcedplaceinsurance.Whatisthat?
AIt'sinsurancethat'splacedonthepropertywhentheborrowerfailstocarryinsuranceontheproperty.
QAndwhointhiscaseplacedthatinsurance?
AThiswasplacedbyus,actually,thisforcedplaceinsurance.
QLet'stalkaboutthepriorservicer,taxesandinsurance.Thefirstline,thetaxes,wasthatpaidbySN?
ANo.
QAllright.Andhowaboutthepriorservicer,insurance?WasthatpaidbySN?
ANo.
QWereanyofthosethreeitemspaidbyLiquidationProperties?
AImeantheywerepaidbythem.Weadvancedthesums,andtheyreimbursedus.
QSoSNadvancedthegrandtotalof2,574.57-
ANo.Thepriorserviceradvancedtheothertwo.Weadvancedthe$1,082.55.
QSowoulditbefairtosaythattheonlylineitemthatSNhasadvancedthatyoucantestifyaboutis
the$1,082.55,correct?
AImeanIcantestifythatthepriorservicer's
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recordsshowthatthosesumswereadvanced.
QDidyouseeacheckfromthepriorservicershowingthat?
AIdidnot.
QDidyoucallanybodyatthepriorservicertofindoutifthatsumhadactuallybeenpaid?
ANo.
QParagraphsevenofthisaffidavit,doyouseethat,sir?
AUm-hmm.
QYouhavetosayyesornoorshecan'tgetitdowncorrectly.
AYes.Sorry.
QTheworstarelawyers.It'salwaysum-hmmanduh-uh.
Paragraphseven,sir,thestatement,"Plaintiffownsandholdsandisthepossessoroftheoriginalmortgagenote,"doyouseethatline,sir?
AIdo.
QDoyouknowwhethertheplaintiffownsthenote?
AYes.Imeanit'sbeentransferredtotheirpossession.
QWhatdocumentsspecificallyareyourelyingupontomakethatstatement?
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ATheyhavetheoriginalmortgagenote.QHaveyoueverseentheoriginalmortgagenote?ACopiesofit.No,I'venotseentheoriginal.QWell,howdoyouknowthey'vegotitifyou'veneverseenit?ABecauseIknowthatourcounselhasputitintherecords.QButyou'veneverseenit?AI'veneverseentheoriginalnote.QAndwhenthisstatementwasmadeonNovember20th,2009,hadtherebeendocumentsinplaceinthecourtfileasfarastheoriginalisconcerned?AIbelievetheyhavebeendepositedinthecourtrecordsatthistime.QSothepersonsigningthis,theaffiant,wouldtheyhaveeverseentheoriginalnote?ANo.QSohowcouldtheysaythattheplaintiffownedthenoteatthetime,becausethey'veneverseenit?AWereliedonwhattheinvestortoldus.QParagraphseven,thethirdwordthere,the
holdsword,whatdoesthatmean,thattheyholdit?AThey'retheholder.QWhatdoesthatmean,ifyouknow?AIfyou'retheholderofanote,youpossess
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thenote.
QAndwasthisnoteeverlostormisplacedatanytime?ANottomyknowledge.MR.KORTE:I'mgoingtomarkthisasDefendant's3.
(Defendant'sExhibitNumber3wasmarkedforidentification.)BYMR.KORTE:
QI'mgoingtohandyouwhat'sbeenmarkedasDefendant'sNumber3.ThisistheComplaintthatwasfiledinthiscase.Ifyou'ddomeafavorandreadthetitleofCountI.
AReestablishmentofNote.
QAndthefirstfullsentence,thefirstparagraphthroughparagraphsix,wouldyoureviewthosebrieflyandletmeknowwhenyou'redonereviewingthem.
AOkay.
QSoI'mgoingtoreaskthequestion.Doyouknowifthisnotewaseverlost,misplacedorstolen?
AIdonot.
QAsyousitheretoday,isthistheveryfirsttimeanybodyhastoldyouorhasshownyoudocumentspointingtothefactthatthisdocument,notewaslost,misplacedorstolen?
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ANo.I'veseentheComplaintbefore.QSoyourealizethattherewasacountinthe
Complaintforlostorstolennote,correct?
AYes.
QDoyouknowifthat'strueornot,ifitwaseverlostorstolen?
ANotduringthetimeweservicedit,no.
QSoifthenotewaslostorstolen,andthatcountstillpends,howcantheplaintiffbetheholderofthenote?
ABecauseithasproducedtheoriginalnote.
QWell,thenletmeaskanotherquestion.BacktoDefendant's2,becauseI'mstillkindofconfused.Goingbacktothenote,I'dlikeyoutoturntothefirstpageofthisnoteandtellmewhothelenderis.
AArgentMortgageCompany.
QAnddoyouknowonpagethreeofthenotewhentheendorsementwasplaceduponthisnote?
ADoIknowthedateitwasplacedonit?QYes.ANo,Idonot.QWell,goingbacktoDefendant's3,I'dlike
youtotakealookatthenotethat'sattachedtotheComplaintandtellmewhyitdoesn'thaveanendorsementonit.
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AIdon'tknow.
QWell,iftheservicertookcopiesofthedocumentswhentheplaintifftookpossessionofthenote,wouldn'tyouexpecttheretobeanendorsementonthatcopy?
AWell,Imeanit'snotreallythatunusual,becausewhenyouhavethenote,whenwegetthenotefromthe--whenwegettheloanclosingdocuments,andithasn'tbeenendorsedonthatdate,andweprovidethatcopytotheattorneyfortheComplaint,itwon'thaveanendorsementonit.
QWell,Iunderstandthat-
AAndwhenwegottheoriginalnote,the
endorsementwasontheoriginalnote.
QIsthatwhathappenedinthiscase?
AYes.
QThentellmehowwasitnotendorsedwhenitcamefromArgentandwenttosomethirdparty.
AItwas.
QWell,ifyouhaveacopythat'sgotnoendorsementonitthatwassenttoyouwhenyoutookitoverin2009,howdowesubsequentlygetanendorsementonitwhenthisloanwasinitiallycreatedbyArgentandsenttoCiti?Wouldn'tweneedsometypeofanendorsementfromArgenttoCiti?
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ABecausethenotethat'sattachedtotheComplaintisacopyofthenotefromtheloanoriginationfile,anditwasn'tendorsedatthatdate.
QSoitwouldbefairtosaythatthedocumentsyoureceivedwhenyoubegantoservicetheloanwerenotcopiesoftheoriginaldocuments,werethey?
AYes,theywere.
QWell,iftheywere,thenyouwouldn'thaveanendorsementonit.Youhaveanendorsementalready,correct?
AButthatistheoriginalnotethathesigned,andthenitwasendorsedafterhesignedthenote.Soitisacopyoftheoriginalnote.
QMaybeI'mjustnothearingwhat'sgoingoncorrectly.IthinkwecanbothagreethisnotewascreatedasArgentbeingtheoriginallender,correct?
AYes.
QAndthatwasdonesometimein2006?
AThat'swhatthenotesays.
QAndatsomepointintime,thisnotewassoldandservicingwastransferredtoCiti.
AYes.
QHowwasittransferredfromArgenttoCiti?
AImeanIwasn'tinvolvedinthattransfer.Idon'tknow.
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QWell,isthereanyassignmentoranyotherdocuments?
AIdon'thaveonewithme.QWell-AIassumetherewasone.QOkay.AImeanthenotewasendorsedinblankand
transferred.
QWell,I'mgoingtotakeyoualittledeeperintotheComplaintandaskyoutolooktheassignmentofmortgage--ImeantheDefendant's2.There'sanassignmentofmortgagethat'sfiledcontainedintheoriginalnotefromArgenttoCitiResidential.Doyouseethat?
AActually,it'sfrom--CitiResidentialistheagentforArgenttoMERS.Isthatnottheone?AmIlookingatthewrongone?
QThisoneis-AWanttoshowmetheoneyou'relookingat?QIt'stheonerightafterthemortgagehere.
Isthatthesameone?Thatisthesameone,yes.
AIt'sfromCitiResidential,astheagentforArgent,toMERS.
QIapologize,you'reright.Iapologize.SowhenwasthenoteormortgageassignedtoLiquidation
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Properties?Wasthereanassignmentofmortgage
somewhere?
AYes.
QWhere'sthat?
AWhenisthelatestyou'vegot?It'sbeenfiledintherecords,andIthoughtyouhadit.Ithoughttheywouldhavesentyouacopy.Butthere'sanassignmentfromMERStoLiquidationProperties.ImeanIhaveseenthat.
QWell,let'sgobacktothenotethen.Wedon'thavetogothatfarafield.We'llgobacktothe
assignmentofmortgageinamoment.
SoisityourtestimonythatthecopythatwasscannedintotheSNrecordswasnotacopyoftheoriginalnote,butacopyofthenoteatorigination?
AThatistheoriginalnote.Subsequentlyitwasendorsed.
QOkay.
AImeanifyou'reaskingmewhathappened,Imeanwehavemorethanonecopyinourscanneddocuments.Theypickedupacopythatdidn'thavetheendorsementonitbecauseitwasthefirstcopy.Imeanyouallaregoingtotellme--ImeanIdidn'tdoit,no.ButImeanIcangoandtellyouhowthatcouldhappen;Icouldtellyouhowithappened.Imeanit
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doeshappen,becauseyougetaloanoriginationfile,sowehavethewholeloanoriginationfilewiththenote,themortgage,thegoodfaithstatementandallthatkindofstuff.It'snotendorsedatthattime.Sotheypickedupthatcopyofthenoteandsentittotheattorney.
Theattorneyfiledthelawsuit,didtheparagraphwiththereestablishmentofthenoteintheComplaint,andthensubsequentlyLiquidationPropertiesprovideduswiththeoriginalnote.Andtheoriginalnotedoeshaveanendorsementonit,anendorsementinblank.QWell,wedon'tknowwhenthatendorsementin
blankwasplaced?
ANo,Idonot.
QDoyouseethenamesonthatendorsementinblankforArgent,SamMarzouk?
AYes.
QDoyouknowifMr.MazoukwaseverpresidentofArgentMortgageCompany?
AIdonot.QHowaboutGregoryHanson?AIdonot.QWell,let'sgototheassignmentofmortgage
inthiscase.Weweretalkingaboutthatassignment.
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YoucorrectedmethatthiswasanassignmentfromCitiResidential,asattorneyinfactforArgentMortgageCorporation.DoyouknowwhetherornotArgentwasinbusinessonthedaythiswasexecuted?AIdonot.No,Idonothavepersonalknowledgeofthat.QHaveyoueverheardofawomancalledCrystalMoore?ANo.QHaveyouheardofthetermrobo-signing?AYes.QDoyouknowifMs.Mooreisarobo-signer?AIdonot.QDoyouknowifMr.BryanBlyisarobo-signer?AIdonot.Whoishe?Idon'tseehisname.QHe'sthenotary.AOh.No,Idonot.QDoyouknowwhoVilmaCastrois?ANo,Idonot.QNow,yousaidthere'sanotherassignmentofmortgage-A
Yes.Q--thatyou'reawareofthatIdon'thaveheretoday.I'msureI'llgetitfromyourcounsel.AWell,yes,youknow-
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QFairenough.Whoisitfromandto?AIt'sfromMERStoLiquidationProperties.QWhoatLiquidationProperties,ifyouknow,
causedthatassignmenttobegivenfromMERS?ATheperson'sname?QNo.DidLiquidationPropertiesaskMERSto
issueanassignment?AYes.QWhy?AForpurposesoffilingtheComplaint.QWhydidn'tsomebodyatCitiResidential
Lending,asattorneyinfactforArgent?
ABecausetheloanhadbeenassignedintoMERS,
andwedon'tfilecomplaintsinthenameofMERS.MERSdoesn'tholdthenote.
QSoLiquidationPropertiesgavetheinstructiontoMERStoissueanassignment?AAnassignment,yes.MR.KORTE:Sir,I'vegotnothingfurtherfor
you.MR.FERRARO:Okay,we'llread.MR.KORTE:Fairenough.We'lltakeacopy.
(Whereupon,at2:52p.m.,theforegoing
depositionwasconcluded.)
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THESTATEOFFLORIDA)
)COUNTYOFPALMBEACH)
I,WILLIAMA.FOGLEMAN,doherebycertifythatIhavereadtheforegoingtranscriptofmydepositiongivenonMarch30,2011,andthattogetherwithanyadditionsorcorrectionsmadeherein,itistrueandcorrecttothebestofmybelief.
__________________________________WILLIAMA.FOGLEMAN
SWORNTOANDSUBSCRIBEDbeforemethis_____dayof_____________,2011.
________________________________________NotaryPublic,StateofFloridaatLargeMyCommissionexpires__________________
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Rule1.310,FloridaRulesofCivilProcedure,provides:
(E)Anychangesinformorsubstancewhichthewitnessdesirestomakeshallbeentereduponthedepositionbytheofficerwithastatementofthereasonsgivenbythewitnessformakingthem.PAGELINECHANGEREASON
Underpenaltyofperjury,IdeclarethatIhavereadmydepositionandthatitistrueandcorrect,subjecttoanychangesinformorsubstanceenteredhere.
______________________________DATE:___________________WILLIAMA.FOGLEMAN
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CERTIFICATEOFADMINISTRATIONOFOATH
THESTATEOFFLORIDA))COUNTYOFPALMBEACH)
I,SusanS.Kruger,theundersignedauthority,herebycertifythatWILLIAMA.FOGLEMANpersonallyappearedbeforemeandwasdulysworn.
WITNESSmyhandandofficialsealthis6thdayofApril,2011.
_______________________________(Signer'sidentityunknown)SignedbySusanS.KrugerTime:2011.04.0808:45:22-04'00'Reason:Iamtheauthorofthisdocumentandattesttotheintegrityofthisdocument.Location:NorthPalmBeach,FL
SusanS.KrugerNotaryPublic,StateofFloridaCommissionNumber:EE040490Expires:November8,2014
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CERTIFICATE
THESTATEOFFLORIDA)
)COUNTYOFPALMBEACH)
I,SusanS.Kruger,doherebycertifythatIwasauthorizedtoanddidstenographicallyreporttheforegoingdeposition,andthatthetranscriptisatrueandcorrecttranscriptionofthetestimonygivenbythewitness.
IfurthercertifythatIamnotarelative,employee,attorneyorcounselofanyoftheparties,noramIarelativeoremployeeofanyoftheparties'attorneyorcounselconnectedwiththeaction,noram
Ifinanciallyinterestedintheaction.
Datedthis6thdayofApril,2011.(Signer'sidentityunknown)SignedbySusanS.KrugerTime:2011.04.0808:45:29-04'00'Reason:Iamtheauthorofthisdocumentandattesttotheintegrityofthisdocument.Location:NorthPalmBeach,FL
_________________________________SusanS.Kruger
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April7,2011
WilliamA.Fogleman,Esq.SNServicingCorporation3050WestforkDriveBatonRouge,Louisiana70816
RE:LiquidationPropertiesv.Etienne
DearMr.Fogleman:
Thedepositionyougaveintheabove-styledcaseonMarch30,2011hasbeentranscribedandisreadyforyourreview.
IfyouwillcometotheofficeofFloridaCourt
Reportingat2161PalmBeachLakesBoulevard,Suite302,WestPalmBeach,anytimeMondaythroughFridaybetweenthehoursof8:00a.m.and4:00p.m.,thetranscriptwillbeavailableforyourexamination.
Ifyoudonotcomeintoreadthetranscriptwithin30days,itwillbeforwardedtoMr.Kortewithoutyoursignature.
Sincerely,
_____________________________SusanS.Kruger
cc:BrianK.Korte,Esq.FloridaCourtReporting561-689-0999
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