COUNTY RECORDERS MULL MERS PLAN WITH LUMINAQ-LIVINGLIES TO RECOVER LOST REVENUE

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary

COUNTY RECORDERS TO IMPOSE FEES AND FINES FOR FAILURE TO RECORD

AUTHORIZED COUNTY GOVERNMENT OFFICIALS:

EMAIL YOUR NAME TO

LUMINAQ.COUNTYRECORDERS@GMAIL.COM

YOUR TITLE

YOUR TELEPHONE NUMBER

YOUR EMAIL TO WHICH YOU WANT THE TELECONFERENCE INVITATION SENT

BILLIONS OF DOLLARS TARGET FOR RECOVERY TO COUNTY REVENUE: We have had several discussions with the County recorder in many states wherein a plan has emerged, with our help, to recover recording fees, documentary stamps, fines, penalties and damages from parties filing foreclosure actions under “cover” of supposed securitization.

The emerging plan takes each foreclosure action and computes the number of intermediaries that were the alleged recipients of an interest in the mortgage or deed of trust and than computes the recording fees and other costs that should have been paid in those transactions. The plan only applies to those cases where the property is in foreclosure proceedings, and is being examined by both judicial and non-judicial state recording offices.

LUMINAQ WWW.LUMINAQ.COM is the new site for the Livinglies store. ProTitleUSA, a partner in LUMINAQ, recently completed a massive project for the FDIC involving thousands of homes. LUMINAQ will provide a tailored COMBO title and securitization report that provides the necessary documentation to support the County Recorder’s claim. A tailored loan level accounting report will assess the fees, costs and penalties.

For those properties currently in foreclosure, clear title cannot be obtained by the bidder or any subsequent holder without proof of payment of the outstanding amounts due. While the foreclosing parties might resist the imposition of these costs, the resistance is likely to be tepid at best, because of the delays in completing the foreclosure and the ability to pass on the costs in the computing the bid for the property at sale. Local rules provide the enforcement mechanism.

For those properties which have already been subject to a foreclosure sale, clear title cannot be obtained by a subsequent buyer without payment of the outstanding amounts due.

LUMINAQ WILL PROCESS THE DATA, BUT ALL MONEY WILL BE PAID DIRECTLY TO THE COUNTY RECORDER’S OFFICE. THE AMOUNT TO BE RECOVERED IS ESTIMATED TO BE IN EXCESS OF $60 BILLION.

With Wisconsin and other states going  into gridlock and turmoil over budget disputes, it is projected that the recovery will significantly ease the budget short-falls on the local level. On State levels, Attorney Generals and Treasurers are taking a sharp look at their tax codes and considering similar plans for the recovery of even more money for unpaid income taxes, intangible taxes, registration fees, penalties, fines and other costs.

A SECURE CONFERENCE CALL WILL BE CONDUCTED IN WHICH AUTHORIZED REPRESENTATIVES OF COUNTY GOVERNMENTS WILL BE ABLE TO PARTICIPATE WITHOUT COST TO GET DETAILS OF THE PLAN AND HOW TO PARTICIPANT.

AUTHORIZED COUNTY GOVERNMENT OFFICIALS (LIMIT 2 PER COUNTY)

EMAIL YOUR NAME TO

LUMINAQ.COUNTYRECORDERS@GMAIL.COM

YOUR TITLE

YOUR TELEPHONE NUMBER

YOUR EMAIL TO WHICH YOU WANT THE TELECONFERENCE INVITATION SENT

26 Responses

  1. Now that LUNIMAQ has all this potential new business. It’s leaving us little guys hanging. I’ve sent 5 emails asking for clarification on the TRUST NAME SEARCH I purchased more than 3 weeks ago, with no response. I desperately needed it for trail this past week, but no response. I asked for a refund or and answer to my question, BUT still NO RESPONSE. What does it take?

  2. “Pennell asked whether MERS was worried about an investigation by the Office of the Comptroller of the Currency. The general counsel’s reply was a stunning admission—basically MERS isn’t worried because it is convinced that the government regards it as too important to be sanctioned for misconduct.

    Mr. Anderson said that he could not comment on the OCC investigation or actions but then went on to say that no administration would allow, nor would it allow a judge’s ruling, to threaten the legal standing of a MERS member to take a home. He pointed out that MERS has some relationship with 60 percent of the mortgages in the country worth in the trillions of dollars. In other words, in his opinion, regardless of the law or the findings of the OCC, MERS is too important because of the dollars associated with its operation to be allowed to be found to be acting illegally. ”

    http://www.cnbc.com/id/41761015

  3. Abby in CA,

    I’ll be there. I’ll also print out flyers and put them on Bulletin boards around town.

  4. CALIFORNIA ACTION ALERT-JOIN US MARCH 4 FOR ANTI FORECLOSURE RALLY ON ALAMEDA COUNTY COURTHOUSE STEPS

    DETAILS HERE

    http://www.scribd.com/doc/49440735/ANTI-FORECLOSURE-RALLY-ALAMEDA-COUNTY-COURTHOUSE-STEPS-ON-MARCH-4-2011

  5. It is going to catch on. Let’s get Mortgage Movies a linky here and vice versa, spread the knowledge, spread the video, let’s rock this.

    VIdeo for hire, facts for free:

    http://mortgagemovies.blogspot.com/2011/02/massachusetts-joins-tennessee-kingcast.html

    TUESDAY, FEBRUARY 22, 2011

    Massachusetts joins Tennessee, KingCast and Mortgage Movies, sues MERS for $22M for failing to prove loan ownership…. New Hampshire is still in the dark ages and does not care. That will change.

    Dear Judge Nicolosi and any other Judge in NH who is partial to slamming pro se litigants in these contested foreclosure proceedings that will increase exponentially in the coming months and years:

    When I was managing Alpha Title Company as a licensed Title Insurance Producer 6 years ago we all thought “how nifty, a nice little virtual depository for loans, but as time wore on we began to have some serious questions, now the chickens resemble turkeys come home to roost. KingCast and Mortgage Movies will be following this and cross posting to the excellent websites at Living Lies (“Pretenders Painted into a Corner” with Mortgage Movies video with Judge Nicolosi) and 4Closurefraud (“MERS Come Clean and Pay up, $22M.)” More tales of whoa here in the Tennessee litigation.

  6. Based upon this article in the Atlanta Journal Constitution…I think Cherokee County, GA needs to be in on the conference call.

    http://www.ajc.com/news/cherokee/cherokee-tax-chief-quits-847721.html

  7. Angry, In Calif assignments are supposed to be recorded. It’s in one of the codes, I’ll find it and post since I bookmarke it. The UCC for Calif says it is reguired to be recorded. And that is why I say shame on you Judges on both sides for not enforcing the UCC on it. Jeepers, what is wrong with you people?????? Judges, Lawyers ETC. CAN’T YOU READ!!!!!!!!!!!

  8. Ian

    i agree re- the recording fees that maybe recouped , i cant not foresee nor comprehend how this MIGHT be twisted into something else. But given the current & past performance of the state & judiciary , Nothing is out of the question.
    Example – will paying the fees augment refilling of docs with NEW dates & NEW said undisclosed creditors under the cover of mers,claiming ????
    All hypothetical of course … But the stench of the current rot still is – the most prevalent evidence of things to come . I will be pleased when the stench is from the NONmoving carcasses of the BANKSTERS & vampires. f-word em!!!!

  9. Neil,

    It would be very good of you to comment on how this will affect our battles against the pretenders. Is this going to bring them into compliance and fix their issues? I can’t see how a pretender will pay this unless it give them some teeth.

    Please elaborate on your post…..PLEASE.

    ~Seeking

  10. angry and not taking it- the counties are after the fee revenue, Luminaq will show how many sales, assignments, mort.satisfaction pieces should have been filed regarding each loan. This will be billed to the last person in the purported chain, by their own admission. Luminaq will show how they legally had to get there, document-wise. The last person in the chain will be responsible for paying all fees which were ignored and bypassed. I don’t believe they are going to have to file new documentation, that isn’t the point. They will in fact be paying for recordations which may still be illegal. I don’t think that paying the missing fees and recording new documents will give any of them standing. Can’t happen.

  11. I have serious doubts about this, as to how it will affect homeowners. Very uncomfortable with this proposal. I can see the banksters rubbing their hands in glee, as they seek to exploit what appears to be a madcap idea. Can someone assure me I’m wrong?

  12. i dont know about other states.
    in ca .the note is “Not recorded” think $100 bill being copied & placed in the county records, “the note ” would be simple to counterfeit .
    I cant see how the past non paid fees of subsequent non recorded transfers could supply an form of validation of these docs.
    this does pose interesting theories , but i have NO FAITH in the STATE OR FED GOV to acknowledge ,accurate or truthful docs even if they are delivered from on high like the TEN COMMANDMENTS .
    HOMEOWNERS can be assured WE ALREADY WERE & WILL BE AGAIN sold out by OUR GOV.

  13. This is shock and awe. It is a good thing if you ask me. The otherside will running for the hills. the amount of paperwork and fraud to be exposed will be awesome.

    I don’t understand why Judges, lawyers, AG’s just don’t put two & two together. I’ve said before one can understand several notes not assigned or several notes lost, but all of them on those that cared to look. Houston, we have a problem.

    And shame of you Judges, Lawyers, AG’s that do indeed know about this fraud. You have taken an oath to the Constitution and not wall street/bankers. It is time to get your Ethics In.

  14. We are talking about the Deeds or Mortgages here and not the Notes right?

  15. Neil— please clarify this won’t allow the banks to win all the foreclosure cases? This takes away our case that the note was not recorded. I am perplexed that you would generate anything that would allow all the banks to foreclose. Is this really the case? We have to get all the cases done before this happens then right? I hope you are not cohorts with the enemy neil. Is this really happening?? Debi

  16. That’s nice and all but won’t that blow all the foreclosure cases that are based on the fact the notes were not recorded? Would that change anything ? Perhaps not since they filed it 5 years late. Can you clarify that for me pretty please neil?? Thanks. Debi as long as we still have defenses against trhe fraud ( and deutsche) this is a great thing. I have been saying for years now – this is going to be the lawsuit of the century. I just wondered why it took so long? They have basically bankrupted the counties…this is deep. Thanks again! Perhaps God is really watching now and let the Devil be exposed for all the evilness and greed. Greed KILLS.

  17. Yes. It is unclear what happens to the homeowner who is in foreclosure. How do they get a clear title out of this? Burmese8@yahoo.com

  18. Neil- I am not sure of the inner workings and details of your proposed recording fee recoupment system for county recorders. Are you just trying to force the collective hands of the pretend lenders? After all, if they cannot legally produce actual,legal,legitimate, properly signed,notarized,attested and assigned documents because the persons or entities are no longer in business, were not licensed, or are in federal bk court, how are they going to do it now? Either way, they cannot produce it. And how can you make the charges (both literal and figuratively speaking) stick? If we can be provided with more detailed info without compromising your system, please post it here. thanks for all your work-

  19. So this is good for the counties but sucks for homeowners.

    If the DOT names MERS as beneficiary and nominee, and MERS’ business model is illegal, who can legally assign the DOT to the intermediaries?

  20. So, to clear title the back fees just have to get paid?

  21. So does this mean I could take my audit and show the County Clerck where they may have been skated owed fees by the bank? If so I will set an appointment with the Clerk as soon as my audit is completed.
    GO GET EM NEIL!!!!!!

  22. Will someone weigh in on this and explain how this is NOT enabling a papering over of the misdeeds by MERS and affiliates?

    How does this help the borrowers fighting the fraudclosures? How does this help those of us and others who are clueless about the scam, to build a case and fight for our property?

    I’m having an extremely difficult time seeing this as a “win/win”. It appears to be, as “alrady40” has stated:
    a win/shaft.

    Someone tell me that I’m over-reacting, mis-reading, mis-interpreting Neil and Luminaq’s proposal. PLEASE!

  23. dang it; Tennessee is a state that does not require the assignement of mortgage!

  24. I am a little confused by this…will the paying of these fees legitimize the securitization of the “mortgage”???

  25. So let me get this straight:
    AG’s recover money from banks for fraud and homeowners get the shaft (evicted)
    Investors recover money from banks for fraud and homeowners get the shaft
    STATES will recover funds and homeowner gets the shaft. if evicted tough luck and there is no demand to have the lack of recordings rectified by nullifying the titles…. so any future owners can buy the property as long as state fines are paid and current homeowners get the (yes you guessed it) the SHAFT

    THIS IS SICK IMHO. I am not thrilled. I was going to blog on how our state must be doing fine with the fancy courthouses it’s building while the homeowners help fund with court fees to fight foreclosure etc. What a lame thing this is IMHO.

  26. Wow!!!!!!! I hope Maricopa county Arizona is in on this !!!!!!!!!!!!!

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