Investors Getting Wise to Conflict of Interest With Banks and Servicers

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by Isaac Gradman, http://www.subprimeshakeout.com

Having received copious kudos for engineering an $8.5 billion investor settlement with Bank of America over soured Countrywide residential mortgage backed securities (RMBS), “pitbull” lawyer Kathy Patrick, of the Houston-based firm, Gibbs & Bruns, has now trained her sights on the other big dogs in the world of pre-crisis MBS issuance.

Patrick’s most recently disclosed target is Wells Fargo, one of the Big Four Banks that up to now has stayed largely out of the RMBS litigation spotlight, as investors and insurers have gone after more notoriously irresponsible lenders such as Countrywide/BofA and EMC/JPMorgan.   But that all changed on January 5, 2012, when Gibbs & Bruns issued letters to RMBS Trustees US Bank and HSBC, stating that its clients held 25% of the voting rights (the critical threshold for legal standing) in 48 trusts that issued these securities and instructing them to open investigations into ineligible mortgages backing $19 billion of RMBS issued by Wells Fargo affiliates.

Recall that it was just such a letter that kicked off negotiations between Patrick’s bondholder clients, BofA-Countrywide and Bank of New York Mellon (BoNY) as Trustee.  Despite purposefully avoiding a more aggressive stance with the Trustee that may have involved declaring an event of default and triggering the Trustee’s fiduciary duties (as other bondholders were contemplating), the letter got the Trustee’s attention and was the precursor to the $8.5 billion proposed settlement that is currently being challenged in federal court.

A Pattern Emerges

The Wells Fargo letter comes on the heels of two other recent assaults by Patrick’s bondholder group.  On December 16, 2011, the group announced that it was going after JPMorgan.  In the announcement, Gibbs & Bruns said that it had issued instructions to BNY Mellon, US Bank, Wells Fargo, Citibank, and HSBC, as Trustees, to open investigations into ineligible mortgages in pools securing over $95 billion of MBS issued by various affiliates of JPM.  The most eye-popping number in this announcement was the law firm’s claim that its clients held 25% of voting rights in 243 JPMorgan trusts, even more than the 180 Countrywide trusts in which the group currently claims it has standing (now that it’s no longer counting Freddie Mac’s holdings).

Prior to that, on October 18, 2011, Gibbs & Bruns sent a letter to Morgan Stanley, saying that its clients held 25% of the voting rights in 17 MBS deals issued by the investment bank, and that it had found a large amount of servicing violations and false or fraudulent information that had been published in connection with the offering of those securities.  The letter, which has not been released to the public, only became public knowledge after Morgan Stanley disclosed it in its 2011 Q3 10-Q report.  The original face value of the 17 MBS deals was reported to be over $6 billion.

Subsequently, on January 31, 2012, Gibbs & Bruns issued a formal announcement regarding Morgan Stanley, in which the law firm stated that it had instructed RMBS trustees US Bank, Deutsche Bank and Wells Fargo to open investigations into ineligible mortgage securing $25 billion of Morgan Stanley-issued RMBS.  In that announcement, the firm claimed to have standing in 69 different Trusts.  It’s unclear why the numbers disclosed by Morgan Stanley in their earlier 10-Q are only a quarter of the size of the holdings announced by Gibbs & Bruns, but perhaps the firm has been able to attract a number of new clients in the last few months.

Shotgun Approach

By the numbers, the Wells Fargo deals represent the smallest original principal amount of RMBS out of the four issuers that Patrick has confronted thus far.  But what makes that effort particularly interesting is that it illustrates that Patrick’s group, which currently contains at least 22 major institutional investors, is not exactly taking a surgical approach to selecting the deals it wants trustees to investigate.

For example, several of the WFB deals contained in Gibbs & Bruns’ press release are experiencing delinquency rates of less than 1% and minimal cumulative losses. One analyst has also pointed out that some of the deals Patrick has identified in the past contain few actionable reps and warranties and extremely high procedural hurdles (such as voting rights thresholds of 50% just to petition the trustee).

What this indicates is that Patrick is not examining individual deals and hand picking the ones on which she is most likely to recover significant returns for her clients through putback litigation or other legal claims.  Instead, she’s identifying every trust in which her clients have standing, in the hopes of giving her the broadest platform from which to negotiate a global putback settlement for each targeted lender – a settlement, by the way, that will bind every investor in these deals, not just Patrick’s own clients.

But don’t just take my word for it.  Listen to Patrick herself, quoted in her firm’s press release on the Wells Fargo letters:

Our clients continue to seek a comprehensive solution to the problems of ineligible mortgages in RMBS pools and deficient servicing of those loans.  Today’s action is another step toward achieving that goal.

Or take Patrick’s quote in this Forbes article from October 2011:

This group did not come together just to deal with Bank of America. They came together because they wanted a comprehensive industrywide strategy and an industrywide solution… They started with Bank of America because they thought they could achieve a template that they could extend to other institutions.

These quotes may not seem remarkable until you delve into choice of language and the objections raised in the past to to Patrick’s efforts, including allegations regarding conflicts of interest and the secretive manner in which she negotiated the settlement.  What Patrick is not saying is that she wants a comprehensive solution for just her 22+ institutional clients; she’s saying that she wants a comprehensive solution for the entire industry. Recall that the big banks (who should be Patrick’s biggest opponents) have been saying much the same thing since the early days of this litigation – that they want a comprehensive, industrywide solution – and their support for efforts such as the proposed 50-state robosigning settlement have backed that up.

This only gives more credence to the fears of many of the bondholders outside of Patrick’s group: that she’s actually working to achieve sweetheart deals for the banks that would allow her institutional clients to maintain their cozy relationships with the financial firms while allowing the conflicted investors, Trustees and issuers to put these issues behind them.  But while it may be clear that Patrick is trying to architect a comprehensive settlement of all putback liabilities for the major banks along the lines of her groundbreaking settlement with BofA, what’s also clear is that this time around, her opponents will be better prepared to thwart her efforts.

A Mobilized Opposition

In the world of MBS litigation, bondholders and bond insurers have thus far gravitated toward a select few attorneys who have made their names by diligently pursuing investor interests.  This short list includes Philippe Selendy, whose firm, Quinn Emanuel, represents a number of bond insurers, including MBIA, and bondholders like the FHFA; David Grais, who represents many of the FHLBs, the distressed debt fund Baupost Group (aka Walnut Place), and TM1, to name a few; Talcott Franklin, who created the Investor Clearinghouse and represents Knights of Columbus in its lawsuit against Bank of New York Mellon; and Bernstein Litowitz, which represented the class that settled with Merrill Lynch for $315 million and currently represents Allstate and a number of European funds in recent suits.

But none of these attorneys has been the source of more controversy, more media adulation or more rampant speculation than Patrick.  The adulation stems in part from the fact that Patrick represents some of the biggest names in the world of MBS investors, such as BlackRock, PIMCO and the New York Fed, and the fact that Patrick’s firm stands to make $85 million in fees if the proposed $8.5 billion settlement between BoNY and BofA gets court approval.

Yet, Patrick has also been the source of significant controversy, primarily because of the manner in which Patrick steered her bondholder clients – many of whom have significant conflicts of interest with the issuer banks – away from more aggressive approaches to putback litigation. While I have been skeptical of the strategy behind Patrick’s efforts since she sent her first letter to BofA in September 2010 (as she failed to include any of the powerful supporting evidence she had at her disposal), recent revelations have only reinforced that belief.

Specifically, at a hearing before Judge Pauley over whether to keep the proposed $8.5 bn settlement in federal court, it emerged that Patrick had submarined efforts by the Investor Clearinghouse by urging her clients to avoid taking the more aggressive stance that was being advocated by Franklin.  This revelation came after lawyers for Gibbs & Bruns had argued that they were the only group of bondholders doing anything about MBS losses.

In addition, conflicts of interest identified between Bank of New York and Bank of America (such as the fact that BofA provides BoNY with over 60% of its trustee business and the fact that BofA has agreed to indemnify BoNY from all liability stemming from its conduct as Trustee of Countrywide trusts) have drawn the ire of bondholders and New York Attorney General Eric Schneiderman, who sought leave to file a counterclaim under the Martin Act against BoNY in court proceedings surrounding the proposed settlement.  In short, these developments have caused many bondholders, commentators and regulators to view this settlement as a sweetheart deal concocted by funds that want to maintain a cozy relationship with the big banks while satisfying their fiduciary obligation to do something about the massive losses they’ve suffered in their MBS portfolios.

Thus, it would be no exaggeration to say that Patrick and her bondholder group have been the single greatest galvanizing force for bondholders, motivating a diverse and largely passive group of institutions to band together, hire counsel, and begin taking steps to enforce their legal claims against the banks that sold them atrociously performing private label RMBS. For this reason, Patrick will likely face a stiffer challenge the next time she works with a trustee to seek judicial approval for a proposed global settlement.

Challenges to Next Set of MBS Settlements

As I see it, Patrick faces three major challenges to accomplishing her goal of piecing together global settlements with the remaining MBS issuers.  First, most of these issuers did not use the same Trustee on all their deals, as Countrywide did with BoNY.  This will make it significantly harder to coordinate a global settlement, as Patrick’s group does not have standing in the majority of any particular issuer’s trusts and needs the cooperation of a friendly Trustee to impose the settlement on the remainder of the bondholders.  For banks like JPMorgan, who used at least five separate Trustees (all with varying interests and motivations), getting all Trustees to buy into any settlement could be a logistical nightmare.

Second, the world has changed since Patrick’s BofA settlement was first proposed in New York State Court. Since then, bondholders have organized and mobilized in opposition, with over 40 bondholder groups having now retained counsel and filed petitions to intervene in the proposed settlement proceedings.  These bondholders have also had success in forcing the settlement outside of the favorable posture in which Patrick, BoNY and BofA sought to adjudicate it – in state court, under the deferential standards of Article 77.  Opposition bondholder groups, led by Walnut Place, LLC, have successfully removed the case to Federal Court, where (pending success on appeal) it will presumably be treated more like a class action, meaning it will be subject to an entire fairness standard, more robust discovery, and bondholder rights to opt out.

Finally, opposition bondholders are now on guard against another settlement negotiated in secret.  There was a significant amount of controversy in the BofA settlement surrounding whether David Grais was denied the right to participate in negotiations.  This time around, opposition bondholders are not likely to let another deal get to court without making some serious noise and creating a record showing that they tried to participate in negotiations but were stonewalled.

Meanwhile, Patrick’s group will probably start down the path of negotiating with issuing banks, who themselves will be armed with the benefit of hindsight after watching how the BofA settlement has fared in court.  While these banks likely won’t have the luxury of seeing how that first settlement is ultimately resolved, rest assured that they will learn from the pitfalls suffered by their competitor thus far and dream up new strategies to allow them to put these legacy mortgage issues behind them.  The upcoming battle, involving some of the best legal minds in the country, promises to be a chess game for the ages.

Thank you to India Autry for her meaningful contributions to this story.

 

56 Responses

  1. MAHER SOLIMAN IS A FRAUD. If you have an address for him, let us know. We want to TAKE HIM INTO COURT on FRAUD CHARGES. We have PROOF and several VICTIMS ready to come forward.

    MAHER SOLIMAN is NOT an EXPERT WITNESS….!!!

  2. The individual variable sale of a promissory note and RIDER, attached ‘Deed’ was exchanged for lien ‘Mortgage Deed’ recorded in your name.

    REGULAR TRUSTEE (DEED OF TRUST) BENEFICAIRY OF INVESTMENTS AND INSURANCE TRUSTEE MANAGING YOUR TRUST ESTATE

    SOME DEALS WENT DIRTY BETWEEN REAL ‘CORRESPONDENT’ AND REAL BROKER’ AND THE LOAN CAN’T MOVE TO REMIC.
    THERE ARE DOCUMENTS RELATED TO THAT HAPPENSTANCE.

    If you don’t request the insurance documents EXCHANGED AND DISCLOSURE OF THE RELATED AGREEMENTS OF THE TRUSTEES … USING THE LANGUAGE OF THE CONTRACTS WHICH INCORPORATES THE ENTIRE PRIOR AND UNDERLYING AGREEMENTS…. YOU’LL NEVER GET THE TRUTH!

    The Deed of Trust, ‘the Trustee’, INDEPENDENT BROKER OF TILE, acting on behalf of Beneficiary of Individual Sales Contract in form of a Promissory Note in exchange for Individual Variable Rider/Notes attached and/or incorporated by reference to representations and warranties.

    For example,

    FREDDIE MAC CERTIFICATES
    SERVICER OF ‘TRUSTEES’ AND DIRECT-SERVICERS WHO SECURITIZES IN SECONDARY MARKET ‘GUARANTEE’ ‘MORTGAGE LOAN’ IN REMIC’S ‘REAL ESTATE OWNED PROPERTY’ OF BENEFICAIRY

    DIRECT SERVICER’S OF ‘FANNIE MAE
    BENEFICIARY OF INDIVIDUAL ‘TRUST FUNDS’ AND REVENUE GUARANTED BY DEBTOR AND TRUSTOR YOU! BENEFICIARIES ARE INSURED FOR BENEFIT OF SHAREOWNERS, WHO ARE PRIVATE TRUSTEES OF INDIVIDUAL MORTGAGE LOAN PARTICIPATION CERTIFICATES WHO ‘TRUSTEE’ RECEIVES MONTHLY, QUARTERLY, ANNUALLY, BENEFITS, DIVIDENDS, DISTRIBUTIONS TO ‘TRUTEES’ AND ‘INVESTOR CREDITOR-DEBTORS’ WHOSE UNDERWRITER BENEFICIAYR OWNER OF EACH INDIVIDUAL REIT LLC’S.

    COMMERCIAL CLIENTS OF MERCHANT BANKS, EXCHANGE ‘LIKE-KIND’ INVESMENTS IN FORM OF LIENS, CONVERTED INTO FORM OF UNITS, ARE VALUABLE PRECIOUS COMMODITY, CUSTODIAN HOLDS PROMISSORY NOTES IN BLANK, BIT-BY-BIT FORM, AND AGREEM UNITS ARE ACCEPTABLE HELD IN FEE SIMPLE WHEN REDEEMED IN THE UNREGULATED SECONDARY MARKET STRUCTURED INVESTMENTS VEHICLE FOR OFF-BALANCE SHEET SETTLEMENTS C/O REMIC INC, FOR INDIVIDUAL REIT LLC.LEO WELLS CAN EXPLAIN.

    FREDDIE/FANNIE DIRECT SERVICERS
    RESTATES THEIR SPECIAL RULES AND BENEFICIARY RESTATES THEIR SPECAIL RULES THAT IN THE EVENT OF A DEFAULT THE DEBTOR TURNED CREDITOR VIA LETTERS OF CREDIT WILL ACCELERATE TITLE AND SETTLEMENTS THROUGH EACH ‘REMIC’ ACTS AS STRUCTURED INVESTMENT VEHICLE THROUGH WHICH ‘TRUSTEES’ AND ‘INVESTORS’ SETTLEUP PURCHASE OF NOT PROPERTY BUT INSURANCE, AND SETTLE UP PURCHASES OF BENEFICIAL RIGHTS AND DO IT ALL OVER AGAIN.

    “A servicer should review the mortgage documents to determine if there is a due-on-sale clause. If there is no due-on-sale clause, ownership of the property may be transferred without restriction. However, if the mortgage includes the due-on-sale provision, the transfer of ownership may be restricted to certain situations. The Fannie/Freddie Uniform Security Instrument contains a due-on-sale clause.”

    “A borrower received a separate document at closing that stated his or her mortgage note was assumable. However the actual Fannie Mae note has a “due-on-sale” clause.”

    “Each request would be handled on a case-by-case basis. Generally, we would honor the document and allow the loan to be assumed if the loan is Actual/Actual. However, Fannie Mae is not obligated to honor separate agreements between borrower and lender that are not contained in the note we purchase.”

    We do not require the servicer to enforce the due-on-sale (or transfer)
    Provision for certain types of transfers or related transactions. Generally,
    The servicer must process these exempt transactions without reviewing or
    Approving the terms of the transfer:
    • A transfer of the property to the surviving party on the death of a
    Joint tenant or a tenant by the entirety;
    • A transfer of the property to a junior lienholder as the result of a
    Foreclosure or acceptance of a deed-in-lieu of foreclosure for the
    Subordinate mortgage;
    • A transfer of the property (or, if the borrower is an inter vivos
    Revocable trust, a transfer of a beneficial interest in the trust) to a
    Relative of a deceased borrower (or, in the case of an inter vivos
    Revocable trust borrower, to a relative of the individual who
    Established the trust), as long as the transferee will occupy the
    Property;
    • A transfer of the property (or, if the borrower is an inter vivos
    Revocable trust, a transfer of a beneficial interest in the trust) to the
    spouse, child(ren), parent(s), brother(s) or sister(s), grandparent(s),
    or grandchild(ren) of the borrower (or, in the case of an inter vivos
    revocable trust borrower, of the individual who established the
    trust), as long as the transferee will occupy the property;
    • A transfer of the property (or, if the borrower is an inter vivos
    revocable trust, a transfer of a beneficial interest in the trust) to a
    2
    spouse of the borrower (or, in the case of an inter vivos revocable trust borrower, of the individual who established the trust) under a divorce decree or legal separation agreement or from an incidental property settlement agreement, as long as the transferee will occupy the property;
    • A transfer of a property that is jointly owned by unrelated co-borrowers from one of the borrowers to the other, as long as the borrower who is gaining full ownership of the property will continue to occupy it and the transfer occurs after at least 12 months have elapsed since the mortgage was closed;
    • A transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) into an inter vivos trust (or, if the borrower is an inter vivos revocable trust, into a new trust), so long as the borrower (or the individual who established the original inter vivos revocable trust) will be the beneficiary of the trust and the occupant of the property;
    • The granting of a leasehold interest that has a term of three or fewer years and does not provide an option to purchase the property. If the lease has a renewal option that would allow the term to extend beyond three years, this exemption does not apply;
    • The creation of a subordinate lien, as long as it does not relate to a transfer of occupancy rights; or
    • The creation of a purchase money security interest for household appliances.

    WAKE UP LITTLE SUZIES
    THE WORLD IS ROUND, AND YOU WERE SCAMMED! YOU ARE THE WEAKEST LINK, UNPROTECTED BY CONGRESS, COLLATERAL DAMAGE THROUGH WHICH OBLIGATOINS OF THESE UNITED STATES OF AMERICA AND EACH PRESIDENT AND EACH CONGRESS SINCE THE ‘FIRST PUBLIC FUNDS BAILOUT OF THE S&L DISASTER’ CREATED THE PREDATORY COVETED SECONDARY MARKET AND GOOD REASON ALL OF ‘OUR’ TRANSACTOINS ARE UNREGULATED! YOU CAN’T WIN ALONE YOU CAN WITH JOINING TOGETHER ! A BANK OF PATRIOTS WHO WILL BENEFIT FROM THEIR PRIVATE REIT LLC’S AND WILL BE TRUSTEE OF THE POLICIES AND BENEFACTORS THEREOF.

    YOUR OWN CURRENT PRESIDENT STATED IN PUBLIC THAT ‘WE ARE NOT SMART ENOUGH TO UNDERSTAND THESE AGREEMENTS AND INVESTMETNS’. SORRY TO SURPRISE YOU PRESIDENT OBAMA – BUT WE ARE FOR I DID NOT LEARN THIS ALONE – I WAS BLESSED WITH AN OPEN HEART, AN OPEN MIND, NOT AFRAID TO LOOK FOR AND JOIN WITH OTHERS WHO WANT TO WIN!

    Each of you is good consumers and that includes you ENRAGED right? You believed you were safe! You are ENRAGED because you and I and ‘we’ all have been harmed! Use that enragement for good! Don’t look gift-horses in the mouth. And don’t expect to be handed on a silver platter ‘one stop shopping’ to walk into court and say Judge they screwed me – you are my friend – right? NO YOUNG LADY YOUNG GENTLEMAN, I’M A JUDGE, EVEN THROUGH I MAY BE A REAL ESTATE LAWYER, AND EVEN THOUGH I MAY ORDER EXECUTION OF ‘SETTLEMENT’ BETWEEN THE ‘BENEFICAIRY’ AND SUCCESSOR BENEFICIARY, AND EVEN THORUGH THEY MAY BE THE ‘SAME PERSON’ – I’VE PATIENTLY ALLOWED YOU TO COME BACK INTO COURT OVER THE PAST THREE, FOUR, OR FIVE YEARS AND STILL YOU DID NOT PROVIDE ME WTIH HARD EVIDENCE THAT I MAY ‘INDEPENDENTLY RULE OVER’ – YOU DID NOT MOVE ME AS THE COURT TO ‘NOT’ CLEAR TITLE FOR BENEFICIARY AND SUCCESSOR BENEFICIARY AND I WILL ORDER THE ‘SETTLEMETN OF FUNDS’ THE PURCHASE BY THE REO BENEFICAIRY TRUSTEE AND SALE TO THE SUCCESSOR BENEFICAIRY TRUSTEE BECAUSE THAT IS MY DUTY IN COURT OF EQUITY TO RESOLVE ‘LIENS’ – YOU DID NOT PROVE ITS NOT YOUR LIEN!

    Your Congressional representatives SET YOU UP TO FAIL!
    IF YOU VOTE THESE ‘GREEDY BASTARDS’ BACK IN THEY WILL CONTINUE TO HIDE WHAT THEY DID ORDER 1989 ‘FREDDIE/FANNIE/RESOLUTION TRUST; THEY WILL HIDE WHAT THEY DID ‘FEDERAL RESERVE AND IRS’ FAS 1122, THEY WILL HIDE WHY THEY DID THAT BUT YOU CAN READ AS I HAVE BETWEEN THE LINES ‘PRIVATE WEALTH ENTITIES’ BECAME STRATEGIC PARTNERS WHO COULD PASS THROUGH AS BENEFICAIRIES DEPOSITS INTO ‘THE ONLY’ FINANCIAL HOLDING COMPANY’ ALREADY OPERATING PRIOR TO GRAMM-LEACH BLILEY 1999, AND BEFORE BOA, CHASE BECAME ONE TOO 3/13/2000…

    FOOTHILL GROUP, NORWEST CORP, WELLS FARGO & CO’MN DO AS ORIGINATORS AND AS SERVICERS CONTROL DISTRIBUTION OF FUNDS TO TRUSTEES AND INVESTORS – CTS-LINK ‘NORWEST ASSET SECURITEIS CORP’ NOW THE GOVERNMENT SHOULD TAKE OVER BUT WON’T FIX ANYTHING AS LONG AS ‘FREDDIE’ HIDES THE ‘INVESTORS’ WHO OWN THE ‘MORTGAGE LOAN PARTICIPATION CERTIFICATES’ AND FANNIE MAE ‘SERVICES’ THROUGH PASS-THRU RESALES OF REO/REO FOR ACTUAL/ACTUAL HELD BY FREDDIE/FANNIE/HUD/FDIC COLLECTION RIGHTS SOLD BACK TO FANNIE!

    SADLY, ITS’ YOUR EARNEST MONEY FOR THEIR BENEFICIARIES. GOOD NEWS ‘EARNEST MONEY’ COMES WITH BENEFITS IN THE HANDS OF LAWYER WHO LOOKS AT TRANSACTIONS AND ‘GETS IT.’ THEY WONT’ LOOK AT TRANSACTIONS, AND THEY WON’T GET IT! SO YOU NEED GROUP WHO DOES GET IT! YOU ARE IN A GOOD PLACE HERE WITH NEIL, MAHER SOLIMAN WHO IN SPITE OF YOUR MEAN-SPIRITED BULLYING – WE TAKE IT ON THE SHOULDER AND KEEP COMING BACK FOR THE MOLES DON’T MATTER HERE – YOU THE PEOPLE MATTER – NEIL’S NOT IN JAIL FOR DOING GOOD AND DOING BAD LIKE OTHER BLOGS!CONGRESS USING FEES FROM HUD1’S TO PROVIDE ‘REVENUE’ TO FHA, FDIC, ETC. CENTRAL BANK FILLED TO THE BRIM WITH ‘OBLIGATIONS’ LIENS NOW WHAT!

    GET RID OF THE CONGRESSIONAL AGENCIES, START OVER HIRING GOOD BUSINESS PEOPLE WHO ARE UNEMPLOYED, WHO WERE TRAINED TO WORK WITH INTEGRITY AND MAKE PROFITS FOR THE STOCKHOLDERS! TIME THEY MADE MONEY AS ONE OF THE STOCKHOLDERS!

    GET OUT OF CONGRESS THE ‘GREEDY BASTARDS’ – JUST LOOK FOR THOSE ON THE ‘SUPER COMMITTEEES’ WHO ARE DAMAGE CONTROL !

    ISOLATE AND KEEP THE GOOD ONES WO WE CAN LEARN FROM THEM WHAT OUR DUTIIES ARE AND CONTINUE TO TAKE RESUMES OF THE UNEMPLOYED, THE FINE GOOD HARD WORKING HONEST UNEMPLOYED PARTIES TO RUN FOR OFFICE. DO NOT TAKE ONE ‘REAL ESTATE AGENT/BROKER’ WHO PARTNERED WITH ‘REAL ESTATE LAWYERS’ WHO CLOSED IN SECRET AND TOOK YOUR PROPERTY TO BENEFICIARY OF REMICS!

    WE DO HAVE THE BUSINESS SKILLS NEEDED FOR THE JOBS.

    POST THEM.

    GET TOGETHER IN YOUR MUNICIPALITIES AND DO NOT LET INTO YOUR PRIVIATE MEETINGS MEMBERS OF THE ‘ENEMY CAMPS’ BE WARY AND CAREFUL FOR TRUSTEE BENEFICIARY SALES PEOPLE EARN REWARDS FOR LEADS ON MUNICIPAL, SCHOOL, CHURCH, WHEREEVER ‘MONEY OF THE PEOPLE SITS’ YOU GET INTO THESE POSITIONS!

    WILL YOU BE LIKE THE MAYOR IN DALLS? HOW MAY MAYORS, COUNTY CLERK RECORDERS – ASSESSORS, ASSOCIATE JUDGES WHO ARE REAL ESTATE LAWYERS, JUDGES WHO ARE REAL ESTATE LAWYERS, ASSEMBLY MAN AND WOMAN LIKE IN NEW JERSEY WORK PART TIME AND EMPLOYED WITH OR PARTNERS OF BENEFACTORS OF SECONDARY MARKET? THE DALLAS MAYOR AND FRIENDS BENEFACTORS FOR A TIME WILL COTINUE LIKE COCKROACHES – NO MATTER WHAT YOU DO THEY WILL CONTINUE TO COME BACK, NO MATTER HOW CLEAN YOU ARE THE GREEDY BASTARDS WANT TO EAT YOUR FOOD, SLEEP RENT FREE, AND SHIT ALL OVER YOU AND YOUR BELONGING!

    YOU GET ONTO THE SCHOOL BOARDS TO ‘SPY’ WHO ARE THE INVESTORS’S SPY.

    MERCHANT BANKERS DEALERS, BROKERS, AGENTS, DISTRIUBTORS ARE REPESENTED IN EVERY DEAL IN YOUR COMMUNITY! COUNTY! STATE! COMMONWEALTHS. REGIONS BY BANKING. VOTE THE BASTARD SOUT!

    GET VOTED INTO COUNTY ASSESSOR POSITIONS! GET MOVING! CONTACT NEIL TODAY!

    ANOMYOUS AND ALL GOOD CONSUMERS:
    You are paying your loan from the moment you accepted the ‘obligation’ of a third party DEBTOR.

    HARD EVIDENCE OF CONCEALMENT WILL ONLY GET YOU TO VOID THE AGREEMENT AND WHAT WHO WILL GIVE YOU A LOAN TO PAY BACK THE CASH GIVEN TO YOU -JUST THE CASH GIVEN TO YOU IS ALL YOU OWE. NEXT, HOW DO YOU CLAIM THE BENEFITS AS TRUSTOR YOU ARE DUE? THEY DON’T CARE IF YOU WALK AWAY THEY HAVE ALREADY LOTS OF CASH, AND WANT THE FINAL SETTLEMENT THE COURT WILL ORDER. WHEN THE COURT ORDERS THE SETTLEMENT THE PROCEEDS OF SALE MOVE DOWN OFF-BALANCE SHEET AND ARE IN FORM OF US DOLLARS – THEY CONVERTED THE VALUE OF THE ‘MORTGAGE LOAN PARTICIPATION CERTIFICATES BACK INTO US DOLLARS’ NOTE THEY WERE NOT ‘FEE’ SIMPLE AS CLAIMED ! THEY ARE SECURITIZED SO IF THEY DON’T GET CONVERTED BACK INTO US DOLLARS WHAT HAPPENS? THEY KEEP THEM! A WIN /WIN FOR ACTUAL/ACTUAL AND REO/REO? NOT IF WE CAN HELP IT! WE WANT TO WIN AND WE WANT THE THOUSANDS OF REAL ESTATE LAWYERS AND PROFESSIONAL ACCOUNTS TO SWICH WITH THE GOOD LAWYERS AND GOOD ACCOUNTANTS WHO WILL BEGIN TO DISTRIBUTE TO US THE TRUSTORS THE BENEFITS SO WE CAN PAY OFF OUR DEBTS! THAT IS HOW THE ECONOMY WILL IMPROVE DEAR MR. PRESIDENT. A WIN/WIN FOR US MR. RON PAUL FUTURE PRESIDENT – WHY DON’T YOU REVEAL THE TRUTH! THAT WILL GET YOU ELECTED AND US JOBS! WE WANT A WIN/WIN ! LIKE THE OLD JOHN WAYNE DEAR RON PAUL! PLEASE ELECT VICE PRESIDENT HUNTSMAN TO JOIN YOU! HE KNOWS THE ‘TRUSTS’ ARE EMPTY – HE TOLD YOU AS HE EXITED – RON PAUL CAN BE A SUCCESS WITH A PARTNER WHO GETS IT!

    DON’T LET THEM KEEP THE INVESTMENT UNLESS YOU GET JUSTICE, NOT UNJUST ENRICHMETN – JUSTICE!

    MAYBE JUSTICE IS YOU BECOME THE BENEFICIARY AND SUCCESSOR BENEFICIARY AND ALL REMAINS AS IT WAS! YOU TAKE THE PLACE OF THE MEMBERS OF THE STOCKHOLDERS AND BOARD OF DIRECTORS WHO EXIST IN THE PRIVATE REIT LLC ! NORWEST ASSET SECURITIES CORP CAN DO WHAT THEY DO ON THE 25TH OF EACH MONTH, DISTRIBUTE TO TRUSTEES AND INVESTORS BENEFITS! I LIKE THAT SOLUTION! WHAT DO YOU VOTE FOR?

    CASH OUT? IF YOU CASH OUT AND SELL THE PROPERTY YOU GET THE DIFFERENCE – NOT THE REIT LLC!

    LET’S GO PATRIOTS!

    TAKE OVER REMIC LLC’S, FIND YOURS!

    AND SEEK REMEDY IN COURT OF EQUTY – CLAIM WHAT IS YOURS! AND THE REST HARMED RECLAIM YOUR ABANDONED ESTATES AND SUE THE BASTARDS.

    THE BENEFITS OF THE INVESTMENTS! YOU WERE NOT A PARTY TO THE INVESTMENTS THEY MADE! BUT YOU ARE A TRUSTOR!

    SO TO REVIEW: UNDER UCC ANYONE CAN PAY THE DEBT OF A STRANGER, YOU A STRANGER OT THE INVESTMENTS IN WHCIH THE DEBTOR BECAME A CREDITOR THROUGH A COMMERCIAL LINE OF CREDIT, AND SERVICER BENEFICIARY THIRD PARTY DEBTOR COLLECTING CASH FROM STRANGER TO INVESTMETNS BUT OBLIGEE TO OBLIGOR THE CORRESPONDENT SERVICER WHO ARE COLLECTING MONEY FOR A THIRD PARTY BROKER OF TITLE TRUSTEE.
    AND There is nothing unlawful about paying the debt of a third party. AND THERE IS NOTHING UNLAWFUL ABOUT SERVICER COLLECTING MONEY FOR A DEBT.

    The ‘concealment’ does not come with benefits of law to you – why? CONGRESS PUT INTO PLACE ‘CIVL REMEDY’
    US TREASURY WHO IN PRIMARY MARKET REMAINS REAL OBLIGOR YOU REAL PEOPLE OBLIGEE OF ‘REAL OBLIGATIONS’ OF S&L BAILOUT!

    EACH DEBTOR IN SECONDARY MARKET ALLOWED TO BECOME A CREDITOR PURCHASING A PEICE OF A LINE OF CREDIT – AND TAKES EQUTIY – PART OF EQUTIY IN FORM OF PROMISSORY NOTE’ SALES CONTRACT FORM YOU.

    COMMERCIAL BANKS OF THE MERCHANT BANKS BENEFIT WHEN CASH DEPOSITS ARE MAKE BY CONSUMERS, DEBTORS, CREDITORS, INTO THEIR COMMERCIAL ACCOUNTS AND PRIVATE INVESTOR’S ACCOUNTS.

    THE S&L OBLIATOINS ARE BACKED BY THE FULL FAITH AND CREDIT OF THESE UNITED STATES OF AMERICA AND THE SUCCESSIVE AND RELATED OBLIGATIONS ARE BACKED BY THE FULL FAITH AND CREDIT OF THESE UNITED STATES OF AMERICA C/O FDIC AND ALL OF THE RELATED ‘INSURANCE’ AGENCIES.

    WHEN MAY A LENDER, FEDERAL HOME LOAN BANKS, ACCELERATE TITLE WITH THE REAL DEBTORS. ? ANYTIME THEY WANT TOO! UNLESS IN THEIR UNDERLYING AGREEMENT THERE ARE RESTRICTIONS, EXCLUSIONS, EXCEPTIONS…ENTITLEMENTS, ENCUMBRANCES, LIENS, …

    EACH PRIVATE REMIC LLC, AND EACH PUBLIC SPE, AND EACH ‘COMPANY, INC.’ WILL CONTINUE TO TAKE WHAT THEIR AGREEMENTS STATE THEY CAN TAKE.
    NO LAWS EXIST NOR WILL BE CREATED TO CHANGE THAT.

    LOOK TO NEIL AS A LEADER OF THE CAUSE, LOOK TO EXPERT WITNESS MAHER SOLIMAN WITH RESPECT – SO WHAT IF YOU DON’T UNDERSTAND US – WE ARE DOING ALL THE WORK THAT YOU MAY BENEFIT FROM – I WORK WITH OTHERS COMMITTED ‘AMY REAUX’ BRILLIANT, KEN DOST WHO IS SO ANGRY NOW HE SCARES ME BUT OF EXTREME VALUE TO THE CAUSE, WE ‘THE PUBLIC’ HARMED BY A FEW WHOULD BE COME THE OWNERS OF OUR BENEFICIAL INTERESTS! THE TRUSTEE SHOULD WORK FOR US!

    WE SHOULD REAP THE BENEFICTS OF THE SECONDARY MARKET ‘CARVED OUT BY THE’ FOOTHILL GROUP DBA NORWEST CORP, AND GMAC-RFC, AND CHASE, BOA, CITIGROUP — BENEFACTORS OF ‘LOOPHOLES’ UNIQUE BUSINESS MODELS OWNED BY NORWEST CORP OPERATING FOR FANNIE/FREDDIE/RECONSTRUCTION TRUST COMPANY AS FINANCIAL HOLDING COMPANY, AND CHASE, UNIQUE BUSINESS MODEL WHO CAME TOGETHER 1996 IN STRATEGIC PARTNER SHIP THROUGH ‘TRUSTEES’ OWNERS OF BENEFICIAL INTERESTS OF ‘INSURANCE COMPANIES’
    WHO TOOK OVER DIRECT SERVICING OF REAL ESTATE OWNED PROPERTIES TRUSTEES HELD BENEFICIAL INTERESTS OF SOLD IN SECONDARY MARKET.

    FREDDIE/FANNIE/RECONSTRUCTION COMPANY TRUST FUND, CREATED NORWEST ASSET SECURITIES CORP, CTS-LINK THROUGH WHICH TRUSTEES/INVESTORS PAID ‘TRUSTEES’ BENEFICAIRY OWNERS OF THE ‘PERSONAL PROPERTY’, REIT LLC’S INVESTORS BOARD MANAGING CASH FOR THE STOCKHOLDERS, COLLECTING CASH MEANWHILE LOTS OF COMPLEX GAAP STUFF ONLY AN ‘EXPERT WITNESS’ MAY TESTIFY TAKES PLACE!

    THE DEALS DONE.
    TRUST ESTATES EXIST
    E-STATELOANS ‘STRUCTURED SETTLEMENTS’ PASS THRU REMIC, SPE’S CREATED FOR REIT LLC’S AGAIN REAL ESTATE LAWYERS TRUSTEE’S BENEFICIARY HOLD ‘TITLE’ ARE RECLAIMING TITLE AND ARE ALSO THE SUCCESSOR BENEFICIARY IN COURT.

    In all matters related to ‘contract law’ dear TRUSTOR, PROTECT YOUR TRUST ESTATE, PROTECT YOUR ABANDONED ESTATE, FIGURE OUT HOW TO BECOME THE BENEFICIARY TRUSTEE, AND SHAKE HANDS IWTH THE ‘REGULAR TRUSTEE’ WHOSE OWNER OF THE REAL ASSETS!

    S&L benefactors won and moved forward slamming us through servicing real estate owned properties in what is the largest PONZI scheme of the 21st century, THERE IS A SOLUTION AND RECORDS ARE RECORDED IN THE PUBLIC DOMAIN EVERYWHERE!

    AND NORWEST FUNDING CORRESPONDENT’S USA 1031 EXCHANGE, FIRST AMERICAN IPXCO, ORXCO, ETC… TOOK POSSESSION OF CLOSED END MORTGAGE OF REAL DEBTOR AND TURNED INTO AN INVESTMENT FOR THEMSELVES!

    SECONDARY MARKET – REAL ESTATE OWNED PROPERTY, NATIONWIDE WE SIT WITH SELF-ADMITTANCE OF EVIDENCE, COMPELLING EVIDENCE,
    MERS SERVICER ID ‘FREDDIE MAC’ WON’T REVEAL NAMES OF INVESTORS. FANNIE MAE WILL REVEAL NAME OF SERVICERS’ BENEFICIARYS OF TRUST ESTATE WHO WITHHOLD FROM YOU THE TRUSTOR, ARE TRYING TO RESELL REO OF REO AGAIN C/O THEIR NEW ‘CUSIP JUNK BONDS’

    FDIC/HUD/FREDDIE/FANNIE THE LARGEST ‘SECURITIZER’ DIRECT SERVICER OF ‘FREDDIE MAC’ MORTGAGE LOAN PARTICIPATION CERTIFICATES WHICH ARE ONLY INSURED BY THE ‘REMICS’!!!!! ARE SOLD TO INVESTORS THE REASONABLE CONSUMER KIND OF INVESTOR LONG ARM REACH – PENSION INVESTMENTS OF THEIR FUND HAVE NO WAY TO KNOW EACH CHUNK OF CASH BY ‘MORTGAGE LOAN’ PREFUNDED WAS HANDED TO ‘REMIC’ TO INVEST. FANNIE MAE DIRECT SERVICER CONTROLS THE REPO’S. NATIONWIDE MORSERV, INC. (CHASE) AND NORWEST MORTGAGE, INC C/O NORWEST ASSET SECURITIES CORP AND NORWEST ASSET ACCEPTANCE CONDUIT, DIRECTORS ASSET MORTGAGE CONDUIT, CHASE MANHATTAN RESIDENTIAL MORTGAGE CONDUIT, IN NEW JERSEY, 343 THORNALL, AND FREDERICK MD ‘CHASE HOME FINANCE LLC, AND OTHER ‘REIT LLC’S REAP THE RAPING OF A SECONDARY MARKET DEALS MANAGED BY: RES-DIRECT
    RELS MANAGEMENT LLC NORWEST MORTGAGE INC FIRST AMERICAN ESCROW SALES AGENTS AND LENDERS PROCESSING SERVICES ASSET MANAGERS NATIONWIDE AND ‘ANYBANK SERVICER NA’

    FOR THE BENEFIT OF PRIVATE OWNERS, PRIVATE EQUITY PARTNERS, PRIVATE HEDGE FUND MANAGERS, WHO ALL ARE COMMERCIAL CLIENTS OF ‘MERCHANT BANKS’ WHO AS PREFERRED STOCKHOLDERS OF PRIVATE COMPANIES ALL BENEFICT, AND THE ‘COMMON STOCK HOLDERS’ PAY FOR THE DAILY EXPENSES OF WFC HOLDING LLC DBA WELLS FARGO & CO., WHOLLY OWNED SUBSIDIARY DIAL BANK, NATIONAL ASSOCIATION DBA WELLS FARGO BANK, NATONAL ASSOCIATOIN, ‘CUSTODIAN’ NOMINEE FOR THEIR COMMERCIAL CLIENTS.

    SINCE YOU DEAR CONSUMER trusted your CONGRESS and your PRESIDENT who said you are safe to do business in the Secondary MARKET, HEARE THIS! THEY LIED!

    HOWEVER, no body held a gun to your head to sign and trust notary agent of nationwide settlement title closing services of ‘Correspondents’ who close first and take possession of property ‘trustees’ on your behalf dear trustor!

    The real note destroyed after being recorded. Why? So anyone who may claim they are the owner of the debt may go before court and claim they are the holder in due course.

    Now is the transaction UCC 3 or not?

    FEE SIMPLE?
    If so the Beneficiary is claiming they never converted your title held by their Broker of Title ! Is that true? Yes – your promissory note sites safe as a bug in a rug with no staples!!! with Beneficiary Trustee First American for its collateral, precious valuable collateral bearer paper –Dear Trustor: Claim your beneficial rights
    Not in Court of Equity over simple matter ‘lien’ and ‘standing’ but you can win the standing issue, you can win assignment was not recorded at time passed to REMIC you can win and still lose. Get connected to people who get it! Who know they need evidence and Expert Witnesses, and like-minded consumers will organize together and contribute a few dollars to ‘The Organization’ who can create the Patriots REIT LLC, an honest organization — one whose ‘trustees’ and beneficiaries will get what is due not hidden and those benefits will enable good descent folks harmed to claim their benefits and pay off their debts and move forward in forbearance reclaiming what is their property and trust estates fractional shares, and our attorneys’ will work within the laws of the land, and our ‘expert witness’ will be the very special kind who will go down in history for having turned around a ‘disaster’ back into the American Dream. you all disrespect’ Maher Soliman for example, the only ‘expert’ who handed you evidence. You too could have researched what they did as I have using what he shared ‘vernacular’ terms of the finance world to learn. Now a team is evolving who understands and you’ll all be able to benefit from. Stick together, ENRAGED keep taking that Zanax and we can win!

    If you are not smart about this, CONGESS will do what they always do ‘create agency’ and civil remedy over said Ponzi schema and you’ll lose. They won’t fill debtor’s jail. Not in best interest of welfare of nation. INDEED there is a get out of jail free card – it’s the St. Germaine as related to DUE ON SALE CLAUSE.

    Real the articles on ‘Google’ and learn how to BEAT THE DUE ON SALE CLAUSE BLUEPRINTS FOR REMIC’S AND UNDERSTAND WHEN YOU SIGNED THE NOTE THE REMIC HELD THE NOTE IN BLANK WAITING FOR YOU TO DEFAULT, THEN PURCHASE YOUR NOTE. THAT IS NOT UNLAWFUL IN THE WORLD OF CONTRACT LAW! ITS WAS A CONDITON OF UNDERLING AGREEMENTS AND OBLIGATIONS. SO GET SMART, GET CONNECTED TO THOSE WHO KNOW WHAT THEY DID SO YOU CAN WIN!

    A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance may be called due upon sale or transfer of ownership

    most misunderstood topic in real estate investing

    Real-estate investors who are not too bright tend to believe lenders want due-on- sale clauses because they are greedy

    Attorney William Bronchick discusses How to Take a Property Subject To the Existing Mortgage

    Dealing With the Due on Sale Clause – Part II – Bill Bronchick.

    (1) the term “due-on-sale clause” means a contract provision which authorizes a lender, at its option, to declare due and payable sums secured by the lender’s

    what scenarios do not trigger the clause

    Due-On-Sale Clause Provision in a conventional mortgage requiring payment of the unpaid loan balance if the property is sold

    A Due-on-Sale clause is a clause in a note or mortgage that gives the lender the right to call the entire loan balance due if the property is sold or otherwise

    A due-on-sale clause is a clause found in some mortgages or deeds of trust giving the mortgagee or beneficiary the right to declare an acceleration of the

    Federal law defines a due-on-sale clause as “a contract provision which authorizes a lender, at its option, to declare due and payable sums

    Due On Sale Clause Llc on Trulia Voices

    Fannie Mae: If there is no due-on-sale clause, ownership of the property may be … includes the due-on-sale provision, the transfer of ownership may be restricted to certain

    Anonymous you are not in default with Freddie/Fannie.
    The Beneficiary Trustee won’t release your loan to REMIC for settlement. Was it not passed to REMIC? Something happened.

    Documents must exist for 7 years from the Insurance Company. They are waiting for the 7 years to expire.
    They don’t to hold the insurance documents. Get INJUNCTIONS AND Legislation enacted today that the insurance records may not be shredded!

  3. ANONYMOUS, get with it! “Lender” is meaningless bank talk and doesn’t really have any concrete definition… it’s an etherial “state of being,” assumed by the ruling oligapoly… just like the banks’ other choice words like “nominee,” “investor,” “free market,” “responsibility,” etc.

    You need to focus and use only the REAL words the banks want us to use, like “borrower,” “deadbeat,” “debtor” and “responsibility.” 😉

  4. A tiny bit off subject but relevant.
    Check out post today on zero hedge.com about
    commercial MBS.
    Banks been doing exactly the same on commercial notes as in
    residential.Fraud everywhere and massive lawsuits coming.
    Same scenario coming,REPO market will freeze up and market will crash even further than 08/09.

  5. Annomyous borrowers who are current are happy able to pay for their mortgage loan. What will they do when they find out the DEED is not their’s? I mean its the debtor’s deed, who is benefitting from the investments of the NOTE. The real owners of the investments needs you to default! Dirty tricks await those good people, A missed payment by a servicer, a missed last payment, you’ve read about those right. The ‘Deed of Trust’ Trustee holder of real debt did assign the mortgage loan to the REMIC and they don’t know it because the beneficiary trustee does not record the assignment. The investors and trustees are receiving dividends monthly for all of the trades and exchanges of like kind property and pass through Norwest Asset Securities Corp’s CTS-LINK who pays the holders of the Freddie Mac Mortgage Loan Participation Certificates. The REMIC is the SPE to pass thrugh loan flips and the only time money is in there for the purchase of the loan at full appraisal value 5 years ago and a short sale with the successor beneficary the plaintiff in court! Its not your loan then its been blessed by the judge a real estate lawyer to blessings of settlement when judge orders settlement, and judge orders release of funding for beneficiary and beneficiary successor to settleup and RES-DIRECT(sm) RELS MANAGEMENT LLC NORWEST MORTGAGE INC FIRST AMERICAN TITLE TO SETTLEUP. REMEMBER, FREDDIE/FANNIE INVESTMENTS ARE NOT GUARANTEED.THE REAL LENDER WILL TAKE THE FIFTH! THE REAL LENDER THE FEDERAL HOME LOAN BANKS. THE CLEAR TITLE ISSUED BY COURT ALLOWS RESALE OF COLLECTION RIGHT – THEY’LL FIND SOME PERSON LIKE US TO PURCHASE THE PROPERTY WHO HAS NO IDEA THEY ARE EXCHANGING A ‘SALES CONTRACT’ FOR A DEED, A DEED THAT IS FAKE! YOU CAN ONLY REFINANCE ‘MODIFICATION’ WITH SERVICER NOT THE LENDER. THE SERIVCER SELLS THE LOANS, SELLS THE LOANS, SELLS THE LOANS MEANS THEY BROKER SELLING OF LOANS OWNED BY SOMEONE ELSE – THAT IS WHAY THE SECONDARY MARKET IS ALL ABOUT! THERE IS NO CURRENT ‘LENDER’ THERE IS A CURRENT DEBTOR WHO ALLOWED YOU TO PAY THEIR LOAN AND WHEN YOU STOPPED PAYING THEIR LOAN THEY FORECLOSE ON THE LIEN AND FIND ANOTHER SUCKER.

    YOU NEED A GOOD LAWYER, YOU NEED THE EVIDENCE. CONTACT NEIL, CONTACT GLENN AUGENSTEIN, CONTACT HIRE AN EXPERT LIKE EXPERT WITNESS. IN COURT OVER A FORECLOSURE YOU WON’T WIN YOU NEED TO LET THEM FORECLOSE AND FILE TIMELY LEGAL DOCUMENTS LOOKIGN BACK AT WHAT THEY DID. YOU NEED AS I’VE ASSERTED BEFORE TO WORK FROM CONTRACTURAL RIGHTS OF TITLE COMMITMENT, ETC.

    THE INVESTORS WERE SCRWED ALSO. THE REMIC TOOK THEIR PENSION – MUNICIPAL – REGULAR CONSUMER’S TRUST MONIES TO ‘INVEST’ FOR THE BENEFACTORS OF THE STOCK OF THE REMIC!

    SAD FACT. THEY KNEW ABOUT CIVIL REMEDY. YOUR DEALING WITH THE SMARTEST CROOKS IN THE WORLD WHO DO WHAT YOU SHOULD ALL DO.

    WE ALL MUST GATHER TOGETHER IN OUR OWN COOPERATIVE, WITH A PARTY WHOM WE MAY ENTRUST OUR PROPERTIES TO OUR OWN ‘REMIC’ AND JUST DO WHAT THEY DO. WE CAN’T CHANGE WITH CONGRESS DID. THERE IS NO LEGISLATION THAT WILL FIX ALL OF THE LOAN FLIPS. WE CAN BE SMARTER THAN THE AVERAGE BEAR!

    YOU WANT TO BE PART OF A COOPERATIVE, A PATRIOTS COOPERATIVE – ONE WITH THE KNOWLEDGE, RESOURCES BACKED BY THE PEOPLE IN THE STEEPLE – THEN KNOW THIS – ITS COMING – MEANWHILE – YOU NEED – YOU NEED – YOU NEED FORECLOSURE DEFENSE WHO KNOWS HOW TO ASSERT STANDING IN COURT THAT THE ‘MORTGAGE LOAN FLIP’ TO A REMIC , THE REMIC ASSIGNMENT FILED JUST PRIOR TO FORECLOSURE OR DURING FORECLOSURE IS AN ATTEMPT OF THE BENEFICIARY TO TAKE BACK CONTROL OF THE VALUABLE COMMODITY ‘LIEN’ TO RESELL, AFTER THEY CASH OUT THE PENDING SETTLEMENT – THE COVETED DEFAULT.

    NOT EVERYTHING IS ULAWFUL THEY DID.

    AND EVERYTHING THEY DID THAY YOU ASSERT WON’T MOVE THE COURT – WHY? THE COURT LOOKS AT YOU AS A DEBTOR NOT THE INJURED PARTY, AND LOOKS AT THE BENEFICIARY AS ‘LANDLORD’ AND THE COURT DOES NOT KNOW THEY ARE THE DEBTOR.

    THERE IS PLENTY OF EVIDENCE THEY ARE THE DEBTOR IF ONLY YOU HAVE A GOOD ATTORNEY, GOOD EVIDENCE FROM PEOPLE WHO KNOW WHAT THEY DID WRONG. CONTACT NEIL. CONTACT EXPERT WITNESS. CONTACT ME 973-347-3475

    WHO is the lender if you are current??? Or, as I surmise, are you falsely not current from the onset??? From origination?? Yes. But, the key word is falsely — fraudulently

  6. this rabbit hold is DEEEEEEEEEEEEEEEEEP

  7. This makes me so angry I feel like punching somebody—the foreclosure mill (Aztec) actually had the GALL to say my “current lender/creditor” is DBNTC—how the heck do they get away with saying a frickin’ Trustee is a creditor/lender??? GRRRRRRR!!!!

  8. Yes…this is what the servicer wrote to me back in December when I cited FDCPA and TILA amendment:

    “The Truth In Lending Act entitles you to information concerning the investor who owns your loan and we have provided that. However, neither TILA nor the Fair Debt Collection Practices Act gives you the power to pay the investor directly or to refuse to pay the loan servicer retained by the investor…”

    Well, guess what—they NEVER told me WHO the “investor” was…just that my “loan” was “pooled” into such and such MBS trust, the Trustee of which was DBNTC—Deutsche Bank National Trust Company…so who the heck is the “investor”? Am I missing something? Oh, yeah…THE TRUTH.

  9. Nancy Drewe

    Ok. But, explain why borrowers who are current, not in default, and not under-water, are also having their “mortgage loan” assigned and recorded to REMIC trusts. REMIC trust who cannot refinance given “static fund” status. So, who is the “lender” that a paying borrower can go to to refinance with their current lender???

    Or, do they not have a current lender? And, what lender can the homeowner assert TILA violations against?? The “investors”??? Would be tossed out of court in an instant.

    WHO is the lender if you are current??? Or, as I surmise, are you falsely not current from the onset??? From origination?? Yes. But, the key word is falsely — fraudulently.

  10. I encourage everyone to quitclaim your non-property!

    I just found out we never even got the grant deed on a house in 1999′ and we had to sign a relase of liability on the missing grant deed!

    heck, no I certainly do not own that property, why the previous owners still own it, and one of them had no idea about SALE, and thought he was collecting rent al these ten years.

    I do NOT claim adverse possession. nope, I don’t claim it.

    but, why, oh why FIRST AMERICAN, did you handle all the refinancing on this the past nine years, when you knew we never got title, this mystifies me!

  11. Attorney General gave rights to people who harmed us to execute short sales with the same gang of Freddie/Fannie

  12. How many in the ‘Chamber of Commerce’ are ‘chock full of the goo citizens who are benefactors of this huge ponzi schema which was in fact organized by senior counsel and accountants. Independent Real Estate Lawyers nationwide partner with Real Estate Agents and/or Settlement Sales Agents who sell ‘Escrow’ (its not what you think it is).

    Local “Real Estate Lawyer” conducts closings on behalf of SERVICER’ CORRESPONDENT DBA ANYBANK NA.

    The local Real Estate Lawyer Broker of Title records the Deed of Trust during origination and DEED of TRUST only during refinance.

    The same Real Estate Laywer sends the Promissory Note Sales Contract and is rewarded for sale of investment products and services of conducing real estate closing. Commitment is payment for services of investors.

    Deed of trust – independent third party – Trustee Real Estate Lawyer manages for Regular Trustee collateral by affixing ‘account numbers to documents, before closing, during closing, after closing.

    Why is the Deed not replaced during refinance?

    There are a lot of exceptions that allow you to be deceived. What are you doing about that?

    Did you know you purchased an investment in the Secondary Market?
    Did you know that you promised to pay the Debtors’ obligation?
    Did you know you were in danger of defaulting at the time they booked you ‘Dano’?

    Now you’ve defaulted due to hardships and they won’t settle with you – the Servicer does not have too they can say no if the real borrower says yes!! And that is exactly what happens during HAMP the real borrower says YES, the real lender not notified! Why? If the real lender were notified and not happy with the real borrower selling title to you in exchange for investment products – they could accelerate title. Wonder why they are not doing that? Could they be the benefactors of the investments?
    Now what?

    Now that you know you sold your investments and remained trustor and they don’t book the sale until default so they can claim you abandoned the investments – abandoned your trust e-states!

    Wake up little Suzy wake up!

    Did you know you could have sat with an institutional broker who could have created a trust for you, who could have created an annunity to pay back the principal, reinvested the dividends to pay the taxes and acclerate the payoff and evetually those investments would have continued to reap rewards to your trust estate!

    Now they get to keep the investments, and property ! Now what?

    You have experined a Ponzi Scheme ‘Individual Variable Rider/Note/ ‘mortgage loan filp’

    The PURCHASER of you NOTE does not record those investments in the land records, why? Because they sold the title and the REMIC does not record the Assignment until you default that way they don’t have to put record or pay taxes.

    Yet on the transmittal Aurora Loan Services uses to create the CUSIP that S&P, Moody’s, D&P use to rate the pools, they clearly have your name, Account#, Amount and will purchase those obligations when you default not before, and when they purchase will be in a short sale settlement ordered by court and they are guaranteed the high price of the appraised value from years ago. Good deal if you can get it I suppose.

    When does the REMIC purchase your mortgage?
    The investors of the private pension funds, private municipal funds, private trust funds, money was used, so they don’t purchase the obligation until ….

    Be nice to Mr. Soliman who is kindly is explaining why the Assignment of Mortgage, Notice of Default, is filed the REMIC holds until default then records for the REMIC does not purchase the loan until the default occurs.

    Get out the financial dictionary Investopedia at minimum, Blacks Law dictionary and consider why you should find a group of like minded people who have been harmed and pool resources, find a real consumer advocate (oh you have Neils website) and soon hopefully we’ll have a consumer group natonwide we can join and once again be WINNING

    They can do it!
    Consumer Advocate Groups can do it!

  13. All the loans with “bad titles” were transferred to “any bank” N.A. They could not foreclose on these properties because of the “Title” (no more than you can sell). The A.G. settlement gives them the “mortgage” (right to claim title). If you are in default .. they get to forclose. If you did a refinance or loan mod and plan to keep your home…. Get Legal Representation!

  14. @Nancy Drewe

    “JOANN IS YOUR LEGAL TEAM REQUESTING A ‘JURY TRIAL’?”

    I have no legal team and have not filed a case. I am here to learn – that is it. It is probably way past time that I should have already done this. I am sick at heart and sick to my stomach and broke beyond belief having spent down assets to stay in a home I have invested time and money in. It was not smart to do that. Unfortunately now I do not have the option of paying for audits, experts or attorneys even if I understand the value of those things. I am not just being obstinate or cheap or critical of those services. I wish I could afford them. When information is shared freely I am very grateful. Any posts I ever make are only meant to try out my thinking on the experts or others who bumble along also trying to understand anything just like me. Perhaps it is all futile. It would be easier to just know nothing (and many parties would like homeowners to know nothing other than that they are delinquent end of story) and there really are issues even more urgent right now to attend to anyway. Some of the strongest cases though could right now come from people who are broke if attorneys could only find a way to get paid. Statatory penalties might be one way.

  15. You are so right Nancy! … I know this, because this is our problem.. And you all really Do need legal representation if you plan to keep your home and get back “Good Title”,… Your Right to Transfer(Sale) You can not Sell something you do not own. You must clear all liens before Sale to buyer. In my case .. that is 3 liens (3x the origional Principal). Get It? If not .. you need legal representation.

  16. @Nancy Drew

    Thanks for your postings – don’t always understand the full importance but understanding is growing. One thing about this site – people pretty much are able to say what they think or wonder about freely and then sift through the feedback as it occurrs. I enjoy Enraged posts also. Different strokes. I am glad he pushes back sometimes on whatever he questions and no one should take it personally I am sure. I just skip over the posts by anyone I don’t get in general and come back another day if something starts to make sense.

    You said:

    “libelous statement that can be used against you in a court of law”

    What would an example of this be? If a pro se or an attorney for that matter uses state statutes, federal regulations and UCC code ect. to the best of their ability as a Plaintiff (as in non-judicial) or a Defendant (as in judicial) are they somehow opening themselves up for “libelous” for instance with judges and opposing bankster attorneys who want to quickly dismiss cases and ignore homeowner claims? Seems like if you properly cite case precedent and existing law and perhaps don’t use the fraud word too often (there are statutory penalties for recording false documents in some states though and if you can prove there was full knowledge in advance of these recordings this is suspect that a fraud has occurred). Then again maybe it is a stronger presentation if you boldly call a fraud a fraud if that is how you see it.

  17. @Nancy Drewe

    But what can the average person like me who doesn’t have money for a lawyer or an “expert witness” do?

    We have to “let” the fraudsters steal our homes…

  18. Make sure you sign your name again to the next libelous statement that can be used against you in a court of law. I do not provide any law and I do not share but data facts if you had intelligence you too would investigate and become the expert you so wish to be

  19. ENRAGED DID YOU POP A BLOOD vesseL yet?
    Ain’t selling nothing!
    Ain’t sharing law!
    By the way where is your expert testimony?

  20. @Nancy Drewe

    I thank you for your posts, and the information you are sharing. We are all in this together and do what we can.

    I don’t mind the capitals (I feel like “yelling” the truth, too), and the misspellings—after all, nobody’s perfect!

    Fighting and finding fault with someone just trying to get the truth out seems to me to be wasted energy.

  21. Servicers Continue to Wrongfully Initiate Foreclosures: All Types of Loans Affected

    A February 2012 survey by the National Association of Consumer Advocates (NACA), the National Consumer Law Center (NCLC)
    and the National Association of Consumer Bankruptcy Attorneys (NACBA ) demonstrates that mortgage servicers continue to initiate foreclosure proceedings improperly….

    http://www.scribd.com/doc/82491127/Wrongful-Foreclosure-Survey

  22. @Nancy Drewe,

    Whatever. People lose their eyesight reading your insane prose. So far, I can’t remember one person who sad: “Jeez!!! That was so enlightening and true that I used it in my case and… I won!!!”

    In fact, people who got screwed into believing whatever you’re selling and losing track of the real issues, arguable and admissible in court, ended up losing their house. As far as “legacy” goes, leaves a lot to be desired…

  23. ‘Defect Of Record’
    A public record outlining any encumbrance on a piece of property, such as a lien, mortgage or easement. An encumbrance refers to a claim or restriction on a certain property that can prevent the transfer of the title.

    Because the defect of record is available to the public, potential homeowners should check to see if the property they are looking has any outstanding debt or legal claims on it. A homeowner may also want to view the defect of record to see if it is clear, especially if the homeowner wants to place the property on the market.

    GUESS WHAT?

    YOUR TITLE REPORT ONLY REVEALS PUBLIC LIENS IN LAND RECORDS READ AND WEAP THE ‘DISCLOSURE’

    HOW DO YOU GET THE REAL SCOOP?

    HOW DO THEY? YOU NEED TO JOIN A COOPERATIVE WHERE YOU DON’T STAND ALONE AND ARE PROTECTED FROM THE GREEDY BASTARDS

  24. Carue you have only part of story
    Real estate agent can handle real estate and needs ‘real estate lawywer’ to close with correspondent and broker of title in order to take possession of your valuable and precious ‘commodity’ promissory note – sales contract- broker of title exchange for ‘Deed’ a Deed ‘Lawyers Title Corporation aka ‘Commonwealth, Land America Old Republic etc. who bought your investments not your property and get your cash not your asset that asset safely and snug in a bug, and Aztec Cleaing Non-Judicial Short-Sales!!!!! and the ‘trustee’ the Regular Trustee’s “lawyer’s title” on the top!!!

  25. yOUR pERCEPTION oF yELLING aND sCREAMING NOT MINE

  26. @Nancy Drewe,

    What’s with the capitals? Haven’t we gone through that enough already? Talk about bullying: constant screaming like that is simply… mental and emotional abuse.

  27. @Nancy Drewe

    Exactly what I am in the middle of…a real estate agent bought my house through Aztec Foreclosure Mill, and the Trustee’s Deed says: “lawyer’s title” on the top!!!

    Isn’t that what you’re talking about?

  28. ENRAGED YOU ARE ENRAGED TAKE A ZANAX

  29. Apparently, no one on this site wants to look at the big picture…

    Massive bank resignations in the past couple of months, government resignations as well, the UK parliament investigating and, would you believe it? A massive transfer of wealth from the US to many different banks in the world since 2009, a scheme to sell worhless bonds (signed by Greenspan and Geithner…)

    Watch the video of Lord James of Blackheath’s presentation (with supporting documentation) to the UK parliament. Check the list of massive resignations and draw your own conclusions.

    I, for one, have always known that it was much, much bigger than Soliman and Nancy Drewes. That’s what allows me to keep very, very optimistic about the whole thing. The US may have acted “hush, hush” but that doesn’t fly in the face of the rest of the world… So, the people who need it will have their comeupance. Probably not here but it sure as heck is coming…

    http://www.veteranstoday.com/2012/02/21/intel-exclusive-trillion-dollar-terror-exposed/

  30. BULLY TOO ARE NAUGHTY NOT NICE

    JOANN IS YOUR LEGAL TEAM REQUESTING A ‘JURY TRIAL’?

    WAIT YOU DON’T HAVE A LEGAL TEAM? THEN HOW CAN YOU USE AN EXPERT WITNESS IN A LEGAL PROCEEDING?

    AFERALL, YOU ARE UP AGAINST A LEGAL TEAM WHO PROFIT FROM NAUGHTY ACTS THE BENEFICIARY, AND THE TRUSTEES, AND THE SUCCESSOR TRUSTEES, ALL UNDER AGREEMENT, COOPERATE AND TELL THE SAME STORY, DO LIE, CHEAT, STEAL, AND DO PUT YOU, YOUR FAMILY, YOUR SICK MOTHER AND FATHER, ON THE STREET WIHTOUT BLINKING AN EYE, AND DROP IN THE COLLECTION BASKING ON SUNDAY THEIR DONATIONS TO THE HOMELESS.

    ARE YOU WITH AN ‘THE EXPERT WITNESS’?

    DO YOU EVEN KNOW WHAT AN EXPERT WITNESS IS?

    AN INDEPENDENT THIRD PARTY WHO WORKS AS PART OF A TEAM WHO CAN WIN AGAINST THE GREEDY BASTARDS(tm)

    THEY CAN’T PRETEND ‘LIKE THEY DON’T UNDERSTAND WHEN YOU HAVE A SKIP TRACHER REVEAL WHOSE PAYING THEM MONTHLY STIPENDS!

    THEY ARE ABOVE THE LAW FLIPPING MORTGAG ELOANS TO THE RIGHT BECAUSE THER ARE NO LAWS STATING ITS A CRIME TO ‘TRANSFER’ VENDOR LIEN AND SUPEIOR TITLE TO ANOTHER LENDER. AND FRANKLY ITS NOT UNLAWFUL FOR YOU TO PAY A THIRD PARTY’S OBLIGATION. AND THE ONES WHO BLINK THEIR CAT EYES AT YOU AND SWEAR – THEY HAVE DONE NOTHING WRONG DO ‘UNDERSTAND’ SECURITIZATION AND GAAP? SO HOW ARE YOU GOING TO MOVE THE COURT WHEN YOU ARE PERCEIVED BY THE COURT TO HAVE BENEFITTED ? WHOSE ‘CASH’ DID YOU GET FROM THE CASH OUT MONEY LOAN? YOU DID NOT GET ANYTHING THAT YOU OWE OTHER THAN THAT, AS A MATTER OF FACT YOU HAD MORE STOLEN FROM YOU THAN THAT LITTLE AMOUNT, YOU HAD STOLEN FROM YOU THE ‘INVESTMENTS AND VARIABLE RIDER’ HOW YOU GONNA PROVE THAT? HOW ARE YOU GONNA MOVE THE COURT?

    NATIONWIDE REAL ESTATE ATTORNEYS SIT WITH LOTS OF CASH OFF-BALANCE SHEET! HOW MUCH OF THAT BELONGED TO YOUR INVESTMENTS? WHO HAS WRONGFULLY FORECLOSUED DOES ‘HARK’ BENEFIT! OTHERWISE WHY RISK FILING FALSIFIED DOCUMENTS WITH PUBLIC OFFICES AND COURTS OF EQUITY. AND EXPERT WITNESS COULD REVEAL CASE BY CASE AND READ THEIR PALMS IF YOU WILL OF GUILTY PLEASURES AND PRIVATE HOLDINGS IN THE SECOND SET OF BOOKS LOCATION OF EACH ‘TRUST ESTATES’ OFF-BALANCE SHEET CASH PROCEEDS.

    GAAP-ING HOLES OF MISSING LEGISLATION … LAWS AND REGULATIONS OVER SECONDARY MARKET … ONCE REGULATED WHAT FRONTIER WILL BE LEFT TO RAPE, PILLAGE, PLAUNDER, MARUDER?

    LAWS ARE MISSING
    PREDATORS THRIVE
    CONGRESSIONAL EXEPTIONS ALLOW PREDATORY LENDING
    AND LAUNDERING OF CASH

    INSTITUTIONAL BROKERS, DEALERS, DISTRIBUTORS, AGENTS ALL DO BUSINESS VIA CREDIT FROM MERCHANT BANKS WHO EXCHANGE AND TRASFER ASSETS IN EXCHANGE FOR VENDOR LIENS, SUPERIOR TITLES AND TAKING POSSESION OF PROPERTY OF OTHERS THROUGH DECEPTIVE ACTS.

    MERCHANT BANKS HAVE EVERYTHING TO DO WITH HARMING SECONDARY MARKET! NOW WHAT.

    EACH PRIVATE EXCHANGE OF TITLE BY MORTGAGE BROKERS AND THEIR SALE ESCROW ASSOCIATES’
    TRANSACTIONS HARM THE ECONOMY, THESE TRANSACTIONS ARE PART AND PARCEL OF AN UNREGULATED SECONDARY MARKET WHICH FACILITATES PONZI SCHEMA PROVIDING
    ‘MINI AND MAXI PADDING’ BLEEDING PUBLIC DRY

    SAID MINI AND MAXI PONZI SCHEMEA ENABLES STANDING CONGRESS TO ‘STAND BY YOUR MAN’ ….
    THE ONE WHO DOES NOT LOOK BACK AT THE THEFT OF PROPERTY THROUGH DECEPTIVE ACTS.

    WARRENT BUFFET FINANCED THE MESS – AND BY THE WAY EXEMPTED FROM SAME DOWNPAYMENT HE WITH ‘COMPETITIV E ADVANTAGE – AND HIS TECHNO GEEK – BILL GATES WHOSE TEAMS DEVELOPED THE TECHNOLOGY, QUANTITATIVE PENDING TILL TRUE, ARTIFICIAL INTELLIGENCE TO FIGURE OUT HOW STUPID PEOPLE WILL ASSIGN THEIR INVESTMENTS TO THIRD PARTIES IN EXCHAGNE FOR A DEED AND A DEED THAT DOES NOT BELONG TO THE PARTY WHO ASSIGNED IT! HUGE!

    WHEN BUFFET DISCLOSED DERIVATIVES ‘FINANCIAL WEAPON OF MASS DESTRUCTION’ PERCEPTIONS IT WAS HIS VERSION OF A CONFESSION FROM HIS LIPS TO GOD’S EARS’ I WARNED THEM? SO IS IT OK IF I PROFIT TOO FROM THEIR STUPIDITY? BILL GATES APPEASES HIS
    GUILT ‘NON-PROFIT’ GIVING MONEY TO BUSINESS ‘ONLY’ WHO WILL GET LOANS AND CREATE MORE OPPORTUNITIES FOR OWNERS OF ‘WARREN BUFFET AND BILL GATES’ TO MAKE MORE BILLIONS.

    MEANWHILE AS THEY ENJOY THE ‘HOME TEAM’ WHO PILLAGE, AND PLUNDER FAMILY, FRIENDS, NEIGHBORHOODS, STATES AND NATIONS, REALIZE THEY MUST BE VESTED IN WHAT’S COMING FOR WE APPEAR TO NO LONGER GOVERNED UNDER THE FORMAT OF A FEDERAL REPUBLIC –
    WE ARE WITHOUT AN INDEPENDENT JUDICIARY UNDER ARTICLE III, FOR CONGRESS WITHHOLDS LAWS AND OFFERS CIVIL REMEDY. COURTS WILL NOTIFY LENDER TO ACCELERATE TITLE.

    THERE ARE SO MANY ‘EXCEPTIONS’ THAT CAN RESULT IN ANY CONSUMER WHO POSSESSES FANTASTIC CASE TO LOSE DUE TO THE EXCEPTIONS BURIED IN LEGISLATIONS, FEDERAL REGISTERS, AND WHY WE WEARE ‘L’ ON OUR FOREHEADS! WE ARE LOSING DUE TO LACK OF INTELLIGENCE.

    DOUBLE SPEAK – LOOPHOLES – WHICH ARE Exemptions
    EVERY LAW CONGRESS CREATES WHICH APPEARS TO ‘PROTECT CONSUMERS’ …
    CONGRESS IMMEDIATELY FOLLOWS WITH EXCEPTIONS TO ALLOW AND GIVE TO LOBBYISTS WHAT THEY WANT. IN EXCHANGE NOW FOR BIG BUCKS!

    NO BODY IS PLAYING FAIR!

    CONGRESS PLAYING BOTH SIDES OF THE FENCES – APPEASING CONSTITUENTS’ AND ALLOWING UNCONSCIONABLE EGREGIOUS DECEPTIVE ACTS BEFALL CONSTITUTIENTS’ WHERE BY, COMMERCIAL ENTITIES OPERATING UNDER ‘UMBRELLA’ OF ‘FINANCIAL HOLDING COMPANIES’ ALLOW THIRD PARTIES TO TAKE POSSESSION OF PROPERTY THROUGH DECEPTIVE ACTS AND NOW ALL ARE UNSAFE IN LIFE AND PROPERTY SUBJECTED TO UNFAIR SEIZURE OF ASSETS AND FOR THE MAJORITY – WHO DON’T HAVE GREAT ASSOCIATIONS LIKE WE DO – SUFFER! DAMAGES OF THESE ORGANIZED, CONTROLLED, ACTS OF COOPERATION’S, CONCEALMENT, COLLUSION, THROUGH WHICH 1% OWN OUR ‘E-STATE!

    ‘VALUABLE TRADENAMES’ ADVERTISING AND ‘SPIN’ TO PUBLIC

    AND THE GOVERNMENT AGENCIES BENEFIT FROM THE SPIN. THE GOVERNMENT AGENCIES PROFIT FROM THE COMMERCIAL ENTITIES THEY ARE EMPLOYED TO MONITOR! THEIR ALLEGIANCE TO THE FINANCIAL HOLDING COMPANIES.

    FTC MAY NOT ADDRESS THE DECEPTIVE ADVERTISING, IN WRITING WITH ME THEY SHARED BETTER TO GET LOCAL LAWYER WHO UNDERSTANDS LOCAL LAWS.

    EVERY ACT OF DECEPTION, BLESSED BY OUR GOVERNMENT AGENCIES WHO PROFIT FROM SANCTIONS TO KEEP THEIR JOBS! WHILE OURS DISAPPEAR!

    THSE FALSIFIED STATEMENTS, MISREPRESENTATIONS AND ‘GOVERNMENT’ AGENCIES ARE EMPLOYED AND PAID BY ‘SANCTIONS’ FOR THE DECEPTIVE ACTS! GO FIGURE!

    GOVERNMENT WITH ITS OWN PONZI SCHEME – COULD BE INTERPRETED AS ‘PAYOFFS’

    GOVERNMENT HUD FOR EXAPLE, CLAIM YOU ARE SAFE DOING BUSINESS WITH SERVICERS!

    GOVERNMENT CLAIMS WE ARE SAFE DOING BUSINESS WITH ‘RETAIL’ BRAND LABEL COMMERCIAL BANKS’ FINANCE COMPANIES, AND THEIR CORRESPONDENTS, THESE COMMERCIAL GLOBAL BANKS OWNING THE ASSETS AND WE OWNING THE OBLIGATIONS – CONFLICT OF INTEREST HERE ANYONE?

    ONLY WITH BLESSINGS OF ‘CONGRESS’ AND PRESIDENT AND EACH STATE ASSEMBLY, EACH GOVERNOR … COULD SUCH deceptive acts BE PERPETRATED UPON THE MASSES THE 99% OF US! HARMED OUR DREAMS STOLEN, OUR INDEPENDENCE, OUR RIGHT TO DUE PROCESS, FOR RETAIL SALES IN UNREGULATED SECONDARY MARKET LEAVE ALL SUBJECT TO ANYONE AND I MEAN ANYONE CLAIMING YOU ARE IN TECHNICAL DEFAULT WITH SOMEBODY AND I WILL TAKE YOUR PROPERTY TO SATISFY MY DELIGHT!

    WHAT IS THE SECONDARY MARKET?

    ITS AN UNREGULATED INVESTMENT MARKET OF RETAIL PRODUCTS SOLD BY SALES PEOPLE WHO SELL ESCROW AND FURTHER WHO ARE NOT CERTIFIED OR LICENSED TO SELL AND NEED A PARTNER IN CRIME – WAIT – I STAND CORRECTED – ITS NOT A CRIME TO SELL A DEED OF A THIRD PARTY IN EXCHANGE FOR A ‘SALES CONTRACT’ WHERE CONSUMER WILLINGING SIGNS A PROMISSORY NOTE, PLEDGING TO PAY OBLIGATION TO THIRD PARTY FOR ANYONE CAN PAY A BILL OF A THIRD PARTY THAT’S LEGAL, AND IN THE EVENT THE REAL ‘LENDER’ WITH THE ASSET IN THEIR PORTFOLIO COMPLAINS CAN UNDER CIVIL REMEDY ACCELERATE TITLE.

    THE ASSET MANAGERS PARTNER WITH REAL ESTATE LAWYERS WHO ARE CERTIFIED TO BROKER TITLES, SECURITIES, INSURANCE, FOR THIRD PARTY TRUSTEES IN THE SECONDARY MARKET – BECAUSE CONGRESS SAYS SO – WAIT CONGRESS DOES NOT ENFORCE LAWS – PRESIDENT AND ATTORNEY GENERAL ENFORCE LAWS IF A CRIME HAS BEEN COMMITTED – WITHOUT LAWS STATING OTHERWISE NO LAWS BROKEN!

  31. @msoliman

    So when my “servicer” says (in writing) that he is “collecting payment on behalf of the trustee” and “since we were the duly authorized servicer acting on behalf of the securitization, we were able to proceed with the foreclosure…”—about how many lies are in those statements? And what’s a person to do if the servicers get away with lying all day long—and when you fight back and try to get the to truth—they “dismiss” you and simply say: “We’re sorry you disagree with us…”—and then sell your house…

    The average homeowner seeking justice cannot afford an attorney—hell, we’re lucky if we can pay for food and utilities…not to mention gas…

    The bastards are winning.

  32. @Nancy Drewes…

    Sybil, is that you? Yep! Two peas in a pod…

  33. ENRAGED LEAVE MR. SOLIMAN ALONE YOU ARE SUCH A BULLY

  34. WHICH NEIGHBOR’S ARE ‘NAUGHTY’ & NOT NICE?

    THE RESL ESTATE LAWYERS, REAL ESTATE BROKERS, WHO FOR OVER 15 YEARS NOW SELL ‘LOANS’ TO UNSUSPECTING CONSUMERS FOR INVESTMENTS, ANNUNITIES, THEY BENEFIT FROM. THESE ‘NEIGHBORS’ SIT UPON SCHOOL BOARDS, TOWNSHIP & PLANNING, MUNICIPALITIES, ASSEMLYMEN AND WOMAN WHO ARE PAID FOR GOVERNMENT POSITONS AND WORK ONLY ‘PART-TIME’ ABLE TO WORK FOR TITLE, MORTGAGE, FINANCIAL COMPANIES, FOR EXAMPLE.

    THERE ARE THE ‘HAVES’ AND HAVE/NOTES.

    THE ‘HAVES’ KNOW BECAUSE THEY CONCEAL THE TRUTH IN ORDER TO GET THEIR MONTHLY DIVIDENDS, AND REINVEMENTS OF THOSE DIVIDENDS. PRETTY SICK – THEY CAN PAY THEIR MORTGAGES AT YOUR EXPENSE!

    REGULAR TRUSTEE’S CONTROL ALL FORECLOSURE ‘SETTLEMENTS’ DURING ‘AUCTIONS’ WHERE FOLLOWING ORDERS EXECUTED BY THE JUDGE, WHO IS A FLIPPING ‘REAL ESTATE ATTORNEY’, ASSOCIATE JUDGIES, COUNTY RECORDS – ACCESSORS, ORDERING EXECUTION OF ‘SALES- SHORT SALE’ MANY WHO ARE PURCHASING YOUR ABANDONED ‘E-STATES’.

    VENDOR LIEN, SUPERIOR TITLE, UNKNOWN CREDITOR’S.
    ALL WITH RIGHT TO TRANSFER – MEANS THE REAL OWNER HASD THE RIGHT TO TRANSFER FIRST ! WHO IS THAT MASKED MAND/WOMAN WITH right to transfer?

    Any of the ‘pretend’ or ‘real lender’ may accelerate title and resell the mortgaged or collateral property of their correspondents and brokers who failed to meet their obligations of a loan contract with their creditor. This means you, not just one struggling. You paying your loan does not mean you own your property funny thing happened on the way to purchasing property, the existing obligations became commodities in secondary market! When you agree to move into a property, you agree to allow third parties to benefit from the ‘entitlements’, and ‘encumbranes’, and liens and restrictions.

    RESIDENTS ‘COLLECTIVELY CAN BE SMARTER THAN THE AVERAGE BULL/BEAR, BUT ONLY IF YOU USE YOUR GOD GIVEN BRAIN, GIFTS AND REMEMBER… GOD DID NOT SAY ‘TRUST’ YOUR NEIGHBOR LIKE YOURSELF! HE SAID LOVE YOUR NEIGHBOR AS YOU LOVE YOURSELF.

    TREASURY STAMPS DOLLARS REPRESENTING DEBT BELEIVE THAT BY FAIGH ‘IN GOD WE TRUST’ WHAT? THAT IN GOD WE TRUST WE CAN PRINT MORE DOLLARS? YOU DID NOT GET MONEY TO PURCHASE A LOAN, YOU GOT TITLE TO AN INVESTMENT PRODUCT ‘AN’ INDIVIDUAL VARIABLE RIDER/NOTE IN WHICH THIRD PARTIES SWAPPED THEIR DEBT FOR YOUR INVESTMENT!

    SAD FACT OF THE MATTER IS THAT YOU CAN’T TRUST YOUR NEIGHBORS. I MEAN THE ONES WHO ARE REAL ESTATE LAWYERS, TITLE AGENTS, BROKERS OF TITLE, FINANCIAL BROKERS, REAL ESTATE BROKERS, INVESTMENT/INSURANCE BROKERS OF ESCROW, THEY ARE TAUGHT HOW TO GET ONTO THE SCHOOL BOARDS, MUNICIPAL BOARDS AND COMMITTEES, LOBBYISTS, CHURCH BOARDS CLOSE TO THE MONEY HONEY ALL SITTING NEXT TO YOU IN CHURCH, AT THE SCHOOL PLAYS, SCHOOL BOARD MEETINGS, YOU KNOW MANY OF THESE PEOPLE WHO HOLD THE EVIDENCE INSIDE INDIVIDUAL FILE FOLDERS FOR ‘EVERY MORTGAGE LOAN’ EVERY ISSUED SINCE 1989! LET’S PICK THE PERIOD WHEN CONGRESS AND PRESIDENT APPROVED CONCEALING SALES OF PROPERTY IN SECONDARY MARKETS WERE GOING TO PRODUCE INCOME FOR OBLIGATIONS OF TREASURY. THE FEES ON HUD1’S NATIONWIDE! SHOULD BE TAXES WE CAN WRITE OFF WHO WILL CREATE A BILL FOR DISCLOSURE OF THE FEES THAT ARE TAX DEDUCTIBLE IN WHCIH PUBLIC FUNDS ARE GIVEN TO PRIVATE COMPANIES FOR TECHNOLOGY TRANSACTIONS CONGRESS AFFIXED TO REAL ESTATE LIKE GASOLINE TAXES!

    YOUR NEIGHBORS ARE ALL OF THESE AND MORE:
    STOREFRONT ESCROW BROKERS CLAIMING TO SELL REAL ESTATE WHO PARTNER WITH INDIVIDUAL BROKERS OF INSURANCE AND INVESTMENTS AND SELL ‘LOANS’ AS ‘MORTGAGES’ IN EXCHANGE FOR ‘DEEDS’

    REAL ESTATE LAWYERS, USING ‘NATIONWIDE’ VALUATION TEAMS’ INDIVIDUAL BUSINESSES’ TITLE AGENTS, APPRAISERS’, INSURANCE AGENTS/BROKERS; HOME IMPROVEMENT CONTRACTORS’ WHO BRING THE BACON HOME TO UNDERWRITERS, BROKERS, DEALERS, AGENTS, DISTRIBUTORS.

    LEGISLATURE FEDERAL AND STATE, EMPLOYEES OF GOVERNMENT AGENCIES, FDIC, HUD, FHA, FREDDIE, FANNIE, MORTGAGE BANKERS ASSOCAITION, MR. DAVIS ANYONE?
    ITS A ‘HUGE LONG LIST’ AND ALL OF THEIR NAMES ON THE LIST ARE NAUGHTY NOT NICE!

  35. and the truth shall set you free, i believe give them enough rope and theyll hang themselves, eventrually, its the law of truth…
    which is inextricably (is that a word) tied to karma

  36. @Joann,

    Exactly my feeling. It helps to have one but no one ever said we had to use proxies to take action or live our life… And if anything, all those of us who’ve decided to take on certain fights without, whatever our reasons (can’t find a willing one, can’t find a good one, don’t have the money, etc.) will come out of it much, much smarter, wiser and aware. May not always win the battle but the fact that we took action made a serious dent into the war.

    I, for one, know that I will never, ever put myself into any kind of transaction requiring that I sign off on 3″ of illegible contract. Know why? If anyone doesn’t trust me enough to live up to my end of the bargain without first signing away my life, my peace of mind, my first born and my future, it’s probably someone I don’t want to deal with (who’s already devised in his mind all the ways he/she could be screwed… because that’s what he/she would do. It’s called “projection”…) and the price of whatever that someone tries to sell me is way, way too high!!!

  37. @Soliman,

    ???

    Are you writing in code or something…?

  38. @m.soliman

    “Only an attorney can represent you in a court of law”

    A person has a right to due process of law even if they cannot afford an attorney. It is true there is little chance of receiving this for a pro se foreclosure defense and in some non-judicial counties in some states there can be actually 0 attorneys willing to take on foreclosure defense for any price. In these counties attorneys have been very willing to work for the banks or with banks in the guise of helping the homeowners who can pay them. What would be the advice for someone who cannot afford an attorney? Should they do nothing and passively allow a foreclosure to proceed? Or should they attempt to get educated any way they can (and hopefully experts will point out where they are wrong or right in their thinking) and at least make an attempt to represent themselves in a court of law? It will at least be of record that they tried even if all is lost – even if it is futile to try.

  39. […] Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud Tagged: 60 minutes, affidavits • attesting • Daniel Edstrom • DTC-Systems • fabricating • false information • false sworn documents • foreclose • illicit business practices • improper statements • imp, AHMSI, appraisal fraud, attorney general, auction fraud, Chris Koster, credit bids, DocX Indictment, foreclosure fraud, FORECLOSURE SETTLEMENT, foreclosures, forgery, housing market, housing prices, investors, linda green, LPS, Missouri, mortgage fruad, mortgages, Robo-Signing, settlement, strategic default, Wells Fargo Livinglies’s Weblog […]

  40. Bof A borrowed $5 billion from warren buffet who HATES this mortgage backed securtization sham. Why…well great minds think a like – go read it.

    Bof A can no more pay a $8 billion number than is the outside chance we going to see a new currency issued here shortly ….ahhhhh Obama Bucks!

    Now I get it! Synthetic inflation – Wall Street Fools!

    My name is Jo Lisa ….How does he know ?
    I got to have the source – how does he know? …
    I read the huffington Post …and the Ripp off Diaries

    How can he know ?

    Hey – to all my attorney friends in Arizona – how goes the win category ?

    MSoliman
    expert.witness@live.com

  41. LIVING IN LIES READER – When it comes to “putbacks” by investors….how can you put back something you never acquired –

    Friends and internet terrorists operating out of the phillipines…(we got your number )

    Its late, late in the game to phish for clues and concepts . . .People are further away form the facts than I have ever seen before.

    Am I right ? Look at all the resurgence in ripp off harrassment from whom else…your local law firms and brokers representing lenders.

    Everything in a MBS is reversed and that’s problem one. A put back is a short and opposed to going long on a equity .

    Therefore in a MBS the put is long and call is short .As Bob the Bulilder says – how how does he know….?

    Interest accrues in arrears and is added to the Principal in a default. The accrued amount is added to the PB (see ASC 320 ) going against the parties investment while increasing the asset base for the defaulted mortgage – caught betwen a rock and a hardplace here servicers….(stop him please – dont let anyone save a home – call him a fraud )

    My michief makers from property takers ….

    The mortgage was not convereted to stock – nice try. The notion of MersCorp as Nominee has standing – don’t fight Dany E …and the 25% voting rights (Im laughing my ___ off) …that your skinin the game.

    Indy Mac Bank transfers Indy Mac loans to Indy Mac or JV Lehman Bros . sponsorship …

    How – who goofed …who ? Its called de-recongntion Bubba. FAS 140 – 3 under FASB putrid capitulation and whimppy minium restaint.

    The best, best way to lose a home is to bring in a Poolin and servents agrement which …that ….will…cause the court to accept the servicers role in a bonefide transfer and sale.

    THERE IS NO SERVICING IN A MORTGAGE BACKED REGISTRATION- GET IT .

    m.soliman
    expert.witness@live.com

    No Pro per or pro se testimony – only by engagement with an attorney. (watch the rip offs come out here folks – watch )

    Only an attorney can represent you in a court of law

  42. Joann.

    good points that is why if u read about the FHFA/Fannie complaint they are suing DBank etc not to put back loans per the PSA/Fannie agreement/ reps and warranties of loans but via securities violations or misrepresentations of such. Supposedly easier the 2nd route. I don’t know.

    but yea i get it. Maybe they should just sue to say hey give me 100% money back bec the loans were never assigned into the trust.

    i dunno. they have to be carefull what they say too.

  43. When it comes to “putbacks” by investors….how can you put back something you never acquired – as in “ownership” of the asset – the real property “mortgage” as in mortgage backed security – asset backed security. Seems like they need to take issue with missiing assignments of real property and missing endorsements of notes and the missing documents altogether that their trustee was supposed to maintain in “recordable form”.

    What about payments received, or defaut insurance received or tax writeoffs received ect? What about empty tranches? Mortgages shuffled off to Buffalo? Mortgages that never were funded. Sold many times over? Also if the mortgage has been changed into a stock governed by the SEC ect. how can it be put back as a mortgage now? How can you put back anything to a bankrupt or defunct originator?

    If putbacks are successful, just wondering, does that now empower the servicer-collector to “legitimately” foreclose in its own name? How much does the homeowner owe to who at the end of the game? If the real deal never occurred the sham was on the homeowner too.

  44. Mandelman put it exactly right:

    “AN INCREDIBLY DETAILED SMOKESCREEN”

    That goes for every single letter/email I got from my servicer in response to all my questions regarding OWNERSHIP…

    Insult to injury is added DAILY by these BASTARDS.

  45. I am wondering if the guy mandelman talked to has given this information to other people. I am also wondering if this person is still following the instructions not to dig too deep and is letting the scam continue which victimizes the homeowner even more.

  46. @Carie,

    The podcast on Mandelman is from a seasonal employee hired through a temp agency (precarious employment…) who described the new and improved notary sham, the orders of NOT digging too deep and of NOT finding anything wrong with the foreclosure as it was carried out. That guy is currently working there and contacted Mandelman because he was horrified.

    A must hear.

  47. @Enraged

    I knew it was a sham the day I got it in the mail and read the line where it said I had to verify that I am “the borrower”…HELL no…

  48. Off topic but still very enlightening…

    For those of you who have been asking whether to submit their foreclosure file to OCC, here is the answer.

    DON’T!!!

    http://mandelman.ml-implode.com/2012/02/insider-says-wells-fargos-independent-foreclosure-review-for-occ-is-a-sham/

  49. hman.

    That’s the $64K question.

    I am keeping open minded between the two camps here one being end investors and the other being default collection unsecured.

    However, to your question…..

    1. If it is a put back from trust/bondholders/investors then the loan goes back to the originator or ABC in the chain. Supposed to pay 100 cents on the dollar. They then have to collect on it.

    2. If it is a securities/damages claim like the FHFA/Fannie Mae/Freddie are doing well then I don’t know???!!!!?? To me that gets super messy bec Fannie claims to be owed X amount via trust on X loan in several trusts yet it is suing for securities violations (not a putback). Seems to me they can’t collect on full value of the loan and then on top of that securities damages. Only prob for us is you have to find out if your loan is within one of the trusts that FHFA is suing over. I don’t think mine is but i would love to tell a judge…”judge we can’t determine the damages/debt due to my creditor FHFA because they suing for damages in another court for $15 billion and won’t tell me which trust my loan is in!! It could be in one of those trusts!!!”.

    But I am thinking that there is value in these investor lawsuits just to say we need discovery to SEE if the same entity suing us is getting relief from other sources (Neil’s whole argument).

    By the same token of DB Trust xyz for benefit of investors etc is suing me yet has settled X amount for same investors in different suit then yeah how does that reduce the amount owed by the borrower????

  50. So if we were to assume for a moment that the bondholders were the undisclosed lenders. Which I know many of you disagree with including myself.

    What happens if they get a settlement in their favor. If your loan is in one of the trusts that get to a settlement who becomes the owner? or is the debt forgiven? reduced?

  51. I will glady send my file to Gibbs et al regarding Double Dutch Bank origination.

    My only request would be why not have the same lawyers contact us borrowers directly and cut out the middle man? Gibbs can ask for a cut and make another $85 million in fees.

    Has to be money in resolving a real negotiation with the borrowers thus benefiting their bond investor clients.

  52. Wow! Wish I could afford Gibbs and Bruns ! Kudos to them!

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