YAY! Apparently I hit a nerve. Lots of flack coming my way!

There is an old saying that when you start getting lots of flack, you know you are close to the target. It is confirmation. Lately the old attacks on me have been renewed with vigor!

In all cases involving false claims of securitization of debt, the claims are  totally false with no redeeming explanation.

Trying to kill the messenger will not kill the message. Everyone knows they were screwed by the investment banks. I only explain how it was done.

I have been saying the same thing for 14 years but I keep changing the way I say it so that people will understand that no loan has been securitized. No “securitized” debt has been purchased and any “Successor” to MERS or anyone else is a successor to nothing. The debt was eliminated by the securitization process used by the investment bank.

There is not a single person, company or business entity that has any books and/or records that shows or reports any ownership of any debt, note or mortgage of any homeowner. Foreclosures are a pure profit scheme. No part of foreclosure proceeds go to anyone who has been harmed by “nonpayment” from a homeowner.

So addressing the current attacks from recent days:

  1. Attached is my resume for the attacks claiming I am a “so-called expert.” I am an expert with direct, personal and detailed knowledge of investment banking particularly as it relates to layering of securities elements of tangible and intangible assets. RESUME NFG 2020 version
  2. As for being a “so-called lawyer” I am a member of the Florida and Federal Bar in good standing. Look it up at https://www.floridabar.org/directories/find-mbr/
  3. I have repeatedly won cases for homeowners as sole attorney, co-counsel, consulting counsel and expert witness and never been contradicted by any sworn statement of anyone, much less someone with knowledge of the false claims of securitization of debt. Nobody with knowledge has ever written an article contradicting me. But it is true that some judges have expressed their displeasure with me — but not the ones who wrote lengthy opinions and factual conclusions in which they entered final  judgment exactly as I asked. 
  4. As for having theories and not evidence, I propose not theories but methods that have proven effective in most cases where my instructions have been followed. So for example, it is axiomatic that no homeowner has the evidence to prove that the claim is scam precisely because it was concealed. But you can create admissible evidence. By asking the right discovery questions and enforcing discovery to the point where you get an order compelling answers and responses — and then asking for and getting sanctions when they still don’t respond — you have an inference that completely ruins their case that is based upon legal presumption arising from what appears to be facially valid documents (but which we all know are fabricated). That new inference IS evidence and it is precisely why many homeowners win when they persist.
  5. As a blogger I am in the company of anyone who wants to call themselves an expert. I can’t help it if I really am.

8 Responses

  1. John Reed, it may have been you or someone else that pointed out that the servicer is considered to be the “mortgagee”/Lender/”holder.” All authorities confirm this. So then why are foreclosures in the name of the trustee to a trust? There seems to be more than just servicing rights. Or are “debt collection” servicing rights for junk debt buyers that appear to be all that is left of the grand scheme?

    Neil tells us that there is no trustee or trust. We understand that. So where did the “debt” go, and why is the “Trust” “scheme” still intertwined in the foreclosures?

  2. Appears like America’s Wholesale Lender [Countrywide], same process. CEO’s Higher ups dump stock at maximum prices, and let the other stock holders take the hit…pump and dump the company, when things started heating up. Lost funding and investigation were launched, then cease and desist orders filed in multiple states. NCMC was moving assets with the reorganization attorneys prior to filing bankruptcy. FYI: BOA bought Countrywide servicing rights only …around $450.00 per loan in 2008, then assigned the notes and started foreclosing on everything-everyone. Ocwen too has been buying up servicing rights for a minute…very lucrative business.

  3. Yeah – but WHY Poppy? How did it happen?

    John – I guess I am the “moody blues.” That’s okay — some call me “Eeyore.” That’s okay too. Can’t help what I know. Yes – should have been an investigation. It did not happen.

  4. To my earlier point about warehouse funding, in the case of New Century [NCMC] the warehouse funding was NEVER used to fund any loans…claims to many of the players I mentioned were paid to them in the Delaware Bankruptcy Court and NCMC stole the money, used for other than funding loans. Loans were being given to people who did not own them as collateral for the debt New Century owed, “not us”…

  5. I really think the only real thing missing is the realization that everything the happened and that led up to was a criminal enterprise. We should have had a Pecora style investigation… with the proper criminal indictments years ago.

  6. IMO the originators were the ruse….with warehouse lenders. My thinking is, the players funding all the money, Wells, BOA, Credit Suisse, et al…the list is long and not so distinguished. These SEC filings were false and ratings were skewed to make it look like something it never was. Notes were not sold and put into a trust…serious, honest discovery would yield that information to the world.

  7. Always a fun place to be. “Inner Man: there ya go man, keep as cool as you can. Face piles and piles of trials with smiles… it riles them to believe that you perceive the web they weave… and keep on thinking free” Moody Blues.

  8. Neil is someone we must all be grateful to. He has kept the arguments alive. He has joined people together to give the dignity that courts and government have denied. He has given a voice when all others took that voice away.

    No matter how many ways Neil can say it — we all get that the PLMBS securitization scheme was/is a scam. We know this because documents don’t makes sense. “Debt collection” from the onset does not make sense. Nothing makes sense.

    There is only one question that also relates to prior post to this one — that is — how did this really happen? We know that certain people like Greenspan trusted the “free market” but if a particular ‘market’ is fraudulent — how was it started? Where did this ‘claimed’ PLMBS ‘debt” really come from? May sound odd, but the schemers felt there was justification in what they did. In fact, there were government directives that the perpetrators believed they were following (of course to follow it meant needed fraud). Once we uncover that ‘nerve’ – it will show the fraud and no justification. Ultimately, this caused the shut down of the PLMBS. Unfortunately, at least 40% remain trapped in “La La Land” or already lost their homes. That is a huge voting population if we can focus.

    If I were to conjure up a scheme — I need a starting point. I need to know where I can get the “goods” from, and where to put out the ‘bait.’ This is the one thing that is missing. I have feeling that many know Neil is coming close to that “missing” piece – and that “nerve” is now very inflamed. .

    Many thanks to Neil and we all need to support forward. It cannot be just about “Me.” We have to join together and support. It is critical.

    On a personal note (sorry) — kids in NY now coming in and going on ventilators. Not from the virus — from possible toxicity. Lets be careful how we “bleach” and disinfect for this virus. We must also be careful that those who direct elders to stay home until a vaccine is discovered are not forcing early retirement., Unacceptable. Thank you.

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