Tonight! Act NOW to prepare for TIDAL WAVE of foreclosure and eviction. The early bird captures the worm! 3pm PST 6PM EST

THIS IS REALLY SIMPLE: WHO DO YOU WANT OPERATING ON YOUR BRAIN? IS IT SOMEONE WHO IS THINKING OF GOING TO MEDICAL SCHOOL OR SOMEONE WITH A MEDICAL DEGREE, INTERNSHIP, RESIDENCY AND 10 YEARS OF EXPERIENCE? 

Thursdays LIVE! Click into the WEST COAST Neil Garfield Show

with Charles Marshall and Bill Paatalo

Or call in at (347) 850-1260, 3PM PST 6pm EST

Every Thursday

 

Host Charles Marshall returns with Bill Paatalo to discuss among other matters how the Federal CARE Act will expire at the end of this year. It protected millions of mortgage loans from imminent foreclosure due to COVID-19 hardships, with an admittedly band-aid approach of what amounts to a forbearance. That all ends in weeks and millions of the loans so protected are expected to go into active foreclosure with the back payments not being paid, and the current payments not affordable either, due to the continued sluggishness of much of the economy.

To fight this, homeowners will need to revisit and clarify strategies to defend their homes, and legally attack those who would foreclose on them. Essential approaches will be

1. facts to look for in your homeowner situation;

2. pleading a defense or going on offense with a plaintiff’s lawsuit;

3. discovery options;

4. motion practice.

So to bring this fight homeowners will need to how, where, and when certain burdens of proof of apply–Bk court vs. civil court for example. Then the most relevant facts to a given case should be alleged which are provable, or which it can be shown the other side can’t prove. In many cases, discovery can be used to expose the inability or unwillingness of the opposition to answer simple questions about the ownership and status of the loan account.

Bill Paatalo will first discuss how in New Jersey securitized mortgage ‘trusts’ are for all the wrong reasons avoiding taxes by declaring that they are not in fact trusts.

EDITOR’S WARNING: While a few people are correctly reading the writing on the wall, most homeowners who are or will shortly be facing foreclosure or eviction are trying to “wait it out.”

This is a dangerous mistake and a foolish risk to take with your largest asset.

When the time comes for aggressive defensive strategies, those who waited and didn’t prepare will be steamrolled the same way tens of millions were steamrolled in 2004-2012. Start the process of investigation, reporting, and analysis now. Prepare your strategy in advance. Become one of the winners.

One Response

  1. Neil made an excellent point – which I advanced several years ago – with total ignorance from all authorities – particularly IRS.

    And this is very seriously disturbing to see this cover up from Courts and all Government authorities for the biggest crimes ever existed.

    So, IRS would be chasing an average person for non-payment of $1,000 taxes – but completely ignores non-payments of hundreds of millions taxes which are long overdue by NON-EXISTING REMIC Trusts which are obligated under the LAW to pay STATE taxes where they are suppose to be incorporated – IF the law existed for Big Banks

    A real estate mortgage investment conduit (REMIC) is a special purpose vehicle (SPV) that is used to pool mortgage loans and issue mortgage-backed securities (MBS).

    A real estate mortgage investment conduit (REMIC) may be organized as a partnership, a trust, a corporation, or an association and is exempt from federal taxes.

    STATE taxes are still must be paid – IF these fake Trusts ever existed.

    Try to submit FOIA request to IRS and see if ANY REMIC Trust ever paid a cent in your State.

    And ask your politicians if these REMICs ever paid any State taxes – or property transfer taxes after foreclosures to non-existing “Board of Directors” ofd this fake Trusts – before they raise yours.

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