Special Guide - How to Stop Foreclosure and Save Your Home
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Transcript of Special Guide - How to Stop Foreclosure and Save Your Home
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Private&Confidential
How to Stop Foreclosure and Save Your Home
SpecialReport
PeaceofMind,LLCwww.MyDebtRelease.com
8664-Way-Outor866-492-9688
TRUST|ASSET|PROTECTION
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WHOWEARE..............................................................................................................................................................3
OURMISSIONSTATEMENT..............................................................................................................................................3
OURHISTORY...............................................................................................................................................................3
WHYRELEASETHEMORTGAGEONYOURHOME?...............................................................................................................3
HOWBANKSCREATEMONEY..........................................................................................................................................4
WHATISALOANAGREEMENT?........................................................................................................................................4
HOWDOYOUSATISFYTHEMORTGAGE?...........................................................................................................................5
WHATCONSTITUTESFRAUDINLENDING............................................................................................................................6
IMPORTANTLEGALFACTS................................................................................................................................................6
WHOREALLYOWNSYOURMORTGAGE?...........................................................................................................................7
FEDERALLEGISLATION:TILAANDRESPA..........................................................................................................................7
RESCISSION..................................................................................................................................................................8
BANKSMUSTPRODUCETHEORIGINALNOTE......................................................................................................................9
WHATTOEXPECTWHENYOURESCINDALOAN?..............................................................................................................10
WHOCANHELPYOU?................................................................................................................................................. 11
NEGATIVEEFFECTSOFFORECLOSURE.............................................................................................................................. 11PROCESSESWEPROVIDE..............................................................................................................................................12
WHATGETSRECORDEDANDLEGALDOCUMENTSWEUSE..................................................................................................15
SCAMSANDALERTS.....................................................................................................................................................21
FREQUENTLYASKEDQUESTIONS.....................................................................................................................................22
WHYLOANMODIFICATIONISNOTINYOURFAVOR...........................................................................................................31
SERVICINGOFTHELOAN...............................................................................................................................................32
SUPPORTINGORGANIZATIONS........................................................................................................................................35
BENEFITSOFOURPROGRAM:................................................................................................................................. 35
WHENCANIBEGIN?...................................................................................................................................................36
DISCLAIMER&DISCLOSURES.........................................................................................................................................36
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WhoWeAre
At Peace of Mind LLC, we believe the following things are true...
1. Peoplewillalwaysneedtousecredit2. Theaveragedebtorisunawareofthefullextentoftheiroptionswhenfacedwithdebtcollectors
3. Debtcollectorsfrequentlytakeadvantageofthedebtorslackofknowledgeinsteadofhelpingthemtosettlethedebtfairly
Everybodys circumstances are different. Thats why we begin with a comprehensive discussionto learn exactly how we can help you pay off debt fast and repair your credit. We love to work
with good, honest, hardworking people like you who truly deserve freedom from debt.
Peace of Mind LLC is a protective entity for clients who need a leg up in debt relief. We are a
privately held company without affiliation to any government agencies, debt collection servicesor banks. We provide solutions for every individual client that will best serve them as they dealwith debt. While there are plenty of other financial institutions out there who would be willing to
give you debt advice, its best to deal with a debt specialist like Peace Of Mind LLC.
OurMissionStatement
We are a trusted and recognized resource for debt solutions, achieved by educating todays
consumers about their right to protect and preserve their assets against creditors and maintainfreedom from debt.
Peace of Mind LLC provides debt solutions including education, debt management plans, debt
reduction and elimination, and credit repair. Peace of Mind LLC helps consumers overburdenedwith debt avoid bankruptcy and get back on the path to financial security.
OurHistory
Peace of Mind, LLC was born out of the collective experience and intention of several
financial and legal experts to help educate and empower individuals to be free of debt.
WhyReleasetheMortgageonYourHome?
There isnoneed to let the banking industrytakeadvantageofyou anymore than theyalreadyhave.Thiseconomyisnotyourfault,therealestatemarketdown-turnisnotyourfault,and,moreimportantly, yourmortgageloanwaspaidinfullthedayyoutookitouttobuyyourhouse.
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Justthinkaboutitifyouareinornearforeclosure,despiteyourarrearages,yourlenderhasnotlostasinglepennyonyourpropertyoryourallegedloan.Theysolditalongtimeagoandriddedthemselvesofallliability.Iftheyforecloseonyou,they'llsimplysellitagainandmaketheirprofits.Then,aftertheyhaveyouandyourfamilyonthestreet,they'llturn
aroundandsueyouforadeficiencyjudgment.
Whetheryouwant financial freedomfrommonthlypaymentsorare looking topocketafewextradollarstomakeendsmeet,it doesnthurt tobe releasedfromyourmortgage.Buthowcanweaccomplishthis?Whatexactlydoesitmeantoreleaseyourmortgage?
Well,onemustfirstunderstandwhatmoneyisandhowmortgagesarecreated
HowBanksCreateMoney
Bankscreatemoneybydemandingdepositsorbookentriesthatreflecthowmuchlawfulmoneythebankowesitscustomers.ThebanksassetsarecashplusIOUsandpromissory
notesthattheborrowersignswhentheyborrowmoneyorwhencashislent.
Example:Ifabankhas10peopledeposit$5,000,totaling$50,000,incash(legalmoney)
andthebanksreserveis5%,thenthebankwilllend20timesthisamount,or$1,000,000
increditmoney.Whatthebankhasactuallydone,however,isloaneditscreditwiththe
purposeofcirculatingcreditasmoney.Thebankknowsifall20peoplecomeatonce
demandingtheirmoney,thebankwillcloseitsdoors.Thebankcreatestheillusionithas
lotsofmoneyorcreditsoitdoesntcauseapanic.ListentoRelatedAudioHere.
Notice:TheFederalReserveBankofChicagoinitsbookletModernMoneyMechanics,page3, states; In the United States neither paper currency [e.g. Federal Reserve Notes]nordeposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper,depositsmerelybookentries.Theacceptanceof saidcurrencyismerelyaconfidencegamepredicateduponthepeople'sfaithorconfidencethatthesecurrencies/instrumentscanbeexchangedandacceptedforgoodsandservices.
Individuals have been stopped from using and have no access to 'lawful constitutionalmoney of exchange' (See U.S. Constitution Art. I X) to 'PAY DEBTS AT LAW', andpursuanttoHJR-192,canonlydischargefines,fees,debts,andjudgments'dollarfordollar'viacommercialpaperoruponIndividualsexemption.
WhatisaLoanAgreement?
The bank advertises that it loansmoney. Then it says, Sign here, but they dont signbecause theyrenot loaning theirmoney. They are just collecting anotewhichacts likemoney.Inamortgagetransaction,thebankreceivestheequityofyourhomeforfree,inexchange for an unpaid bank liability that the bank cant pay without returning themortgagenote.Thebankreceivesyourmortgagenotewithoutinvestingonecent.Thenitsellsthenoteforcashoranassetthatcanbeconvertedtocash.
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Example:Apersonwantstoborrow$100,000topurchaseaproperty,sothebankissuesa$100,000liability/note.The$100,000isalienplacedonthepropertythebankreceivedwithoutinvestment(thebankneverputupanymoney).Theallegedborrowereffectivelycreatedmoney by signing the promissory note. This note acts likemoney, so the bank
depositsyourmortgagenoteasmoneywithwhichtoissueacheck.Thischeckthenactsliketherealmoneythehomeseller/builderreceives.
TheFraud:Thebankeffectivelymadeyouadepositor,notaborrower.Yourpromisetopaygavevaluetoanotethatthebanksellstoathirdpartytorealizelegalmoney.Noactualloanwasgeneratedfromthetransaction.Onecannotrepaywhatwasneverloanedinthefirstplace!
HowDoYouSatisfytheMortgage?
Underthelaw,aprocedureforsatisfyingyourmortgageisprovided.TheprocedureisfoundinUCCArticle3Section603paragraph(b).Wegotothelenderanddowhatis
calledatender.Weputthefullamountofyournoteonthetablewithademandtheyproducethenote.Whentheyfailtoproducethenote,anoperationoflawcalled"discharge"occurs.Thisisajudicialactionresultinginanorderofdischargeas
satisfactiononthemortgage,whichgetsrecorded.Thenanewtitleiscreatedforyourhome.
PeaceofMind,LLCpartnerswithclientstoprovidethedocumentsandprocess-of-servicestepsnecessarytoaccomplishyouragenda.Wejoint-venturewithyoutostreamlinetheprocessbyprovidingyouwithinformationyouneedanddoingthedocumentsforyou.
Weknowwhatworksandwhatdoesnot.Arealexampleis,underthelaw,youmustrecord
asatisfactionofmortgageonanexistingmortgage.Eventhoughthecompanycomingafteryounowisnotthenoteholderandyoucanrunthemoff,youwillhavetocontinuerunning
themoffuntiltherealnoteholdercomesforward.
SummaryofStepsInvolved:
Sendacopyofyourmortgagestatementtoseeifyouqualify Signpartnershipagreement Formulateastrategydependingonyoursituation Prepdocumentstosendtothelender SendTILADemandLettertolender RecordConfessionofJudgment RecordFullReconveyance Putassetintotrustforprotection FileUCC1/UCC3/Bonds FileformswiththeIRS Enforceliensonlender
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WhatConstitutesFraudinLending
Aphoto-copyimageonpaperisNOTthesamethingimagedbythecopy.ApictureofababyIS NOT THEBABY!A copy of your signature IS NOT YOUR SIGNATURE!Have you evertriedto cash a copy of a money order? Make a scene, insist on cashing the copy, andexperiencetheunpleasantconsequencesofyourclaim!
TheONLYwaytoprovetheexistenceoftheREALandEXISTINGmoneyorderistoproducetheactualmoneyorder!TheONLYwaytoprovetheexistenceoftheREAL,breathing,livingbaby is to produce the baby!The ONLY way to prove the existence of the REAL $100Federal Reserve note is toproduce the actual Federal Reserve note if you are inactualpossessionandhaveclaimtotheORIGINALFederalReservenote!
Thecourtsroutinelynullifywooden-headed"laws"passedbyCongress.AtPeaceofMind,LLCwehave the power tototally stop"their" scaretacticsbydemanding to inspect theORIGINALnoteandmortgage.InspectionoftheORIGINALnoteandmortgageisNOTan
unreasonable demand. A COPY is a COUNTERFEIT, FORGED, PHOTO-SHOPPED andFRAUDULENTimagedesignedtoDECEIVE!ALLlawisbaseduponCASELAWDECISIONmade by the COURTS. The U.S. Code is NOT the LAW. The LAW is recorded in theSTATUTES AT LARGE and this is the same for all States. The codes are "prima facie"evidenceofthelaws.Thus,aCOPYofasecurityisaFRAUD!
ImportantLegalFacts
The Uniform Commercial Code (UCC), first published in 1952, is one of a number ofuniformactsthathavebeenpromulgatedinconjunctionwitheffortstoharmonizethelawofsalesandothercommercialtransactionsinall50states..TheUCCprovidesauniform
law designedtosimplifyandmodernize the consumercredit and usury laws, to furtherconsumer understanding of the terms of credit transactions and to protect consumersagainstunfairpractices.
Any transaction todischargeadebt liability is inaccordanceandcompliancewith
UCC3-104;TitleIV,Sec401(FRA);USCTitle12;USCTitle28,1631,3002;andthe
ForeignSovereignImmunityActundernecessity.
EverythingsinceJune1933operatesincommerce.Whyisthisimportant?TheCongressofthe United States did legislate and provide the American people a remedy/means todischargealldebtsdollarfordollarviaHJR192duetothedeclaredBankruptcyoftheCorporate United States via the abolishment of constitutional coin and currency under
Executive Order declared by president Franklin Roosevelt. HJR-192 superseded PublicLaw,replacingitwithpublicpolicy.ThiseliminatedourabilitytoPAYourdebts,allowingonlyfortheirDISCHARGE.
There are numerous references to Case Law, Legislative History, State and FederalStatutes/Codes,FederalReserveBankPublications,SupremeCourtdecisions,theUniformCommercialCode,U.S.Constitution,StateConstitutions,andgeneralrecognizedmaximsofLawwhichestablish:
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That,thelawfulcoin(i.e.organicmediumofexchange)andtheformerabilitytoPAYdebtshasbeenreplacedwithfiat,papercurrency,withthelimitedcapacitytoonlyDISCHARGEdebts.
That, the United States Congress did legislate and provide the American people aremedy/means to discharge all debts dollar for dollar via HJR 192 due to thedeclared Bankruptcy of the Corporate United States via the abolishment ofconstitutionalcoinandcurrency.
The Bottom Line toRelease YourMortgage: TheBank is NOT theCreditor, you are!Withoutbeingthecreditor,thebankhasnorightsandcannotdoanythingexceptcomplywithyourdemands.Yourjobistoputtheburdenonthebanktoprovetheyare,indeed,theCreditorsandholdanactualnotetoyourproperty.
WhoReallyOwnsYourMortgage?
Haveyouevertriedwalkingintoabankandaskingforaloantopayyourrent?Youknowwhattheanswerwillbe.So,whyisitthatthebankwilllendusvastamountsofmoneytotakeoutamortgageandtakeonexpensesthatwillbemuchhigherthanrentforthesameplace?Becauseitisprofitableforthemtoputpeopleindebt.
Withallthescandaloutthere,itsclearthatbanksaretakingadvantageofpeople.Banksarecreatingfalseandmisleadingcontractseverydayandcollectinginterestpaymentsintheprocess,too.Banksdotheirbesttohidethefactthattheynevercreatedlegalmoneyforyou to purchase your home. A controversy of allegedly shoddy paperwork has raiseddoubts about the legitimacy of foreclosures nationwide, eliciting complaints fromhomeownersandinvestorsalike.TheCongressionalOversightPanel,abailoutwatchdog,
releasedastatementaccordingtotheHuffingtonPostthatsaysthescandaloverallegedrobo-signers, foreclosure processors who approve documents without reading them,mayhaveconcealedmuchdeeperproblemsinthemortgageindustry.
FederalLegislation:TILAandRESPA
The homeowner is always confrontedwith the difficult task of researching informationaboutwhattoexpectinthecomingmonths.Thisresearchincludesanumberofdifferentsubjectscoveringsuchissuesastheforeclosureprocess,loanmodification, legalstatutes,andcurrenttrends.
AtPeaceofMind,LLC,wehaveaprocesswhichalsocoversforensicloanauditsand
TILAandRESPA.
TILA and RESPA are the two main pieces of federal legislation which govern certainprocessesregardinglending,andespeciallysointhemortgagelendingarena.TILAstandsfortheTruthInLendingAct,andRESPAstandsfortheRealEstateSettlementProceduresAct.Thesearespecificlegislativeactsdesignedtoprotecttheborrower.
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TILAisthemaineffortofCongresstoensurefairlendingandtoprotecttheborrower.Itspurposeistopromotetheinformeduseofconsumercredit,thecostsofborrowingmoney,the termsofthe loan,andothermuchneeded information. Itrequires providing certaindisclosuresofrelevantinformationforeachtransactionthatisconsidered,anditprovides
thelegalremediesforeachviolationoftheAct.
RESPAisanothereffortofCongresstoregulatelending.RESPAisdesignedtoprotecttheborrower by ensuring (1) fair settlement proceedings through early disclosure ofsettlementcosts,(2)thepreventionof kickbacksandillegalreferralfeesthatincreaseborrowing costs to the consumer, and (3) the prohibition of certain acts that increaseborrowingcosts.
Thereismuchmoredetailtotheseacts,butthefocusshouldprimarilybeonTILAbecausemostforeclosuredefenseswillbebaseduponTILAviolations.TILAisatechnicalstatute.ThissimplymeansthatanymaterialviolationcaninvoketheremediesasprovidedforintheAct.Thematerialviolationsthatmostfrequentlyinvokepotentialremediesare:
APR FinanceCharge AmountFinanced TotalPayments PaymentSchedule RighttoCancelViolationsCommonRemediesforviolationsofTILAare:
Attorneysfeesandcourtcostsforsuccessfulenforcementandrescissionactions Statutorydamages,aminimumof$200butnomorethan$2,000 Actualdamages Doublethecorrectlycalculatedfinancecharge(butnotlessthan$100ormorethan
$1,000forindividualactions) Rescission,themostvaluableremedy
Rescission
Rescissionistheprocessoflegallycancelingaloan.Ifaviolationofmaterialdisclosuresissevere enough, and the threshold for severity is quite low, then the borrower has theopportunitytorescindorcanceltheloan.
Intherescissionprocess,theborrowerfindsviolationsoftheTILAthatofferrescissionasaremedy.Theborrowernotifiesthelenderofrescissionbyletter.Thesecurityinterest(theNoteandDeedofTrust)automaticallybecomesvoid,and the lenderhas20dayswithinwhich to take any and all actions necessary to reflect the termination of the securityinterest.Thelenderisobligatedtoreturnanymoneyorpropertygivenasearnestmoney
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ordownpaymentwithinthose20days.Theborrowerisnotliableforanyfinanceorothercharges and is entitled to recover all fees incurred in the transaction. The borrower isobligatedtoreturntothelenderanymoneyorpropertytheborrowerreceivedaspartofthecredittransactionwithin20days,astheirpartoftherescission.
Ifthelenderdoesnottakepossessionofthepropertyormoneywithin20days,thenthepropertyisretainedbytheborrowerandisheld.Atthisstage,youarelegallyentitledbythe lendersagreement toget yourhome freeand clear. Ofcourse,theprocessdoesnotstopthere;atPeaceofMind,LLC,wewillcompletetheprocessandincludesuchstepsasnotifyingtheInternalRevenueServiceandothergovernmentagenciesofthetransaction.
Somepointstoconsider :Sincehomesareunderwaterandtheborrowersowemorethanthehomeisworth,theycannottenderbacktothelenderthemoneythatwasborrowed,sorescissionisnotaneffectivecourseofaction.Courtshavetheabilitytochangetheorderinwhichrescissionistendered,meaningthattheborrowermustshowtheabilitytomakeavalidtenderbefore the securityinterest inthe loanis cancelled.Noability totendertheamountduemeansthatthereisnovalidrescission.Inotherwords,rescissiondoesnotdowhat the homeowner probably wants the most to remove any financial obligationconnectedtothehouse(asbeforetheypurchasedit)sincethelenderisonlyobligatedtotakebacktheoriginalmoneylent,minusfees,andtearupthecontract.
ThisiswherePeaceofMind,LLCcanmakethedifference.Wehavetheresourcesin
funding,cash,bondsand/orothersecurityinstrumentstoprovidethelegaltender
and/oroffsetthedebt.
OnelittleknownfactisthatthereareMULTIPLEinsurancepoliciesineffectforsecuritizedloans, with many of the beneficiaries of said policies having nothing to do with the
transaction.These policiesarenotdissimilar to anautomobile liability insurance policy.Whenacaraccidenttakesplaceaninsurancesettlementispaidoutinaccordancewiththetermsofthecoverageofthepolicytothebeneficiariesofthepolicy.Nocaraccident=nopayout of settlement. Conversely, NO FORECLOSURE AUCTION = NO SETTLEMENTPAYOUT.
Themultiplepoliciesineffectoftenpayout7-10timestheoriginalvalueofthemortgagenote!ManybelievethatthesepoliciesaretheonlythingproppinguptheU.S.economyatthistime.Thebeneficiariesofthesepoliciesoftenincludemunicipalitiesandpensionfundsheld by judges, states, and counties that explainwhy many fraudulent foreclosures areallowedtocontinue.Thisisespeciallyappropriateforhomeownerswhohavealreadylost
theirhome!PeaceofMind,LLCmaybeabletogetyourhomebackorthreetimesthemortgage/noteevenafterforeclosure.
BanksMustProducetheOriginalNote
PromissorynoteshavetobeanegotiableinstrumentunderUCCArticle3toallowforthirdpartynegotiation.BankshavebeenusingtheElectronicSignaturesinGlobalandNationalCommerce Act (ESIGN) and the Uniform Electronic Transactions Act (UETA) laws to
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convertpromissorynotesintoaneNoteorcreateeNotesinelectronicbookentryformsotheycanbeslicedanddicedinthesecuritiesmarketandFannieandFreddie.
Whenpromissorynotesareconvertedfrompapertoelectronic,inmanycasesthepaperpromissorynotewasdestroyed.Intentionalvoluntaryactsuchasdestructionisdischargeofthedebtobligation,UCCArticle3,3-604.EverybodyislookingatthesliceanddiceastheproblemwheninrealitytheproblemisthateNoteshavenolawtosupporttheirexistenceforuseinthesecuritiesmarketasESIGNandUETAbothexcludeitemsgovernedbyUCCArticle3-NegotiableInstruments.Banks,inanattempttomakesuretheirfraudremainsconcealed,providetheirlawfirmswithacopyof thenoteand insomecasesa lostnoteaffidavit.Thenthebankslawfirmsuseslicker-trickerywordingtodeceiveeverybodyintobelievingthatacopyissufficientproofandthedestructionofthenoteremainshidden.Thepresentation of the original note with all assignments is the only proof that should beallowed.
CommerceandTrade15USCSec.77nnn(excerpt)
Theterm"indenture"meansanymortgage,deedoftrust,trustorotherindenture,orsimilarinstrumentoragreement(includinganysupplementoramendmenttoanyof
theforegoing),underwhichsecuritiesareoutstandingoraretobeissued,whetherornotanyproperty,realorpersonal,is,oristobe,pledged,mortgaged,assigned,or
conveyedthereunder.
Evidenceofrecordingofindenture-Iftheindenturetobequalifiedisoristobesecuredby the mortgage or pledge of property, the obligor upon the indenture securities shallfurnish to the indenture trustee - (1) promptly after the execution and delivery of theindenture,anopinionofcounsel(whomaybeofcounselforsuchobligor)eitherstating
thatintheopinionofsuchcounseltheindenturehasbeenproperlyrecordedandfiledsoastomakeeffectivethelienintendedtobecreatedthereby,andrecitingthedetailsofsuchaction,orstatingthatintheopinionofsuchcounselnosuchactionisnecessarytomakesuch lien effective; and (2) at least annually after the execution and delivery of theindenture,anopinionofcounsel(whomaybeofcounselforsuchobligor)eitherstatingthat in the opinion of such counsel such action has been taken with respect to therecording,filing,re-recording,andre-filingoftheindentureasisnecessarytomaintainthelienofsuchindenture,andrecitingthedetailsofsuchaction,orstatingthatintheopinionofsuchcounselnosuchactionisnecessarytomaintainsuchlien.
Note: In instances of court cases, it may be helpful that the loan audit be part of our
evidenceoffraud.
WhattoExpectWhenYouRescindaLoan?
Whenyougotorescindaloan,youneedtobeawareofwhatwillactuallyhappen.Ourteamhas handledhundredsofaudits andworkedwith lawyers and otherprofessionalswhodo loanrescissions. Ifyouwould like tobe empowered andbenefit frompowerful,privyinformation,youmustknowyourrights.
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Othersituationsandscenarioswecanhelpyouwithwhenwereleaseyourmortgage:
Inordertostopaforeclosure,wecouldfilealawsuitagainstthelender,andpriortothePreliminaryJunctionHearing,ifthereisoneFederalChargeallegedinthecomplaint,thelenderwillusuallyhavethelawsuitremandedtoFederalCourtandawayfromStateCourt.ItshouldalsobenotedthatTILAandRESPAlawsuitshavebeenregularlyfiledsincethemid1990s.Thewaytotakeonthelendersistousedifferentplansofattack,usingstatutesotherthanTILAandRESPA.FederalPreemptioncanbefought.Inmoststates,thestatutesexist to counter Federal Preemption claims. These statutes are versions of the FederalTradeCommissionAct,Section5,whichidentifiesUnfairandDeceptiveActsandPractices(UDAP).Keepinmindeverysituationcanbedifferentandstrategiesvarywitheachclient.
WhoCanHelpYou?
PeaceofMind,LLChashelpednumeroushomeownersexercisetheirrightstoreclaimtheir
property.Weareexperiencedatwhatwedo,andwe'vepaidthepricetolearnhowtodoitrightandknowwhatittakestogetthejobdonethewayitneedstobetoaccomplishyourgoal.Wehaveateamofprofessionalsthathavetheexperiencetosuccessfullycompleteamortgagerelease. Sincewehaveavested interestinyoursuccess,we treatthehouseasone of our own. And this is the key difference between a service provider and a jointventurepartner.
Thefactsarehard.Youarefightingforyourhome.Ifyoulose,whichisunacceptable,youare out of your place to live. We believe this is too harsh a penalty. The opposition'sargumentisthatyouboughtsomethingwhichyoucannolongerpayforandmaintain.Youstoppedmakingthepaymentsyoupromisedthem.Ofcoursetheylikewisefailedtotellyou
thatwhattheyweresellingyouwouldloseover50%ofitsvalueovernightandleaveyouupsidedowninyourpayments.Theyalsoforgottotellyou,andtheCountyandtheState,that they transferred the security interest in the property to other parties. By notrecording,theydeprivedthestateandcountyoffeesandtaxes.
NegativeEffectsofForeclosure
Foreclosuremeansmore thanjust losingahome.Itwillhaunta person foryears.Otherproblemsthatmayresultfromforeclosureinclude:
Lawsuits-Themortgagecompanycangoafteryoufordamages. Lossofemployment- Someemployersrequiretheiremployeestomaintaingood
credithistories.Notificationofaforeclosuremaybegroundsfordismissalorlossofachanceforadvancementandbetterpay.
Lossofequityearnedinyourhome- Thevalueofyourhomemayincreaseeachyear.Inmanycasesthecombinationoftheequityandtheincreasedvalueofyourhomecantranslateintolosingthousandsofdollars.
Inabilitytoborrowmoneyinthefuture-Aforeclosurecandestroyyourcreditprofilealmostovernight.Thisderogatorymarkonyourcreditreportwilllabelyouasabadcreditriskforatleast7years.Thiscanresultindeclinedapplicationsfor
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credit,the inabilitytorentanapartment,limitedemploymentopportunities,andahostofotherimplicationsthatcanfollowyouforalongtime.
Increased taxes -A lenderwho losesmoneyfrom the sale ofa foreclosedhomemustreportthelosstotheIRS.Subsequently,theIRSmayrequireyoutoreportthe
lender's loss as income onyournext tax return and youmayberequired topaytaxesonit.
Loss of self-esteem and self-worth Emotionally, the stress of foreclosurecanhaveseriouseffectsonyourwell-being.Thestressthatforeclosurebringscanleadtodepression,feelingsofworthlessness,lackofmotivation,embarrassmentaroundfamilyandfriends,andthelistgoeson.
AbilitytoRent Divorce DeficiencyJudgment-Thisisthedifferenceonwhatwasowedandwhatthehouse
sold for and the lenderswill come back to file a judgment for that amount as ajudgmentdebt.
Stress and bad health -People who worry about their house problemscausethemselvesserious health issues which can run hundreds to thousands ofdollarsinmedicalbills.
Shortsale-Ashortsaleinvolvesofferingthehomeforsale,generallylistedthroughMLS.Potentialhomebuyerswillmakeappointmentstoviewthehome,somewillmake lowballoffers,agentsmightholdopenhouses and, ingeneral, aseller's lifewillbedisrupted,allinthehopesthatabuyerwillbuythehome.MoreonShortSalesandLoanModificationslaterinthisreport.
Moreimportantlyiswherethebreakinchainoftitleoccurs.YourfirstknowledgeofthisbreakcomeswhenyoureceiveaNOTICEOFDEFAULTANDELECTIONTOSELLfromsome
servicingcompany,whoproceedstoforecloseandsellyourpropertyatatrustee'ssale.
Nowhereprioristhereanyrecordedrecordtransferringyournotetothem.Withoutthenote,being inphysicalpossession - actual ownership - they are not lawfullyallowed toforecloseorsellyourproperty.Yoursilenceandinability toproperlychallengethemonthisallowsthemtogetawaywithitunlessyouhavetherightknowledge,resourcesandteamofprofessionalshelpingyoupreserveyourrightsandyourassets-likePeaceofMind,LLC.
ProcessesWeProvide
AdministrativeProcess/NotaryPresentment
Weprovide an administrativeprocess via notary presentmentby a duly commissionednotary public. We present the evidence discovered along with specific questions andallegationstogivetheotherpartiesinvolvedtheopportunitytorespondtodueprocess.The parties are given a specific number of days to respond, and, when they dont, thenotary as a duly commissioned witness of the state provides a notice of default andopportunitytocure.Whenthepartiesfailtocure,thenotary,asthesecondwitnessinthe
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matter,certifiesthenon-responseonbehalfofthestateprovidingsomeremedytocreateaset-offagainstthem,atwhichpointasettlementwouldnowbeavailableasanoptionforthehomeownertopursueintheeventthatthepartiesunlawfullyforeclosed.
Bygettingthepartiesinvolvedintoadefaultposition,thereisnowmorethanjustaone-sidedargumentwheretheinvolvedpartiessay,Youowethisamount,payitotherwiseweare taking yourhouse; instead, itgives the homeowner an opportunity topursue theirclaiminaset-offofthebanksclaim.Sonowthereisanopportunitytocometogetherandfigureoutwhooweswhowhat,orwhetherornottheinvolvedpartiesshouldgoawayandthehomeownerkeepstheirhouseandwecalliteven.
WeCorrectthePublicRecord/FileUCC:
Withpublicinstrumentsthatweareprivyto,weassistinfilingonbehalfofhomeowners;wecorrect inaccuracies onthepublic record and rebutthepresumptions thatare beingmadebytheotherpartieswiththeirdocumentsthatarecurrentlyonthepublicrecord.In
addition,weassistthehomeownerwithprotectingthevestedinterestthattheyhaveinthereal estate consisting of closing costs, down payment, taxes, insurance, repairs,renovationsandanyimprovementswithacommercialfixturelien.
WeProvideaForensicLoanInvestigation:
TILA/Disclosure/AppraisalAudit: Ifnecessary, anextensive investigationin to the truthregardingahomeownersloandocumentscandeterminewhetherornottheloanshouldhavebeenapproved inthe firstplace.In addition,wefindoutwhetherornot numberswere inflated, figures weremanipulated or other improper processes took place in theappraisalandotherdocuments.Thisisonlyapartiallistofcriteriathatwescrutinizeforin
eachsituation.Wediscoverthetruthofthematterandestablishitasevidencethroughacertifiedwitnessofthestate.MortgageElectronicRegistrationSystems(MERS):
In order to prevent foreclosure, it is strongly recommended homeowners takeactionbyinvestigatingthe potential fraudpracticed by the banks. Fightingback againstthebankcansteerahomeownerintherightdirectionwithregardstoprotectingtheirwell-being. A loan examinationcan unveil ifMERSDeedsofTrustare valid. In actuality,ALLMERSDeedsofTrust/MortgagesareVOID!TheFACTSregardingMERS:
1. MERSisnotalender,creditororbank2. MERShasnoagencystatusasanominee3. MERSdoesnotlendorextendcredit4. MERSdoesnotservicemortgageaccounts5. MERSdoesnotholdPromissoryNotesinpossession6. MERShasNEVERownedorreceivedANYbeneficialinterestinANYMortgageEVER!
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The customized form of Mortgage / Deed of Trust utilized by Mortgage ElectronicRegistrations Systems Inc., (MERS), is not entitled to any of the statutory mortgageeprotectionsprovidedintheprovisionsofFederalandStateLaw.
ANomineeMortgageeissimplynotentitledtothestatutorybenefits.TheprovisionsarestrictlyconstruedagainstMERSputativeconveyancesincethestatutoryprovisionsarein derogation of common law. For example, MERS mortgagee deeds have two entitiesexercisingthesamestatutoryforeclosurepowers.Lawonlyprotectstheactualholdersofthemortgagedeedortheirstatutoryassigns,notnomineeswhichonlyhavearolewithstocksandbonds.MERSargues,inafutileexerciseofnominalism,thatsplittingthetermmortgageefromthelenderhasabenefittoitself.MERSmortgagedeedsaredefectivebecausethestatutoryprotectionsruntofunctionalpowersoftheholdersofthemortgageandofthemortgagenotes,nottoself-definednominees.
Nominees are not eligible to hold future interests in property without statutoryassignments.Onlystatutoryassigneescanexercisethefunctionalabilitiesnecessarytogaincontrolofthefive(5)statutoryelementsrequiredtoprovideacleantitleattheendoftheprocess.Statutoryprotectionsruntotheholdersofthemortgages,nottheirnominees.
WhenMERSdoesnothaveanactualseparatewrittenandrecordedconveyancefromtheactualholderofthemortgagetoitselfpriortoMERSmakingaconveyance,theconveyanceisvoid.
MERS by its own description in paragraph C is not contractually able to perform thestatutory functions of the holder of the mortgage. Mortgage Electronic RegistrationSystems Incorporated, as a putative nominee, selected by the Mortgagor, usually lacks
actual recorded authority from the Holder of theMortgage by way of a recorded or arecordedpowerofanattorney.MortgageElectronicRegistrationSystemsIncorporatedcannot by its own definition be a holder of the mortgage deed. Mortgage ElectronicRegistrationSystems Incorporateddidnotownorpossessorcontrol themortgagenotewhichwasnecessarytoenforcethemortgagedeedasrequiredbyUCC-3-301.
Pursuant toRule 9, Section1(b)of the RulesofMembership,MERS has"noownershiprightswhatsoeverinortoanyinformationcontainedontheMERSSystem.Itisourposition that theinformation contained on the MERSSystem is the private,proprietarypropertyofourMembers,andthattheinformationshouldbeproduced,if
atall,bytheMemberwhoownstheinformation.Thisapproachprotectstheprivacy
of the information, and allows our Members to control how and when it isdistributed.
Thesefactsarebecomingdifficulttodispute,fromaJudge'sperspectivegiventherecentSupremeCourtdecisions.
MERSv.SouthwestHomesofArkansas Landmarkv.Kesler Riggsv.Aurora(Fl.4DCA,CaseNo.4D08-4635,decided4/21/2010
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Jermanv.Carlisle Bellistriv.Ocwen Dist.Ct.CaseNo.2:09-CV-00661-KJD-LRL Bankr.Ct.CaseNo.BK-S-07-16645-LBR InRe:WellsBankruptcyOhNdDecision22Jun2009 USBANKv.Ibanez
Just becauseMERS claims its ability to misuse theword nominee in anyway that isbeneficial,doesnotCHANGE200yearsofpropertylaw.
Acontinuingthemedemonstratesthetitledefect,thequestionableconductofpretenderlenders,andthedefectsintheforeclosureprocesswhenyouletcompanieswithbigbrandnamesbluffthesystem.ThefatalMERSGAPariseswhetherMERSisactuallythenomineeonthedeedoftrust(ormortgagedeed)ornot.Itisanannouncementthattherewillbeoffrecordtransactionsbetweenpartieswhohavenointerestintheloanbutwhowillassert
suchaninterestoncetheyhavesuccessfullyfabricateddocuments,hadsomeonewithoutauthoritysignthemonbehalfofanentitywithnorealbeneficialinterestorothereconomicinterestintheloan,andthenfrequentlynotarizedbysomeoneinanotherstate.Wehaveeven seen documents notarized in blank and forged signatures of borrowers on loanclosingpapers.
Anyone who pays theMERS membership fee can sign on behalf of MERS to assign orotherwiseconductforeclosureactivities.MERSisaSHAM.Everyoneknowsitandthereisnofactualbasis tosupporttheir assertions torights toforeclose. Onewordsums itup:FRAUD.
WhatGetsRecordedandLegalDocumentsWeUse
UniformCommercialCodeFinancingStatement:
UCC-1standsforUniformCommercialCodeForm1.Itisafinancingstatement,notanagreement.Itisjustnoticetothepublicthatonepersonclaimsthatithasaninterestinsomeoneelse'sproperty,usuallyascollateralforadebt.Itisnormallyfiledintheofficeofthe Secretary ofState inthe statewherethe debtor/borrower is located. Inmost cases,locatedmeansthestateofincorporationforcorporations,thestateofcreationforlimitedliabilitycompaniesandotherentities,andthestateofresidenceforindividuals.
The UCC-1may beused tonotice a lien created byasecurityagreementofa loan for ahome, car, etc. The importance of the UCC-1 to the secured party and otherlenders/creditors is the first in time, first in line priority. A UCC-1 notifies others ofoutstanding debt such as security agreement, summary judgment lien, commercial ormaritime lien and so forth. Collateral items may be listed directly. Property, both realandpersonalproperty,canbeinvolved.Allofthisisfortheprotectionofthesecuredpartyandallowotherpossiblelenders/creditors tobeawareofoutstanding, unpaiddebtthatwouldstandinlineforcollectionofanynewdebt.
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WhyDoWeFileaCommercialLienAgainsttheLender,ItsAssets,andEmployees?
Wedoitforleverage.Whenthebanksassetsandemployeesaretiedup,itgivesPeaceofMind,LLCtheultimatenegotiatingpower.BecausethelienisaUCC-1commerciallien,itmoves into firstpositionagainst any existing liens. The bankdecisionmakers have tonegotiateinordertohavetheliensremoved.
NotaryBillofLading:
Anotarybilloflading isa chattelcargomanifestwhichoutlinesthedocuments thatareincludedinthefiling.Itlaysoutthevalueofthedocumentsequaltothevalueofthefirstpromissory note. It states that we are giving them 10 days to respond, otherwise thedocumentswillbeconsideredaccepted,whichmeanstheywilloweusthatmoney.
NotaryCertificateofService:
Thisdocumentverifiesthatournotarywillbemailingthesedocumentsandcertifyingtothateffectwiththeirnotarystampandsealonthispage.
CommercialAffidavit:
All of the instruments are signed by our client in their capacity with a title asgrantor/beneficiary as, trustor, settlor, issuer and maker. Grantor/beneficiary andtrustor/settlor are in regard to the Deed ofTrustwhich is the security instrumentandissuermaker isreferring tothe promissorynote that the grantororiginally issued uponwhichtheywerethemaker.Thisdocumentsimplyclarifiesfortherecordallofthesetitlesare the sameasthegrantorsonobodyisconfusedaboutwhomthegrantorisandwhattheyaredoingwiththisfiling.Itlaysoutthedetailsthatthegrantorwasthesourceofthe
fundsanditwasthegrantorssignaturethatcreatedthevalueinthosedocumentsinthefirstplace.Italsoclarifieswhichpropertyitisthatweareidentifying.
ModifiedDeedofTrustRider:
Thisisanamendmentandriderrecordedwiththedeedoftrustanditis nuncprotuncwhichmeansthesechangesthatthegrantorismakinginthismodificationgobacktotheoriginaldatejustasiftheyhadoriginallydoneitthisway.
TheModifiedDeedofTrustRider:
1. Terminatesoldparties:Itpointsoutthatwearelabelingtheterminationofpartieslisted,andbythegrantorsordertheyareterminatingalloftheotherdebtorpartieswhoweretheoriginalpartiesontheoriginaldeedoftrustandcorrectingthepublicrecordastothisfact.
2. Labelsthenewparties:WearelabelingthenewpartiestothedeedoftrustwiththeALLCAPSorlegalfictionnameofLender.ThebeneficiaryisgoingtobetheTrustthatweassistinformingforthehomeowneranditlabelsthenewtrusteeasPeaceofMind,LLCandgoesintoterminationdetails,statingallthetermsofthepreviousdeedoftrustareherebyterminated.
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3. Identifiesnewterms:Thenewtermsarethatthebalanceoftheloaniszeroandthatthedutyofthenewtrusteeistofaithfullyfollowtheinstructionofthetrustor,whichisthegrantor.Itstatesthatcompensationwillbebymutualagreement(itmeansifgrantortellsuswhattodowewilldoitforthemandwecantdoanythingelseother
thanthat).
AdditionalItemsWeFile:
Deed of Trust: The amended deed of trust, the assignment, any appointments and anytrusteesalenotice,ifapplicable,whichwemarkvoidedforfraud.
IRSForm4490:AproofofclaimsoiftheIRSisclaimingtheyareowedanamountfromthelegalfictionname,anagentmustsweartothisandhavetheirsignaturenotarized.
IRSW9Form:Givesustheopportunitytoidentifyapartybyeithersocialsecuritynumber,tax payeroremployer identificationnumber soweknowwhoweare dealingwith,and
whethertheyareanindividual,corporationorotherentity.Itissimplyawayofaskingforproofofidentification.
IRS 1099A Form: Provides another opportunity for parties to certify under penalty ofperjurythattheyhaveexaminedthisreturnandtheaccompanyingdocumentsandwhattheyaresayingistrueandsignedonthedottedlinetothateffect.
We have asked the grantor to sign all the documents with a notary certificate andacknowledgement that what the grantor is saying is true, under their full commercialliability,andunderpenaltyofperjury.Sonowallwearedoingisaskingthedebtorpartiestodothesame.Theselast3documentsarerecordedblanksoeverybodyknowswhattheywereprovidedandtheopportunitytheywereprovidedtosubstantiatetheirclaims.
QualifiedWrittenRequest:
Thisdocumentisaprivatedocumentandissenttotheoriginator,MERS,ifapplicable,andtheloanservicer.AQWRismadepursuanttotheRealEstateSettlementProceduresAct(12U.S.C.2601-2617)otherwiseknownasRESPAanditsimplementingregulationX(24C.F.R.3500.21)andisanimportantcommunicationtoolbywhichtheconsumercanputtheserviceronnoticethatthereisaproblemifthereisanerrorinthemortgageaccount.TherearespecificguidelinesastohowaQWRneedstobewrittenandfiledandwhat itcontains:therequestmustbeinwriting,identifytheborrowerbynameandaccount,andinclude a statement of reasonswhy the borrower believes the account is in error. The
servicermustacknowledgereceiptoftherequestwithin20days.
Wearerequestinganaccountingofeverything.Weareaskingforittobecertifiedunderoath.Theservicerthenhasupto60daysfromthedateofrequesttotakeactiontoeitherprovide a written notification that the error has been corrected, or provide a writtenexplanationastowhytheservicerbelievestheaccountiscorrect.Eitherway,theservicerhastoprovidethenameandtelephonenumberofapersonwithwhomtheborrowercan
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discussthematter.Theservicercannotprovideinformationtoanycreditagencyregardinganyoverduepaymentduringthe60dayperiod.
Thereisa long listofwhatweareaskingfor;between40and211questionsareasked!Weremakingtheclaimthatiftheydontrebutthisrequestandits individualobligations,thentheyareagreeingitastruthandadmittingtheydonotownthenoteanddeedoftrustasthetrueholderinduecourse,sotheyhavenorighttoitsenforcement.Weresayingthattheyremerely a service provider, servicer or debt collectorwith no rights. Were alsostating that the grantor as maker/issuer deposited a promissory note, a negotiableinstrumentwiththeoriginatinglender,whichistrue.WequoteModernMoneyMechanicswhich is published by the federal reserve bank of Chicago that states in part that anydepositreceivedisnewmoneyandthatessentiallythenegotiableinstrumentwhensignedhadtheeffectofcreatingmoney.Ithadvalueanditwasmoney,itwasconsideredmoneywhendepositedwiththebankandthegrantorwasnevergivencreditforthatdeposit.Wethenmaketherequestthattheystillowethegrantorthevalueofthatdepositamount.
AdministrativeProcess:
WhilewearesendingtheQWR,wearealsopursuingthefirststepoftheadministrativeprocess, which certifies via notary presentment that if the alleged beneficiary has aproblemwithanyofthis,theycanrespondtothenotarypublicsothenotarycancertifythat response, or when they dont respond, that no response was made and by notresponding,thattheyareadmittingtoitstruth.
Afterthespecificamountoftimenoted,thenotarythencertifiestherewasnoresponse,thattheydefaulted,andthattheyfailedtocurethesituationandthereforeitiscertifiedthat theyowe the grantor themoneythatwas claimed.Atthatpoint,weare taking the
claimwiththesupportingdocumentthatwehavecertifiedbythenotarypublic,whoisanofficerofthestateandthecourt,andwearefilinganadditionalUCC-1financingstatementfortheamountclaimed.
BankObligationofInstrumentTender
Whenacommercialbanksends the instrumenttothesecretary fordischargeofitsownobligations and a problem arises concerning the instrument, a commercial response isrequired.There is a legal liability of the government to a negotiable legal tenderobligation upon the United States government sent to them for acceptance by a
memberoftheFederalReserveBankaftertheyreceiveditandbecameresponsible
forit.
TheTreasuryhasanobligationasadepartmentofgovernmentservingthepublicinterestto the bank which as amember of the Federal Reserve System that has a commercialobligationtoanaccountholderanda3 rdpartywhotenderedtheiteminpaymenttotellthemthatitsnotanygoodoritsnotgoingtobehonored,eveniftheywantedtokeepitforprosecutionor investigation.Thisis ineffectwhatthedirectivesaysthegovernmentwilldoifitsnogood.
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Whatdoesstatutorylaw,regulation,orcaselawtellsusaboutwhatthatobligation
is?Theydonotdishonoritinanywaybyreturnoftheitemorthesendingofanynoticetothat effect, or make request for additional information or time for examination of theinstrument,orgivenastatementofexplanationindicatingthetimeframeforitsreviewand
settlement if it would be an inordinately lengthy time as longer than 60 days to finishit.Theinstrumentsbeingkept,held,andwithoutreturnordishonor,areacceptedasanobligationoftheUnitedStatesinthedischargeandrecoveryofthepublicdebtasitmakesclaimonitsfacetobe.
Ifthebankhadhadtopaytheitemtohonoritscustomeragreementasifithadbeenacheck,whatwouldorcouldthebankbetryingtodotosettletheaccount?ThebankneedstotreattheinstrumenttenderedasanobligationoftheUStothebank.Thetenderoftheseinstrumentsdischargetheobligationofthedebtforwhichtheyaredeliveredandthepayeebecomesthenewholderinduecourseandcollectionagentontheinstruments.
FormsofFraudWeLookFor:
Mortgagerelatedfraudisdefinedbyourloan/mortgageofficersandaffiliatesasintentiontoobtain ahomeowner'spropertyand equity.This isaccomplished byusinganyofthefollowingtactics:
Falsifyingrecordsanddocuments CommittingfrauduponthecourtsbystatingtheyaretheHolderandOwnerofthe
note-wheninfact-theydonotownorholdthe"original"note Preyingontheignoranceofthecourtandhomeowner; Falsely claiming Pooling and Servicing Agreements, industry standards, rules,
guidelinesorotherindustry-authoredwritingssupersedethelaw
Enteringon-timepaymentsaslate,toexactillegalandunauthorizedfees Manipulatingaccountrecords Falselyclaimingtobetheowner/holderofthemortgage Falsely claiming standing by use of names such as Trustee, Assignee, Nominee,
Beneficiary,etc. Fraudulentlyinvokingthejurisdictionofthecourt Chargingforce-placedinsurancewhenthehomeowneralreadyhasfullcoverage Falselyreportingadefaulttothecreditbureauswhenitistheservicercreatingthe
default Payingpropertytaxeslate,thencharginglatepenaltiestotheborrower Payingtaxesandinsuranceonthewrongproperty Creatingfictitiousdocuments(LostNoteAffidavits,PowerofAttorney,etc.) TriggeringthetermsoftheDeedofTrustwithoutthedebtinstrument Double-dippingor apply to the trust for reimbursement afterdeducting the fees
fromtheborrowersP&Ipayment Notaryfraud Evidencetampering Theftofgovernmentservices Perjury
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Feloniousinfluenceofpublicofficials Moneylaundering Insurancefraud Securitiesfraud Constitutionalandcivilrightviolations RoundingupARMrateswhenonadownwardtrend Notadheringtothetermsoftheloandocuments Creatingadditionalfalsedeficienciesthroughavarietyofquestionablepractices Addingmiscellaneousfeestopurposelycreateadeficiencywiththeborrower'snext
payment Notapplyingpaymentstoprincipalandinterest Committingperjurythroughmisrepresentations Withholdingorredactingdiscoveryevidence Tamperingwithcourttranscriptsandremovingevidencefromtherecord Conjuringupeventsthatneverhappenedwhilerefusingtoprovidedocumentation
tosupporttheirfallacies Refusingtocooperatewithattemptstorefinanceandstoptheillegalforeclosure Usingabuseoflitigation,appealsandmaliciousprosecutiontolitigateforever Payoffs to the consumer's attorney, law enforcement officials, judges, court
personnelandgovernmentofficials Refusingpaymentstoguaranteedefault Addingthousandsofdollarsinunearnedlegalfeestocreateadefault Ignoringcustomercomplaintsand"qualifiedwrittenrequests" Arrogantlyviolatingnumerouslawsandregulations Coercingthehomeownerintosigningaforbearanceagreementtostripawaytheir
legalrights Intentionallycausingdelaystorunupyourlegalexpenses Unjustenrichment Embezzlement Racketeering-RICO Vexatiouslitigation Abuseofprocess Violationofethics Grandtheft Extortion Taxfraud Publiccorruption Forgingdocuments Threatsandintimidation Electronicsurveillance Wirefraud/mailfraud Conspiracy Fraudintheinducement andmanyothers
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ScamsandAlerts
Beforedoingbusinesswithanyone,knowwhotheyare.Findouthowlongtheyhavebeeninbusiness,allcostsinvolvedwiththeirservice,whetherornottheyareproperlylicensedtoconductbusiness.Youshouldtrytomeettheindividualyoullbedoingbusinesswith.Scamartistsfollowtheheadlinesandknowtherearehomeownersfallingbehindintheirmortgagepaymentsoratriskforforeclosure.Theirpitchesmaysoundlikeawayforyoutogetoutfromunder,buttheirintentionsareasfarawayfromhonorableastheycanbe.Theymeantotakeyourmoney.Amongthepredatoryscamsthathavebeenreportedare:
Theforeclosurepreventionspecialist:Thespecialistreallyisaphonycounselorwhoistypically unlicensedinyourstate andchargesoutrageous fees inexchangeformakingafewphonecallsorcompletingsomepaperworkthatahomeownercoulddoforthemself.Theseactionsrarelyresult insaving the homebecause the lending industryknowswhothesescammersareandseldomagreetoworkwiththem.Thisscamgiveshomeownersafalsesenseofhope,delaysthemfromseekingqualifiedhelp,andexposestheirpersonalfinancialinformationtoafraudster.
Thelease/buyback:Homeownersaredeceivedintosigningoverthedeedtotheirhometoascamartistwhotellsthemtheywillbeabletoremaininthehouseasarenterandeventuallybuyitback.Usually,thetermsofthisschemearesodemandingthatthebuy-backbecomesimpossible,thehomeownergetsevicted,andtherescuerwalksoffwithalltherentmoneyandneverpaidacenttowardsthemortgage.
The bait-and-switch: Homeowners think they are signing documents to bring theirmortgagecurrent.Instead,theyaresigningoverthedeedtotheirhome.Theyusuallydontknowtheyvebeenscammeduntiltheygetanevictionnotice.
The internet foreclosure specialists: These fraudsters claim to have a NationwideForeclosureAssistanceProgram.Theyhaveelaboratewebsiteswithfalsetestimonialsandan800numbertocallforimmediateassistance.Whenyoucall, theywillcollectall yourpersonalinformationfirstthentellyouthatsomeonewillgetbackwithyoushortly.Theythensellyourinformationtoanyfraudsterthatwantstobuyit.
Theshortsaleflipping:Theseconartistswillsendyoualetter,ormightevenknockonyourdoortotellyouthattheywanttobuyyourhouseandthat theyhaveworkedwithyour lender in the past. They willmake a valid offer on your propertywell below themarketvalueandtellyouthattheyknowyourlender,andthattheywillaccepttheshortpayoff.Theythenopenescrowandproceedtopurchaseyourhome.Theynotifyyouthatyourlenderhasacceptedtheshortsale.Allthewhile,theyhavenevertalkedwithyourlender.Thescamhereisthis-theyhaveanacceptedofferfromyoutobuythepropertyatapricewellbelowthemarketvalue.Whentheyopenedescrow,theyinstructedtheescrowcompanytoshowtheirvestingasTheirNameandorAssigns.Theythenfindabuyertotaketheassignmentofthepurchasewhowillagreetopaythedifferenceupfrontbetweentheagreedsalespriceandthemarketvalue.Bothyouandthenewbuyerhavebeenduped.Thenewbuyerhasbeenrobbedofhisupfrontcashwhileyouarestillinforeclosurewith
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no short sale agreement from your lender. The con artist walks awaywith cash equitybecausehesoldhisrightstoaboguspurchase.
WhotoAvoid:
1. Anyonewhooffersaserviceforfree.Theytypicallyjustcollectallyourdocumentsthensellyourpersonalinformation.
2. Anyonewhomakespromiseswhenlogictellsyouthatthosepromisesmayormaynotbekeep-able.
3. Anyonewhoisnotinbusinessformorethan10years.4. Anyonewhocomestoyourdoorandwantstobuyyourhouse.5. Anyoneontheinternetwhoclaimstheycanmodifyyourhomeloanbutdoesntgive
pricingdisclosureorisvagueabouttheirservices.6. Anyone who offers a money back guarantee. Remember, they still have your
personalinformation.7. Anyoneofferingserviceswithoutproofofsuccessoraproventrackrecord.8. Anyonewhocomestoyourdoorofferingabailoutloan.9. Anyonewho takesyourcaseona contingency. Youwillwinduppaying the final
contingency amount even if a compromise is reached with your lender.Contingencies are usually 30 - 40% of the forgiven amount and lenderswill notagreetopay the lossmitigator.Youmay havesavedyourhome fromforeclosureonlytoloseittoamechanicslienfiledbythemitigator.
DONTtransfertitleorsellyourhousetoaforeclosurerescuer.Fraudulentforeclosureconsultantsoftenpromisethatifhomeownerstransfertitle,theymaystayinthehomeasrentersandbuytheirhomebacklater.Theforeclosureconsultantsclaimthattransferisnecessary sothat someonewithabetter credit rating can obtain anew loan toprevent
foreclosure. BEWARE! This is a common scheme so-called rescuers use to evicthomeownersandstealallormostofthehomesequity.
DONTsignanydocumentswithoutreadingthemfirst.Manyhomeownersthinkthattheyare signingdocuments foranewloantopayoff themortgagetheyarebehindon.Later,theydiscoverthattheyactuallytransferredownershiptotherescuer.
FrequentlyAskedQuestions
1) Q.Whatwillbeapartofyourprocessforme?A.Anexaminationofyourloandocumentsisonesurefirewaytogetyourlenderoverthe barrel.When violations of Federal and State laws are discovered in your loan
documents,weusethisinformationtopressurethelenderintomodifyingyourloanintosomethingyoucanactuallyafford.Insomecases,whenrescindableviolationsarediscovered, we will move to rescind the loan entirely. If your property is inforeclosure,wecanusetheauditreportasameanstostoptheforeclosure.
2) Q.Howlongdoestheprocesstaketoestablishthelien?
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A. Ittakes33 -60daystohavea legallien filedattheSecretaryofStateagainstthebankanditsassets.
3) Q.Howdoyoucalculatethelienamount?A. Addupthedownpayment, all improvements, all payments, and the loanamountmultipliedby4timesforpunitivedamages.Compensatorydamagesare200times
that amount. The lien is substantial. In Haslip v. Pacific Mutual (499 U.S. 1),theSupreme Court decided on legitimacy of punitive damages. In this case, 200times costs was found to be acceptable. We could use this equation or otherformulascanbeusedwithalesseramount.
4) Q.Once the lien is in place, will it stop the realtor from harassingme or mytenants?
A. Yes, we will file a complaint with the Department of Real Estate, against theirlicense, against their broker, and also go after their Errors and Omission
Insurance.Theywillstoptheharassment..
5) Q.Willitstopaforeclosure?A. Becauseitisa33-60dayprocesstoestablishalegitimatelien,itwon'tbeableto
stop a sale on short notice. However, once the lien is filed and in place, it willdefinitelystopmostforeclosures.
6) Q.Ifthepropertyisvacant,canImovebackin?A. When the lien is in place, our lien enforcement team can get you back in to the
property.
7) Q.Willitstopaneviction?A. Itwillstoptheevictionifthelienisinplace,butuntilthelienisrecorded,other
evictiondelayproceduresshouldbeimplemented.
8) Q.Doyouhavetobebehindonyourmortgagetoparticipate?A. It does not matter if you are current, behind, refinanced the loan, or lost the
property.Remember:thelienistosecureyourinterestintheproperty.
9) Q.Whatifthepropertywaspurchasedbya3rdparty?A. Attheclient'srequest,wecanforcethebankshandandgetthepropertyback.In
thiscasewesuggestthemonetarydamagesnottodisplacenewhomeowners.
10) Q.Whatistherefundpolicy?
A. Whenaclientwishestoleaveourprogram,thereisnoterminationfeeorlongtermcontract which forces them to stay or continue with any further payments. AllmoniespaidintotheprogramtodateareNON-REFUNDABLE.Alsoifweareabletoreleasethemortgage,therewillnotbeacancellationofthejointventureagreement.AbuyoutisapossibilityasnotatedintheJVA.
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11) Q.Canyoushowusasuccessfulcase?A. No-whenanegotiationhasbeencompletedwithaclientwiththebank,thebank
requiresa signed non-disclosure gag order.The bankdoesnotwantanybodytoknowhowtheprocedurewasdonetokeepothersfromdoingthesame.Wealsodo
notwanttojeopardizeaclient'spropertybybreakingtheorder.
12) Q.IfI'mcurrentlyinaloanmodification,willthisprocedurehelp?A. Onceyouhavealienagainstthebank,yourfilemovestothetopandwhateveryou
want,ourlienenforcementteamwillnegotiatethetermsrequestedbytheclient.
13) Q.Ifthereisa2ndor3rd,istheproceduredifferent?A. The procedure for the 2nd and 3rd mortgage is the same and requires the same
amountoftimeandenergy.
14) Q.Whatisthesuccessrate?A. Veryhigh.
15) Q.WhatifIhavea2ndmortgage?DoIneedtodotheprocedurewiththat?A. Ifyoudonothandlethe2nd,itwillbealienstillagainstthepropertyyouowe.We
suggestallliensagainstpropertygothroughtheproceduretohavethemremoved.
16) Q.Whatisthecostforthe2ndmortgage?A. Westructureitappropriatelytothe1stmortgage,soitdependshowthatlooks.
17) Q.IfI'minthemiddleofatrusteesalereversal,willthishelp?A. Sameas#16
18) Q.WhatifIlostmyhome2yearsago?A. Fraudhasnostatuteoflimitation.Youcanpursuealienagainstthebankatanytime
youcanaffordthecostoftheprocedure.Punitiveandcompensatorydamagesarewhatyouwouldbeworkingforhere.
19) Q.Haveanyoftheliensplacedagainstthebankeverbeenoverturned?
A. Never.
20) Q.HowlongdoIhavetoact?A. Time is of the essence when you are behind on your house, and delaying this
processcanbeabigmistake.Eachdaythatpassesmakesitthatmuchhardertogeta mortgage release. The home foreclosure processusually takes about 90 days.Whenwe find evidenceof loan fraud, orpredatory lending, the lenders typicallystoptheforeclosureinordertogivetheirlegaldepartmenttimetoreviewthecase.Pending their case load, the mortgage release can be done in 3 - 6 months onaverage.Ifyouqualifyforourprogramyouwillbegivenajointventureagreementtoreview.Youhaveoneweektoratifytheagreement.Timeisoftheessenceandweonlyhelphomeownerswhoaredecisiveanddontwasteprecioustime.
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21) Q.DoIhaveenoughtimetostopmyforeclosure?
A. Upuntiltheforeclosuresaleoccursthereisstillhope.Ifasaledateforyourhousehasbeensetyouneedtoactfast.Inthesecases,yougetemergencyattentionfrom
us.Ifneedbe,wewillhaveoneofourattorneysgetinvolvedtostoptheforeclosuresale.Wetypically turnawayclientswitha shorttimeframe from foreclosureandclientswhotakemore than7daystomakeadecision. Insomecaseswecanstillhelphomeownersthatalreadylosttheirhometoforeclosurebutitishardertodo.
22) Q.I'mcurrentlyinbankruptcy.Canyoustillhelp?
A. Yes.WepresentmanyalternativestothecourtandthejudgeseestheviolationsofFederallaw,untilsuchtimeasthecourtcanreviewtheallegations.
23) Q.ShouldIfileforbankruptcytosavemyhouse?A. Maybe, but not beforeweexamine all your documents. Use bankruptcy asa last
resorttosavingyourhome.Itsalwaysgoodtoexploreallyouroptionssodontrushintomakinganuninformeddecision.
24) Q.I'vealreadytalkedwithmylenderandtheyjustwantalltheirmoney.Canyou
stillhelpme?A. Yes. Many people experience this kind of inflexibility from their lenders before
callingourteam.Watchhowfasttheysingadifferenttunewhentheyknowtheyaredealing with an experienced team of professionals with access to judges andlawyers.Imaginetheirresponseifindeedevidenceofloanfraud,predatorylending,orservicingviolationsisdiscovered.Then,thereistheissueofservicingcompaniesthat are powerless tomodify the loan.Theseare companies thatdonot own the
note.Wethenbypassthecompanyalltogetherandgodirectlytothenoteholder.
25) Q.Willmycreditbedamagedfromdoingamortgagerelease?A.Mostlikely.Howeverifyouhavegreatcredit,thisissomethingyoumayevaluateinyourdecisiontodotheprogram.Ifyourcreditisalreadydamaged,wemaybeabletohelpreverseanyadverseaccountsthroughourCreditRestorationProgram.ThroughtheCRP,weareabletorepairandremoveanyderogatoryinformationonyourcreditfilesina1-3monthtimeframerewardingyouthefreedomandflexiblyrealizedbyhaving highcredit scores. (Somecaseswilldiffer intimeframe)Not onlywill you beable to release your mortgage, you will also be able to remove any late paymentsassociatedwiththisaccount!
However,you have tounderstand that credit agenciesare privateorganizations andcredit agencies are part of a larger system. These agencieswork hand-in-handwithyourlenderandthebanksmakemoremoneytheloweryourcreditscoresoit'snotsurprisingthatyourcreditwillbeaffectedbythesestrategies.
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26) Q.EXPENSESApproximatelyhowmuchwillitbe?A. Thisvarieswitheachproperty.Usuallyif thepropertyisnearforeclosure/trustee
sale,morecostis involvedsincewemayhave tohireattorneystodefend it.Withmostcases,itdoesntcometothatandwereleasethemortgagebeforetheytryto
foreclose.It'sdifferentforeachcase.
27) Q.Whatmakesthemortgagereleaselegal?A. EveryindividualhasaTILARightofRescissionrecoursethatisself-enforcing.The
processbeginswiththeconsumersnoticetothebankthatheorsheisrescindingthe transaction. By operation of law, the security interest and promissory noteautomaticallybecomesvoidandtheconsumerisrelievedofanyobligationtopayany finance or other charges. Ultimately, the TILA rescission not only cancels asecurityinterestinthepropertybutitalsocancelsanyliability.Allactionswetakehavebeenresearchedandbackedbystatutes,rightsandlaw.
28) Q.ShouldIpursuealoanmodificationorshortsale?A. Aloanmodificationoccurswhenalenderagreestochangeoneormorepartsoftheloantermsinordertomaketheloanmoreaffordabletotheborrower(whilestillbeingable topay the lender).The loanmodification isbest suited for borrowerswho are behind on their mortgage but have a plan for repaying their debts.Generally speaking, a loan modification candidate had a specific incident oroccurrence that has caused them to be behind and is curable. The curability issignificant.Withoutit,thelenderwillbeunlikelytoagreetonewterms.Mostloanmodificationsdonotgetapprovedandthatistheproblemwiththisstrategy.
Shortsalesaremoreappropriateforborrowerswhoaremostlyhopelessforbeing
abletoaffordtheirmortgage.Thismayhappenduetoalong-termjobloss,extendedillness,divorce,ordeathofapartner.Abankismorelikelytoagreetoashortsaleiftheborrowerhasmadeeveryefforttorepaythedebtandtoselltheproperty.Thelenderwants tosee aneffort for the propertytobesold for themost amount ofmoneypossible.Lendersliketoseethepropertylistedwithareputablerealestatecompanysotheyknowthesellerhasdoneeverythingpossibletocuretheproblem.Yet,mostshortsalesdonotgetapproved.
ThefactsarethatbothoftheseoptionsshouldbeexploredifyouQUALIFYforthem.Theonebigcatchisthatthelendershavethefinalsayontheapprovalofaloanmodificationorshortsalewhichdoesnotgiveyoucontrol.Amortgagereleasewill
trump any of these bank approved options and give you peace of mind ofeliminatingyourmortgageforgood.ThekeyisthatyouareinCONTROL.Togetherwiththerightteam,youcansaveyourhomeandprotectyourasset.
29) Q.CanIgetacopyofallthepaperwork?
A. No.Youcangetitafteryouarequalifiedandapprovedforourprogram.
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30) Q. This sounds like a great program to help people, how do you work withsomeonewhowouldliketoaffiliatewithyourcompany?A. Usually,weliketo seeyouuseourservicesfirst tounderstandhow itcanbenefit
you.Onceyouseehowthisworkspersonally,thenyoucanstartreferringclientsto
usforacommission.Andonceyouhaveproventousthatyouareseriousabouttheopportunity,thenyoucanbecomeanAffiliatewithourcompanyandwecanhelpyourclientswithvarioussolutionsbasedontheirsituation.Pleasecallouroffices,andwecangiveyoumoreinformationaboutourReferralandAffiliateprograms.
31) Q.Soundstoogoodtobetrue?
A.Yes,soundsunbelievableright?Thatiswhywedidsomuchresearchtogiveyouthefactsinthisspecialreport.Youcanlookupalloftheselawsandstatuesyourselftoverifythevalidityofthesefacts.Here'sthebottomline:assimpleasitwasforyoutosign documents to get a loan, it will be as simple as you signing documents toreleasethatloan/liability.Ifyoudoyourresearchabouteverythingwementioned
inthisspecialreport,youwillbeamazedatwhatyoudidnotknow.A simple example is a cost of a flight to a destination; everyone is pretty muchpayingthesamepricefortheflight(givenallthingsbeingequalsuchaswhentheybooked the flight, coach, no frills, etc); however if you know of a website withspecials,discountsandpromotions,youcangettheticketforalmosthalfthecostoftheotherseatsbookedonthesameplane.Thepersonthatpaidfortheticketatareducedpricehadtheprivyinformationwhile95%ofthepopulationdidnot.Mostpeopledon'thavemanyoptionsandtheoptionstheydohavefavorthelenders.
32) Q.Whatifyoucan'tgetridofmymortgageorreleaseit?
A. Therearemanystrategiesweuseandthatisthegoodthingaboutwhatwedo.Weare not justa 'one style/one colorshop',wehavemultiplestrategies tohelpourclients. If we can't release your lien then we canmost likely place a lien on thelenderforfraudandyoucangetajudgment.ThejudgmentgetsfiledintheFederalCourtsystemsoit'sperfectlylegalaslongasyoudoitrightandyouhavetherightteamdoingitforyou.Then,yourjudgmentcanbemonetizedandtheproceedsfromyourjudgmentwillgotoyouandyoucanpayyourbank/lenderinfull.
33) Q. Can Iuseyour special report as aguideanddomy ownresearch to do this
myself?A.There are so many factors of each client's case that will make most people
confusedbeyondmadnessbecausesituationsoncaseschangeall thetimeand it's notalwayscookiecutterhoweachcaseishandled.Andmostimportantly,youmay not have all the ingredients to be successful at this process. These variables include having the advice, experience, knowledge, technology, team, expertise, resources,network,association,funding,andmuchmore.Thus,tryingthisonyour ownorevenwiththehelpofsomeoneyouthinkmayknow(likeafriendorattorney withlimitedknowledgeofthesematters)couldleadtoverydireconsequences.
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34) Q:Shouldn'tIbeconcernedthatIamcrossingtheethicsandmoralissuewithamortgagerelease? Somepeoplemaywonder,anditcanbecauseforconcern,abouttheprocessyouaresuggestingisthatwhenanapplicantaskedforacreditcard,thatapplicantpromisedhe/shewouldpayitback.Whensomeonetakesoutamortgageto
buyahouse,thatpersonpromisedtopayitback.Peopleliketokeeptheirpromisesandtostayinhonor.Wouldonebegettinga'freehouse'?Whatifeveryonedoesthis,willwehaveafinancialmeltdown?
A.Thisisasummary,butitisvitaltograsptheissueswhichareactuallymorethanlifeanddeathinscope.Thishasapowerfulspiritualdimensionaswell.
You have been convinced that you borrowed, therefore you owe. But you areassumingavoluntaryservitudethatisnotrequiredofyoubylawandyouwerenotinformed of this by the responsible party. There has not been disclosure of thematerialfactsbythebankorcreditcardcompanyandtheyhadnothingtogiveinreturn.Theyconvincedyou togivethemthe titleto thepropertyinexchangefor
your own credit. It is not the bank's money that bought the house. You did notreceivevaluefromthem.Yourownpromissorynotesuppliedthecredit.Inreturnforyourcredittheyrentitbacktoyoufor30yearsandholdtitleforhavingsuppliednothingtothetransaction.Furthermore,yourpromissorynotewaseventuallysoldmultiple timeswithout your permission or knowledge even though it belongs toyou.Inmonetizingyourpromissorynote,thebankincreaseditswealthby9timesthe note and subsequently demands that you pay back the principal plusinterest....onyourowncredit.
Yournotecreatedmoneyforthemandyetyoukeeppayingandpaying.Thebillofexchangeyouobtainforthe$120,000mortgageisworth$1,080,000tothebankbymonetizingitonthediscountmarket.Asa"thankyou"fortheprivilegeofusingyour
promissorynoteto vastly increaseitsownassets, thebankwishes foryou topaybackthe$120,000youcreatedwithyourcreditplusinterest,whichover30yearswouldnearlytriplethecostofthemortgageANDyougavethemthecollateralofthehousethatyoualreadypaidforwithyourpromissorynote.
Inourdebtelimination process there isnorenegingon contract for two reasons.First,thedebtisdischargedbyasuretybondandbillofexchangefollowingexistingstatutesandadministrativeprocedures. Secondly,therewas nocontractfromthebeginning.A"mortgage"isnotacontractjustastheConstitutionisnotacontract.Acontractrequirestwo(2)ormoreparties(OfferorandOfferee)who,atthetimeofits execution or adoption, covenanted to be bound by it as evidenced by the
signature(s).
Thepracticedpatternofthe"mortgage"lendingindustry,andtheirwellpublicizedactivities,provesbeyondashadowofadoubt,that:(1)every"MortgageLender"didintentionally obtain their customers promissory notes, by non-disclosure,concealmentandsuppressionofthematerialfact;(2)thatthemortgagelenderwasnotriskinganyoftheirownassetsinthetransaction,and,(3)thatthe"Lender"didintentionally obtain their customers notes by concerted action, which would
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accomplish the unlawful things described herein, with full knowledge of the endresultsoftheirindividualparticipation.Inajustsociety,theywouldbechargedwithfraud,larcenyandconspiracytodefraud(RICO).Iwillexplain:
A "Mortgage Lender" is not a party to a mortgage under the laws ofcontract. No agent/principal for the mortgage lender will sign a mortgagecontract. Thereason forthemissing signature isbecause theagent/principal isfully aware that the mortgage lender is not tendering any consideration in thetransaction. Therefore, having provided no consideration and having given noindication of any desire to participate as a party to the contract by signing thecontract,neitherthemortgagelendernoranyotherthirdpartywhomayacquirethemortgage, has any legalauthority to impose the termsof themortgage. Thecontractfailsforlackofconsideration.
Thereisnopowerofattorneyinthemortgagegrantingthemortgagelender
the legal right to use the individual's promissory note for the mortgagelender's personal financial gain, without compensating the maker of the
note.Thereisnowrittengrantedauthority,ordisclosureinthemortgageforthemortgagelender,oranyotherparty,to"pool","encumber","pledge","hypothecate",ortradetheindividualpromissorynoteonthesecondarymarketwherealltradesare cleared by the Federal Reserve and are trades "off the books withoutcompensatingthemaker.
You,themakerofthenoteinthemortgage"contract"havemadenoappointmentofrepresentativestatustoanyagent/principalofthemortgagelender.Afterobtainingthe note, the non-authorized actions of the mortgage lender concerning the
individualpromissorynotecreatesimpliedobligationsforthemakertoundisclosedandunknownpartiestotheoriginaltransaction.
Ifthemortgagewereacontract,thenthemortgagelenderwouldhavehadtotenderconsiderationandpossesstheoriginalunmarkedandunalterednoteinordertosellthenoteorenforcethecontract.Otherwisethecontractis"voidable".
When the mortgage lender obtains the customer's promissory note withoutconsideration, they have committed an act of "Constructive Fraud" by acts ofconcealmentofmaterialfacts.TheseactsofconcealmentofmaterialfactsestablishaBreachofContract,sincethemortgagelenderhasalegaldutytoactingoodfaith
anddiscloseallmaterialfactsrelativetothetransaction.
Having obtained the customer's promissory note by Constructive Fraud, themortgagelenderisnotjustifiedby"impliedconsent"toenforcethecontract,asthatconsent, implied or otherwise, cannot be given under a cloud of non-disclosure,concealmentandsuppressionofmaterialfacts,orastateofduress.Doyouthinkthebankholdsthemoralpositionhere?
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If the sovereign has the rights ofsovereigntyoverhimself andhis property, theneachiscapableofenteringintoasocialcontract.Butbytheuseofmortgage,thosewhoaresovereignaredeceivedintousebyprivilege,ofwhattheythinktheypossessbyright.Aprivilegeisgrantedbyanauthority,whereasarightisanaturalheritage
implyingownership. Because the 14th
Amendment to the Constitution has placedthe sovereign under the protection of the United States CORPORATION whichadministers the District of Columbia and all other Federal territories andpossessions,themortgagelender,thelawyerandthejudgetakeadvantageofthesovereignundertheundisclosedconceptthattheindividualisaperpetualchildwhoisincompetent,awardof the State, andnot legallycapableofentering intoANYcontract,whileyetenforcinganimpliedcontract.
But,acontractcreatesthelaw.Therefore,acontractisalivingbodyoflawandisanagreementmadebetweenlivingpeople.Whenacontractssponsorsandpromotersreducetoadocumentwordsandtermsthatconveyprivilegesandauthoritywhich
those sponsorsand promoters have no rightor lack the capacity to convey, it isillegal.
There'smuchmore that demonstrates that yourmoral issue is rather toupholdyourrighttobeconsideredasovereignratherthanasubject.Atthemomentyouareconsidered before the law to be incompetent and in need of caretaking. Youremployees,theseverallevelsofgovernment,havetakenwithoutpermissionyoursubstancetobecollateralforthedebttheyvecreated.
Since you have not taken the position that you are capable of acceptingresponsibility,youaretreatedasthoughyouwereirresponsible.Theypresumethat
since you have not takencontrol of your own affairs, you are content to remainundertheircare.Somorally,toavoidthisissueyouarepermittingthegovernmentsto usurp power from you and collectively from all other sovereigns who do notknowtheyhavelosttheirstatusunderaconstitutionalrepublic.Bydefaultyouandall otherswho are unawarehave created the impending dictatorship by inaction.Hereisamoralpositionthatcannotbeoverlooked.
Since1933,theUShasbeenbankruptandmoneyisno longeravailablebutforthedebtinstrumentsthat,whenusedtorepaydebt,actuallyincreasethenationaldebt.Having withdrawn substance for commerce, only the government can extinguishourdebts.Thatistheactionofthesuretybondandabillofexchangeinstrumentto
dischargeyourdebts.
Furthermore,by"switchingchairs"withyou,themortgagormanagestobecometheacceptorofyourofferandendsupholdingthecontractinduecourse...meaning,asholdertheyretaintherightofownershipwhereasyouobtaintheprivilegeofitsuse!Whentitleisregistered,thetrueowneroftheproperty--car,house,boat,etc.--isthestate.Thereforeyoumustpayrenttothefeudallordwhoownsthepropertyto
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whichyouhaveacquiredtheprivilegeofitsuse--taxes,licensefees,etc.YouownnothingandretainprivilegeatthesufferanceoftheState.
Doyounotetheimmoralityofthesystem?Thisisthesystemyousupportbynon-
action, andestablishing your rights toyourown substancewhichhas been takenfromyouwithoutyourknowledgeorpermissionisthebeginningoftakingbackthepoweryou inadvertently let slipaway.Not your fault. The schools,attorneys, themedia,thegovernment,thebanksdonotprovideyouwiththeinformationtomakeaninformeddecision. Thatdoesnot diminishyourown responsibility tobecomeinformed.Nowyouhaveaclearerideaofwhatthestakesare,youunderstandsomeoftheconsequencesofbeinguninformed,andyouhavethechoiceofpretendingyoudon'tknowordoingsomethingaboutwhatyounowknow.
Intheend,alldecisionsneedtobemadebyYOUandonlyyou.ThatiswhyweputsomuchtimeandresourcesintoputtingtogetheracomprehensiveSpecialReport
tohelpyouanswermost,ifnotall,questionsregardingthemortgagerelease.Afterall the facts are given, the decision is yours to make and when you make thatdecision,picktheonethatallowsyoutosleepatnightwithfull'peaceofmind'.
WhyLoanModificationIsNotInYourFavor
Yourmortgagecurrentlydoesnotreflectthetermsyouoriginallysignedandagreed
to. Due to securitization, the termsofyour loanasbeingenforcedcurrently, have beenmodifiedwithoutyourpermission.Inmanycases,homeownershavebeenchargedfeesnotauthorizedbyoriginaltermsofmortgage.
ThepartyyoupayyourpaymentstoMORETHANLIKELYdoesNOTownyournote. Whenaloanissecuritized,thenoteisdestroyedandthedeedoftrustisgiventoanotherpartyandpaymentsareassignedtoathirdpartywhomyoumakeyourpaymentsto.Everytimeamortgageistransferred,documentsarerequired,sameasacar,house,
or any other asset. In some cases, original documents are available to confirm theexistenceofthedebt,howeverifthedebtwassold,transferred,orcollateralizedwithotherpoolsofloans,itmustbedeterminedifthereareanyotherclaimsorpartiesthatmayhaveclaims,priortoanyforeclosurebeingcomplete.Theremustbeaproperchainofownershipinordertoconfirmtheclaimsofthepartiesinvolved.
There exists RAMPANT FRAUD in the bubbles of real estate, mortgage, andWallStreet securities. From real estate valuation, to the sales terms, mortgage terms, anddocumentation to underwriting, there are countless examples of negligence, fraud,deceptivepractices,predatorylendingandmanyothercrimesthathaveequallycountlessvictims.Manyofthesevictimsareseeminglyunawareofthesecrimes,andarelosingtheirhomesenmasse.WallStreethasonlybeentheconduitfortherealestateindustrybubblecreatedfrom2001-2007.
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ThecourtshaveupheldthataDeedofTrustandamortgagenoteCANNOTbetraded
orsoldseparately. FederalandStatecourtshaveupheldthatthepowerofsalecannotbeconferred separately from the ownership of the debt itself. Most foreclosures areconductedbyatrusteewhohasbeeninstructedtodosobypartiesthatdonotownthe
note/debtitself.
MostmortgagenoteshavebeensoldortradedseparatelyfromtheirDeedofTrust.ThisistrueforamajorityofmortgageloansintheUnitedStates.Ifyourmortgagehappenstobeoneofthosethathasbeenheldasaportfolioloanandhasnotbeensecuritizedorsold, there are many other claims that you may have to defend against foreclosure,includingbutnotlimitedto,itemslistedin#6above.
Your original eocuments have more than likely been destroyed intentionally or
otherwise. It is much cheaper to store documents digitally than to store the physicalcopies. Due to this fact, most mortgage documents are scanned and destroyed by the
original lender.Othertimes, theyare lostordestroyedintentionallywhere partieshavecollected on claims of insurance policies in effect to cover against such losses. Mostmortgagedocumentsarejustnotavailable.OriginaldocumentsareREQUIREDin foreclosureassolemethod toverify validity
and authenticity. Courts in Federal and State jurisdictions have upheld that originaldocuments must be provided in order to validate and authenticate the claims, whendisputedbyanyofthepartiesinvolved.Originatinglendersandbrokersofmortgagesareoutofbusiness,leavingnotrailof
documentsto verify. Itistruethatupontheburstingofthis"bubble"inthesummerof
2007,morethan300lendersquicklyshuttheirdoorsovera3monthperiod,destroyingtheirrecords,documents,andpapertrails.Inmanycasesthisleftacloudofdoubtoverthetitleandthetrueownershipofthedebtthatshouldbedisputedforclarification.
MostbanksandpartiesconductingforeclosuresareNOTauthorizedbylawtodoso,
andcanbebeatattheirowngamebydisputingthevalidityofthedebt!
ServicingoftheLoan
ThisinformationwastakenfromaMERSlawsuitwonbytheplaintiff.
Servicing refers to the collection of the monthly payments for each mortgage, and asearlier noted, the general management of the loans. The servicers are contractuallyobligatedtoactintheinterestsoftheinvestorsviathePoolingandServicingAgreement(PSA).EveryPSAnamesamasterservicerandotherservicers.Theyaretheentitiestaskedwiththecollectionofpayments.Responsibilitiesinclude:collectthemonthlypaymentsoneach loan; keep accurate payment history records; track payments and segregate withdifferent Trusts for which the servicer collects; makemonthly payments to the Trusts;engageincollectioneffortsforloansnotbeingrepaid;attempttoresolvecollectionissues
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vialoanmodifications, forbearance,orotherworkoutagreementtactics;authorizeshortsalesordeedinlieuofforeclosure;initiateforeclosureproceedings.
Theservicerhassignificantdutiesrelatedtoloanmanagement.Itwouldappearthattherewould be significant reason to engage in loan modifications or principal reductions toensure loan repayment over foreclosures. But actually, the servicer has no incentive toengage in such actions and in this case did not in direct violation of Civil Code section2923.5.The servicerdid not engage inanyeffort because the servicerhas nobeneficialinterestinthenote,sothereisnourgentdemandforanythingbutforeclosure.
Whenthepaymentsweremissed,theservicerhadtoadvancethepaymentstotheTrustwithitsownfunds.Theonlywaytorecoupthesefundsisthroughforeclosure,sincethePSAdoesnotallowforrecoupmentinanyothermanner.(Theservicerstopsmakingtheseadvancesonlywhenitisdeterminedthatthemoneyisnotrecoverable.)
TheservicerwaspaidonthetotaldollaramountoftheServicingPortfoliofortheTrust.
Authorizingaprincipalreductionwouldreducethetotaldollaramountoftheportfolio,sothe servicerwould receive lessmonthly income. Further, a percentage payment on theunpaidprincipalbalanceofthepoolisthesinglelargestsourceofincomefortheservicer.
Undertherulespromulgatedbythecreditratingagenciesandbondinsurers,theservicerwouldbedelayedinrecoveringtheadvanceswhentheydoamodification,butnotwhentheyforeclose.StallingforeclosuresmeansthattheServicingPortfolioincreasesmonthly,resultinginincreasedservicingfees.
Performing loanmodification wouldcost the servicerupfrontmonies in fixedoverheadcosts, including staffingandphysical infrastructure, plusout-of-pocketexpenses suchas
propertyvaluationandfinancingcosts.Thepost-hocreimbursementfortheindividualloanmodificationsofferedbyMakingHomeAffordable and other programs was not sufficient to induce the servicer to alter theirexistingbusinessmodel.TheQuarterlyReporttoCongressissuedbytheOfficeofInspectorGeneral for the Troubled Asset Relief Program, underHAMP and its related programs,reportsthatTreasurysignedagreements,calledServicerParticipationAgreements(SPAs)with145servicersasofOctober3,2010.Ofthe$29.9billionobligatedtotheseservicersunder their SPAs, $483.3 million was spent as of that date on completing permanentmodificationoffirstliens.
Ofthecombinedamountofincentivepayments,approximately$268millionwenttopay
servicerincentives,$164.9millionwenttopayinvestorincentives,and$52millionwenttopayborrowerincentives.
Theservicercollectsadditionalfeesfromlatepayments,foreclosureactions,andnumerousjunkfeesthattheyaddtothehomeownersaccount.
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TheSPAdoesnotallowformodificationunlesstheservicerbuysbacktheloanfromtheinvestoratthebalancedue,whichtheservicerwontdosincetheloanisindefaultandthehomeisworthlessthantheloan.Buyingbacktheloanwouldmeanalossfortheservicer.
The primarymortgage insurance on the loanmeant that no loss occurs in the eventofforeclosure.
Creditdefaultswapswouldpaynotjustlosses,butaboveandbeyondlosses.UsingtheseformsofInsurance,forinstance,a$2premiumcanbepaidtoinsure$100indebt.
Forthesereasons,theservicerdidnotengageinanymeaningfuleffortatloanmodificationdespitethestatutorymandateinthestateofCaliforniaandfalsifiedtheirclaimunderCivilCodeSection2923.5.
TheForeclosureProcessWasUnlawful
TheoriginalmortgagewasexecutedonDecember15,2006.ThebeneficiaryandmortgageeisMERSandthelenderisGreenPointMortgageFunding,Inc.MarinConveyancingCorp.isthe trustee according to the Deed of Trust and themortgage allows for the Trustee toinvoke the statutory power of sale. The SPA contained in the caveat states that themortgageinstrumentmustbedulyexecutedandfullyenforceable.
Thenotestatesthatthelendermaytransferthenoteandthenenderoranyonewhotakesthenotebytransferandwhoisentitledtoreceivepaymentsunderthisnoteiscalledthenoteholder.TheactualnoteholderisunknownatthistimeandwhetherornotMERShasanyauthoritytoactastheagentofthecurrentnoteholderisunknown.
Section131(g)oftheTruthinLendingAct(15USCSec.1640)(TILA)wasamendedonMay
19,2009,toincludeanewprovisionrequiringtheassigneeofamortgageloantonotifyaconsumerborrowerthattheloanhasbeentransferred.Section131(g)requiresthe