Tag Archives: MBS

Does this sound about right….

Does this sound about right….

This following is one of the most common stories throughout the United States that you will hear when discussing someone's personal foreclosure story .

“… all of this started with the servicer telling us to stop payments to make sure we would be in a better position for a modification.  We were current on our mortgage, however, were discussing our personal financial issues that we saw coming up on the horizon for us that concerned us and we were trying to make arrangements.”  The servicer tells a homeowner to go behind if they wish to obtain any government sponsored relief.  Homeowner goes behind and is now in default.  A judicial foreclosure or a non-judicial foreclosure begins.

The Servicer immediately cashes a credit default swap for some percentage of the mortgage balance and has some split with the investor.  Then they send 10 or 15 sets of mortgage modification applications to the homeowner and collect payments of $300 ea under their HAMP servicing agreement with the fed.  Then they offer a trial modification to the homeowner and promise that it will convert to a permanent mod if the homeowner makes all of their payments on time.  The bank loses the paperwork 3 or 4 times and charges the fed each time they process a new application and charges the fed again for sending the 3 new applicatons to the homeowner.  Less than 3% of the time. the homeowner is approved for the temporary modification and starts paying the narrowly reduced payments while the servicer dual tracks the homeowner for foreclosure and hires LPS, the parent company to LSI Title to file some fraudulent assignments in the name of the deceased bank the servicer bought the servicing rights from (countrywide, world savings, indymac, whoever).

The servicer shoplifts the temporary payments while the homeowner thinks they are going to the MBS towards P&I thus putting the homeowner further behind and fucking their own MBS investor. The servicer gets paid a fee by the fed for servicing the temporary mod under their HAMP servicing agreement. The servicer denies the modification and forecloses on the property and collects a fee from the investor for servicing the foreclosure and collects an 80% FDIC loss share payment from the FDIC which it splits with the investor. The house is sold, and as in our case to a company that buys foreclosure properties in bulk for less that their retail value which is done to manipulate the real estate market, and the investor recovers the reo value less the banks reo sale fee.  The company that buys the foreclosed property works with the servicers in order to manipulate the market as a whole.  The Non Judicial foreclosure process is a fast food style of law where the Unlawful Detainers get stream lined and rubber stamped by the Judges because the Judges are making a profit on each property in the process as a percentage to look away.

The only reason any of this could take place is due to the fact that the Legislation changed the Servicing powers and the ability to transfer the Trusteeship of the Deed of Trust.  The Registrars and everyone else mistook this legislation to mean that the Trustees can be reassigned by the Beneficiary or Servicer and possess the rights of the primary Trustee named on the Deed of Trust that was originally signed by all parties.

The illegal government rubber-stamped dismantling of the middle class. How can you ever stop a ruling class from doing something that is this lucrative???

* * * * * * * * * *

I welcome those reading my story. I appreciate all of the emails I have been receiving. I also appreciate those who have registered and subscribe to this blog. If you have come from Facebook please comment on this site, rather than any Facebook post of this page due to the fact that there are many readers who are not part of Facebook forums, or even Facebook itself. I encourage all readers to put their comments on this site so that all of the information will be accessible to all readers from all parts of the internet. I urge you to join this site and receive the RSS feed, or bookmarking us, sharing us with your friends on Facebook and Twitter. If you know of anyone who might benefit from this information I urge you to pass on this website address! Share and let’s make some change together!

Thank you for stopping by.

SiteLock

©2014-2018 Doug Boggs All Rights Reserved

How do I win in a corrupt court?

“How do I win in a corrupt court?”  I get this question a lot.  There are many messages and inquiries from people from all over the United States regarding this issue, so everyone must understand that the courts are not on the side of the people, but the corporations.  This is clear, evident and statistically true.  Does this mean that the courts, staff, and judges are taking bribes?  Perhaps, and in numerous cases around the country this has been found out to be true.

Could it not be corruption and simply that courts are ignorant to the issues?  That may have been the case in 2008, but many years and court cases have crossed the judicial benches over the years to which I no longer believe that judges are ignorant to the fraudulent issues that are plaguing the foreclosure industry any longer.  They are simply being paid off to look the other way.

In order to take on any party within the confined walls of Just US, I mean justice, you must have all of your evidence and claims of action detailed and complete.   If the courts tend to side with a bank (and this is the case across the nation) despite the bank having any of the legitimate documents, or use forgeries, or are not compliant with the rules of law, yet still win, one must understand that in order to take on these corrupt systems on you must have much more detailed information than the other party and you must be able to argue this information appropriately in the court of law.

I received this email the other day and wanted to share it with you, and my response:

 

 

June 29, 2016

EMAIL:

Today I attended a trial for my UD against my eviction. this is a long story but this lawyer who said he represented bank of new york mellon and the bank bought my house in foreclosure by sls and shapiro law firm i am finding that all of them conspire DAKOTA COUNTY IS FULL OF CORRUPT KNOW-NOTHING DIRTBAGS. LED BY THE BIGGEST ONE OF ALL… THE COUNTY ATTORNEYS OFFICE SHOULD BE SHUT DOWN PERMANENTLY FOR VIOLATING PEOPLE’S CIVIL RIGHTS UNDER THE COLOR OF LAW.

How do I win in a corrupt court?

 

RESPONSE:

That is a very good question.  The courts are indeed corrupt and complicit.  Some are simply ignorant.  Yet, there are some judges who are attempting to find truth.  It is certainly the luck of the draw.  Winning in a corrupt court is something that takes time, effort, patience, perseverance, courage and tenacity.  If you find corruption in the court you can file against the judge for judicial review,  You can also file a claim at the Bar association.  Remember, upon doing so you are entering the “good ole boys club” to which all of them watch eachother’s back.  Some of these filings cannot be done in Pro Per or Pro Se.  They must be filed by an attorney and member of the bar.  Also, many of those do not want to file these things as it will then label them as being against the system, the status quo.

New York Mellon is one of the largest and most corrupt banks in this whole fraud.  They are one of the most used financial institutions for when the note gets to the Securitization stage.  Nearly 99% of ALL notes that were Securitized were done so illegally.  No court has really addressed this issue.  ALL of the SEC rules are necessary to be followed.  ALL rules of the Pooling and Servicing agreement must be followed.  Due to all of these rules, there is an over 99% chance that any loan that was Securitized was done so incorrectly, and is therefore VOID.  In order to really wrap your mind around this information and evidence you must do a Securitization Audit.  If this is something you are interested in, we can assist you with this action.

In this package of material that comes with the audit includes all of the documents needed to file a multiple count (usually as many as twelve counts) complaint against the parties you are referring to, and others that might show up.  This package includes the legal documents necessary to file the actions in Federal Court.  It also includes a Lis Pendens(if necessary), expert testimony and affidavits for testimony, and more.  These are completed by licensed attorneys and are ready to file.  If you need access and in court testimony from the expert witness, this is also available for an additional charge(of course).  But, this package is designed to open a claim of action against the defendants for what you have experienced.  You can give these documents to your own attorney, who can add whatever other points and legal references they might to include.  This detailed Securitization trail usually finds that your note was Secured in a way that is done illegally and is therefore VOID.  This package, which includes the audit information, the complete legal claim of actions, and all of the legal documents to file in court costs $2995.00.

 

I hope that this might be of assistance.  I wish you good luck in your venture.

 

Doug Boggs
Foreclosure expert
Author – “A Quantum of Justice”
Blogger – mycourthistory.com

 

NOTE: None of this information contained herein is to be used as legal
advice.  The author of this is not a licensed attorney and does not claim
to be.  This is for informational purpose only.  Any individual using any
information herein is advised to consult a licensed attorney.

 

 

* * * * * * * * * *

I welcome those reading my story. I appreciate all of the emails I have been receiving. I also appreciate those who have registered and subscribe to this blog. If you have come from Facebook please comment on this site, rather than any Facebook post of this page due to the fact that there are many readers who are not part of Facebook forums, or even Facebook itself. I encourage all readers to put their comments on this site so that all of the information will be accessible to all readers from all parts of the internet. I urge you to join this site and receive the RSS feed, or bookmarking us, sharing us with your friends on Facebook and Twitter. If you know of anyone who might benefit from this information I urge you to pass on this website address! Share and let’s make some change together!

Thank you for stopping by.

SiteLock

©2014-2017 Doug Boggs All Rights Reserved