Posted on July 15, 2011 by Neil Garfield
You guys have kept me going on this. The closest estimate is that we have some 100,000 pages of resource material — for free — on this blog. Thanks to readers who kept me in the loop I can say there have been tens of thousands of cases in which the homeowner has stayed in their home, eliminated or vastly reduced their debt and restored their dignity. I get letters every day that I can’t publish telling me that they used the material on this blog (thanks to all the contributors) and that everything looked bleak until the eve of trial when they received a settlement offer they could not refuse. They can’t tell me the terms but they are VERY pleased.
A FREE HOUSE? THAT HAS ALREADY BEEN ESTABLISHED. A FREE HOUSE IS GOING TO GO TO SOMEONE — EITHER THE HOMEOWNER OR A PRETENDER LENDER WITH SOME FANCY SOUNDING NAME. BUT IF IT GOES TO THE HOMEOWNER IT ISN’T FREE BECAUSE EVERY HOMEOWNER HAS SOME MONEY INTO THE HOUSE AND PUT THEIR LIVES ON THE LINE. THE PRETENDERS ARE NOTHING BUT SHARKS EATING WHAT IS FLOATING IN THE WATER.
My job is far from done. There are 20 million active mortgages that in my opinion are factually and probably legally defective. There are close to 100 million transactions involving securitized mortgages that were originated, refinanced or supposedly satisfied where the parties, amounts, and satisfactions were false and defective — wild deeds in effect. The megabanks intend to keep their place at the top even if it means lying to everyone and forcing them to believe it. They publish financial statements that are entirely false as to presenting a true picture of the the bank on any given date because they assume the mortgages and mortgage bonds and other “hedge” or synthetic products have a value. They don’t. So on any given day where the equities of these megabanks are traded, the traders are using false information and taking risks they do not know exist.
The entire title system of all 50 states has been corrupted and the only way of truly correcting it using due process is to get the signature of either a homeowner (past, present or future) or a judge who will declare the status of title. Hedge fund managers see the opportunity and are getting ready to create and trade in securities heretofore nonexistent but brought to reality through circumstances created by the banks.
At this point in time, I don’t believe that a single “securitized” loan was ever securitized in fact and I don’t believe that a single foreclosure ever conducted involving a “securitized” loan is valid. I believe that every deed issued from such a foreclosure is a wild deed as worthless as a deed to the Golden Gate Bridge. All of them can be overturned and the legal title, in my opinion, has remained and will always remain in the name of the homeowner even if they think they were foreclosed and the house sold.
Increasing numbers of ex-homeowners have made this realization and have overturned judgments of eviction, unlawful detainer, foreclosure and sale. Right now the number of people is rising, contesting the rights of so-called “creditors” who are nothing but pretender lenders, but we still have 95% of people who get their notice of default and notice of sale who simply leave their home on the mistaken belief that they failed to pay a debt that was due. The debt, in my opinion, was not and never was due to the people who gave notice of default and notice of foreclosure and sale. The only creditor was the investor who has chosen to rip into the investment bankers who created this mess rather than fight with innocent homeowners.
SO I will continue on, and making a little bit more of a dent every day. With your help, support, comments and contributions we have made this the largest resource on the internet by far. Now it is time to turn it up a notch as we become the largest factor in the marketplace and start using economic power and the power of numbers to turn back the tide of bank fraud committed on every citizen of this country (and other countries), every homeowner and every taxpayer. Our government has been held hostage by the banks. Now it’s our turn.
The true patriots are the ones who support, promote, encourage and actually fight the fight. The true moral high ground lies with those who challenge injustice and won’t pay a debt that has already been paid several times over. Why should our precious wealth be given to banks as though they were entitled to it?