Unsealed court-settlement documents reveal banks stole $trillions' worth of houses

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137. Squinch, I’ve been researching mortgage/foreclosure/securities fraud on a daily basis

for over 4 years and it appears that my posts must betray those activities.

You asked a very good question, “don't the botched transfers of title take place regardless of whether the home is in any kind of default?”

Yes, that’s why this is a Title crisis not simply a foreclosure crisis. These are homeowners’ issues.

Within 90 days of the signing of the mortgage contract, there should have been an Assignment of Mortgage filed in the land records in the name of some strange sounding Trust. In 4 years of research, I have yet to uncover a single instance where securities law was followed. I’ve seen no evidence to indicate that the banksters lawfully created any mortgage backed securities, only unlawful non-mortgage backed securities.

That securities fraud is directly connected to the property Titles of millions of homeowners here on Main Street.

In a securitized mortgage, there are other parties in addition to the homeowner, who by contract are obligated to pay against the loan. The homeowner is not provided a full accounting of the loan, and outside of a lawsuit, has no means to determine the actual status and balance of the loan.

Yes, you are correct in that by simply looking at the homeowner payment history, it can’t be determined that the home should be taken from a homeowner.

Only the owner and holder of the Note in due course, has standing to foreclosure on a property. That party rarely appears in a foreclosure lawsuit as a Plaintiff. And when they do appear in court, all law should have been followed. Depending upon the law that was violated, even then they may not be able to successfully foreclosure. Law dictates the right way to collect a debt.

Most people have only an understanding of traditional mortgages and lack an understanding of complex securitized mortgages which are extremely different. Homeowners know they sat down, signed documents and created a debt, but they have no idea what happened to the debt they created or what happened to their property Titles.

Whenever I research in the land records, I am sickened. The banksters have despoiled our land records system and we are a nation of clouded Titles. It will take generations to restore the system.

I appreciate your good wishes. I really hope my lawsuit can help other homeowners. In a month or two I hope to post an update, once I get the “okay.” The banksters ignored so many laws, which are actually on the side of homeowners in this fight.