MORE EMPTY TRUSTS. This time, it's Deutsche Bank
Royal Park Investments v. Deutsche Bank
Excerpt at 440: The need to fabricate or fraudulently alter mortgage assignment documentation provides compelling evidence
that, in many cases, title to the mortgages backing the certificates
plaintiff purchased was never properly or timely transferred. In fact,
plaintiff has conducted investigations on the loans underlying several
of the offerings at issue herein to determine whether the loans were
properly transferred to the trusts. In each case investigated, the vast
majority of loans
underlying the offerings were not properly or timely transferred to the
trusts. (Same law firm as in Phoenix Light below)
MORE EMPTY TRUSTS
Phoenix Light v. JPM, EMC & Bear Stearns
The need to fabricate or fraudulently alter mortgage assignment
documentation provides compelling evidence that, in many cases, title to
the mortgages backing the certificates plaintiffs purchased was never
properly or timely transferred.
Plaintiffs reviewed the
transfer history for 274 loans that were supposed to be timely transferred to this trust. Sixty-six (66)
of the loans were not and have never been transferred to the trust. In addition, several other loans
that were supposed to be transferred to the trust were transferred to entities other than the trust, but
not to the trust. The remainder of the loans (approximately 140) were eventually transferred to the
trust, but all such transfers occurred between 2008 and the present, well beyond the three-month time
period required by the trust documents and far after the three-month period for the trust to maintain
its tax-free REMIC status. In other words, none of the reviewed mortgage loans were timely
transferred to the trust, a 100% failure rate
Promissory Notes Used to Build Houses for Groundhogs -- while American homeowners are being illegally thrown out of their debt-free homes. "After
my brother-in-law died, I inherited a number of boxes filled with
mortgages and stored them under my front porch where groundhogs made a
nest of them."
Counterfeit Fortunes for Criminal Fraudsters and the Wicked Switch of Wall Street
short selling of American mortgages and the counterfeiting that
resulted are responsible for the present threat to homeowner rights.
Dematerialization (computer scanning of mortgage notes) and shredding of
documents have stripped the banks of their security interest in the
loans. All foreclosures need to end until the truth is told.
I personally destroyed thousands of mortgage documents through the same process using a desk-top scanner.
The banks have destroyed their ownership interest (security) in all the
mortgages pre-dating the melt-down and beyond; the pink slip no longer
The banks are involved in a systemic criminal theft-by-deception; they
don't own the loans they are attempting to mine through foreclosure,
refinance, modification, short-sale, deed-in-lieu and reverse mortgage;
in each of these processes they are tricking borrowers into returning
the signatures they destroyed, in some instances, decades ago. - Michael Keane
This is a Five ***** read
Homeowner Can Challenge Mortgage Assignment
basic requirements of standing are that the plaintiff suffered an
injury to a legally cognizable interest and is asserting his own legal
rights rather than those of a third party. See id. at 6. Elesh
unquestionably meets the first requirement; the recorded assignment constitutes a cloud on his title (the injury), and Deutsche Bank recently relied on the assignment to prosecute a foreclosure action against him.
ELESH v. MERS, Deutsche Bank
This is a Five ***** read
It is unforgivable that our own American judges have become
co-conspirators to multiple felonies by taking the affirmative step of
granting facially void judgments to help conceal the banks' use of
counterfeit promissory Notes and other faked documents to steal
trillions of dollars of homes in the United States --- and in plain view
of the U.S. government, law enforcement and the public.
Your Mortgage Documents Might be Fake!
New Fraud Evidence Shows Trillions Of Dollars In Mortgages Have No Owner
evidence of widespread mortgage fraud has recently surfaced.
Researchers looked at just one mortgage lender that was a major player
in the subprime bubble. They found fraudulent misrepresentations of 9
percent of all loans sold off to financial firms seeking to package up
loans into mortgage-backed securities, and in 93 percent of those misrepresentations, the lender knew it was lying about the nature of mortgages it was passing along.
The researchers stress that the actual fraud rate is likely higher, as
they only searched for two specific forms of misrepresentation.
Despite the growing mountain of evidence of fraud in both mortgage
securitization and foreclosures, the federal government’s response has
been feeble. The 2012 settlement has failed to stop bank abuses. A
much-touted program to provide relief to homeowners failed to serve
nearly as many as intended.