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in gold or silver or any assets or even promissory notes or mortgages or any type of investment

and the debt and say, okay, well, the wife gets the house and the mortgage, even though

had bought the house and had the mortgage in his own name all by himself

pay the mortgage too. Well that's just a gentleman's agreement because that has

nothing to do with the contract that that man signed with the mortgage

Okay so Chuck please continue, you were saying something right before the break about this mortgage situation. Yeah about the mortgage situation. Now we, hello. Yeah we're here. Hello. Yep.

Then they have to serve, that invokes the subject matter jurisdiction of the court. Then they have to serve process, that's the summits that has to be served on the person who's the defendant, the person supposed to pay the mortgage.

Chickens and hogs and moved on to cattle You know, they got a mortgage on a piece of property

He went straight to that bank and paid off the whole mortgage, okay

they think is relatively minor, like in Waco where the mortgage company files a petition

You want to play for time because you're trying to negotiate with your mortgage company to

fix the mortgage problem so you won't lose the house.

After the bank or mortgage company

Of the obligation, the mortgager

The mortgager

Because of the subprime mortgage

Mortgages that were done that way

It provides government financing and guarantees for illiquid mortgage-backed junk.

by purging mortgage-backed securities.

when a claim is brought for foreclosure by a bank or mortgage company,

the original mortgage note for your inspection to prove that they have a legitimate claim.

91% of the 8,000 credit unions are reporting greater overall growth in mortgage lending than any other kind of loans.

there is another reason why credit unions avoided the mortgage debacle.

Well, your problem in this, this involved a mortgage.

Of course, their attorney is not, you know, the mortgage company didn't disclose all the facts to their attorney.

you can find on the Securities and Exchange Commission any public traded mortgage,

And that report alone will show that they sold the mortgage to another company.

And that alone is enough information to get rid of somebody's mortgage.

But yet they, you know, they don't disclose all these things when you're having all these mortgage battles.

The mortgage is the contract. If you're going to sue on a contract, you have to produce a contract.

because if they didn't go in and challenge the mortgage company with regards to the fact that they were listed as a debtor

91% of the 8,000 credit unions are reporting greater overall growth in mortgage lending

There is another reason why credit unions avoided the mortgage debacle.

Okay, it relates to mortgages. Okay, some engineers have developed a program. I don't know if you know this, but there was a new law passed because the mortgage companies typically screw everybody that pays the mortgage.

They overbill, overcharge, like the phone companies used to do. Okay, and there was a law passed. I haven't researched the law yet, but it was passed recently, which is it makes it recoverable if you find that a mortgage company has overcharged you.

And some engineers, former IBM engineers, have developed a program now to analyze and detect the overcharges on the mortgages. Wow, that's great.

Yeah, they got to California, but anyway, they're in the process of raising money for the funding of their project, and I'll be getting all the information on the program, and it appears to be something that happens all the time. Okay, basically, apparently, from the information I'm getting, it's like in excess of 90% of all mortgages, the mortgage companies overcharge.

One way to make money is just to pencil it in, and they apparently appear to be doing that, and the more times a mortgage is resold, the more times they add to the fees, or one of the ways they do it is they delay the docking or booking of your payments, or they charge you in excess before the payment happens.

So there appears to be a huge problem that's going to be surfacing in the near future, not just related to the mortgage crisis, but related to the way the mortgage companies are committing crimes against the people.

It looks as though the government may be going after these mortgage holders in order to take the heat off, so they don't have to try to buy these guys out. They can just say, well, we've got all these people losing their houses. They go to the mortgage holder and say, well, you tried to screw this guy, so you don't get to collect the mortgage.

I believe that's going to become a widespread issue in the United States, because just think about some little old lady in her house, and she pays her mortgage faithfully every month and doesn't realize that the mortgage company is using her money to increase, boost their profits.

The mortgage company then sends out these notices saying, oh, by the way, your escrow has gone up this year, or your taxes have gone up this year, or just a variety of different things in order to increase their cash flow so they can leverage the money.

And then the mortgage itself is so complex, it's, for an ordinary person, it's almost impossible for them to be able to calculate all of the costs accurately.

Well, that's why these guys have developed a program to do that, because a person can take their mortgage information into them and they can run it through a sophisticated computer program to determine exactly how much the person was overcharged.

Hey, I'm doing fine. Listen, this is about... I heard Tony Davis talking about this mortgage situation.

And right at that time, I had talked about filing a lawsuit against the mortgage company.

with Russell in Texas and Tony Davis, also here in Texas, about the mortgage scam, fraud,

where they can run your mortgage and prove that almost every single mortgage in the United

And I have one friend that got a college professor to run his mortgage one time, and the college

Okay, the mortgage industry has been one of the leading industries in the United States.

So then the scam became the mortgage companies where they would buy the mortgage and sell

The mortgage company insisted his wife be on the mortgage paperwork.

And then once they can prove the overcharges, then anything the mortgage company does comes

in the district court and claim that they were being overcharged on their mortgage and

make the mortgage company prove up and then produce the original documents, couldn't they?

Russell and Tony are here with us talking about mortgage fraud.

We are here with Tony Davis and Russell from Texas talking about mortgage fraud and what

None of them people would ever challenge a mortgage company, none of them, but yet you

points out all these things about mortgages and trades on how to go in it.

be no need to bail these mortgage companies out and you just nail them for fraud.

Right, and of course, it's kind of funny, and you lose your job, you lose your mortgage,

so I was listening to the mortgage part of this very intently, by the way.

But the thing of it is, is the whole mortgage industry has changed so damn much.

When I got out of college in 1970, my first mortgage payment on a house that probably

All right, Mr. Big Stuff, Mr. Big Banks, Mr. Fraudulent Mortgages.

They are staying over this evening to discuss some mortgage issues, and I believe we have

wanted to tell a story about what is, about situation regarding mortgages in your area.

If somebody buys your mortgage, they had better have that original note.

So if that mortgage company goes before a judge, and we have the case signing from a

property, no mortgage or anything.

Now, in this case, it wasn't a mortgage as such.

Well, that's a mortgage.

No, but anyway, it was mortgages.

It's not that complicated about filling it out, but you send it to your mortgage company

In general, if any servicer of a federally related mortgage loan receives a qualified

And then that company turned around and created a trust somewhere and pooled all those mortgages

You have some information about this mortgage situation?

What we found on some of our research is that what they do is separate the note and mortgage

And they might sell the note to someone and sell the mortgage to somebody else.

And the typical mortgage is sold as many as 20 times.

signatures from the original mortgage as evidence that whoever's trying to foreclose on you

actually owns the mortgage or hasn't.

You said you got one mortgage postponed for 10 years?

that have created a program, and what they have determined is that the mortgage companies

overcharge on almost every single mortgage, and the more that they're sold, the more that

mortgage company actually owes you.

I wanted to handle something on the mortgage and the foreclosures.

If you have a copy of a debt, a mortgage, a note, you have evidence of a debt.

talking about mortgages and just a disclaimer here at Rule of Law Radio.

But at any rate, go ahead, Jeff, talking about the original mortgage notes.

american mortgage v wyman

Now people ask me questions about real estate all the time and about mortgage and child

American Mortgage Corp v. Wayman. Even if the police officer makes a valid and lawful arrest,

to be talking with us about foreclosures, mortgages, and Gary helps people save their

are entering into a dangerous area with their mortgage, if they're concerned that they're

loss mitigation teams at these mortgage lenders. We have people on staff, including staff attorneys,

a mortgage home, on a mortgage on your home, and there is a very good alternative to foreclosure,

and gets these mortgage people, mortgage lenders, off their back and puts them in a position

have a lot of people attacking these mortgages for being false and the person who's collecting

mortgage or they're already in trouble, we say, you know, don't abandon the aggressive

once again comfortable and you know that you can make that monthly mortgage without any

a lot of people on this issue on taking on the mortgage companies and one of the things

the whole mortgage thrown out because they feel like they owe the money. They don't want

mortgage and they said they've yet to look at a mortgage that didn't have major errors

in it and they've never analyzed a mortgage that had errors in your favor. The mistake

is comprised of people who are mortgage and lending specialists, attorneys who specialize

$200,000 on their mortgage, and maybe because of the decline in property values, their home

mortgage balance.

Yes. Gary, I've been studying fraud and studying mortgage issues for a good while, and I've

Right now we are talking about mortgage and fraud, mortgage fraud

Who is in trouble or approaching trouble with the mortgage lender, our goal

I talk to people that when they're in this trouble about how the mortgage company is cheating them

Or mortgage rescue, it's all over the internet, it's all everywhere

I had a small problem with my mortgage lender.

by overcharging on the mortgage too.

And in that case, it explains that Wells Fargo purchased a mortgage

and he used an example of MERS who is the servicing agent for millions of mortgages.

He granted a foreclosure to a mortgage company.

Florida Governor Charlie Crist is blaming failing tax revenues and the mortgage default

There was a filing by a mortgage company to foreclose,

has the paper signed for mortgages.

So in the case, let's say, of a mortgage transaction where the person actually

Is the mortgage company doing business in the state? Did this guy ever leave

Anyway, first question is about the mortgage stuff.

OK, so now he's in collusion with the mortgage company

I would claim fraud by the mortgage company.

paid by the mortgage company to prosecute this case.

Greg Chapman, who also deals with fighting mortgage

The mortgage company filed the case.

Well, the standard rule on these mortgage cases

that created a program to analyze mortgages

But what they have found is that every single mortgage they've

analyzed shows that there are overbillings by the mortgage

in the mortgage industry.

And the more times the mortgage is sold,

be to go on the offense before the mortgage company gets

by filing a counterclaim against the mortgage company.

care of part of the mortgage stuff.

I've been running across a lot of people here in Florida that are in mortgage foreclosures.

and they're going to come back and say, well, you didn't make your mortgage payment,

It's going to be 10 years before you're able to qualify for another mortgage if that's the case.

And if the mortgage company defrauded you in some way,

We've got Tony Davis, who is going to be discussing strategies concerning mortgages, how to deal

with mortgages.

with mortgages.

Okay, Tony has been researching this mortgage problem, and he's put together a package on

how to deal with mortgages, and he may have become the most knowledgeable person on how

to deal with mortgages that we have anywhere around right now.

You ask for a chain of title related to your mortgage, and then you ask for certain proof,

okay, that the mortgage actually exists and the note actually exists, and if they can

on your mortgage, and if they don't cooperate with you properly, then you go after them,

that the major banks and mortgage holders had agreed to a moratorium at Obama's request

something to you, at least any listener that has a situation related to a mortgage, okay,

The mortgage companies have a much bigger problem, okay, and that's where your remedy

is that you try to get a modification of your loan where the mortgage company agrees voluntarily

in court and what we're recommending to people is that since the mortgage process typically

for the mortgage company files and they ignore a pro se litigant, okay, then we're recommending

We have now identified three former IBM engineers that have developed a mortgage program that

will show in almost every single situation that the mortgage company overcharges you.

We think it's possible if you get into discovery on these things that the mortgage company

has been paid several times on your mortgage and the reason that would happen is because

that first of all they pool these mortgages and then they assign a trustee to them.

The trustee is required to rebuy the mortgages if they go bad, okay, and if you go research

the packaging of a pool of mortgages you will find that the notes don't exist, okay, or

So what we're now advising people is a series of strategies to deal with the mortgage company.

you shouldn't be afraid of going after the mortgage companies or the banks because they

It's always interested me how the mortgage companies can get themselves into this kind

of mess and it since became clear that one company does the mortgage and then I was talking

Well they have to show everybody the text of the mortgage and they have to show whoever,

even know who ABC Company is, you never signed a note or a mortgage document with ABC Company

transferred as well as many as 20 times a mortgage okay if that note was

until you fill the whole thing okay well the mortgage industry is somewhat

mortgages from the start that's some I guess the marketing group you could call

them okay and those guys then create the mortgages a lot of times they'll age them

will sell that mortgage off to somebody else who will then keep it for a period

difference in value on an age mortgage for one month or three months then

there isn't an age mortgage for six months or in one year or three years but

good okay but it's not an age mortgage if you made your payments for one year

three years or five years it shows that that mortgage is mature and it has a

different value okay and it demands a lower interest rate so that mortgage

because if someone transfers the mortgage or sells it to someone else

have your mortgage dismissed or your loan dismissed and you can do that by

nor on your mortgage by Bob the pirate okay and Bob the pirate claimed that

that he owned your mortgage and you hadn't paid him so you now owed him

the mortgage and I want him to produce the original document and the judge

of crap okay the the fact is if the mortgage company actually has the

mortgage they should be able to produce the original documents because the

largest loan mortgage company in the world and it doesn't matter if it's Bob

deal with the mortgage company okay and we'll have this CD out next week we

recommend that if depending on where you are in your mortgage process that you

send the proper documents into the mortgage company ask of them to

renegotiate your your mortgage okay if you're early on in the process that

what I'm willing to do I'm requesting a renegotiation in the mortgage okay if

the mortgage company refuses or doesn't do what you want them to do okay then

Stevens talking about how to fight the mortgage company I'll be right back

something to avoid so right how do we what do we claim against the mortgage

go back to the mortgage company when you weren't in foreclosure right what do you

modification some of it will do it some mortgage companies will do it over the

are mortgage companies that are owned by banks some of our mortgage companies

mortgages and then they'll package those mortgages and resell them and just go

they'll sell them off okay well okay the mortgage company will take a group of

mortgages maybe they have 50 million dollars and they will send them to

other mortgage companies will send deals to Goldman Sachs they'll all buy them

company or say the investment banker or the mortgage company okay having sold a

demand letter to that mortgage company or investment banker by this note back

amount of mortgages in foreclosure I agree and apparently the Realtors

to do something because it's okay I understand the need for a mortgage

fraud fraud involved in the deal by the mortgage company or by its assignees and

that the lawyers for the mortgage companies okay our masters have

think we have a chance and then we file counterclaims and go after the mortgage

mortgage you're making contract okay when you make contract the only person

But there's all kinds of stuff that – I mean, your mortgage, when you did a mortgage

I mean, my mortgage was in 2001.

I know exactly where my mortgage note is because I looked it up through the SEC documents.

I know my mortgage has been sold and traded.

But why am I still having to pay a mortgage payment then?

But at any rate, he's fighting his mortgage company

but also looks like he's going to get his mortgage discharged over it too.

with the mortgage situation.

Luck kind of sucks because my mortgage is paid off.

Oh, you bought it directly from – you didn't go through a bank for a mortgage?

Mortgages, court cases.

I believe so. They were talking about how to get your mortgage discharged, right?

And so, yes, as far as I know, it doesn't matter whether your mortgage has been sold to another bank

In fact, the best time to deal with this is when you're not in trouble with the bank, with your mortgage.

I think the whole thing started because Chase Bank took over his mortgage

or they bought the mortgage from whatever the original bank was,

He is suing to have the mortgage discharged because it was fraud on its face to begin with

Their third concern is mortgage fraud.

They're jacking up these individuals that can't even barely pay their rent in some cases or their mortgage and their property taxes are going through the roof

collecting any unauthorized toll, tax, freight, or mortgage.

If you apply for a mortgage, if you certain landlords have access to that, I even attempted

These mortgage companies, banks and employers and so forth,

where like a mortgage note might say the note expires in 30 years,

So we need to give them a way to use up all this budget they just got by crucifying all of these mortgage companies.

Well, I suggest that every time someone has a – that everybody who has a mortgage,

whether they're in arrears or not, should look at a forensics analysis of the mortgage

mortgage whatever how can I file stuff and have it show up there because I've

county clerks tend to have a section where you file deeds and mortgages and

We also are going to have Tony Davis call in and he's going to be talking about some mortgage issues, right, Randy?

But he didn't want to do a show yet until we've had a chance to talk to one another, but I would like, I ask him to call in and maybe chime in on the issue that Tony Davis is going to be talking about, which is mortgage issue, which his attorney is very familiar with.

When you start talking about mortgages in a little while

I've heard that if your mortgage has been sold to another lender

And told the mortgage company don't come back into my court

For a mortgage

And so, but here's the deal, and if you go look at all your mortgages, the only person that's signing these things is the maker

Because the bank didn't sign off on the mortgage, they have no control over the contract because they haven't basically agreed to the terms

is that now you can go in and mortgage a homestead, and under certain stipulations,

which you couldn't do before, you can mortgage that homestead for a second.

In other words, you can take out a second mortgage.

Right. Okay, one of the provisions of the new law is that if the mortgage company

exceeds, let's say the face value of the new mortgage is $50,000, or say $100,000 for round

do not correct it in 90 days, then the whole amount of the mortgage becomes paid in full.

if you do it at closing or you do it somewhere in the mortgage pan back with fees, then the

zeroes out your balance on your mortgage. That sounds pretty cool.

Wait, who is they? The mortgage company.

This mortgage company is not going to give up. You're going to have to get a court to order them to.

and the wife stays home and he's got a mortgage and two car payments.

that when you notify the mortgage company that they've exceeded that 3%,

the mortgage company said they sold the note the day before the 90th date

I established that they, and the mortgage says that, and the signs.

and you file a complaint asking the court to rule that the mortgage company

And you just say the costs assessed by the mortgage company exceeded the Constitutional limits.

I'm going head-to-head with my mortgage company in a federal court.

Anyway, so this mortgage is still on there.

important. And then the pleadings themselves, a case in Waco, a mortgage company filed a motion

And he wants to discuss some mortgage issues and foreclosures and eviction hearings.

I've been fighting with my mortgage company for better than a year now.

How much is still owed on the mortgage?

and sub-bottom three, foreclosures of mortgages and enforcement of liens on personal property in cases in which the amount in controversy is otherwise within the justice court's jurisdiction.

Is that a mortgage company or a law firm?

or in this case mortgage company representatives never show up in court.

There is more than one person's name on the mortgage.

On the mortgage?

Yes, on the mortgage it specifically names me and my wife.

In other words, your name in the JP court, you know, versus whatever mortgage company and stuff.

He had the mortgage company, one of his wife's name on the mortgage.

Well, that all other occupants don't cut it when you've got two different names on the deed of trust and the mortgage and stuff.

They're going to bundle it like they do house mortgages, and put you in a big bundle.

We're just fighting a mortgage company over fraud.

Is the counterclaim greater than the amount of the mortgage?

and now the mortgage company wants to raise the issue of, well, we have no such deal.

The issue with the address, I guess, or who we're trying to serve, we're trying to serve the lawyers for the mortgage company.

Should we be serving the mortgage company and not the lawyers?

They're often claiming to be attorneys for the mortgage companies.

Well, actually, the mortgage company would have had to be the ones to file it.

The attorneys could file a contract signed by the mortgage company.

Well, the point is the mortgage company has to be the ones that are coming forth saying

I may have filed this in the wrong court because of the mortgage issue.

If the mortgage company has an office and does business in Texas, and you're in Texas,

For a present, did you get the mortgage in Texas?

No, the mortgage company is a subsidiary company of a national bank.

Yes, actually, with servicing the mortgage company, I talked with Mike Holloway today, and what he did was service the CFO of his mortgage company.

Yeah, if the mortgage, you don't care which, as long as this, whoever is, you serve is connected to the company.

mortgage modification and mitigation.

boat, his corporations, and he's got about either seven or eight mortgages against four

You can talk to us about mortgages.

I got an email, a judge out of Florida dismissed 15,000 cases for mortgage irregularities,

It looks like the heat's on these mortgage companies to take that money they created

get that real soon. I was looking at the mortgages. We had Steve called in on a mortgage and he

sent me a forensic analysis of his mortgage. Anybody out there who has a mortgage, whether

you're behind or not, you should consider getting a forensic analysis of the mortgage.

me there's not a single mortgage out there that's not fraud. If you have a mortgage,

to contract, you get attorney fees. Every mortgage out there is subject to being sued

for fraud. Anybody out there who has a mortgage and you're paying a lot of money to these

analysis and either file suit against the mortgage company for fraud or take it to the

mortgage company and use it as a bargaining chip to lower the amount of your mortgage.

Possibly even both. Possibly both. If the mortgage company is not amenable to negotiation

of the federal programs, you can get the mortgage companies to forgive a lot of the debt.

They just directed the mortgage companies to cut these folks some deals. Well, actually

in it, if you're about to lose your house and this will cut your mortgage by 20 percent,

taking an existing mortgage on which you are not in default and going back at them for

fraud for charging you too much money. The one I looked at, the mortgage, the interest

the mortgage should have been. And over the life of a mortgage that comes out to be a

mortgage had an eighty dollar tax charge on it that the mortgage company was not allowed

the car. So they're doing the same thing on cars as they're doing on mortgages in that

I'm asking if you have tried to force them to procure the original mortgage note, the

wedding signature mortgage note, have you tried to either through discovery or other

mortgage and if there... do you have a contact here in Austin that I could talk to?

Does anybody know where to get a thorough forensic audit on a mortgage?

I have someone who has 25 years of doing these mortgages, and the reason she left the mortgage

And if they wrote the kinds of mortgages they were trying to write, they would wind up in

of the requirements that the mortgagee was supposed to, I mean the mortgageor, was supposed

Him and his partner, Neil, they do a lot of good work with credit cards problems and mortgages

Well, I'm beating iron slings, mortgage fraud, foreclosures.

and it's identical to promissory notes for mortgages, et cetera, rather, that warrant

any I don't have any mortgage problems I'm gonna have any of these debt

example of dealing with mortgages and that's not what they're doing there

trying to undo mortgage documents

Oh, and serve it to the mortgage company too.

Well, obviously you're serving the mortgage company,

commerce of the contract also, I mean the mortgage company, you just told them okay

Okay, let's talk about the mortgage case.

Okay, so you have your mortgage or you're not making your mortgage payments, you get

Officials are weighing a plan to let borrowers who have fallen behind on mortgage payments

rescue plan that was meant to refinance the mortgages of 5 million borrowers and lower

without disrupting mortgage markets.

I was looking at mortgages last night or yesterday, and I went to the mortgage, and there was a place there about HUD insuring the mortgages.

HUD is insuring the mortgage?

And the mortgage is fraud?

So HUD has been paying these mortgages, paying insurance on these foreclosures, and the mortgages are fraud to start with?

I could have a case of mortgage assisting someone, and the attorney ignores this lady in every respect, and they just keep on trucking.

these sorts of things, how the mortgage system works, how the credit card industry works

insurance, car insurance, my mortgage, my car, everything, I have found them traded

or share in a ship, a mortgage of a ship, or of a share in a ship, a mortgage of a ship's

say mortgage of a ship? Commerce. Did it not just say cargo of a ship? Commerce. Did it

We've got a guy out here with five kids, a huge mortgage,

It's just like what the mortgage companies do.

my mortgage company has stated clearly in bold print on the cover page of everything they send

the court ordered the rescission of a mortgage and informed the debtor they no longer had

to tender on a mortgage. Tender?

complaints, what the IRS is doing wrong, what the mortgage companies are doing wrong. But

Because if you eliminate this, then the mortgage company's got nobody to use and they're always

at the mortgage and show everything that's wrong with it. Any fraud in that mortgage,

law firms. It makes it for the mortgage company so expensive to try to do a repossession that

If anybody out there has a mortgage, whether it's up to date, even if you have a house

that's completely paid off, people on fixed income that have paid off their mortgages,

the main reps for Countrywide Mortgage, which was at that point the largest mortgage lender

fog a mirror, and they would give them a mortgage. Now, if you were an American, forget it. You

I don't understand this. The mortgage company, when they sold the house to you, they had

Think of it this way. The mortgage company may have $100,000 in the bank. They're going

a mortgage to you. You sign the note. They create 100,000 additional dollars. So now

take out a mortgage with you as a private lender. You guys do the note. You do the mortgage.

and you've been paid fees upfront and you may be paid fees to handle the mortgage payments,

the guy that's buying the buyer B has an expectation that the mortgagee, Deborah, is going to pay

Well, in the mortgage industry, Charlotte, you had mentioned that there's usually only

processing and legal services in the mortgage industry.

The firm has a long-standing client relationship with the most dominant mortgage industry leaders,

Michael C. Barrett and James C. Frappier on 313-08 each donated $5,000 to the Mortgage

the mortgage companies, claiming that it's being too costly on the banks and the attorney

one of the largest law firms representing alleged lenders, particularly in the mortgage

If they change it so that it's harder to sue for fraud in the mortgage area, they're going

I mean, they've entered into contracts with these property tax people and these mortgage

to be in the position of a plaintiff in a court in a case related to mortgages in Florida,

they can get to 1900, we can make up for it by beating up Crapola out of these mortgage

The brokerage community, there's not a mortgage in the nation

Yeah, I need help with my mortgage fraud.

And the reason we have two is they have two different specialties concerning this mortgage

of give us an overview of the situation concerning people with mortgages.

She can take the mortgage that you have, you send her all the paperwork, and she can tell

idea of what you can expect if you go over your mortgage closely?

And what has happened is they have allowed borrowers to have funds for mortgages that

that aren't delinquent, so the mortgage industry is in a mess.

I mean, if you go back and correct the mortgage at that point to correct the payment scheduled

all these errors in the mortgage?

I've been in real estate for 25 years, and the mortgage issue to me, there are a lot

There's a lot of stuff that goes on, I think, in the mortgage side of things.

On the mortgage side of it, I'm not sure that those folks are totally at blame either.

to do with the mortgage broker or the mortgage people, in my opinion.

the mortgage are created on the signature.

And so when we talk about these, this mortgage crisis, I mean, the system is what it is,

And I think we should go after them for the whole value, face value of the mortgage and

You want to look up monetizing signatures and mortgages?

We're talking about individuals, so we're not asking a judge to say that every mortgage

always found with the mortgages is that there's only one signatory on all of this paperwork

What happened in the mortgage industry, and so lenders are always very resilient in trying

mostly three and five year interest only payment loans to get into mortgages.

Yeah, it looks like when I look at it, the guy can't pay the mortgage and the interest.

In this case, it would be the mortgage lender versus the borrower.

And what I've always seen, be it in the financial markets or the mortgage markets or whatever,

The default risk really falls back to the mortgage or, not the mortgagee.

on that everybody sees in the financial markets now, the mortgage markets, it's just inherent

Charla, the one thing that you do is examine the mortgages the way they're done.

of the mortgages that you look at?

88% of all mortgage loans have a serious infraction, and there's different levels of, I guess,

what I've seen in researching these cases against credit card companies and mortgage

especially in these economic times and people that are having trouble with finances and mortgages

At this point in time, real estate stuff and mortgage stuff is not going to be covered in the seminar

Okay, so now we can't do the mortgage and all that stuff at this point in time.

We actually want to refer people to SHARLA to deal with mortgages.

And Charla, of course, our guest, our mortgage expert.

and it tells you, you know, the properties, what the term federally regulated mortgage loan is.

mortgage company.

If a consumer notifies a debt collector, that's going to be your mortgage company because

a power of attorney, let's say over to Charla, she can do this, she can send the mortgage

I just want to tell you the little thing that's involved with my mortgage.

Kaseko Finance was my mortgage for my mobile home, but they went bankrupt in 2002.

Well, Green Tree is the one that supposedly has my mortgage now.

Well, how did the bankruptcy affect your mortgage?

So the bankruptcy court is telling me I cannot even challenge the mortgage now because of that.

Well, it's also, you know, all this mortgage paperwork and stuff is bogus.

Well, I know exactly where my mortgage is.

When Confeco did my mortgage in August, by December of 2001,

She wrote a brazen dissertation on bankruptcies and mortgages.

It's called Real Estate Mortgage Investment Conduits Reporting Information or REMIX.

Well, you can narrow down the trust that your mortgage was put into.

For instance, my friend, he took out a countrywide mortgage in 1996.

they create things like every month they're creating another REMIX, okay, mortgage trust.

And you can narrow it down based on when your mortgage documents are done to where that trust is,

And so, you know, it's more of a helpful investigating tool on where your trust is that has your mortgage.

and the mortgage company was kind enough to let me use theirs for a month.

analysis of these mortgages and the equity lines of credit and such.

And most of the time in that type of mortgage, what you're going to find are violations,

here if you can actually take someone that is not behind on a mortgage and look at what

type of mortgage they had and do a forensic analysis on it, you're probably going to find

the mortgage companies to introduce fraud.

We're here with Sharla and we are talking about errors in mortgages that basically,

They would take that $60 million and convert it to 20 and 30 year mortgages, but they got

Well, if you have a $200,000 loan against a house and you have the houses and the mortgage

These are the mortgage companies we're talking about.

it costs less for this building and get you to get into the mortgage.

well be that the Obama administration has decided to throw the mortgage companies to

And I was looking at a mortgage the other day with Charla and she mentioned some of

Every appraisal that is done, a market analysis that is done for a mortgage loan, it is also

We're here with Sharla, talking about mortgage fraud, we'll be right back.

We are here with our guest, Sharla, talking about the mortgage fraud issues.

Obviously, if you're talking about a 30-year mortgage and you're actually paying an incorrect

over that 30-year mortgage, you know, so let's say, for example, that your note rate is 6%

But then all the interest you paid, these people who have already paid off their mortgages

in other mortgages that are currently in repayment.

thing to what you just said, you know, all lenders and mortgages are subject to audits

that requirement never changes just because I'm eight years into a 30-year mortgage.

All right, watching the sparks fly off the mortgage papers.

In your experience, how many of these mortgage companies have the actual real wet signature

But most likely the wedding signature documents in China and this mortgage company is going

who is going to be speaking on mortgage, the mortgages.

Yeah, Deborah, you said before the break I was going to talk about foreclosures and mortgages,

Okay, well, when you get back here, you and I need to visit so that you and I can at some point schedule a time to discuss all this stuff with foreclosures and these bonds and the mortgages.

This is the guy that knows how the bonds work, and I used what you told me the other day about how the bank who's doing the mortgages gets like 50 million bucks from Wells Fargo, loans out the loans, and has to pay it back to Wells Fargo.

We had put in a mortgage foreclosure case a judicial notice of foreign law, and this

who also deals with fraud and mortgages and such,

about the mortgage industry, questions for our guests regarding abusive numbers

and securitizing these instruments, questions about mortgages or these sorts of things.

Randy, you had some questions concerning these mortgages

and doing these forensic analyses of these mortgages and the mistakes,

your mortgage note, to exchange that for legal tender.

how the mortgage system really works, the fiat currency system, the whole nine yards.

Also, on my mortgage, on my mobile home, it doesn't say anything about a loan.

That's why the mortgage turns into a security because it's more than nine months.

on a mortgage loan application and then going in later and doing a revocation of power of attorney?

And also, is there some way you could easily detect at what point the bank securitizes a mortgage loan?

So you've got the mortgage company and you also now are dealing with the county.

or to offset a mortgage?

We've got Paul from Texas who's going to be going over the mortgage industry,

history of the mortgage industry, and some of his background.

and how these mortgages are turned into securities instruments

Many of your questions will be answered by Paul regarding the mortgage industry

with what's taking place in the mortgage industry.

and talk a little bit about, you know, the mortgage industry and the money

to create backing for the mortgage business.

which took the mortgage business into a number of what we called in the industry, tranches.

into what we note in the current marketplace as mortgage-backed instruments.

There are also index funds made up of these mortgage-backed instruments.

There are derivatives that are made up of these mortgage-backed instruments.

an investment pool of mortgages, they were classified like all of the rating industry,

the investment banking business knowing that every mortgage has an average life of seven years

they had to come up with a method of pooling more and more and more of these mortgages,

pretty much throughout the world as subprime mortgages.

And the problem that they encountered with these subprime mortgages was that a larger number of those

they're taking monetized money off of your mortgage

that they did with the mortgage loan, and it becomes monetized.

you know, I'll just pick a number of – you know, $250 million of mortgage loans.

in the area of mortgage notes.

They get the brokerage community to come in, and they structure a secondary mortgage sale

through what is, you know, either a mortgage-backed security portfolio

They know that there's going to be a large percentage of these mortgages going to default.

The brokerage community might, you know, create a mortgage-backed fund on one hand

and they're going to be able to sell these mortgages as an investment pool.

And then the bank turns around and pools this group of mortgages

or they've hired somebody to be the servicing agent that's going to service this mortgage for the 30 years that you signed up for it.

so that when the revenue comes in from the monthly mortgage payments that all these people have been making all over,

And so the same thing is going on in the mortgage business.

And so are individual QCID numbers assigned to each mortgage,

And can someone trace the flow of their individual mortgage, of how it's been securitized and bought and sold on the market?

If you knew approximately when you sold or when you signed the paper on your mortgage,

Let's say LaSalle Bank National, a mortgage-backed portfolio as trustee for the trust created in 2003, BJ3.

It probably has 10,000 mortgages in it.

use one of these companies that put people looking for mortgage

you might get 20, 25,000 mortgages show up.

Your mortgage will be in there somewhere.

And if there's a staple hole in that mortgage, you know,

All right, we're talking here with Paul in Texas about the mortgage industry

The bank cannot claim they own the mortgage or any other asset until they loan you their money.

or when requested to do so by the taxpayer or mortgage or other persons holding the lien.

And we are here with Paul from Texas talking about the mortgage situation and how they

actually taken the overseers of these mortgages that you're talking about, where you come

and appraise a piece of property for this mortgage, whereas this person, I'm going to

There's not a mortgage in this country, not one, that doesn't eventually end up under

as far as mortgages goes, as far as China goes.

mortgage or whomever that might be.

is worth less than the land, well, now you can't, a mortgage company will not issue a

We've got our special guest, Paul, talking about the mortgage industry.

Credit card company irs, uh, mortgage company whomever it would be you center that little statement at the top or in the middle

And I said, okay, what's your mortgage payment? What's your car payment?

Now I could go to a bank and say, I'd like to pay off every mortgage in my town.

And then priced in dollars, if you have a mortgage and any of what I'm hypothesizing to you tonight were to take place

And that's what we're doing with mortgages

We have been working on a program to help people with mortgage problems

Even if they don't have mortgage problems

In favor of the consumer as opposed to the mortgage companies

A case where they ruled that the only one withstanding to pursue a mortgage issue is the owner of the note

He worked in the mortgage industry and this is the part that he worked in

They would take that loan and convert it into 20 and 30 year mortgages

Failure to notify a mortgager of a mortgagee's intent to accelerate a note

Is it credit or mortgage?

And your mortgage payment still stayed the same

mortgages and he's up to his eyeballs already because he's not doing what

I recently had a decline of credit on a mortgage application.

some other property to buy and was going to just go ahead and take out a mortgage with,

And I pulled my credit, and exactly the reason that they gave for the decline on the mortgage

It appears as though the feds are beginning to throw these financial guys to the wolves, the mortgage companies and the credit card companies.

government notes, mortgage and agency debt, and foreign currency reserves of the United States dollar.

You want free college, energy, mortgages, whatever you like.

truth regarding tearing things up in the mortgage industry, apparently, if the note's been sold,

holding the deed of trust had sold the mortgage, had sold the security instrument and the one

So once the mortgage and the security is split, let me read out of the case, the practical

The mortgage loan becomes ineffectual when the note holder did not also hold the deed

So it wouldn't just be for mortgages in Kansas is what I'm asking.

It appears as though the mortgage companies are being tossed to the wolves.

But then it occurred to me, well, I really need to see what the mortgage agreement entails.

So I told the folks and they contacted the mortgage company.

And the mortgage company says there was an addendum to the loan agreement that said that

These guys loan out $150, $200,000 and they don't even bother to have them sign a mortgage.

So now no one is hoping to mortgage because they never signed one.

The documents uncovered relating to Judge Welch revealed that he has mortgaged his primary

If the judge owns property, the title or if he has a mortgage against, if there's a mortgage

hide the person who actually held their mortgage.

who actually held mortgages on these properties.

of the mortgage holders, of all the borrowers, of all the property owners.

And then if there's mortgages against the property, they'll be listed.

And then there's reconveniences where the mortgage has been paid off, they'll be listed.

the mortgage companies to the wolves.

and Learn How to Combat Financial Fraud, Banking Fraud, Credit Card Fraud, Mortgage Fraud.

This is something I just came across in mortgage where if they defraud you on your mortgage

Then the amount of profit they would have received from the mortgage if it went to term is what you can sue for in a triplicate

This is a little bit off topic, it goes to mortgage

But just about every mortgage company sells the note because they borrow the money

I have to have the mortgage

The mortgage company has the deed of trust

But before they issue the mortgage, before they create the loan, they go to someone else and say

When the mortgage and the deed of trust are separated, it creates a fatal flaw

Just today I was reading a document on mortgage fraud and they addressed this issue of accounting and documentation

agency to regulate consumer financial products from credit cards to mortgages.

on these mortgages and they could do that. However, if they did do that, according to

I heard the first of the program that Randy was discussing a mortgage with, well, I don't know if he was discussing it with somebody, but he was going over it.

And I just wanted to know what information I had to give Randy to let him look at my mortgage.

And we're talking about for mortgages here, right?

For mortgages.

And in this spreadsheet, it calculates mortgages.

that HUD provides mortgage insurance for these guys.

If the mortgage is fraudulent,

However, if you're one of those folks that aren't behind in your mortgage,

with these bad times coming if they knock that mortgage down

But the company ran into problems after getting into subprime mortgage and student lending.

after getting into subprime mortgage and student lending.

and denied of a decline on the home mortgage.

I'm going to guess that you kept the letter of being turned down for the mortgage?

it's like, and I'm using a hypothetical number of $200,000 or $250,000 or $300,000 mortgage.

They insured all the mortgages.

That's who we have mortgages with.

hours but they do mortgage stuff they do fair credit that collection they do

He worked for a company that wrote mortgages, wrote mortgage loans

Then they would convert that loan into 20 and 30 year mortgages

So when they wrote these mortgages they had no intention of keeping them

They'd write all these mortgages, bundle them all up

To where they would struggle and pour every penny they could produce into this mortgage

And the mortgage company pretty well knew that they would not be able to pay for it

And I subtracted the overpayment from the principal and ran the mortgage that way

So that means that the mortgage company did not give proper notice

So if you have a mortgage, look at your paperwork, okay, if you're not behind, if you're all up to date and everything's just fine

They seem purely by happenstance when the mortgage company makes a mistake, it just always happens to be in their favor

So if anybody's out there who's got their mortgage papers, if you can pull out your actual note and pull out your

They give you an estimate of what it's going to cost, of what the mortgage will be and then they'll give you the actual note

I have a question about my mortgage, I filed a quiet title act two years ago and of course the judge erred many times

got six minutes left. Oh okay, I'll go through this quickly. Mortgage company rights of mortgage.

That when the mortgage company sold the note itself, the promise to pay to someone else,

So the mortgage company is holding the deed of trust and someone else is holding the promise to

pay. The mortgage company who's holding the deed of trust, they got paid. They got all their money

payments to the mortgage company, you're not. They're just a servicing agent. They collect it

deed of trust. So he has an unsecured note. The Supreme Court said that when the mortgage company

you can go to the mortgage company and say, who are you? Exactly. Or do you have standing

rate mortgage that you look at, the till that was issued at origination is going to differ from the

in the mortgage industry, but before that I wanted to read this article, Randy may find

we come back we're going to talk about mortgage debts okay we'll be right back

We're gonna discuss the material Randy had planned tonight, which has to do with mortgages.

for us concerning the mortgage industry.

Yes. I've been putting together a program to do forensic analysis on mortgages. And

regulated in how they were to write mortgages. And mortgages were relatively cheap compared

to recent standards. Most of the mortgages I'm doing analysis on are about five to ten

years old, and they're six, seven, eight percent interest. Before all of these changes, mortgages

and Monetary Control Act of 1980, the Alternative Mortgage Transaction Act of 1982, and the

you a relatively minor mortgage on a new and nicer house. Well, the banker, he's going

to get a quarter of the entire cost of the house as a mortgage. And because you have

allowed to convince them to enter into mortgage deals that were knowingly outside the range

mortgage bubble a lot worse than it would have been because of their terroristic activities

industry executives and Washington policymakers are worried another government mortgage giant could be next.

Problems at the Federal Housing Administration, which guarantees mortgages and low-down payments, are becoming so acute,

Since the bottom fell out of the mortgage market, the FHA has assumed a crucial role in the nation's housing market.

Created to help lower-income and first-time buyers purchase homes, the agency now insures 5.4 million single-family home mortgages worth $675 billion.

And I have a case I pulled down doing mortgage issues.

and Washington policymakers are worried another government mortgage giant could be next.

Problems at the Federal Housing Administration, which guarantees mortgages and low-down payments,

Since the bottom fell out of the mortgage market, the FHA has assumed a crucial role

5.4 million single-family home mortgages worth $675 billion.

industry executives and Washington policymakers are worried another government mortgage giant could be next.

Problems at the Federal Housing Administration, which guarantees mortgages and low-down payments, are becoming so acute,

Since the bottom fell out of the mortgage market, the FHA has assumed a crucial role in the nation's housing market.

the agency now insures 5.4 million single-family home mortgages worth $675 billion.

Anybody who's got a mortgage, the cost of doing the forensic analysis is chump change

I mean, that's just the way I'm looking at it, be it with mortgages, be it with, you know, tax cases, be it with the motor vehicle code.

in Florida in the mortgage foreclosure business, a guy up here in the Tampa Bay area that's

been on the show before was a mortgage broker and realized that some of the banks and their

Okay, I'm calling a little bit off subject, but I was calling about a mortgage situation

When you first go to the mortgage company to get a loan, they have to give you a good

So what we do is sue the mortgage company for triple that amount.

We got the mortgage company over here who sold that instrument to them.

I ended up talking to Steve on the mortgage show.

They, they will give you loans, mortgages without ID, without social security card.

Well, they don't loan you any money on that credit card and like they don't own a mortgage or auto loan or anything else

By the way, for your mortgage stuff

Randy is ready to launch his mortgage analysis program,

then Randy's going to talk about his mortgage analysis business

has to do with the forensic mortgage analysis

companies and mortgage companies.

that I need to evaluate the mortgage on the site

the only thing this applies to is residential mortgages.

most of these mortgage companies, when they answer the respite letter,

give the mortgage company reason to deal very positively with you.

they got people into mortgages that they absolutely could not afford.

So what they wound up doing was you have this mortgage company sitting here in the middle.

and they convert that loan into 20- and 30-year mortgages.

The mortgage companies sitting in the middle,

Well, most mortgages are good mortgages, especially in the baby boomer era.

And we have a lot of people who have paid 10, 20 years on a mortgage,

But how it wound up is you have the mortgage company standing in the middle,

the first thing we want to do is know every entity that has owned the mortgage.

In a mortgage, there are two things.

For $500 you get a mortgage analysis, a forensic mortgage analysis by Randy.

You can find out more about the forensic mortgage analysis at ForensicFraudFinder.com

and if you are having trouble with your mortgage or if you're not having trouble with your mortgage,

that the mortgage company's done wrong.

And when we sue the pool, the pool's going to come back to the mortgage company and say,

This will give the mortgage company reason to want to come talk to us and make this thing go away.

If you go on the site, there's kind of a treatment of the mortgage industry on the front.

And even if you're not behind on your mortgage, good chance you're paying a whole lot more than you should be.

I ran one that was $113,000 mortgage, guaranteed 6%.

Talk about traffic, talk about mortgage issues or other issues you may have.

Pat, how would this affect a lien, a mortgage on your particular piece of property?

It does not affect the mortgage at all.

If you owe somebody money for a contract for a mortgage, you still owe that money.

You were talking about mortgage companies and everything else earlier.

What I wanted to find out is does anybody know of anybody that has a good mortgage company

I would just say to anybody that's listening that has a mortgage issue to get a hold of us

We're going to be talking about the mortgage industry, where we're coming from, where it's headed,

Randy Kelton has just launched his new website to do forensic mortgage analysis

and prepare lawsuits for folks, whether you're in trouble with your mortgage or not.

I've been researching the mortgage industry for a while now,

and during the show I've received a lot of input on the trouble in the mortgage industry,

Randy, can you kind of give us a rundown on the condition of the mortgage industry today?

This was right after the mortgage subprime started blowing up on them.

Okay, then, if we're dealing with – not with the mortgage company, but with a servicer,

Okay, before we went to break, we were discussing why these mortgage companies would rather foreclose and work things out.

Yes, in studying what's going on, it appears as though the servicer, I don't want to call them the mortgage company, that's what they appear to be,

that's what they start out as, but they stop being the mortgage company very quickly because they get a large loan from a large bank,

convert that loan into 20 and 30-year mortgages, but have to pay the loan back rather quickly, six, nine months.

Well, the majority of all of the mortgages written are really good loans because especially now with the aging baby boomers,

Well, I was going to say they did a study back in 2005 and over 68% of the home loans issued in 2004 were done by mortgage brokers.

So you have like 53,000 mortgage brokers companies employing, you know, 420,000 people that play a significant role in the lending process.

And callers, if you'd like to call in, if you have questions, comments about mortgage situation, 512-646-1984.

Okay, we are here with Randy Raylor, our guest, talking about the mortgage industry. And Randy, you were saying that most of the loans are originated by mortgage brokers, is that correct?

Yeah, basically 68% in 2004 of the home loans were originated through mortgage brokers. Now brokers are not lenders. I mean, they're originators, but they're not like the bank.

And in looking at this, it appears as though we have this broker and mortgage company standing in the middle here, feeding from both sides, defrauding both sides.

So when he gets the tort letter, he's going to come back to the mortgage company and say, what in the heck is going on?

So we try to put the mortgage company in the middle where they put themselves.

Well, you know, the mortgage brokerage industry is regulated by 10 federal laws.

There you go. There you go. What will the mortgage company attempt to do if you're trying

As long as you keep paying your mortgage.

a piece of property and you have a mortgage on it, the likelihood that a land patent has

value, and what has happened as a result is mortgage companies, banks will not

give a mortgage on a property where the building is worth or appraised less

mortgages anymore because they paid them off and the banksters aren't

making any money off of mortgages,

And then they could find that normally in their last mortgage paperwork, their last

mortgage packet, if it was done at the same time that they financed the property.

Realtors go in there all the time. People from banks and mortgage companies go in there all the time.

or by the mortgage company or by the seller or by the buyer.

Now, any piece of property you buy that you have a mortgage on,

in scale and nature to that brought about by the sub-prime mortgage crisis. But Patrick

I talked to my brother who lives in Chicago and his tax was double what my mortgage was

to that brought about by the sub-prime mortgage crisis.

which allowed somebody else to get a lien on it, get a mortgage, whatever.

The downside is you're not going to get a mortgage on the property.

then we will give you a mortgage if you have to have money.

When you go to sell the property, if the buyers are going to put a mortgage on it,

And all property taxes that have been paid, you know, through the payment of the mortgage on the property,

Well, if you bought it, even if you still have a mortgage on it, hopefully that deed is clear, correct, and a legal document.

It will not get you out of your mortgage, because that's a contract.

Understand that most mortgage companies and banks will not loan money

What if you currently have a mortgage on your property?

Can you get, bring your patent forward, or do you have to pay off the mortgage first?

The patent does not affect your contract to pay that mortgage.

to talk about mortgage issues. And since Michael from Maryland has been waiting so long and

he told my call screener he has a mortgage question, so we're going to let Michael ask

his mortgage question. Michael, thanks for calling in. I know you also have a red light

camera issue, but I would like to stick just to the mortgage issues right now because we've

you ask your question to Paul about your mortgage, about mortgage issues, Michael.

the mortgage, and so we don't care what you were assigned, it didn't give you standing.

Court did address the fact that MERS was put in place to give the mortgage company a different

place to register the mortgages. And the Supreme Court agreed that the statutory requirement

of a problem with a mortgage unless you're behind it and they're attempting to foreclose.

What we look at, the primary thing I want to look at with the mortgages and the reason

is if there's some type of mortgage fraud associated with past transactions and you

whole from harm, not taxable. If you sue the mortgage company for triple the harm they

Randy wanted to ask Paul a question about how mortgages are originated.

Now, you wanted Paul to discuss on how mortgages are initiated and created.

Yes, the main reason I brought Paul on is, the first time I had Paul on, he talked about how these mortgages are originated.

Paul, will you explain what you did the first time about the company you were with and how you created these mortgages and what you did with them?

Well, actually, Randy, the company I was with didn't create any mortgages.

What we did was we put together pools of mortgages.

The mortgages are already – I mean, each lending institution across the country, their boards and however their hierarchy is developed inside their company,

But their primary interest is in being able to have a pool of mortgage money.

But if you take that same bank and put them in Phoenix, Arizona or San Antonio or Austin, there's a tremendous incentive to have available funding in those markets to attract and to lend for mortgages.

The problem then becomes that as that local bank approaches its allocated amount of mortgage money,

they basically have loaned themselves out of the mortgage business.

And the only way they can generate additional funding internally to continue to make bank loans in the form of mortgage loans

and put a pool together of mortgage-backed securities and sell it to that pool

And XYZ Bank has $50 million that it's allocated towards mortgage generation, let's say.

get it sold into the secondary market as a mortgage-backed security

They're being funded in both the Fed Reserve window and this mortgage-backed pool

What I want to be able to do is create pressure on the mortgage company

We want to create pressure on the mortgage company to make them a deal they can live with.

through a secondary mortgage-backed security such as a trust arrangement,

if they've changed anything about his mortgage, if they've sold it to a new servicing company

mortgage-backed securities trust B, 2003 or 2007, that is a new security.

That loan was paid for when the investing public purchased that mortgage-backed security portfolio.

A lot of people get their mortgage. They never get a copy of the contract,

which is usually the bank or the mortgage company.

Even through the FDIC, you can get to the Real Trade Commission Act as far as mortgage foreclosures,

which there will be a lot of remedies as far as your mortgage foreclosures or even credit card debt,

Yeah, I know. We'd like to get into talking to Paul about issues on foreclosure and mortgages.

It binds and secures your property from that point in time until the terms and conditions of the mortgage are met

At which point in time, then the contract is complete, and you retain your property, and they've been paid back, and that's the way mortgages work

If they're processed dealing with a mortgage, or they're processed dealing with a tax liability,

but the mortgages, if the process of the mortgage was an unlawful process, and most of the time

And that would be like, for example, when you took out the mortgage, if there was a

promissory note in the documentation for the mortgage, in all likelihood today, if there

The way you save the property in dealing with mortgages and other things is not by using

If you want to enter into a contract for a mortgage or property tax or anything else

If you contract for a property tax or for a mortgage, you're subject to the terms and

your control over the relationship on the mortgage.

You see, they didn't even get to have the relationship on the mortgage or acquire the

I'm not talking about the mortgage.

The way they do it up here is when you get a mortgage on a house, that's exactly what

So if I entered into a contract of sale and I subsequently find that the mortgage company

If you try to resend the contract, all you do is accelerate the mortgage and you'll lose

to fruition, which generally comes to more than the amount of the mortgage in the first

pay after the sale, I believe you addressed it from the standpoint of an existing mortgage.

What I was talking about was where the mortgage is already paid off.

a current lien on the property like a mortgage.

Again, property taxes, mortgages, all of those kinds of things, they're contracts dealing

a way that folks can go on and enter the information from their mortgage directly into the forms

completed, a mortgage is a mortgage for the most part, and it should be able to work on

Same thing on mortgage foreclosures, IRS, I don't believe it, credibility.

we gave them that pressure, they said, look, the bank wants to raise this mortgage payment.

All right. I can see fraud on so many levels. I think it's time for Randy's mortgage analysis

that they do have access to everything like the the deeds of trust and the mortgage amounts

Because when you do a loan, the mortgage company that writes the loan almost immediately sells the note

Actually, each section concerning the consumer loans said this section does not apply to residential mortgages, reverse mortgages, and something else

It didn't apply to residential mortgages

I thought, what is going on here, and it took a while to figure out what a residential mortgage was

As opposed to a mortgage on a residential home that Regulation Z applied to

The difference is, a residential mortgage is a mortgage on a single or multiple family resident, up to four family residents

Those mortgages on single family residences that fall under Regulation Z are those mortgages that are lent to a consumer, a person who will actually live in the property

They would improperly induce someone into entering into a mortgage and then they'd sell that mortgage right away

That they were being led into loans that they couldn't afford and induced to enter loans without full knowledge and once the mortgage company sold the note, it left the lender without recourse

And what we're looking to do in order to help people negotiate better terms on either refinancing their note or getting a better deal from the mortgage company

And when the current owner of the note gets a tort letter telling them about all the crapola that the mortgage company pulled and claiming that you are the present owner and you are receiving unjust enrichment based on a fraudulent contract

And we're going to sue you for it. They're going to be really, really unhappy. And the idea is to get these guys to come back to the mortgage company and say, yo bubba, what is going on here?

And we give the mortgage company real good reason to play. Let's make a deal and give you a good modification or in some cases they're bad enough that you could possibly make the mortgage go away altogether

When the mortgage company initiates the note, they can charge an origination fee and that origination fee cannot exceed one percent of the face amount of the note

Cause to abide by each one of these notice requirements on every single mortgage. So we go through and on all of these we see a number of violations. That's one violation

it gets the mortgages and stuff because that's what I do.

I was looking for people to kind of join in with me and start buying up collateralized debt obligations and other commercial and residential mortgage bonds,

You still owe whatever money was on your mortgage for the house even though there's no house to live in.

They got their mortgage, they got their golf clubs, and they go fishing and hunting and

How many mortgages could that enlightened soul buy off the banks from previously denominated

completely lied to by their mortgage companies, who took their mortgage bond, sold it three

that they actually have the right to collect on the mortgage obligation you allegedly have.

risky subprime mortgage market, fueling a housing bubble that triggered the worst economic

plunged into the risky subprime mortgage market fueling a housing bubble

because they insured all these bad notes, mortgage notes.

I don't get into foreclosures per se, but I had something happen with my mortgage

on the mortgage issues

of interest which on again debtor creditor law IRS or mortgages they never say who the

So if you come in on, say, a mortgage issue and they haven't put the real note

mortgages we've got judges that are saying produce the note prove to us what is this property and and

You know, there are three credit reporting agencies because I know I used to be a mortgage guy,

Were you there on a mortgage issue?

And so that trumps the mortgage.

But watch out for mortgage companies.

I mean, 25% of the mortgage foreclosures in the country being in Florida

I mean, something that most people don't know is 25% of the mortgage defaults in the country are Florida mortgages

And that's because Florida has admitted that when they received complaints about banks and mortgage brokers committing fraud on homebuyers

But they admitted that it was in the tens of thousands of complaints about fraud being committed by banks and mortgage companies

and we could spend the next week talking about IRS issues and mortgage issues.

This means higher rates on credit cards, home equity loans, and many mortgages will follow

home equity loans, and many mortgages will follow the Fed's eventual recall of the trillions

of mortgage that the bank uses to throw out the bar of the home. What these videos demonstrate

number you get and what I'm doing with mortgages, I've kind of worked up this routine where

into court, if they didn't have to prove it, and say, this guy owes me money for this mortgage on

Okay, when we get back, Randy wants to present some material concerning mortgage fraud.

Plug your website and then give us an overview of this mortgage fraud program of yours.

You know, you would think that a lender, when he enters into a mortgage agreement, would be concerned that the borrower actually be able to pay off the loan.

And when you read them, one of the things I stumbled over, it said that this does not apply to a residential mortgage.

Well, it turned out that a residential mortgage is where someone purchases a house for the purpose of investment, to lease it out or rent it out or to resell it.

If you purchase a mortgage, a property for the purpose of consumption and you consume the property by living in it, that's a protected transaction.

The lender then, the lenders traditionally were banks. They were actually mortgage companies.

So now we've got the lender is no longer really a mortgage company in the traditional sense.

And then you have what was supposed to be a mortgage company, but he's really just another broker now.

And what he does is the mortgage companies will go get a large loan from Chase or Wells Fargo,

They would convert that loan into 20- and 30-year mortgages.

So they never intended to keep the mortgage when they wrote it.

The first guy purchases and holds the pool. The mortgage company will create a pool.

And they may combine with other mortgage companies to get enough mortgages in one group,

Well, he's not interested in the individual mortgage.

He's interested in the pool, 8, 10, 15,000 mortgages maybe in one pool.

will generate over the life of a 30-year mortgage about $220,000.

With the mortgage crisis worsening,

If you have a mortgage or have paid yours off, you have probably been cheated out of thousands.

With the mortgage crisis worsening,

If you have a mortgage or have paid yours off, you have probably been cheated out of thousands.

Anyone who has a mortgage from time to time will get a new servicer

In fact, probably most are not. There are things like warehouse fee, which in the case of a mortgage banker

Well, those kind of things are going to depend really on whether or not this is a mortgage banker who did the loan

Or if they're a mortgage broker who is strictly just a paperwork guy

See, the mortgage broker never puts their own money into a deal

But the mortgage banker is the one who's got the $50 million credit line, let's say

And she was a mortgage broker for, I don't want to say how long, she might get mad at me

Regardless that they can charge higher, but for close-ended mortgages, 1%, period

Yeah, that's the only loans that I'm dealing with at the moment are consumer loans, not residential mortgages

I'll just say it. Everybody who gets a license, whether it's real estate license or a mortgage license

Before the ink was dry on your mortgage papers, they have already created fraud

If you look at your mortgage papers, it will talk about MERS on there

Mortgage Electronic Registration System, okay?

Well, in a mortgage you have two documents

One is your debt note, your promise to pay, and the security, which is the mortgage or deed of trust

In other words, the deed of trust or the mortgage document and the promissory note, okay?

how the lender is not really a mortgage company anymore,

He gets this large loan, converts it to 20, 30 year mortgages

The mortgage company invests an amount of money

As soon as the mortgage company secures the note

as a rule, they're just a mortgage company and all of their whole business is creating these notes.

So, if you have a mortgage, when you sit down at the settlement table and sign the note,

that she was not allowed to accept more than 1% of what the mortgage was.

with Merge, mortgage electronic registration system,

But then again, you already know who it is because you're paying the mortgage.

With the mortgage crisis worsening,

If you have a mortgage or have paid yours off,

With the mortgage crisis worsening, we set our sights on finding a remedy for people

If you have a mortgage or have paid yours off, you have probably been cheated out of

Let me preface my question by saying that Mr. Kelton and I work in the same field when it comes to mortgages

the means in which to possibly negate their mortgage. Most of these mortgages are above $100,000 each, some in the range of half a million dollars

If we were successful in putting in our client's hands the tools that they need to possibly negate these mortgages in, let's say, numbers of 100,000, maybe 200,000

Once that money has been repaid, if every mortgage in the United States was repaid tomorrow, there would be no currency in circulation at all and everything would cease

This mortgage crisis is getting worse by the day.

the mortgage where they can pay it.

They're better off if the person paying the mortgage is behind every month because they

With the mortgage crisis worsening, we set our sights on finding a remedy

If you have a mortgage or have paid yours off

With the mortgage crisis worsening, we set our sights on finding a remedy for people who have been cheated by their lenders

If you have a mortgage or have paid yours off, you have probably been cheated out of thousands

A lot of the banks, I guess, or some of the mortgage and bank companies have sold off

With the mortgage crisis worsening, we set our sights on finding a remedy for people

If you have a mortgage or have paid yours off, you have probably been cheated out of

With the mortgage crisis worsening, we set our sights on finding a remedy

If you have a mortgage or have paid yours off, you have probably been cheated out of thousands.

the mortgage crisis worsening we set our sights on finding a remedy for people

who have been cheated by their lenders if you have a mortgage or have paid

The report concluded Lehman died from bad mortgage holdings and, less directly, demands

the mortgage crisis worsening we set our sights on finding a remedy for people

who have been cheated by their lenders if you have a mortgage or have paid

Yes, my question had to do with a mortgage or a hypothetical situation.

with the mortgage crisis worsening we set our sights on finding a remedy for people who have been cheated by their lenders

if you have a mortgage or have paid yours off you have probably been cheated out of thousands

me to examine all of these mortgage issues without being on the hook for them.

But isn't that only for the mortgage though, Randy, not the note?

they call a mortgage, sometimes they call a deed of trust, different states, different

the security instrument to be filed, because we're not talking about the mortgage, we're

Ohio is not a trust state, it's a mortgage state.

So they set up MERS so you could do mortgage electronic registration service.

I just read an article today about how these mortgage companies are scrambling to try to

the mortgage?

Because the mortgage is what's expensive because it's several pages long.

What are you calling a mortgage?

The mortgage is the lien, the lien document that gets filed.

note, but you're referring to the mortgage.

with the mortgage being split from the note.

And once the mortgage is split, the note itself...

Then you're calling the mortgage the lien document.

Then you're calling the mortgage the lien document is what you're calling the mortgage.

In Ohio, it's the mortgage.

You're calling the lien document a mortgage.

Where they said, you know, oh, no, no, guys, that was just the second mortgage situation.

With the mortgage crisis worsening,

If you have a mortgage or have paid yours off, you have probably been cheated out of thousands.

The report concluded Lehman died from bad mortgage holdings and less directly, demands

Well, since I've been fighting my mortgage since 2001 and learning a hell of a lot about

With the mortgage crisis worsening, we set our sights on finding a remedy for people

If you have a mortgage or have paid yours off, you have probably been cheated out of

And then during – when you were talking about the mortgages and then when Eddie was talking about something else, it cut off those two different times, too.

of their losses. Well, in the world we live in now, the mortgage company as we think about

mortgage companies is not really a mortgage company anymore. We think of a mortgage company

$75 million loan and they convert it to 20 and 30 year mortgages. Problem, they have

to pay that loan back in six to nine months. So when they create the mortgage, they have

create the mortgage, they have someone standing in line waiting to purchase it. A whole cottage

to convince everyone that with the growing housing demand and increase in mortgage prices,

slavery. They wound up spending their entire life trying to find a way to pay this mortgage.

to come back in now and let Randy continue on with his information regarding these mortgages

With the mortgage crisis worsening, we set our sights on finding a remedy for people who have been cheated by their lenders.

If you have a mortgage or have paid yours off, you have probably been cheated out of thousands.

The report concluded Lehman died from bad mortgage holdings and, less directly, demands

with the mortgage crisis worsening

if you have a mortgage or have paid yours off, you have probably been cheated out of thousands

claims, you know, such as credit card debts, mortgages, teaches you that basically the

Anyway, I've talked to you a couple of times in the past concerning my mortgage situation

With the mortgage crisis worsening, we set our sights on finding a remedy for people

If you have a mortgage or have paid yours off, you have probably been cheated out of

With the mortgage crisis worsening, we set our sights on finding a remedy for people who have been cheated by their lenders.

If you have a mortgage or have paid yours off, you have probably been cheated out of thousands, but there is a remedy.

The report concluded Lehman died from bad mortgage holdings and, less directly, demands

With the mortgage crisis worsening, we set our sights on finding a remedy for people

If you have a mortgage or have paid yours off, you have probably been cheated out of

with the mortgage crisis worsening.

If you have a mortgage or have paid yours off, you have probably been cheated out of thousands.

creditor Mike yep they were they were listed as a servicer and I looked through my mortgage

if you're getting into the mortgage foreclosure thing that kind of stuff qualified written

mortgage audited yeah yeah well then you can go after the servicer you know and and just

to strike back against corrupt public officials with the mortgage crisis worsening we set our

sights on finding a remedy for people who have been cheated by their lenders if you have a mortgage

The report concluded Lehman died from bad mortgage holdings and less directly, demands

the mortgages and sell them off in packages to various debt collectors.

They ask you simple questions, you know, like how much is your rent or mortgage and how

who bought insurance, anybody could bet on these bad mortgages and they bought insurance

people how to strike back against corrupt public officials, with the mortgage crisis

their lenders, if you have a mortgage or have paid yours off, you have probably been cheated

All right, Willow, I know you had a question for Randy about some mortgage stuff,

With the mortgage crisis worsening,

If you have a mortgage or have paid yours off,

With the mortgage crisis worsening, we set our sights on finding a remedy for people

If you have a mortgage or have paid yours off, you have probably been cheated out of

I've got a mortgage foreclosure question, if that's okay?

I had a court reporter, and then he asked me, when did you pay your mortgage?

mortgage issue and I was considering a way if we have a mortgage company that's acting

With the mortgage crisis worsening we set our sights on finding a remedy for people

If you have a mortgage or have paid years off you have probably been cheated out of

With the mortgage crisis worsening, we set our sights on finding a remedy for people

If you have a mortgage or have paid yours off, you have probably been cheated out of

mortgages for contributing to the economic meltdown.

which is upsetting, because my name is on the deed, and it's not on the mortgage, and

people how to strike back against corrupt public officials. With the mortgage crisis

their lenders. If you have a mortgage or have paid yours off, you have probably been cheated

With the mortgage crisis worsening, we set our sights on finding a remedy for people

If you have a mortgage or have paid years off, you have probably been cheated out of

Regarding the mortgage issues and the rest of the letters and so on,

With the mortgage crisis worsening,

If you have a mortgage or have paid yours off,