Thank you for sharing your valuable response.

I ask you and every consumer to Petition Redress of Grievancess from their Authority in the House and both Senators and State Assembly as in New Jersey seeking injunctive relief through enforcment of laws ignored by by Banks which harmed the economy. The law serves a purpose. Under Article II, President Barak Omba, Executive Branch with powers to enforce laws and Executive Decision to bring before the Supreme Court of United States first impression case and for every case where the property was sold to a ‘Loan trust’ with its own Identification # in the US or in a foreign Jurisdication like the Cayman Islands, that the party responsible for not perfecting the chain of title in accordance with federal and state laws provide satisifaction of mortgage. The note was sold to the trust. The intent of the Reconstituted Servicing Agreement in the event of a dafult trigger to file documents to cure title defects thru bankruptcy or foreclousre needs to stop now. The welfare of the nation can be returned to the people one mortgage at a time.

Thank you.

Today, millions of American families are losing their homes due to mortgage foreclosure. Tomorrow millions of American families may lose their homes because they bought a home that was once foreclosed.
The incomplete foreclosure judgments routinely being handed down by courts in all 50 states will result in a massive title problem which will make foreclosed homes impossible to sell or finance and unable to obtain title insurance. The two Florida Appellate Court decisions ruling that judges are responsible for rendering judgments based upon complete and correct documentation only identify the tip of the iceberg. By allowing properties to go to foreclosure based upon defective, deficient and spurious documents, the judges are inadvertently creating a ticking, title time bomb which will cause millions of homes being foreclosed to have a cloud on title.
Almost three million homes were in foreclosure in 2009. More than 3 million homes will be in foreclosure in 2010. It is estimated that one out of seven home mortgages is currently in default. The sheer volume of foreclosure has overwhelmed judges and our judicial system. The reaction has been to clear dockets by judges failing to read the pleadings and motions or check the information submitted by the foreclosing creditor instead rubber stamping foreclosure orders in rocket docket proceedings. By treating foreclosure proceedings like an assembly line manufacturing foreclosure judgments judges have created millions of homes as ticking, title time bombs set to detonate at some future yet undetermined date.
The volume of foreclosure has become so great that China, a large player as an investor in securitized mortgage certificates, has acquired a major share in the ownership of Florida’s largest foreclosure mill whose stock is traded on NASDAQ. This company has been named over and over again as a principal source of incomplete, incorrect and spurious documentation. The CEO stated that he looked forwards to increasing foreclosures in the United States and the economies of outsourcing preparation of legal documents to the Philippines.
The cloud on title is created by the failure of the foreclosing court to address the following matters:
1. To make certain that all parties in interest who are of record have been named and joined in the foreclosure action;
2. Verify the chain of title of the mortgage; and
3. Fail to adjudicate and determine the following matters:
(a) Whether the party bringing the foreclosure is legally entitled to foreclose;
(b) Whether the mortgage payments alleged to have been unpaid were in fact paid; and
(c) Whether securitization of the mortgage required the prior, written consent of the borrower.
Each of these matters can be used to bring a suit brought subsequent to foreclosure, among other things, for wrongful foreclosure and seek not only monetary damages but a reconveyance of the home to the original borrower. Recent developments in the title insurance industry already are responding to title problems resulting from incomplete foreclosure, The title companies all offered additional title insurance coverage to protect against the claims of third party creditors who has not been named or joined to the foreclosure industry. For example, a plumber may have field a lien against the property but not included in the foreclosure proceedings or foreclosure judgment. Accordingly, the plumber’s lien is still of record and remains unpaid. The additional insurance agreed to deal with this problem and get the lien removed. In the past, failure to join a party in interest was rare. Today, it has become so common that the leading title insurers, First American and Fidelity, have discontinued the coverage. It is but a question of time until the other shoe drops with respect to the other title defects.
As a result of judicial misconduct, incomplete judgments also will create enormous liability for the county or other unit of local government conducting the foreclosure auction or the trustee in a deed of trust jurisdiction. In Sarasota and many other places throughout the county, the party conducting the auction sale does not disclose title defects which are known or of public record and therefore deemed to be known. In these jurisdictions, the duty to disclose such defects is unacknowledged and, accordingly, undischarged. Millions of purchasers at auction of foreclosed property with a known title defect will have a potential cause of action against the unit of local government or the trustee for breach of the duty to disclose known defects at a foreclosure auction.
“Haste makes waste” as an idiom was first recorded in 1575. Based upon recent evidence, America’s judicial foreclosure has yet to learn this lesson while the rest of us will be expected to foot the bill for their tuition.

Our company, Documentary Clearing House and Associates, is about to issue a press release announcing a new product to make use of title defects in the defense of foreclosure without involving the court or judge hearing the case.