Hi Jim, I live in Wisconsin and am facing a foreclosure with IndyMac/OneWest Bank. I do not believe that they have the legal standing to foreclose. Can you help me??? 715-355-5014. Thankyou. anything is appreciated!!

George….Very well discribed….that sure will help others who have a hard time understanding this massive scheme…and I agree…it was all in the blueprints AND WAS/IS PREMEDITATED…..there certainly was NO accident about this whole planned crime…. IT WAS DELIBERATE WITH A CA– USE AND REASON………….

Let me respell that creepy word,, their ultimate goal is….. TOTALITARIANISM…

Well when you have no skin in the game and the U.S. taxpayer is funding the entire operation what did they care who they gave a loan to? Thiis mortgage fraud ponzi scheme was about no more and no less than the ruling elite setting American up to fail so they could steal everything from all of us and then our country……Wall Street, their cohorts and minions are whores working for the ruling elite….This was not about money, this was about world domination by the ruling elite and putting full control of everthing and everyone in the hands of the few… that is their ultimate goal…..TOTALTITARIANISM…and they are all no more than lousy rotten theiving liars who want us to think they lent us money, they did not….We The People lent the money, not the banks…This was the biggest Ponzi Scheme Swindle and Heist of our wealth in history….and We The People want everything they have stolen from all of us given back with interest…and the crooks thrown in prison…..!!.

First of all, the Servicer (Wells Fargo, Bank of New York, Bank of America, Citi, Chase..etc) 1) wrongfully filed the foreclosure by not being the true owner of the loan/mortgage, 2) not having the original promissory note, 3) not filing assignments with the local county land recorders office each time the loan is sold and bought as a mortgage backed security it is changing hands meaning there is new ownership and an assignment is to be filed by law for change of ownership – not doing this breaks the chain of title of ownership of the mortgage, 4) using MERS (Mortgage Electronic Registration System) to assign mortgages on Wall Street electronically, which by passes the local recorders office and the banks avoid paying assignment fees, taxes, etc. MERS can not assign anything since they have absolutely no vested financial interest in the loan. Tell me when to stop! Oh, 5) the Robo-Signing which is perjury and fraud in legal documentation which is presented to the Courts by the servicing banks and their attorneys..! This now includes their attorneys office as presenting fraudulent documentation as well. / So, if a homeowner owes $200,000.oo on a defaulted home, I believe the 5 items above are enough to sue for at least the remaining amount of the loan due, and more then possibly sue for a greater amount for punitive damages.

In a nut shell, the servicing banks remain as the existing owner of the mortgage at the land recorders office as if nothing is going on, while they actually sold the loan/mortgage to Freddie Mac & Fannie Mae which are in return selling the mortgage off into bits and pieces to investors. So the homeowner makes the mortgage payment to the servicer, which already sold the loan, then they keep a percentage of that, they send a percentage of that mortgage payment to Freddie & Fannie and they keep a percentage of that, and they give the investor a percentage for buying a mortgage backed security. So they are all making money along the chain. It’s like a Mob controlled Pizza shop, the servicing banks are up front selling the pizza while the mob is in the back selling MBS deals. Hello… Racketeering! The servicing Banks, Freddie and Fannie, deliberately, intentionally, and with total disregard, are committing Fraud and Racketeering against homeowners and the courts. This all didn’t happen by accident. This started years ago when the banks needed more mortgages to sell as a security, so they began to write up and approve mortgages just to create more commodity (mortgage-MBS) to sell to investors, whether the homeowner would be able to make payments or not they didn’t care, as long as they had more product to sell.. They always just knew they would be able to foreclose and try to foreclose quickly. But they are finding out they can’t.

*** If this were a murder case, it would be classified as premeditated.

Years back the banks began to turn a mortgage into a commodity, with good paying mortgages, then they saw they were running out of this commodity, so the big banks, including Fannie & Freddie started approving loans to almost anyone and everyone, not so much to just give that person a home to have, but they were more concerned about creating more of the commodity. More securities to sell to investors. They even knew some home owners would not last several years or several months, as long as they could say to investors, “Hey, we have more mortgage backed securities to sell”.

Now, to sell all these securities, they would have to create a mortgage assignment which is normally recorded with the county land recorders office for a fee. Physically, that would take up too much time and money, so the big banks invented and created MERS,(Mortgage Electronic Registration System). This electronic service was only created to track mortgages sold and bought in the secondary securities market. MERS legally has no invested interest in the mortgage, so they truly are not able to transfer or assign the mortgage acting as a nominee of the loan. But they are! Wrong. The chain of title of the mortgage is broken right here at this very early stage. The mortgage/note has to be assigned from one owning entity to the next owning entity. MERS never owns the loan, but they are creating and are listed on assignments at the local land recorders office. Now that the mortgage was bundled, sold and bought back and forth with investors, no continuing assignments are recorded with the county recorders office. By not recording these documents, Fannie & Freddie & and all your Big Mortgage Servicing banks are saving millions-billions on recording fees, and possible taxes, etc.

What I have found was that the Servicer of the mortgage is listed with the county recorders office as if they own the mortgage, while Fannie & Freddie or other Big Banks are selling the bundled mortgages as securities. Kind of like a Pizza shop cooking pizza legitimately up front, and a mobster selling off investments in the back. (Racketeering). The Servicer up front really is not the owner of the loan, and they tell you this. They also admit that your loan is owned by Freddy or Fannie, or the Investors. So when the Servicer now tries to foreclose on a homeowner, they are not truly the owner of the loan, and you have to own the loan to foreclose!!! Many never even question the Servicer and walk away from their home. Now to foreclose as quick as they can, that’s where the robosigners come in. These people do not review anything in the foreclosure paperwork about the loan, but only sign a name on the affidavit page on thousands of mortgages to get the foreclosure going before any homeowners begin to catch on.

You see, its a matter of a quick process the Servicing banks want to achieve in order to get the property in their possession, only to sell it. The crazy thing is, when the originating bank gives the loan, then sells it to the 2nd bank which mostly ends up being the servicer, they again sell it to the 2 major players (Freddie & Fannie) and they sell the mortgage back securities to investors. So the servicing bank gets paid for the mortgage and still collects payments toward the mortgage and a percentage goes to the Servicer, Fannie & Freddie and the Investor. So they are all making money. Then the Servicing bank comes to foreclose and if they are allowed to foreclose they get the home without true ownership, even though the loan is actually sold off into bits and pieces to investors. I can go on further, but to conclude, if this were a murder case, I would call this act of the banks premeditated, not an accident. This was all planned out in order to reach the highest profit they could using the mortgage backed securities as a commodity, and have total disregard, deliberately, intentionally ruining the lives of millions of homeowners.

We usually go after the banks prior to any foreclosure actions but it all works at any given time if you work it correctly ~ Even though it has been a for profit business for me over the years, I am always more than glad to pass along any of these things that I have learned over the years to anyone that is in trouble for free ~

No one person willl solve these particular banking problems ~ But thanks to so many I can now hear the “drums beating” for justice ~

Again, Thanks for your kinds words…Jimbo

Marilyn, do you have an attorney.. You can take what you learned here and get an attorney.. Your attorney can move to dismiss the case on a technicality like slander of title, fraud, Civil Rico or bankruptcy like that attorney talked about in the podcast here a few weeks ago? The attorney said you can file that motion to dismiss anytime during the fraudclosure and then the pretender lender has to prove their case and may even withdraw the case. Even in the event you lose in foreclosure court you can motion to reconsider to signal to that judge that this is going up on appeal and you use that as the opportunity to perfect the record and thats the way you prepare the record for appeal. That gets you out of foreclosure court and gets you a jury trial…I think the attorney said the pretender lenders dont have standing in Federal Court or in Bankruptcy because the court lacks jurisdiction. The fraudclosures are not legally enforceable there because they are now the defendant and they are forced to show proof of standing… Jurisdiction cannot be waved because the lender cannot be a stranger to the mortgage..Jurisdiction exists only if the Plaintiff owns the mortgage. The holder of the note is not neccessarily the person who has standing.. These pretender lenders do not have standing because they don’t have the original notes or the clear chain of title because they lost track of ownership of these loans at Origination…They cannot fix those fatal flaws at this late date….Remember the attorney said you have to get out of foreclosure court..You can’t get fair treatment in there the judges are attempting to collect a debt for the banksters…