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	<title>
	Comments on: Schott v BAC Home Loans &#124; Lawsuit Says Securitization Process Waives Banks Foreclosure Rights	</title>
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	<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/</link>
	<description>- Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE</description>
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		<title>
		By: Ryan mccrosson		</title>
		<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-405664</link>

		<dc:creator><![CDATA[Ryan mccrosson]]></dc:creator>
		<pubDate>Sat, 08 Dec 2012 16:56:49 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=34445#comment-405664</guid>

					<description><![CDATA[If you guys want examples of how to properly litigate these issues (among other ways) search for Schott v Huntington and Julius v h s b c ( as amended) in pacer,  in the southern district of Indiana 2012 (7th cir). Sorry, I don&#039;t have the cause numbers on me right now.]]></description>
			<content:encoded><![CDATA[<p>If you guys want examples of how to properly litigate these issues (among other ways) search for Schott v Huntington and Julius v h s b c ( as amended) in pacer,  in the southern district of Indiana 2012 (7th cir). Sorry, I don&#8217;t have the cause numbers on me right now.</p>
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		<title>
		By: lvent		</title>
		<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-161081</link>

		<dc:creator><![CDATA[lvent]]></dc:creator>
		<pubDate>Fri, 28 Oct 2011 17:46:11 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=34445#comment-161081</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-160293&quot;&gt;lvent&lt;/a&gt;.

Marilyn, It is a disgrace, what these politicians have allowed to happen to America and I don&#039;t buy the greed excuse at all. They are one thing and one thing only, they are traitors and the punishment for that is and should be severe. Now that so called Mayor in Oakland is in alot of trouble because of her unwarranted orders to end the protesting and the subsequent police brutality towards peacful protesters,,,..It is the POLITICIANS who belong in prison or worse...The politicians are who I blame for everything.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-160293">lvent</a>.</p>
<p>Marilyn, It is a disgrace, what these politicians have allowed to happen to America and I don&#8217;t buy the greed excuse at all. They are one thing and one thing only, they are traitors and the punishment for that is and should be severe. Now that so called Mayor in Oakland is in alot of trouble because of her unwarranted orders to end the protesting and the subsequent police brutality towards peacful protesters,,,..It is the POLITICIANS who belong in prison or worse&#8230;The politicians are who I blame for everything.</p>
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		<title>
		By: marilyn abdilla		</title>
		<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-160341</link>

		<dc:creator><![CDATA[marilyn abdilla]]></dc:creator>
		<pubDate>Fri, 28 Oct 2011 07:38:14 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=34445#comment-160341</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-160293&quot;&gt;lvent&lt;/a&gt;.

I vent.....I have said that before....put the politicians where they belong...in prison....and do the same as they did with Madoff...strip them down to the clothes on their backs...give them the prison garb to wear.....that&#039;s it.....and give them a home in a cell block.....they know they are traitors....so it will not shock them any....but they will feel the shock  when they hear the clanging of the bars being shut and locked. ....Like Madoff said....&quot; He feels safer in prison than he would out on the street....&quot;..]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-160293">lvent</a>.</p>
<p>I vent&#8230;..I have said that before&#8230;.put the politicians where they belong&#8230;in prison&#8230;.and do the same as they did with Madoff&#8230;strip them down to the clothes on their backs&#8230;give them the prison garb to wear&#8230;..that&#8217;s it&#8230;..and give them a home in a cell block&#8230;..they know they are traitors&#8230;.so it will not shock them any&#8230;.but they will feel the shock  when they hear the clanging of the bars being shut and locked. &#8230;.Like Madoff said&#8230;.&#8221; He feels safer in prison than he would out on the street&#8230;.&#8221;..</p>
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		<title>
		By: lvent		</title>
		<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-160293</link>

		<dc:creator><![CDATA[lvent]]></dc:creator>
		<pubDate>Fri, 28 Oct 2011 06:40:40 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=34445#comment-160293</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155740&quot;&gt;JamesM&lt;/a&gt;.

BTW James, the warranty deed is the collateral to the home...they did not sell an interest in the home, they sold an interest in the money flow....that was the asset...the revenue generated from the homeowner paying a mortgage..IT WAS A GAMBLE....AND THEY OVER-INSURED THEMSELVES ON THAT RISK, INCLUDING THE INVESTORS.....when that crapped out because Wall Street was overleveraged exponentially and they knew soon, they could no longer pay their investors....they intentionally crashed the stock market...See you tube video, CNBC, Illuminati crashes stock market..That was the biggest transfer of wealth from Mainstreet to Wall Street to the Ruling elite in History...They privatized our wealth and socialized their debt onto the U.S. TAXPAYERS...They are still robbing us by the way, to pay for all of their mortgage fraud..CONgress bailed out Wall Street&#039;s fraud with U.S TAXPAYER money plus backdoor bailouts by the truckload...The FED has been propping up WALL STREET by robbing all of us...QE 1, 2 &#038;3...inflation of goods and services and deflation of  the value of the currency...Not to mention the property tax fraud that is also occurring to cover up for all of the other missing money, like policemen and firemens pension fund money....They want to steal the Social Security money next....they are already talking about raising the age to collect it....This is all being done to cover up for exponential collateral fraud committed by Wall Street and the GSE&#039;s...600 trillion in mortgage derivatives fraud...There is a total of 1.2 Quadrillion pledged in derivatives according to daily finance.com..Wall Street took the U.S. TAXPAYERS CREDIT CARD and went over its limit by 1.2 Quadrillion...and oversold investments to anything with a revenue flow...One lawyer blogged, he found out that his client&#039;s mortgage was sold at least 603 times...mighty hefty mortgage payment right there.NO LOAN MOD FOR THAT GUY...THAT IS SOME REAL UNSUSTAINABLE DEBT FOR YA..!!!...A set up to fail if I ever saw one..All of this was allowed by the Politicians of course...This could never have been possible without some really evil traitors from within......It appears that 9/11 was an attempt cover up for this scheme/scam...Lotsa evidence in building 7 got destroyed....So James, someone has some BIG TIME explaining to do...We The People, the people they consider PEE ONS,   want our stolen wealth, businessses, jobs, pension funds, 401 k and other stolen investments and our stolen homes back...... THAT WE BUSTED OUR ASSES FOR BTW.... out of the crooks overseas bankster accounts.WHERE ALL OF OUR STOLEN WEALTH IS HIDDEN....time for the American People to FORECLOSE ON WALL STREET...and throw all of the traitor politicians in prison...with no pension, health insurance sieze all assets.They shit all over MAINSTREET AND NOW..ITS PAYBACK TIME!]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155740">JamesM</a>.</p>
<p>BTW James, the warranty deed is the collateral to the home&#8230;they did not sell an interest in the home, they sold an interest in the money flow&#8230;.that was the asset&#8230;the revenue generated from the homeowner paying a mortgage..IT WAS A GAMBLE&#8230;.AND THEY OVER-INSURED THEMSELVES ON THAT RISK, INCLUDING THE INVESTORS&#8230;..when that crapped out because Wall Street was overleveraged exponentially and they knew soon, they could no longer pay their investors&#8230;.they intentionally crashed the stock market&#8230;See you tube video, CNBC, Illuminati crashes stock market..That was the biggest transfer of wealth from Mainstreet to Wall Street to the Ruling elite in History&#8230;They privatized our wealth and socialized their debt onto the U.S. TAXPAYERS&#8230;They are still robbing us by the way, to pay for all of their mortgage fraud..CONgress bailed out Wall Street&#8217;s fraud with U.S TAXPAYER money plus backdoor bailouts by the truckload&#8230;The FED has been propping up WALL STREET by robbing all of us&#8230;QE 1, 2 &amp;3&#8230;inflation of goods and services and deflation of  the value of the currency&#8230;Not to mention the property tax fraud that is also occurring to cover up for all of the other missing money, like policemen and firemens pension fund money&#8230;.They want to steal the Social Security money next&#8230;.they are already talking about raising the age to collect it&#8230;.This is all being done to cover up for exponential collateral fraud committed by Wall Street and the GSE&#8217;s&#8230;600 trillion in mortgage derivatives fraud&#8230;There is a total of 1.2 Quadrillion pledged in derivatives according to daily finance.com..Wall Street took the U.S. TAXPAYERS CREDIT CARD and went over its limit by 1.2 Quadrillion&#8230;and oversold investments to anything with a revenue flow&#8230;One lawyer blogged, he found out that his client&#8217;s mortgage was sold at least 603 times&#8230;mighty hefty mortgage payment right there.NO LOAN MOD FOR THAT GUY&#8230;THAT IS SOME REAL UNSUSTAINABLE DEBT FOR YA..!!!&#8230;A set up to fail if I ever saw one..All of this was allowed by the Politicians of course&#8230;This could never have been possible without some really evil traitors from within&#8230;&#8230;It appears that 9/11 was an attempt cover up for this scheme/scam&#8230;Lotsa evidence in building 7 got destroyed&#8230;.So James, someone has some BIG TIME explaining to do&#8230;We The People, the people they consider PEE ONS,   want our stolen wealth, businessses, jobs, pension funds, 401 k and other stolen investments and our stolen homes back&#8230;&#8230; THAT WE BUSTED OUR ASSES FOR BTW&#8230;. out of the crooks overseas bankster accounts.WHERE ALL OF OUR STOLEN WEALTH IS HIDDEN&#8230;.time for the American People to FORECLOSE ON WALL STREET&#8230;and throw all of the traitor politicians in prison&#8230;with no pension, health insurance sieze all assets.They shit all over MAINSTREET AND NOW..ITS PAYBACK TIME!</p>
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		<title>
		By: lvent		</title>
		<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-160228</link>

		<dc:creator><![CDATA[lvent]]></dc:creator>
		<pubDate>Fri, 28 Oct 2011 05:22:55 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=34445#comment-160228</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155740&quot;&gt;JamesM&lt;/a&gt;.

James M...the note is a check, it is not a ship....The same laws apply to the note as do to a check...You can&#039;t cash a check more than once....ever try to cash a third party check at a bank? Once a note has been coverted into a stock, you can&#039;t convert it back to a note...That is why they destroyed the notes after they sold the loan to Wall Street...they had to.   Put it this way James,  you can&#039;t chop up an apple and turn it into mush and then turn it back into an apple...The note is cancelled James, the day they sold the loan to Wall Street...the note was paid and so was the mortgage...]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155740">JamesM</a>.</p>
<p>James M&#8230;the note is a check, it is not a ship&#8230;.The same laws apply to the note as do to a check&#8230;You can&#8217;t cash a check more than once&#8230;.ever try to cash a third party check at a bank? Once a note has been coverted into a stock, you can&#8217;t convert it back to a note&#8230;That is why they destroyed the notes after they sold the loan to Wall Street&#8230;they had to.   Put it this way James,  you can&#8217;t chop up an apple and turn it into mush and then turn it back into an apple&#8230;The note is cancelled James, the day they sold the loan to Wall Street&#8230;the note was paid and so was the mortgage&#8230;</p>
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		<title>
		By: Mary		</title>
		<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-160217</link>

		<dc:creator><![CDATA[Mary]]></dc:creator>
		<pubDate>Fri, 28 Oct 2011 04:58:02 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=34445#comment-160217</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-158376&quot;&gt;Gregory Bryl, Esq.&lt;/a&gt;.

Troll perhaps?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-158376">Gregory Bryl, Esq.</a>.</p>
<p>Troll perhaps?</p>
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		<title>
		By: Gregory Bryl, Esq.		</title>
		<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-158376</link>

		<dc:creator><![CDATA[Gregory Bryl, Esq.]]></dc:creator>
		<pubDate>Thu, 27 Oct 2011 04:39:41 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=34445#comment-158376</guid>

					<description><![CDATA[Hmm... Looks like the TILA and RESPA claims are lo-o-ong time-barred, and the rest are based on some vapor theory that you somehow cannot issue securities against a pool of loans (MBS).  Too much like the &quot;note split from the deed&quot; theory.  Gotta agree with JamesM here.  Let&#039;s see if this complaint can survive even the most casual motion to dismiss.  Looks like this guy had friends in the media to get coverage for something like this complaint.  Most pro se complaints fare better than this likely will.]]></description>
			<content:encoded><![CDATA[<p>Hmm&#8230; Looks like the TILA and RESPA claims are lo-o-ong time-barred, and the rest are based on some vapor theory that you somehow cannot issue securities against a pool of loans (MBS).  Too much like the &#8220;note split from the deed&#8221; theory.  Gotta agree with JamesM here.  Let&#8217;s see if this complaint can survive even the most casual motion to dismiss.  Looks like this guy had friends in the media to get coverage for something like this complaint.  Most pro se complaints fare better than this likely will.</p>
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		<title>
		By: acmodspecialists		</title>
		<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155919</link>

		<dc:creator><![CDATA[acmodspecialists]]></dc:creator>
		<pubDate>Wed, 26 Oct 2011 01:00:34 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=34445#comment-155919</guid>

					<description><![CDATA[http://movies.yahoo.com/movie/1810165648/video/26881736]]></description>
			<content:encoded><![CDATA[<p><a href="http://movies.yahoo.com/movie/1810165648/video/26881736" rel="nofollow ugc">http://movies.yahoo.com/movie/1810165648/video/26881736</a></p>
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		<title>
		By: housemanrob		</title>
		<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155835</link>

		<dc:creator><![CDATA[housemanrob]]></dc:creator>
		<pubDate>Wed, 26 Oct 2011 00:22:33 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=34445#comment-155835</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155536&quot;&gt;Hell No - No More Bleeping Bankster Bailouts&lt;/a&gt;.

Hell No...........I can&#039;t believe they are even trying that one.....it is a loser, one big failure....COUNTRYWDE DBA AMERICA&#039;S WHOLESALE LENDER.....I have a war veteran buddy who hasen&#039;t made a payment in 4 and one half years....same entity, before they incorporated, they technically did not exist....they don&#039;t do anything, don&#039;t even call him anymore. Y OU SHOULD WIN LIKE SECRETARIAT....GOING AWAY!]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155536">Hell No &#8211; No More Bleeping Bankster Bailouts</a>.</p>
<p>Hell No&#8230;&#8230;&#8230;..I can&#8217;t believe they are even trying that one&#8230;..it is a loser, one big failure&#8230;.COUNTRYWDE DBA AMERICA&#8217;S WHOLESALE LENDER&#8230;..I have a war veteran buddy who hasen&#8217;t made a payment in 4 and one half years&#8230;.same entity, before they incorporated, they technically did not exist&#8230;.they don&#8217;t do anything, don&#8217;t even call him anymore. Y OU SHOULD WIN LIKE SECRETARIAT&#8230;.GOING AWAY!</p>
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		<title>
		By: Hell No - No More Bleeping Bankster Bailouts		</title>
		<link>https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155808</link>

		<dc:creator><![CDATA[Hell No - No More Bleeping Bankster Bailouts]]></dc:creator>
		<pubDate>Wed, 26 Oct 2011 00:04:54 +0000</pubDate>
		<guid isPermaLink="false">https://4closurefraud.org/?p=34445#comment-155808</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155536&quot;&gt;Hell No - No More Bleeping Bankster Bailouts&lt;/a&gt;.

@Housemanrob

I have read that filing more than once and even searched it. I do not find where the suit states ANY relationship between BofA and AWL. I contact the guy who did the write-up in that original newspaper column. He claimed he pulled the comment from the suit. I must be going blind from too many hours in front of this computer screen. I have yet to find it.

I do take note that the suit points out that there is no way that anyone had authority to do the assignments. That goes along with the attorney knowing he is dealing with the non-formed &#039;AWL Corp&#039;.

Even if the argument on the conversion to stocks is booted, the other points on the fact that the assignments could not be done is a FACT.

In this case, they have to have an assignment from AWL Corp to Countrywide because CW is the Originator. It never happened and it never COULD have happened in the time frame required under IRS and NY Trust law for the REMIC.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://4closurefraud.org/2011/10/25/schott-v-bac-home-loans-lawsuit-says-securitization-process-waives-banks-foreclosure-rights/#comment-155536">Hell No &#8211; No More Bleeping Bankster Bailouts</a>.</p>
<p>@Housemanrob</p>
<p>I have read that filing more than once and even searched it. I do not find where the suit states ANY relationship between BofA and AWL. I contact the guy who did the write-up in that original newspaper column. He claimed he pulled the comment from the suit. I must be going blind from too many hours in front of this computer screen. I have yet to find it.</p>
<p>I do take note that the suit points out that there is no way that anyone had authority to do the assignments. That goes along with the attorney knowing he is dealing with the non-formed &#8216;AWL Corp&#8217;.</p>
<p>Even if the argument on the conversion to stocks is booted, the other points on the fact that the assignments could not be done is a FACT.</p>
<p>In this case, they have to have an assignment from AWL Corp to Countrywide because CW is the Originator. It never happened and it never COULD have happened in the time frame required under IRS and NY Trust law for the REMIC.</p>
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