THE SCAM IS PERPETRATED BY YOUR SO-CALLED LENDER. THEY ADVERTISE THAT THEY OFFER LOANS. THEY WORK WITH MORTGAGE BROKERS NETWORKS NATIONWIDE TO GET CUSTOMERS TO APPLY FOR THE LOAN .ONCE THE LOAN IS APPROVED THE LOANS ARE PLACED INTO A REMIC(REAL ESTATE MORTGAGE INVESTMENT CONDUIT)THE LENDER THEN WAITS FOR THE PAPERWORK TO BE SIGNED.

ONCE SIGNED IT IS IMMEDIATELY TRANSFERRED INTO THE REMIC. ONCE THE REMIC HAS ENOUGH LOANS IT GETS REGISTERED ONTO THE SEC DATABASE AND GETS CONVERTED AND TRADED AS A STOCK. THEN THE LENDER SWITCHES THEIR POSITION FROM LENDER TO SERVICER OF THE NOTE.

UNDER FAS-140 ONCE AN ASSET HAS BEEN SOLD THE LENDER
FOREVER LOSES CONTROL OF THE ASSET. IN OTHER WORDS THEY NO LONGER OWN OR CONTROL THE LOAN. THEY ACT AS A SERVICER FOR THE LOAN, WITH THE PROCEEDS GOING DIRECTLY INTO THE REMIC TO BE DISTRIBUTED TO THE SHAREHOLDERS.
THE REAL PARTY IN INTEREST HAS THE TAX LIABILITY TO AVOID DOUBLE TAXATION ,BANKS PUT THESE LOANS INTO SPV’S (SPECIAL PURPOSE VEHICLES) SO THAT THEY DON’T GET TAXED ON THEM .THIS IS COVERED UNDER INTERNAL REVENUE TAX860.

THIS WAY THE SHAREHOLDERS ARE TAXED ITS CALLED A PASS-THROUGH TAX AND SINCE THE BANKS CHOSE TO HAVE A DISTRIBUTED PARTY OF INTEREST SCHEME TO AVOID PAYING TAXES TWICE,THEY FOUND THAT IF NO ONE ENTITY IS THE REAL PARTY IN INTEREST,THEN EACH SHAREHOLDER OF THE REMIC IS.

THE QUESTION IS WHO HAS THE RIGHT TO FORECLOSE? THE ANSWER IS NO ONE, SINCE THERE ARE THOUSANDS OF SHAREHOLDERS THAT OWN A TINY PART OF YOUR PROMISSORY LOAN,CAN ANY ONE OF THEM FORECLOSE ON YOUR HO– USE. NO. THE PROMISSORY NOTE IS ONLY ENFORCEABLE IN ITS WHOLE ENTIRETY.
THIS IS THE NATURE OF THE FRAUD THAT HAS DECEIVED THE COURTS AND THE BORROWERS , AND THE JUDGES THAT THEY ARE THE REAL PARTIES OF INTEREST WHEN THEY STEAL YOUR HO– USE AND HERES HOW THEY GOT AWAY WITH IT.

REMEMBER SINCE THE LENDER IS JUST A SERVICER ,THEY DO NOT OWN THE NOTE. THEY CAN ONLY ACT AS A SERVICING AGENT .

PLEASE REFER TO CFR TITLE 12: BANKS AND BANKING ,PART 226- TRUTH IN LENDING (REGULATION Z) THESE ARE CODIFIED LAWS OF BANKING . IT DEFINES WHO THE LENDER IS, AND WHAT THE RIGHTS OF A SERVICER ARE:,SPECIFICALLY IT REFERS IN 226 (A) 1 THAT A SERVICER IS NOT TREATED AS THE OWNER OF THE OBLIGATION.

IF THE SERVICER WAS TO BUY A NOTE BACK AFTER IT HAS BEEN SECURITIZED ,REATTACHMENT OF THE LOAN/NOTE TO THE MORTGAGE IS IMPOSSIBLE.

1)PERMANENT CONVERSION
THE PROMISSORY NOTE HAS BEEN CONVERTED INTO A STOCK AS A PERMANENT FIXTURE AND IS FOREVER CHANGED.IT IS NOW A AND FOREVER A STOCK. TREATED AS A STOCK AND GOVERENED AS A STOCK UNDER THE SEC.

SINCE THE MORTGAGE SECURES THE PROMISSORY NOTE ,ONCE THE PROMISSORY NOTE IS DESTROYED ,THE MORTGAGE SECURES NOTHING.

2) THE ASSET HAS BEEN WRITTEN OFF THE DEBT IS DISCHARGED ,SINCE THE OWNER OF THE ASSET HAS RECEIVED COMPENSATION FOR THE DISCHARGE IN THE FORM OF TAX CREDITS FROM THE IRS. THE DEBT IS SETTLED.

THE SERVICER ACTS NOW AS A DEBT COLLECTOR OF AN UNSECURED NOTE,THE SERVICER IS DECEIVING THE COURT,THE COUNTY,AND THE BORROWER WHEN IT TRIES TO RE-ATTACH THE PROMISSORY NOTE TO THE MORTGAGE AS IF NOTHING HAS HAPPENED. IT IS CALLED ADHESION

THE FUNNY THING ABOUT THIS LAW IS,IT IS LEGAL UNLESS THE OTHER PARTY OBJECTS. SINCE IT IS SO DEVIOUS,IT IS BEYOND COMPREHENSION OF MOST PEOPLE …INCLUDING THE LAWYERS AND JUDGES. IT TAKES SOMEONE WHO HAS STUDIED ACCOUNTING,SECURITIES AND LAW TO UNRAVEL THIS DECEPTION. MOST PEOPLE IN THE LEGAL PROFESSION ONLY TAKE THE ARGUMENTS ON FACE VALUE.

3) UNDER THE UNIFORM COMMERCIAL CODE (UCC) THE PROMISSORY NOTE IS ONE OF A KIND INSTRUMENT .ALL ASSIGNMMENTS (MUCH LIKE THE ENDORCEMENTS ON THE BACK OF A CHECK) HAVE TO BE DONE AS A PERMANENT FIXTURE ONTO THE ORIGINAL PROMISSORY NOTE. THE ORIGINAL PROMISSORY NOTE HAS THE ONLY LEGALLY BINDING CHAIN OF TITLE . WITHOUT THE PROPER CHAIN OF TITLE ,THE INSTRUMENT IS FAULTY.

RARELY A LENDER CAN “PRODUCE THE NOTE” BECA– USE BY LAW ,THE ORIGINAL NOTE HAS TO BE DESTROYED REMEMBER? THE NOTE AND THE STOCK CANNOT EXIST AT THE SAME TIME. HOWEVER OCWEN STATED TO ME IN A LETTER ON JUNE 18,TH 2014 THAT THE ENTITY THAT CURRENTLY OWNED THE LOAN AND HOLDS THE NOTE WAS LEHMAN XS TRUST SERIES 2006-GP4 AND YOU CANNOT HAVE A
A STOCK AND A LOAN AT THE SAME TIME. IT IS A FORM OF SECURITY FRAUD.

I TRIED TO SUBMIT THAT LETTER AS EVIDENCE BUT IT WAS ONE OF 2 PAGES AND OCWENS LAWYER OBJECTED TO ME SUBMITTING WITHOUT THE SECOND PAGE AND THE MAGISTRATE WOULD’NT LET IT BE SUBMITTED,BUT I DO HAVE THE SECOND PAGE.

ONCE A NOTE HAS BEEN SECURITIZED THE NOTE IS NO LONGER. ANYTHING THE LENDER BRINGS TO COURT AS EVIDENCE IS PRIMA FACIA EVIDENCE OF FRAUD. THE ATTORNEY FOR THE LENDER IS EITHER AN ACCESSORY TO FRAUD THROUGH IGNORANCE OR WILLFUL INTENT. THIS DECEPTION NEEDS TO BE BROUGHT TO LIGHT SO THESE LAWYERS CAN BE SANCTIONED.

SO THE LENDER WOULD CLOSE YOUR LOAN AND SELL IT TO REMIC AND GET PAID. ONCE THE LOAN GOES TO DEFAULT ,
THEN THE LOAN IS THEN WRITTEN OFF . THE LOAN IS THEN BOUGHT BY THE SAME LENDER IN THE OPEN SECONDARY MARKET AS A DEAD/UNSECURED NOTE FOR PENNIES ON THE DOLLAR.

TO BE ABLE TO PULL THIS STUNT OFF,EVERY LENDER INVOLVED IN THIS SCHEME IS REQUIRED TO ACT IN COLLUSION.
ONCE THE SERVICER BUYS THE DEAD NOTE ,THEY THEN CLAIM TO BE THE TRUE HOLDER IN DUE COURSE OF A WRITTEN OFF ASSET. THEY THEN PRESENT TO THE WORLD THEY ARE WHO THEY CLAIM. THEY RELY ON THE HOMEOWNER TO BE IGNORANT OF THIS DECEPTION AND CLEAN UP,ALLOWING THEM TO TAKE POSSESSION OF A HO– USE FOR PENNIES ON THE DOLLAR. THIS IS THE EXTENT OF THE FRAUD DONE TO THE AMERICAN PUBLIC EVERY SINGLE DAY.

http://stopforeclosurefraud.com/2013/08/25/elesh-v-mers-deutsche-bank-ill-dist-ct-borrower-can-attack-the-assignment-if-the-assignment-is-clouding-his-title-deutsche-bank-couldnt-prove-it-had-a

http://msfraud.org/law/lounge/Order-to-Compel_Title_ownership_money-transfer_Barnes_8-13.pdf

Probably because they bought into the guilt trip of the banks. “Well, you know Blanche, we haven’t paid one thin dime on this mortgage for a long time, and they just want their money.” AAAHHH!!!

it may be possible they owe treble damages. 1.5 Trillion in taxes times treble !

The banks have been living in a delusional fairy tale while the homeowners have been living in the twilight zone of hell. This same question has crossed my mind many times, however the homeowners have been held hostage to the farce fraud fairytale by judges blockading justice and sheriffs doing their bidding of the banks while denying this is a crime, when other wise the sheriffs would tell you they this is a civil matter, they can not get involved. But they can run you out on a fabricated fraud assignment just because the thief says so. . It appears no one should be paying funds to these thieves. The law has to protect us for doing what is lawful and contractual or the risk of losing your home has been to high. Kind of like being right but being dead right. The banks crimes have been supported by the lawless judicial system and the sheriffs department. Makes it hard to stand our grounds and causing homeowners and their attorneys to deal with the devil or lose the house. There has been very little justice in most courts. It is changing for the better day by day. The corrupt judges should be wearing egg on their faces and be disbarred.And see how easy it is for them to find a job that pays their bills after the economic harm done by the banks. 18USC 4 can actually put the judges and bank lawyers in prison.