The Biggest Mortgage Fraud in History Exposed Pt. 5

DAVE

The notes are basically on Wall Street, are being taken in and spun over anywhere from 9-30 times, maybe more.  We don’t know because they’re hidden in the MERS system.  The MERS Electronic Database keeps track of all the transfers, but none of these are recorded in the Land Records and this is what’s causing the problems with the title.

HOST

And they come take houses, as in some cases, not just when you are behind and then they fraudulently do it.  They just take houses that they never had anything to.

DAVE

Well, it could have been because of the fact that when I was talking to a title guy in Cleveland yesterday, he told me that we see a lot of problems and mistakes that were done because somebody who was preparing the warranty deed, put the wrong legal description on and basically, when they filed the warranty deed, all of the sudden, it looked like that there could be a potential slander of someone else’s title.  And so, when you are looking at a legal description that all of the sudden should say Lot 6, Block 7 but because of the fact that they are having a bad day and looked cross-eyed into the computer and didn’t have enough coffee and hit Lot 7, Block 7, all of the sudden, we have lien on the wrong property.  This is where you see a lot this backlash.

HOST

Yes.  I saw cases, just speaking in California and LA.  They are now having thousands of cases a year of innocent people being arrested because they just clicked your name in a bank robber or a child molester’s area and now your life is ruined.  It so Byzantine that no one can fix it.

DAVE

It’s going to take a least a century to fix this problem if we can stop MERS now.  I do know that there is movement afoot by many legislators who try to cut the MERS equation out of the record dating process…

HOST

Then what does that do to all the derivatives based on it worldwide?

DAVE

The derivatives generally don’t have anything to do with what’s on the Land Records.  They two distinct entities but I mean, you literally could go out if you wanted to and if it was available.  You literally could bet against the weather.  You can say, “You know what?   It’s known that it’s going to rain tomorrow but I’m going to bet against the fact that it’s going to rain.  I bet that it’s going to be sunny.”  So that when it comes to find out that it is not sunny, I’m going to collect on that bet. This is kind of what they did when they structured these loans.

HOST

I know, but I mean, if MERS goes under, they’ll lose more of the cases.  My point is, all these frauds are based on this fraudulent filing system.  From what I have read, the big banks are still doing this.

DAVE

Yes, they are.  This is a thing that we have to – the only thing that I could do because I can’t give you legal advice, I’m a paralegal and not an attorney, but having looked at this from a journalist’s perspective, the only thing that we can do is say no to MERS mortgages.  Just say, “I’m sorry, I’m not going to sign any mortgage paperwork if MERS is involved.”

HOST

So anybody that’s going to buy a house, anybody that is going to sell a house, or reify or already has a house that has a mortgage, you need to get the book, Clouded Titles at inforwarshop.com and read it.  It’s amazing.

Now, continuing here.  First off, here is the toll-free number if you have a horror story, if you have question that he can generally speak to.  We have lawyers on and they’re not going to speak on your case because they don’t know the particulars, so we can’t give legal advice but just general comments or what you would do if you have horror stories, or stories in your family or questions, comments or success stories, we love to hear from you.  The toll-free number to join us is 800-259-9231.  This is a big deal.  It affects our whole economy.  Clouded Titles, Dave Krieger and the book, 800-259-9231.  We will start taking your calls coming up in the next segment.  We will take about 40 minutes of calls.

Continuing, what are some of the other patriot mythology things?  Because people call me, they hear me for 17 years, they send me some of these big stacks of legalese and if I just announced this and that and filed this and I file, magically, bond money that’s under my Social Security Number will be sent to me.

[http://www.youtube.com/watch?v=bR98D3B9lBE]

The Biggest Mortgage Fraud in History Exposed Pt. 5
mortgage expert witness

The Biggest Mortgage Fraud in History Exposed Pt. 4

But imagine old ladies or people who don’t know what they’re doing.  I am certainly no rocket scientist especially 14 years ago.  I have learned a lot since then.  But if you have seen the cases on the news, I mean, we played this here for like CNN where they took in Florida a $1.2 million house that has been paid for a decade plus before with cash, never had a securitized note that it had been sold out in the market.  Explain this to people and let’s get in, as you were, to the Patriot mythology.  Some of the stuff were, “Declare yourself as sovereign of the realm of the Lord and file it”, and they will come and arrest you.  Because that was no different than what the bankers are doing.  If they’re engaged in fraud, you don’t go file something else.  You need to get this book, folks, because this has got a bunch of the cases that actually have succeeded and there are different types of fraud going on.  Please continue, Dave.

DAVE

Sometimes it gets very ugly.  We see cases like the one in Stanislaus County, California where the woman is trying to protect her parents’ house.  It’s in the final stages of foreclosure and you know, these well-meaning souls out there, I call them “patriot paralegals” type up these documents thinking that they can use the UCC common law and basically, they move outside the system’s tools to attempt to enforce their way on the system.

HOST

And the system immediately recognizes that it’s not within “kosher” systems.

DAVE

Exactly and these is what causes the problems and as a result of her filing these documents in Stanislaus County, the District Attorney had her prosecuted.  We’ve have instances, numerous instances that I’ve run across in the state of Texas where somebody has gone in and had written and filed affidavits after the trustees deemed the property was foreclosed.  It was sold.  The trustees’ deed was filed and so instead of fighting it at a detainer hearing which would be the next thing, gets kicked out of your house and so we have to do a forcible detainer hearing.  What ends up happening is this particular person files a whole series of documents starting with an affidavit, rescinding everything that has already been foreclosed on.  Well, it’s a little late for that.  When she went to the county clerk to record it, there was somebody who didn’t even worked at the Clerk’s office that looked at the documentation and said, “I don’t think I’d file that step if I were you.”  She went ahead and did it anyway.  When I got to look at it, I was just like scratching my head going, this is paralleling the case in Stanislaus County.  A judge literally…

HOST

There are a bunch of scammers.  I know a bunch of patriot paralegals who are winning in court and who are having success.  But they’re following cases that have won. They’re following systems that are there.  There is success there as well, but there are a bunch of lawyers – I’ve seen countless cases now that are having victories.  The point is you want to go with real instruments that point out the fraud that the bankers are engaged in.  Don’t counter their fraud with your own made out garbage.

DAVE

Well, look at the Country Land Records as a sacred vault of documents that basically represents a person’s chain of title, from the time they took possession of it and were given a warranty deed all the way up to the current state and condition of title.  Through this chain of title assessment seminars and stuff that I do, I teach people to go in and analyze step by step from the warranty deed forward, to see how many times the chain of titles had been affected.  One of the things that we are seeing is, the more you go out and borrow, reify, reify, get a heel lock and reify; the worse condition the chain of title becomes, because you have more outside third parties interfering in the chain and filing documents that appear to be legitimate when they are anything but.

HOST

Let me ask you this, how bad does it get?  Because there are different economists, experts and lawyers and some of the lawyers that have won in court that you mentioned in your book.  They talk about how many times in derivatives the securitized loans are being sold and the fraud that these groups are holding.  How many times are they selling these titles on average?

The Biggest Mortgage Fraud in History Exposed Pt. 4
mortgage expert witness

The Biggest Mortgage Fraud in History Exposed Pt. 3

MERS, actually only is a computer database that, for all intents and purposes, tracks the sales of these repetitively as they occur on Wall Street between the parties.

The unfortunate thing about MERS, which it admits by the way, is that is not a substitute for the Land Records.  All it is, is an electronic database that is used by its membership subscribers which is kind of like the credit bureaus, if you ever wonder who inputs the data on the Credit Reports, well these are all these members subscribers of the credit bureaus that have access to this information.  The credit bureau is entrusted through the Fair Credit Reporting Act to basically keep track and make sure that everything that is being reported is accurate, which is why we have the dispute process.

You know, just to look just at the opposite, MERS does not have this kind of government regulation as due the banks.

HOST

So it is not a real deed registration. They created it so they could run these scams and sell the deeds over and over again.

DAVE

Well, they sell the mortgage notes over and over again.

HOST

Exactly.  How many times exactly?  But it is the same thing in the final equation?  Wouldn’t it?

DAVE

Well, actually no.  Your mortgage note, it was really sad to hear that…

HOST

I know they’re two different things but they come back to court and try to take your house with it?

DAVE

Exactly, but they try to come with part of the equation, not all of it.  This is one of the things that the attorneys who are studying these stuff and sharing this information with me, they’re telling me that they’re trying to get the entire equation put together and do it in such a way that the judge will believe it because right now…

HOST

So they are engaged in perjury, fraud and constructive fraud, but the issue here is that for years now, they’re getting clocks cleaning courts all over the place and that’s what you break down on your book.

DAVE

A lot of them have been.  We have a few significant cases where the homeowners have won.  We just had a Rico-style action happen down in the Gulf Coast of Florida.  We have an appellant attorney down there in Englewood that actually won a case.  It is Elizabeth Coursen and you know, it has been circulating around the Internet.  I’m sure that if you type in Coursen, you’ll see that case.  We actually defeated a motion to dismiss there on the appellant level, basically we’ve reversed it.

We are having a few victories and then of course, we have some of the sad consequences of what happens to people when they go on and try to fight this thing on their own and they file documents in the Land Records that are not appropriate.  As I was sharing with you before we went on the air Alex, this woman in California filed a document in the Land Records in an attempt to stop a foreclosure of her parents’ home.  Now, she was convicted of two felony counts and sentenced to a year in jail.

HOST

Stay there.  We are going to come back and break that down because there are people out there on the Internet that will tell you stuff like this.  This is the power of common law.  You are filing and swearing to something.  Let me tell you, it is fraud if it’s not true.  Now, the banks are doing it, but just because they’re engaged in fraud, doesn’t mean we now run to beat them and engage in fraud.

BREAK

Dave Krieger is the guest in our studio.  You have literally hundreds of trillions of dollars worldwide by the Chinese government, Russian government, European governments and pension funds.  This is also done in Europe to some extent, though not as bad as here, but some countries are even worse from what I’ve read to where it’s all just fraudulent. I remember, they make you put money in escrow to pay your property taxes.  On my first house like 14 years ago, I moved into this little-bitty house that I had put my money in.  About a year later, I was told that my mortgage had been sold two or three times  and it’ is finally Bank of America.  Every few months, it’s a new place to — back then, it was send the check in and then they said, “You don’t have $3,000 or whatever it was on escrow.”  I hadn’t checked the escrow.  We did.  They’ve taken the money and then they would let me know that they are starting proceedings to take the house that I have put money down on and have been paying on for a year and half or so.  I had to go get a lawyer and send them a letter and threaten Bank of America.

The Biggest Mortgage Fraud in History Exposed Pt. 3
mortgage expert witness

The Biggest Mortgage Fraud in History Exposed Pt. 2

Yes.   It is $50 trillion they made off derivatives.

HOST

By the way, you don’t add here, you are Vietnam veteran, combat veteran.  What was it like for you to see the country become this corrupt?

DAVE

You know what?  From a Vietnam vet’s point of view, it is sad that we have to see all these stuff that went over there.  I mean, first off, most of the vets in Vietnam didn’t even know why they were there.  In most of the stuff I was involved in was involved with Army security agencies and so I don’t talk about that.  It is just one of these things where as far as combat goes, you know, we didn’t see a lot of that.  We were more behind the scenes.

HOST

You were more of an Air America capacity. (Laughter)

DAVE

You got to love that.  You got away with that one.

HOST

Loving government, huh?

DAVE

I got to love it.  Air America, Black Ops, all of the other good stuff.  We know that there is some amount of that going on but…

HOST

It is a very loving government.

DAVE

The bigger problem we have now is trying to…

HOST

I have some family in Army security and you know what they did in the US?

DAVE

I’m ears.

HOST

I said it before.  I’m not going to get into it.  Anyways, we will be right back ladies and gentlemen, stay with us.

BREAK

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HOST

Here it is.  Deed, who really owns your home?  Over 700,000 or that 70 million?

DAVE

70 million.

HOST

70 million titles.  I can’t read that, it is so big.  The property is clouded.  Is yours one of them?  This book can help you find out and fix it.  I use information similar to this book to make sure with my house that I had that.  It goes on to break it all down, Clouded Titles, new updated edition, with case studies and cites and Dave Krieger is our guest.   It is available at infowarshop.com.

As I was saying, an invaluable book to have.

Okay Dave, this is a short segment, the long segment coming up.  Break down how the scam worked, what happened, what MERS is and let’s get into the usual suspects.  I mean, it seems like everything the Attorney General is involved in it, even back during Clinton, with his law firm.  He was Deputy Attorney General, getting all these change, where this is going and let’s go into the patriot mythology, getting a lot of people in trouble versus real stuff that’s in your book and then let’s take phone calls.

DAVE

Sure.  Well, Alex, the thing started in 1995.  It was a concept of how can we basically control, track and transfer these mortgage notes on Wall Street. So Fannie Mae, Freddie Mac, the Mortgage Bankers Association, American Land Title Association and all the major banks got together and came up with a game plan and they got Covington and Burling law firm in Washington, DC to issue an opinion letter and basically, what it did was it gave what we call Mortgage Electronic Registration Systems or MERS claims to do what it’s doing in America.

What in essence happens is that when you go to the closing table and you sign this piece of paper which represents a mortgage or deed of trust, there is an 18-digit MIN number or MERS Identification Number that is the property of MERSCORP Holding, Inc. that appears near the document title.   The things that we have been trying to do is to get people to recognize this, which is one of the fundamental reasons I wrote the book because if you knew what the consequences were of getting a MERS loan or MERS mortgage.  MERS doesn’t have anything to do with the actual mortgage note itself.

The Biggest Mortgage Fraud in History Exposed Pt. 2
mortgage expert witness

The Biggest Mortgage Fraud in History Exposed Pt. 1

For the next hour and twenty minutes as I said, we are joined by a guy we had on the radio a few weeks ago on the nightly news and back by popular demand.  Dave Krieger is a former major market radio news reporter right here at News Radio 590 AM where we’re on.  He is a news director, television news reporter, anchorman and investigative journalist who has won National State News awards from Associated Press Broadcasters.  Dave was a former member of the Radio Television News Directors Association and began studying law in the early 1990s.

He just found out about all this fraud with the titles and everything and so got into that.  He has been working with some big law firms and has been at the national news, that’s how I found about him, beating the big banks. Now, he has been putting on these big paralegal events where lawyers come to learn from him.  The newest incarnation of his book, Clouded Titles is 396 pages of the latest with court cases that are winning strategies that will win and not get you put in prison.

So it’s very, very exciting.  Lawyers are buying this by the case and so are the lawyers handing them out to their clients.  It’s for sale at infowarshop.com or 1-888-253-3139 and we have it discounted, I think by $10 off the regular price at infowarshop.com.  It is the lowest price anywhere where evil capitalists care.  So be sure and check it out at infowarshop.com.

I just want to say to Dave, you didn’t build this.  You didn’t write this book.  You didn’t go to all the seminars.  You didn’t go interview all the lawyers.  You hadn’t worked for many years at a law firm up in Dallas, fighting this.  You have done nothing.  Would you like to thank Obama for writing your book?

DAVE

Of course, I would.

HOST

Good.  Would you like to thank government for giving birth to you?

DAVE

Actually, the government – Yes, you got to love that.  The government actually helped me out a lot.  As a matter of fact, if it wasn’t for the government and all the shenanigans that have been going on with the big banks and these issues that we are finding out now with Eric Holder and Laney Brewer and the Justice Department ties, we now have a new white paper.

HOST

They did this too, so they didn’t build it actually.

DAVE

We have a new white paper that’s out now by the government accountability institute that actually has gone into detail and has a working model, 27-pages long that goes into detail about the MERS, Eric Holder, Laney Brewer, the DOJ, SEC connections.

HOST

Okay.  Let’s explain further.  Most of the listeners understand this, but we got millions of listeners so there is probably 300,000 – 400,000 people listening for the first time right now.  So, give it a few minutes — skip the break because I’m late.  I need to stop doing this.  I’m out of control.  You know, we can’t skip the break.  Give us just a breakdown of what is happening, the history of this and then give us the latest on the loving DOJ.

DAVE

The basis for writing the book was the fact that I started to see a pattern.  In 2006, I got out of my last mortgage in October of 2006, right before it was going to reset itself as one of those adjustable rate mortgages.  Basically, what was happening was in 2003, when this whole nonsense started, the promotion had been that everybody needed to, and this is part of the brain game, where they put this idea in your head that you need to own a house and it doesn’t matter whether you have a job or not.  That’s why they have these “ninja” loans which are no job, no income, and no assets.

HOST

Do they have that for cars and anything else?

DAVE

Exactly.  You just tell us how much money you want to make and we’ll put it down and we’ll get you a loan for that.  They got these programs out there that are all tied to the securitization market and they use a vehicle called Mortgage Electronic Registration.

HOST

Then they tie these packages of total crud and get government to invest your pension and everything else in that holds you hostage.

DAVE

Exactly, then you find out that your 401 case has been depleted and they’re paying you back at 10 cents to a $1 after you sue them.  In essence, that’s how this…

HOST

They don’t care because they got the fees, swapping all the derivatives crud.  Plus the SWAT team is standing by if you don’t like it.

The Biggest Mortgage Fraud in History Exposed Pt. 1
mortgage expert witness