May 5, 2021

see https://www.youtube.com/watch?v=EDw6w0r4yZ8

The only names you see are the ones that the Wall Street banks want you to see. They’re all placeholders, brokers, or conduits. None of them do anything. They don’t lend money, they don’t collect money and they don’t own any debt, note or mortgage. And for those in litigation, they don’t create records at or near the time of any transaction because they did not take part in any transaction — whether it be payments to or from the homeowner.

Those business records exceptions are neither business records nor any exception to the hearsay rule. they should never be allowed into evidence. but they will be if the homeowner fails to object and challenge at the right time in the right ways. Failure to object and challenge in a timely and proper way forces the judge to rule against the homeowner despite the absence of a claimant or a claim. That is not bias — thems the rules.

Any law firm that says it represents a client who has received authority to enforce from one of those ghost companies is leaving out the one allegation that should be required, to wit: that the grant of authority came from someone with the legal power to grant such authority — because it ultimately comes from eh owner of the underlying obligation s set forth in Article 9 §203 UCC adopted verbatim in all U.S. jurisdictions.

The infrastructure we accept as being plausibly real is the basis for plausible deniability and nonaccountability. the current infrastructure depends entirely upon designated creditors rather than real creditors. This is moral hazard as its extreme. It allows for violating the most basic laws, rules, customs, and practices of lending and collection.

The bottom line is that in most instances the transaction with homeowners was a concealed investment by the homeowner into a securities scheme in which the homeowner received neither revenue nor profit. The entire infrastructure was the opposite of what we know as lending and the transaction label as “loan” should be rejected.

The truly ingenious thing that Wall Street did was to conceal from the homeowners that they were investing and guaranteeing their own financial doom. To this day, nearly all such homeowners believe that a loan account was created and that someone had paid value in exchange for legal ownership of the underlying obligation.

People who are or were homeowners want to believe that they were right and that they’re still right in looking at the transaction as a loan because they think they will look stupid if they say otherwise. That is exactly what the Wall Street banks are counting on. And it is exactly what will bring financial ruin to the doorstep of most homeowners eventually. It certainly will prevent them from successfully defending unlawful and fraudulent foreclosures.

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Nobody paid me to write this. I am self-funded, supported only by donations. My mission is to stop foreclosures and other collection efforts against homeowners and consumers without proof of loss. If you want to support this effort please click on this link and donate as much as you feel you can afford.
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Neil F Garfield, MBA, JD, 74, is a Florida licensed trial and appellate attorney since 1977. He has received multiple academic and achievement awards in business and law. He is a former investment banker, securities broker, securities analyst, and financial analyst.
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