Foreclosure Defense Florida

Fake Allonges – Court Opinion

bankruptcy-arizona-weidnerThe improper use of allonges and the failure to properly endorse or transfer the promissory note continues to be a significant issue in any foreclosure or bankruptcy case that deals with negotiable instruments.   Many good courts will examine the documents closely to determine what evidence   of transfer exists and, as in the case reported below, will order sanctions when it appears the proponent of a document has committed fraud on the court.

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3 Comments

  • All allonges are fake. The complex explanations about when an allonge is valid, and “conveyance of the note”, is designed to confuse; providing layers of cover for fraud. Mortgage companies don’t loan money. They find people who will advance them a loan based upon your signature. At least three mortgage companies connected to our loan are forging allonge notes at our expense, cashing them as much as four years after we closed our “loan”. The Chapter 7 bankrutpcy court allowed them to do it, and covered up the money laundering fraud. Trustee John Kendall changed his telephone number so that we couldn’t reach him; when we wrote a letter of inquiry, it came back as “undeliverable”. What a fraud!

    Remember the words on promissory or adjustable rate notes: “In payment of a loan I have received’. The wording should read: “In payment for a loan I am about to receive”. Once you signature is on the document, the “lender” takes months to find a buyer or taker for your signature, gets more money than they give to the “borrower”, and keeps the rest. Plus, the IRS and the Treasury have assured them that they may cash allonges and issue fake promissory notes without reporting the transactions or pay taxes on them. That’s why regulators should be going to jail right along with mortgage companies and with every member of congress who invests in mortgage-backed securities and who become entrenched in “insider trading”.

  • So! A bankruptcy judge denied a motion for a relief from an imposed automatic stay sought by Saxon Mortgage Services against the borrower, did he? I see also that the court wants Saxon representatives to show cause as to why he shouldn’t impose sanctions. The inference: ” I wish I didn’t have to punish you, but this is embarrassing, and I have to do something.”

    Then, ” I’m not about to recommend that your company CEO be prosecuted for Fraud or even that you lose your license, or prove that you have license to practice in Arizona in the first place.

    If you can find any reason why I shouldn’t sanction you, just tell me and you’re off the hook!”

    My case is a bit different. This Judge in Oakland’s Chapter Seven Bankruptcy court was much more decisive. He allowed Saxon Mortgage to file a proof of claim, while Deutsche Bank got him to remove our automatic stay, or so they tried to fool us into thinking. This Judge let these frauds pass forged allonges, in blank, and then cash them for a payoff of at least $1.3 million dollars against our ” adjustable rate note”. Four allonges were created and deposited into the accounts of Deutsche Bank
    and NovaStar Mortgage, Inc.

    Our home loan is $475,000, and it’s real value is under $200,000, so why the other three allonges? We have a huge problem; judges who not only are protecting these thieves, but they’re in bed with them; insider trading, allonge note money laundering, forged documents galore, name it and these guys get away with it; but not in this case. I’m going to keep calling out these fraudulent regulators for not keeping to their oath of office,
    and for allowing untold billions in taxes slip through their buttery fingers.

    Time to put out the lights. Enough of this vanilla system of crime and punishment because we get the
    crime, and we suffer punishment. Time to put the blame where it lies, and make the regulators and the legislators break ties”¦.with these pretender lend

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