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All across this country, we have courts issuing orders of foreclosure that transfer properties, the physical dirt upon which this county is built, to “The Banks”.  Most judges have no idea that “The Banks” have no ownership interest in those properties (hell, most attorneys don’t understand this).

But there is one thing that is absolutely certain in the vast majority of cases…

THE PLAINTIFF NAMED IN A FORECLOSURE LAWSUIT HAS NO  OWNERSHIP INTEREST IN THE LOAN THAT IS BEING FORECLOSED UPON

Most likely, FannieMae/FreddieMac/VA, some other quasi-government agency or some shadowy trust figuratively “owns” the property after a foreclosure and title is issued.  But the title issued to that purported principal is, in most cases, figurative at best.  While title may transfer via judgment or deed to the actual principal entity after the straw party plaintiff concludes the case, the reality is the home then becomes “owned” by whatever foreign government or shadowy tranche purchasing trust actually owns the shares in that trust.

It’s terrifying to know just how many hundreds of thousands of properties all across this country have been transferred, effectively to foreign interests as secured creditors, with no one even bothering to consider what this means.

What we do know is that years ago China stopped buying unsecured Treasury note obligations, and converted their “investment” into the enterprise known as USA into purchasing interests in Fannie/Freddie obligations.  They converted from unsecured investment to secured investments in the Dirt called ‘Murica.
Even after all these years I’m still flabbergasted that people in positions of power at the local and state levels don’t stop to consider what this means. It baffles me how judges at the trial level are perfectly content to enter judgments to nominal plaintiffs knowing full well that the Plaintiff has no interest in the actual property.  If pressed by good foreclosure defense, especially through discovery, most plaintiffs will admit…

WE HAVE NO INTEREST IN THE PROPERTY…BUT WE REFUSE TO DISCLOSE WHO REALLY OWNS THIS PROPERTY

In far too many cases, inexplicably, trial court judges allow them to get away with this terrifying legal dodge.

Why do “our” courts continue to nurture the dangerous (and incorrect) legal principal that possession of an original note ends all inquiry into whomever actually owns that note…especially in cases where the party in possession of the note admits,

“we’re in possession of the note on behalf  of another party but we refuse to disclose who we’re in possession on behalf of and we refuse to provide to the court any proof that this mystery principal has actually provided us any agency authority”?

 This is sheer, incomprehensible madness.  Courts all across this country are turning America over to Plaintiffs knowing full well that the identity of the true and rightful owner of the property is being concealed.

I’m sure nothing is wrong with this.

One Comment

  • cindy says:

    Even scarier might be happening…What the heck is this – Isn’t CACI a defense contractor?

    SEC Form 8-K
    Current Report
    Filed Nov 5, 2013

    FOURTH AMENDMENT TO CREDIT AGREEMENT
    Dated as of October 31, 2013
    among CACI INTERNATIONAL INC, as the Borrower,
    THE SUBSIDIARIES OF THE BORROWER IDENTIFIED HEREIN, as the Guarantors,
    BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer,
    and The Lenders Party Hereto
    Arranged By: MERRILL LYNCH, PIERCE, FENNER & SMITH, INCORPORATED, J.P. MORGAN SECURITIES LLC, WELLS FARGO SECURITIES, LLC, ROYAL BANK OF CANADA, SUNTRUST ROBINSON HUMPHREY, INC.,
    and PNC CAPITAL MARKETS, LLC, as Joint Lead Arrangers and Joint Book Managers…
    IN WITNESS WHEREOF , the parties hereto have caused this Fourth Amendment to be duly executed as of the date first above written.
    BORROWER: CACI INTERNATIONAL INC, a Delaware corporation
    By: /s/ Thomas A. Mutryn
    Title: Executive Vice President, CFO & Treasurer
    GUARANTORS: CACI PRODUCTS COMPANY, a Delaware corporation; CACI PRODUCTS COMPANY CALIFORNIA, a California corporation; CACI, INC.-FEDERAL, a Delaware corporation; CACI, INC.-COMMERCIAL, a Delaware corporation; CACI TECHNOLOGIES, INC., a Virginia corporation; CACI DYNAMIC SYSTEMS, INC., a Virginia corporation; CACI PREMIER TECHNOLOGY, INC., a Delaware corporation; CACI MTL SYSTEMS, INC., a Delaware corporation; CACI SYSTEMS, INC., a Virginia corporation; CACI-CMS INFORMATION SYSTEMS, INC, a Virginia corporation; CACI ENTERPRISE SOLUTIONS, INC., a Delaware corporation; R.M. VREDENBURG & CO., a Virginia corporation; CACI-WGI, INC., a Delaware corporation; CACI SECURED TRANSFORMATIONS, INC., a Florida corporation; CACI-NSR, INC., a Delaware corporation; CACI TECHNOLOGY INSIGHTS, INC., a Virginia corporation; CACI-ATHENA, INC., a Delaware corporation; BUSINESS DEFENSE AND SECURITY CORPORATION, a Virginia corporation; CACI-ISS, INC., a Delaware corporation; CACI-SYSTEMWARE INC., a California corporation; APPLIED SYSTEMS RESEARCH, INC., a Virginia corporation; TECHNIGRAPHICS, INC., an Ohio corporation; PANGIA TECHNOLOGIES, LLC, a Nevada limited liability company; DELTA SOLUTIONS AND TECHNOLOGIES, INC. a Virginia corporation; ADVANCED PROGRAMS GROUP, LLC, a Virginia limited liability company; APG INTEL, LLC, a Virginia limited liability company; PARADIGM HOLDINGS, INC. Nevada corporation; PARADIGM SOLUTIONS CORPORATION, a Maryland corporation; TRINITY INFORMATION MANAGEMENT SERVICES, INC., a Nevada corporation; EMERGINT TECHNOLOGIES, INC., a Georgia corporation; IDL SOLUTIONS, INC., a Wisconsin corporation.
    By: /s/ Thomas A. Mutryn
    Title: Executive Vice President, CFO & Treasurer
    ADMINISTRATIVE AGENT: BANK OF AMERICA, N.A., as Administrative Agent
    By: /s/ Roberto Salazar
    Title: Vice President
    LENDERS:
    BANK OF AMERICA, N.A., as a Lender, L/C Issuer and Swing Line Lender.
    By: /s/ Michael J. Radcliffe
    Title: Senior Vice President
    JPMORGAN CHASE BANK, N.A.
    By: /s/ Anthony Galea
    Title: Vice President
    SUNTRUST BANK
    By: /s/ Keith Cox
    Title: Managing Director
    WELLS FARGO BANK, NATIONAL ASSOCIATION
    By: /s/ Scott Santa Cruz
    Title: Managing Director
    PNC BANK, NATIONAL ASSOCIATION
    By: /s/ Crissola K. Talsania
    Title: Vice President
    ROYAL BANK OF CANADA
    By: /s/ Richard C. Smith
    Title: Authorized Signatory
    BARCLAYS BANK PLC
    By: /s/ Irina Dimova
    Title: Vice President

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