(OP-ED) — The author of this post puts forward this information for the purposes of education and enlightenment and not for the purposes of rendering legal advice.
THE MORATORIUMS ARE GOING AWAY SOON
If you’re a homeowner who has been affected by the coronavirus to the point of losing a paycheck and not being able to make your mortgage payments, you’ve probably been living off your credit cards during this “lockdown”. The anticipation that you’re going to start hearing from your mortgage loan servicers (if you haven’t already) is growing to the point of panic and anxiety knowing that you’ve been given a reprieve for so long but that point in time is coming to an end and you’re going to have to face the music.
I for one do not believe that the 2-month lockdown warrants the same type of foreclosure activity that took place between 2009-2014 as a result of the 2008 financial crisis, despite the fact that the nation’s economy has suffered a serious upset by the pandemic. The difference between what happened in March and what happened in 2008 was that the secondary markets were quietly imploding and didn’t hit us until the actual collapse of Bear-Stearns and Lehman Brothers started a tidal wave of Chapter 11 filings in the subprime lending markets. We saw this one developing and began to prepare (for some, like me, you saw it coming in February and started accumulating whatever cash and supplies you needed), which included but was not limited to, hoarding toilet paper and hand sanitizer. The fact the pandemic was hidden from most Americans for better than two weeks only shortened our preparation time.
Many Americans ignored the warnings of the viral component’s ability to spread … hence, Spring Break. This was only one of the catalysts. Two separate cruise ships on both coasts (San Francisco and Miami) were already affecting dozens of passengers, one of which I knew from a non-profit organization that she and I were both a part of. She was dead upon arrival into the Port of Miami. When it’s someone you know, it hits home rather quickly, sometimes too close to home. But at least we knew the ships (full of sick and dying) were headed straight at us. We at least had time to prepare and mobilize our resources. This isn’t something that was intended to cripple our morality. The virus seemed intentionally let loose to cripple our economy and thus, our modes of survival.
POLITICS ASIDE? NOT!
This entire crisis has been manipulated by the medical community, including but not limited to, the National Institutes of Health (NIH), the Centers for Disease Control (CDC) and Dr. Anthony Fauci, the President’s adviser. Be mindful of the fact that Dr. Fauci (who I equate to Dr. Josef Mengele of Nazi fame) has served previous administrations, both Republican and Democrat (before you start raring up your emotions at little old Libertarian me for daring to question what’s really going on here).
Both the Republican and Democrats have taken advantage of this crisis. Both sides of the aisle debated and passed legislation to benefit their own constituents. Both sides of the aisle debated and passed legislation to benefit Wall Street. Both sides of the aisle debated and passed legislation that gave most of us (but not all) some sort of stipend (dole) as a means of attempting to support those who the government considers “law-abiding taxpayers”. Both sides of the aisle used the pandemic as a means of either gaining political control or upending the other side’s political control. Don’t you just hate it when that happens? And over 100,000 people are dead in America just so both sides can point fingers at each other with accusatory tones. But also remember, Fauci has told this President (as well as past Presidents) what might happen with the pandemic and what protocols should be followed, whether the protocols (or the informational data used to formulate those protocols) was accurate or not.
Both sides of the aisle have not come up with a remedy (other than a moratorium on government-backed GSE foreclosures) to stop the tsunami of foreclosures that we could have faced if the moratoriums were not extended by the State’s governors to include all mortgage loans, which included evictions. Now we’re faced with our own set of politics … a national network of mortgage loan servicers, collectively using “the system” to play out unfortunate scenarios against afflicted Americans who still haven’t formulated a PLAN B as to how they intend on dealing with the aftermath of this “planned economic strike” against America. Everyone of course is pointing a finger at the Chinese Communist Party (CCP) and blaming that entity for our troubles when in fact, the troubles were seriously exacerbated by our very own government in the way it doled out the money. Again, the trickle down effect impressed not one taxpayer to the point that they thought someone did them a serious favor.
In other words, how long did that $1,200 check last each person already financially affected by the loss of employment. When the moratorium gets lifted, those who are still struggling could become the first casualties of the second foreclosure epidemic. I don’t consider any of this at all funny. In fact, it’s disgusting that America has allowed itself to become embroiled in public debate over police brutality vis a vis the media, who hates Trump and wants your country to be turned into a socialistic state. The media has become so left-liberal it’s sickening. You can’t turn on any channel and get the truth because politics has (and is) playing itself out at every turn of events.
DEFUNDING POLICE DEPARTMENTS? DOES YOUR PERSONAL SAFETY MATTER?
Both George Floyd and Rayshard Brooks had much in common. Both were black. Both were convicted felons. Both served time in prison. Both were in the wrong place at the wrong time. Both allegedly were involved in the commission of a crime (Floyd for passing a counterfeit $20 and Brooks for being intoxicated at the wheel of a running motor vehicle) for which they were placed under arrest. Both died at the hands of police officers who were white. Both were exemplified as poster children by the left and the media. Both gave anarchists impetus to riot and commit destructive acts.
Now that you see the facts, do the cops need sensitivity training or does the public need sensitivity training? After all, a young, white woman was captured on video burning down the Atlanta Wendy’s restaurant where Brooks was fatally shot during the riots that followed. While it is relatively easy for white people to all of a sudden think a black person set fire to the restaurant, the video shows otherwise. The video shows that there are people with no morals living among us that are out to prove a point … that anarchy is acceptable as a means of protest … even if it involves arson, which is a felony. The other part of the problem, which my wife was quick to point out over coffee this morning, was that folks stood by videoing the act with their cameras so they could post it on social media because everyone is into sensationalism now. So, does committing a crime for the purposes of sensationalism make it okay? Why didn’t the people doing the video taping with their cameras stop the woman from burning down the Wendy’s? Where did our morals go? And the left want to defund police departments over the acts of bad actors? I think not.
The U.S. Constitution and the Bill of Rights provide for the general welfare and safety of ALL Americans, not just the Black Lives Matter folks. The First Amendment to the U.S. Constitution grants ALL of us a certain number of freedoms (self-expression and the right to assemble peaceably). However, your liberty and freedoms ends where another person’s liberty and freedom begins. When you violate the Constitution by committing a crime outside of the boundaries of what the Amendments are designed to protect, then the system has measures in place to deal with the offender. The system did not afford those protections to Floyd and Brooks because of the actions of a few white officers. Whether they will be granted immunity is anyone’s guess. According to a friend of mine in Texas (who is a police officer), there are some who you cannot give a gun and a badge to because they’re more dangerous than those they were sworn to protect.
Many police departments are not funded well enough. As my co-host on City Spotlight – Special Edition (on kdwradio.com), R. J. Malloy stated, “This isn’t Andy of Mayberry.” There isn’t an issue over the fact Deputy Barney Fife only had one bullet in his gun, other than for his own well-being in not shooting himself in the foot. The issue is what protection Sheriff Andy or Barney Fife could (or would) do in the event the citizens of Mayberry’s personal protections were in jeopardy. What police departments don’t need is tanks and military style Humvees. What police departments do need is officers who are equipped with the means to protect and serve those citizens they were hired to protect and serve. Anything short of that would represent a disservice to their respective communities, sensitivity training or not.
And here I thought the parental saying (from way back when) of, “Two wrongs don’t make a right” still applied to today’s community standards. When the police can’t respond, or refuse to respond (as what is happening in Atlanta right now), sometimes referred to as the “Blue Flu” (officers calling in sick as a means of protest), then the level of personal protections afforded under the Constitution are eroded. This gives way to those without moral scruples to commit further acts of violence. I sometimes believe these people do these heinous things because they have a bone to pick with authority. I think it would be best that police would be stripped of their qualified immunity from prosecution if they went “past the point of no return” once the person arrested was restrained or incapacitated, armed or not. In Brooks’ case, the cop was videotaped kicking Brooks after putting two slugs in his back and was quoted as saying, “I got him!” What’s that’s supposed to mean coming from a white cop with a bald head (skinhead)?
Despite the fact we can all agree that prejudice has no place in a decent, moral society, it still exists and is being driven deeper and deeper into the hearts and minds of those who feel they are being oppressed. That includes those who feel that they’re being deprived of their Constitutional guarantees to safety and security. Police officers should be held to a higher standard, especially when it comes to those they swore an oath to protect and serve, despite the color of their skin. The bigger problem here is that with society melding into multiculturalism, it will soon devolve. I predict there will be another spate of White Flight as American society continues to devolve.
UPHOLDING RIGHTS INCLUDES THOSE FACING FORECLOSURE
When it comes to foreclosure, we all have to have a game plan. In 2008, when the financial markets collapsed under the weight of the failing securities debacle, it set the stage for multiple infractions against homeowners. The biggest divisive scheme was the creation of notes out of thin air (the notes that had been shredded after they were uploaded as originals into the MERS System®). It is common knowledge, as well as arguendo amongst those in the mortgage world, that the notes, along with their accompanying mortgages and deeds of trust, were shredded because paper proof of a contract was replaced by an electronic system of record keeping. Many believe the originals were archived, yet there is no finite evidentiary proof of that. What shows up in courts across the country in foreclosure cases I’ve reviewed are “copies” of original mortgages and deeds of trust that were pulled down off of the MERS System®, as well as the notes that the mortgage loan servicers now claim to be “originals”.
What we are seeing (and I talking about the collective group of investigative analysts looking into this documentation) is copies of notes being manufactured from copies pulled from the MERS System® and doctored up to look like originals. The banks and their servicers and document manufacturing plants have gotten very good at reproducing notes to look like originals. This is why certain individuals, knowing their notes might be shredded, filled in the “o’s” with ink on their promissory nOtes. Anyone reproducing a copy of a note trying to make it look like an original would have missed the filling in of the “O” in “nOte” which would be a dead giveaway of document manufacturing. However, 99.9% of borrowers did NOT do that at the closing table. The gullible are always the first to fall. The gullible wanted the keys to the house, no matter what eventual price they would pay later. The gullible constituted some 97-98% of those who vacated their homes as soon as they were served with foreclosure documents because they had no Plan B and were never prepared to have to deal with foreclosure.
I was just speaking with an investor this morning who told me that the average homeowner or attorney could keep a foreclosure at bay for at least two years and keep either the homeowner in the home or rental income flowing for two more years. So how’s that possible? I discussed that in my video post on the Clouded Titles YouTube Channel.
In the physical realm, you have certain rights to life, liberty and property. When you enter into a contract with a mortgage lender, you give up some of those rights in exchange for having a lien placed against your property by and through a security instrument, which is either in the form of a mortgage or deed of trust (Security Deed in Georgia; Installment Contract in Montana). Most people do not realize that the balance of those rights allow you to examine and litigate certain inequities that may exist as the result of the foreclosure; however, most Americans are just too quick to give up and run away, rather than stand and fight. This is what happened after the 2008 financial collapse. In today’s times however, abandoning your property puts you at higher risk because of the potential of coming into contact with the dreaded “virus” and succumbing to it. If I told you that you could stay in your home for two more years just by taking a stand against the mortgage loan servicer, wouldn’t you be the least bit interested?
This is why I’m doing an online Foreclosure Defense 101 Workshop at the end of July. It may be my last “due diligence” effort at attempting to help those afflicted by foreclosure. I have made numerous attempts in the past to consult with attorneys behind the scenes and at trial, some successfully; however, the number of folks who wish to take what I have to say seriously aren’t listening. So, you might ask yourself … why is Krieger even bothering to help these people save themselves from financial ruin?
I take the attitude that “might does not necessarily make right” … and just because you’re a well-funded mortgage loan servicer, that does not take away the homeowner’s right to protest against the foreclosure, both in and out of court. I’m going to use this opportunity to bring attorneys into the mix to discuss Rules of Evidence and Rules of Civil Procedure. These two areas are where homeowners are easily defeated. It is in these two areas that homeowners can stay in their homes for 2 years or longer.
Your rights to litigate are not restricted by the contract you signed at the closing table. You have every right to initiate a suit and defend a suit (depending on which state you live in and depending on which process you’re engaging in … judicial or non-judicial). By taking simple, inexpensive steps, you can create a Plan B for yourselves by taking the initiative to respond or act. It is your decision to learn the tactics or not learn the tactics. My suggestions in this online workshop are based on research, but I’m going to let a couple of legal professionals share some of these strategies with you in the 4-hour block we’re devoting to educating you on foreclosure defense. We will be recording this session for purchase and playback on the Clouded Titles website; however, the difference between attending the online live event and downloading a recorded event is that you don’t get to ask questions and get answers right away. You have every opportunity to fight back and the financial risk to you attending this event online is low compared to the information you are given. I told you in my blog post about the two-year window that attorneys can carve out for you so you can make alternative plans. As part of the webinar, I’m going to share written details with you in PDF format that will help guide you through your educational “learning curve” about how attorneys can drag a foreclosure case on for more than two years!
Again, you are known by the paths you take and the choices you make whether a homeowner or an investor. Stay tuned for more posts on this.