What Might Have Some Of The Mortgage Brokers Done Once The Housing Market Crashed?

. . .
.

.

Pause music by putting mouse below.

Wherever There Is A Carcass, There The Vultures Will Gather!

.

Written by John Wright 

(August 6th, 2012) — There was a time where young mortgage brokers used to make ungodly amounts of money from the fraudulent real estate bubble that they played a major part in creating.  They did this by qualifying people for home loans with little to no income verification.  This would inevitably put most homeowners into what these brokers knew were predatory loans but did not care.  However – these young professionals — who mostly had no more than a high school diploma before all this — would overnight become used to a lifestyle full of fast cars and fast boats and fast jet skis because of the instant FAST MONEY that they were making off the FAST COMMISSIONS of these loans they sold to homeowners.  Some of their marketing attempts would target some of the most unsophisticated parts of our society such as the elderly and non-English speaking and the disabled.  It would prove to be even worse if you were all the above. 

In just a short period of time this new found success for young professionals would give birth to new young rich communities around the State of California and Florida such as communities like Orange County California.  That is why you should not be surprised when you receive a marking mailer in your mailbox from a company based in one of these places.  This is because it was places like this that the mortgage broker/marketer lived and even built what would become the mothership for broker/marketer companies.  They had simply built their homes and Orange County and the communities in Florida on the INSTANT SUCCESS that they experienced from tricking homeowners into predatory loans.  It would also give birth to television shows displaying the lifestyles of these new rich young professionals titled “The O.C.” on television.  – The O.C.  It was almost an updated version of that show lifestyles of the rich and famous. Yet  now it might be better titled “The lifestyles of the young and spoiled and rich and selfish.”

This is why I am sure that the regulators could probably solve more than half of the housing market issues by simply just dropping a nuclear bomb on both Orange County and these mortgage broker/marketer communities in Florida.

(Dramatic license used)

Presto!  There would be no more mailers in your mailbox!

However — when the housing market crashed the mortgage broker/marketer would now need to find other ways to continue making this “fast money” to support their “fast lifestyle” that they had become accustomed to if not now addicted to.  That is because this metaphoric drug dealer (mortgage broker) killed all of their customers by selling all these bad drugs (bad loans) to the homeowner.  This meant that they would have to find some other area in the housing industry where they could use their natural born talent of being an “asshole” and start to “market a new product” to the homeowner that would allow them to continue making fast and large sums of money. The mortgage broker/marketer would do this by going into the “Loan Modification” business.

Loan Modification Companies

 

A loan modification is where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and the borrower.  This was mostly sparked by the fact that in 2009 the banks announced that homeowners could apply for a loan modification.  That is when some mortgage brokers/marketers would come up with the idea of starting “shell law firms” which represented that they could communicate with the legal department of the bank to obtain a loan modification for a homeowner.  Now for those of you who do not know  a “shell law firm” is a firm that has all the appearances that it is a legitimate law firm that is run by an attorney – but in reality — it is a law firm that has been built and is run by the mortgage broker/marketer.  This is illegal for several reasons.  It is — however – mainly because a non-attorney is not allowed to run a law firm.

The marketer will usually choose a young attorney who is pretty much right out of law school who is simply seduced by the all the money the marketer is offering them.  The main reason the marketer might have chosen them young is because they are stupid.  It is also because the older ones are usually too smart to allow a marketer to control them.  The older ones might simply want all the money for themselves.  They realize they do not need the marketer to do this for them — right Mr. Stein?

Click here to read Chris Fox and Curtis Melone arrest info

That is why the blueprint is much like how the drug dealer would find some young kid that they could just give a beeper and a nice car to just to get them to peddle their drugs for them.  It is also why, in retrospect, this blueprint would end up turning the “law firm business” into nothing other than a “one big gigantic mass marketing machine” for the mortgage broker/marketer.  This is because they now found another way to make fast money for their fast lifestyle after the housing market crashed.  The ironic thing is that they would market themselves as part of the solution — when in reality — they played a major role in collapsing the housing market with getting you into those predatory loans.  This is why you might want to think twice about those loan mod companies that were saying they were all doing it because they care so much about the homeowner and hated what the banks did to them.  (Staring at them with my tongue in my cheek with a smile on my face.)

Then in 2009 many people would end up blaming the loan modification companies for not getting their loan modification for them after paying thousands of dollars.  It would not be until many years later that we would find out that it was ACTUALLY THE BANKS that were causing the problem for the loan mod companies.  This is because we have all come to know that it was the bank itself that would end up being the largest loan mod company scam in the world after HAMP came out.

. 

The words of the BofA song:

• You never fund our loan anymore without tons of shit.
• There is no 30 day mod anymore –
• They just don’t exist.
• We’re trying so hard to fund it.
• Baby! Oh Baby! — believe me I know it!
• You lost that funding feeling.
• Whooooah that funding feeling.
• You’ve lost that funding feeling,
• Now it’s gone, gone, gone.
• Baby — Baby I get down on my knees for you.
• If you would only fund us like you used do.

Yet we did not see anyone raiding the banks at gunpoint with badges like we did with the loan modification companies.  It might be because of what some leader in Communist Russia said  — “If you kill five people you are a murderer.  But if you kill millions of people you are Statesmen.”

Basically in the end the loan mod companies experienced exactly what the homeowner would experience with the banks.  This is because the banks claimed they never received the paperwork the loan modification companies were sending to them on behalf of the homeowner months before.  Sound familiar?  Yet I do not think the banks were lying about this.  This is because I think the real reason the bank did this with the loan mod companies was for the same exact reason that they would do it with the HAMP offer.  It was simply because the banks were not built to accommodate millions of loan modification requests that were now coming in from these mass marketing machines all at the same time.  That is why I theorize that the CEO at Bank of America might have said the same thing as the Captain of the Titanic when those loan modification requests came in.  He might have said, “Where is all this fucking water coming from?”    The answer is from the Loan Modification Companies that were started by the mortgage broker/marketer!

Then in 2009 the news and the authorities started cracking down on loan modification companies in the State of California.

July 23, 2009

.

Then in September of 2009 California lawmakers passed SB94.  This law prevented anyone from taking up-front fees to negotiate a loan modification.  This was pretty much the end of the loan mod business.  

Now the mortgage broker/marketer would need to find other ways to continue making this “fast money” to support their “fast lifestyle” that they had become accustomed to if not now addicted to.  That meant that they would have to find some other area in the housing industry where they could use their natural born talent of being an “asshole“ to “market a product” to the homeowner that would allow them to continue making fast and large sums of money.  They would do this by going into the “Mass Joinder Lawsuit” business.

Mass Joinder Lawsuits

Mass joinder lawsuits are for individual plaintiffs jointly using the same legal arguments and applying them to their unique and individual situation.  It has been said that mass joinders are the way to go mainly because the average “individual lawsuit” against a bank could cost anywhere around 150k.  Well I guess if you had 150k you would not have needed a loan modification in the first place.  This is exactly why the homeowner was attracted to the mass joinder lawsuit.

The first mass joinder lawsuit that would rise up out of the Great Mortgage Crisis would be the Ronald et al vs. Bank of America lawsuit.  Now this lawsuit was filed by a legitimate law firm that was not born from and ran by the marketers.  It would be filed by the infamous Mitchell J. Stein.   The infamous Attorney Phillip Kramer would also work on the Ronald lawsuit for a period of time.  This would make sense after you consider that both of their offices were right next door to one another at the time.  However – for some reason –(scratching my head) —  after the mass mailer scheme was revealed by the BofA attorney Mitchell J. Stein moved his office to Agoura Hills California away from Phillip Kramer.

There was originally no charge to be in the Ronald et al vs. Bank of America lawsuit.  That was until maybe the mortgage broker/marketer were able to seduce Phillip Kramer into a mass marketing scheme.   This is when it might have appeared that mortgage broker/marketer might have now finally been able to find themselves an older greedy attorney to control  instead of a young stupid greedy one.  Yet —  if we were to consider “Philip Kramer” to be more like the “Oliver North” of the Iran Contra scandal –  I guess it could be said that “Mitchell J. Stein” would be more like “Ronald Reagan” in the mailer scandal.  This is because Mitchell J. Stein would make the same claims about the mailer scandal that Ronald Reagan would make about the Iran Contra scandal which was that Mitchell J. Stein would represent that he knew nothing about the mailers and had no affiliation with Phillip Kramer.  This is even though he apparently worked right next door to him.  Unfortunately for Mr. Stein the California Attorney General was able to produce emails between Phillip Kramer and The Marketer and Mitchell J. Stein which might have suggested otherwise.  This would include testimony that Mitchell J. Stein allegedly held up a check in front of the marketer while saying, “It’s all about the money!”

.

Everything seemed to start to go wrong when Phillip Kramer and these main marketers started soliciting other mortgage brokers/marketers to sell the Ronald et al vs. Bank of America lawsuit for a commission on the sale.  That is whith themselves at the top of this potential pyramid.  That is why overnight there were dozens of “shell law firms” and other “intake companies” for the Ronald lawsuit popping up all over the State of California.  This apparently caused a problem for Phillip Kramer.  This is because now all these mortgage brokers/marketers were independently sending out mailers to market the Ronald lawsuit to millions of California homeowners without Kramer knowing what the others were exactly putting on the mailers he might have given them authority to send.  This would result in some of these mortgage brokers/marketers putting on the mailer that a homeowner could “avoid foreclosure” if they paid to enter the Ronald et al vs. Bank of America lawsuit.  This might have been the first evidence that the mortgage brokers/marketers had apparently turned the legal system into a marketable product.  It would be equivalent to doctors allowing marketers to send out mailers that offered two hearts for the price of one if you came to them for the transplant.

Then one day them there roosters came home to roost for both Mitchell J. Stein and Phillip Kramer.  This is because Martin Andelman from the Mandelman Matters blog had just revealed to the world one of these mailers that had both the “Kramer and Kaslow” and “Mitchell J. Stein”name all over it. – Mandelman Matters Article   Additionally – one of the Bank of America attorneys, Mr. Klein, had also showed the mailer to the judge in the Ronald et al vs. Bank of America lawsuit.  This is where President Reagan’s Iran Contra blueprint might have seemed to all go wrong.  Apparently “Oliver North”did not control it good enough to make sure it never came back to the President — and —  the blueprint of “Plausible Deniability”that was setup to protect the President might have simply made him vulnerable in the end.  This is because the blueprint simply gave too much power to “Oliver North” to do things in the name of the President without the President knowing.  That is why Mitchell J. Stein might have said the same words that Reagan said when they told him that the Iran Contra plot had been finally realized — “Oh shoot!  I never thought they would do that!”

Phillip Kramer went into damage control mode.  On the Mandelman Matters blog he said that he would send out a cease and desist letter to every single company that was sending out these mailers.  I am guessing there were so many of them at this point that he probably did not even know who was doing it and who was not.  Nevertheless — the problem seemed to be solved.  That is until soon after the interview another “shell Law Firm” named “Mass Litigation Alliance” seemed to pop-up out of nowhere with Phillip Kramer controlling it.  Well I should not say — “nowhere” – because it seemed to have popped-up out of the ashes of a law firm named K-2 Law. T he problem was that K2-Law was one of these firms that Phillip Kramer had previously sent a cease and desist letter to for sending out mailers.

.

This is when I became involved.  This is because someone showed me an email where the CEO of Mass Litigation Alliance had announced to a homeowner that Mass Litigation Alliance was now going to mass market my lawsuit and name.  I would completely strike back in immediate protest.  This is because I did not want anyone to be turned into victims with my name.   My protest would result in me being threatened by someone who was involved with Mass Litigation Alliance.

“Mr. Wright — I must warn you that trying to engage marketing politics wars with powerful people without knowing the nature of the beast could result in devastating consequences, not just for the outcome of your own case, by severe legal consequences as well.  You should learn the nature of the beast before venturing into the cave with them.  You do not have your facts straight, and although you may currently appear to be protected by your 5th amendment rights (for now), your actions are causing an outrage with some very powerful people.  We pray you know what you are saying and doing because many people’s lives and reputations are on the line.  How do I know?  Because I’m an affiliate of these matters and can easily disprove your false allegations.  This blog will not be live for long.  High powered people with the authority to take action to stop you from circumventing meaningless propaganda resulting in defamation of character accusations will stop you in your tracks.  For your sake, you better hope you have deep pocket books to combat the legal expenses you are about to suffer for slandering important people who have the ability to FIGHT YOU BACK.

The Moral of The Story Here Is Simple:  YOU HAD BETTER KNOW THE NATURE OF THE BEAST BEFORE VENTURING INTO THE CAVE WITH HIM.

Mitch is only in this for the settlement money, not for your causes, but even Mitch knows his limitations and realizes when he is playing with fire.  Mark my words, this blog won’t be here much longer. Enough said.”

It was readily apparent to me that Satan thought that Mitchell J. Stein controlled my lawsuit — or–  was controlled by marketers affiliated with them that could hurt my lawsuit — if they instructed him too.  They would end up terribly wrong.  That is because what they did not know was it was Mitchell J. Stein that had given me the heads up that “Mass Litigation Alliance” was getting ready to market my name.  Doh!  That is why at first I did not think that Mitchell J. Stein had anything to do with the mailer scheme.  This is because it did not make sense to me at the time that Mitchell J. Stein would throw his own people under the bus.   At any rate —  I do not know who sent that threat exactly — however – I can tell you that it was not an attorney or Attorney Phillip Kramer.  This is because the person said, “and although you may currently appear to be protected by your 5th amendment rights (for now)….. “   This meant that it was probably a bonehead mortgage broker/marketer who only had a high school diploma before all this.  This is because everyone knows that it is my 1st amendment right and not my 5th amendment right. (rolling my eyes and shaking my head)  This would be evidence of exactly why these young mortgage brokers/marketers should not be in control of sending out legal mailers to homeowners.

It is also important to mention that this person who gave the threat was also wrong. T hat is because both Mass Litigation Alliance and Mitchell J. Stein are gone.  But guess what?  I’m still here!

.

Enough said.

Now by this time these Phillip Kramer mailers had gotten into the hands of the Bank of America attorneys.  They would not only bring it up to the judge in the Ronald lawsuit but they also turned it into both the California State Bar Associationand California Attorney General.  This would result in the raid of both the offices of Phillip Kramer and Mitchell J. Stein & Associates.  I guess the move to Agoura Hills did not work.   This seemed to be the end of the mortgage broker/marketer being in the mass joinder business.

Now the mortgage broker/marketer would need to find other ways to continue making this “fast money” to support their “fast lifestyle” that they had become accustomed to if not now addicted to.  That meant that they would have to find some other area in the housing industry where they could use their natural born talent of being an “asshole” to “market a product” to the homeowner that would allow them to continue making fast and large sums of money. They would do this by — well — we don’t know yet.  It has not been revealed.  An yet —  the Get Out of Debt Guy might have an idea!

.

The Get Out Of Debt Blog Gives Warning About Edward Cherry and Fidelity Land Trust Company Based In Florida. Steve Rhode Said that “The Owners Are A Mystery. Who Really Are They?

The Fidelity guys potentially went from selling debt settlement which led to an attorney getting disbarred to selling debt elimination which led to another attorney getting disbarred (I think) to selling timeshare rescue to selling debt elimination through legal referrals TO THIS!

Piggybankblog.com contacted both “Edward Cherry” (by facebook on 08/05/12) and “Paul Gellenback” (by phone 08/04/12) of Fidelity Land Trust for comment.

Hi Edward —

Thank you for accepting my friend request.

I am John Wright with Piggybankblog.com.  I am working on a story about Fidelity Land Trust to be posted on this Monday.  This is because it seems that the recent story on the “Get Out of Debt Guy” blog about Fidelity Land Trust has sparked the interest of many bloggers that I speak to.  I have heard that many of them are also going to be also doing a story on it.  This is mainly because of the allegations made about you and others in that article.  That is why I thought I would try to track you down to see if you would be interested in answering some questions before I wrote the article.  I promise to be fair.  This is even though I may ask some very hard questions.

Please let me know if you would be interested in speaking to me on the telephone to answer a few questions I have.

 

Respectfully,

John Wright

Piggybankblog.com

There was no return email or phone call from either one.

Fidelity would end up a perfect example of why you want to be careful.  This is becuase you might be handing it over to the mortgage broker/marketers hands.  This is just so they can hand your deed to your home over to the investor — just like the good old days.  That is because they might REMEMBER THAT THERE IS GOLD IN THEM THERE HILLS!

Update since this article was written:

1. Fidelity Land Trust Busted by Attorney General Bondi
2. Get Out Of Debt Guy Blog Gives Warning About Fidelity Land Trust Company Based In Florida. Steve Rhode Said – “The Owners Are A Mystery. Who Really Are They?
3. Fidelity Land Trust Busted! Attorney General Bondi’s Office Protects Distressed Homeowners from Mortgage Relief Scam!
4. Judges lash out at land trusts, call attempts to cancel mortgages meritless
5. Plantation homeowners sue to reclaim million-dollar property they signed away to Boca Raton land trust
6. Update on 03/26/13 on Case Filed by Florida Against Fidelity Land Trust, Ed Cherry, Larry Diodato and Others

That is why the homeowners might want to use extreme due diligence with any company where it has been alleged that the people involved have any kind of record in the past.  It is also to say that the homeowner should also use extreme due diligence when there are any of these kind of companies that are using a disbarred attorney in the background as a consultant for a two year attorney in the forefront.  This is based on the fact that i could be the signs of a “shell law firm” that is being run by the mortgage broker/marketer who is trying to help the investors get a hold of your house during a time when you are afraid and desperate.  They simply might just be recycling you over and over and over and over but just so they can make the commissions off selling you to yet another predatory loan process to pay them their fast money they need for the fast lifestyle they have become accustomed to if not addicted to.

Quote from an article:  “But often, it’s more sinister. Evans has handled cases where attorneys will place liens on the home to secure money they think they’re owed, taking advantage of immigrants’ lack of English skills and getting them to sign over deeds.” — Rea article

See I have warned you!  Therefore – “If anyone is to go into captivity, into captivity he will go.” – (Rev 13:10)

Enough said.

 

.

My name is John Wright AND I AM FIGHTING BACK!

All Rise!  The Honorable Judge Wright has left The Courtroom of Public Opinion!

.

Please donate if you liked today’s blog.

….

.

PRIVACY NOTICE: Warning – any person and/or institution and/or Agent and/or Agency of any governmental structure including but not limited to the United States Federal Government also using or monitoring/using this website or any of its associated websites, you do NOT have my permission to utilize any of my profile information nor any of the content contained herein including, but not limited to my photos, and/or the comments made about my photos or any other “picture” art posted on my profile.

You are hereby notified that you are strictly prohibited from disclosing, copying, distributing, disseminating, or taking any other action against me with regard to this profile and the contents herein. The foregoing prohibitions also apply to your employee , agent , student or any personnel under your direction or control.

The contents of this profile are private and legally privileged and confidential information, and the violation of my personal privacy is punishable by law. UCC 1-103 1-308 ALL RIGHTS RESERVED WITHOUT PREJUDICE

.

Tags: 1.800.981.0476 california attorney general fidelity land trust bk fidelity land trust fraud fidelity land trust lawsuit Get out of debt guy kramer and kaslow legal theory is meritless Mitchell J. Stein Paul Gellenback phillip kramer real estate broker real estate broker law firm real estate marketing shell law firm steve rhode