We left off not knowing who to give money to that has the authority and lawful right to discharge the debt obligation.  Further, who is delivering Markertable, Clear and Good Title?

 

This is a question in D2D buying and selling, in the D2D loan modifications, in the wrapping of loan payments, in the short sell of real property, in the exercise of foreclosure actions and in the relief of debt in the filing of any bankruptcy.  

 

So, that being 1 of many issues, let's identify the "old" players versus the "new" players.  To understand any game we must identify the players and determine where they belong in the RPT hierarchy.  

The "old guard", has not existed since at least 1998.

ØMORTGAGOR-DEBTOR and MORTGAGEE 

ØSELLER-DEBTOR

ØBUYER-DEBTOR

ØTHE REALTOR

ØESCROW

ØTITLE COMPANY

ØLAND TITLE REGISTRY

ØDOT TRUSTEE

ØREAL PROPERTY LEGAL COUNSEL

The "new guard", has existed since at least 1999.

ØMORTGAGOR-DEBTOR and MORTGAGEE-DEBTOR

ØTHE SELLER-DEBTOR

ØTHE BUYER-DEBTOR

ØTHE REALTOR

ØESCROW

ØTITLE COMPANY

ØLAND TITLE REGISTRY

ØREAL PROPERTY LEGAL COUNSEL?

ØDOT TRUSTEE

ØNOMINEE-AGENT?

ØORIGINATOR-AGGREGATOR

ØSECURITIZED TRUST

ØSECURITIZED TRUST TRUSTEE

ØSECURITIZED TRUST MASTER SERVICER

ØSECURITIZED TRUST CUSTODIAN

So, who is giving us the money in the first place? Who has the right to enforce and the right to collect any "debt obligation"?

 

Remember, at the point of "resolving the Mortgage Event" it is the "Mortgagor-Debtors" responsibility to discharge the debt obligation ONLY WITH the party who has the right to collect and the right to enforce said debt obligation.  Additionally, at the point of "creation of the Mortgage Event" it is the incoming "Mortgagor-Debtors" responsibility to MAKE SURE they are obtaining Marketable, Clear and Clean Title (Title Status).  

STEP 1 (for both essential players) is to identify who your playing the game with.  This is your property and therefore your responsibility.  

  1. IDENTIFY THE DOCUMENTS OF THE CHAIN OF TITLE.

  2. IDENTIFY THE PLAYERS ON ALL DOCUMENTS.

  3. IDENTIFY PLAYER “ROLES or TITLES” ON ALL THE DOCUMENTS.

  4. IDENTIFY THE ASSIGNMENTS OF THE LIEN.

  5. IDENTIFY THE NEGOTIATIONS OF THE PNOTE and DEBT.

  6. IDENTIFY THE “TRUSTWORTHINESS” OF THE PERPETRATORS OF THE DOCUMENTS.

    • The Process to Attack Facial Validity Presumption: See Attacking Credibility of the Documents.

  7. IDENTIFY THE MEANING OF THE WORDS USED TO DESCRIBE THE RELEVANT POINTS. ​

  8. IDENTIFY YOUR RECORD TITLEHOLDER OWNERSHIP INTEREST.

 

When you understand who your obligated to (if anyone) you will recognize the "interloper".  It has never been enough to say, "you must owe someone because you got a loan".  This social conditioning is exactly what the "interlopers" want you to rely on and your reliance will ALWAYS BE TO YOUR DETRIMENT.   Remember, you owe money not to the world, but to a specific entity entitled to enforce with the right to collect. 

Who's on first?  We have the property to save.

[Season 1, Episode 5]