My name is Richie Collins and I live in Louisiana, and I am in the second group of homeowners, we got behind on our mortgage because of hurricane Katrina. Our story is told in the Prologue of the book “Hurricane Season by Neal Thompson.”
I was drawn into a foreclosure fight with a company I had never heard of nor did any business with and that company is Deutsche Bank The Foreclosure King as they are called in the Bloggest Sphere. I have been fighting Deutsche Bank National Trust Company since 2007 and by the grace of Almighty God I am still in my home mortgage free the pass five years.
I am an average homeowner but I am not a DEADTBEAT! In 1973 I served in the U.S. Army National Guard, I am a mother, a wife, a grandmother and a commodities trader, (I love trading commodities and I understand derivatives, I trade then all the time!), I am a real estate investor; I'm also a Joomla website developer, and a blogger and I am a native New Orleanian.
My husband is a Hazardous Material truck driver earning between $80,000 to $100,000 a year, we could afford the home we bought! But because of the hurricane flooding the roads, he had no work for a while, which caused us to get behind on our mortgage. In 2004 we purchased a $250000 home in Louisiana that Hurricane Katrina wrecked, it took the roof off our home while we were all honker down in it.
Our mortgage servicing company Countrywide put us in a mortgage workout program that fell through because they went into bankruptcy. (But I won’t go into the details of that nightmare)
I have been hospitalized with bleeding ulcers because of this fight, but thank God I’ve recovered. I had never done any business with this company and I didn’t know why they were trying to seize my home. I have a pretty good real estate background so I began doing research to find out who they were and why were they trying to illegally take my home. I knew from my court house title search that they were not in my “CHAIN OF TITLE”.
To make a very long story short I have been in and out of court with this company for years and they know they don’t have a leg to stand on when it comes to them having legal standing in my case. For the last 5 years I’ve been researching illegal foreclosures in this country and I never thought I’d see the day when massive criminal mafia activity would sweep the mortgage industry.
And as an astute American Homeowner through my extensie I’ve learned the secrets of the mortgage securitization industry, how they steal homes they have no legal rights too.
I am no fool and I know I am not obligated to pay the WRONG LENDER! Ask the Miami-Dade Circuit Court Judge Jennifer Bailey who sent a message to every lender who presupposes that simply being owed money by a borrower is enough to circumvent laws of this country.
While doing my research I found out that the American Homeowner doesn’t know anything about what has happened to their mortgage and promissory notes. They don't know that the American mortgage system has changed and we don't have the 30 year mortgage system anymore. We are now in the new age of the "mortgage securitization system" where a mortgage is securitized sometimes 24 hours after it's obtained by the borrower and the borrower knows nothing about this securitization that’s taking place right under their nose. That's one of the mortgage securitization industries dirty little "OPEN SECRETS".
As you can tell I am not a sophisticated copy writer, I just want to share with you, the American Homeowner what is happening in the current mortgage industry that they are unaware of but this information is important to know.
You as a homeowner must know the state of your mortgage. The latest illegal activities of the mortgage securitization industry affect everyone who has gotten a mortgage since 1997.
So I decided to write a book about it and EXPOSE their 5 "OPEN SECRETS" so the American Homeowner could learn about this new modern day mortgage industry and their "OPEN SECRETS".
Over the years through networking I've discovered that the average homeowner doesn't know what has happened to their mortgage at the closing table, how it was secretively securitized after they finish signing their closing documents. They didn't know that their mortgage promissory note went into a pool of 1000 to 8000 mortgages just hours after the closing, to be securitized, which means it was converted to a bond-pass-through-certificate. And then their paper promissory note was digitized, destroyed and then turned in to and eNote and sold at the Wall Street Casino without their knowledge.
So I sat down and wrote this book to tell the American Homeowner what has happened to their mortgage and promissory note that they don't know about. And in this book I also tell my own story because I was caught up in the new mortgage securitization industry web of securitization. It almost destroyed my life! It was an intense fight with a company called Deutsche Bank! In this book I tell how MERS and Deutsche Bank both claim to hold my note at the same time. When I did my title search of my property I found TWO ILLEGAL-FABRICATED-FAKE-FORGED ASSIGNMENTS, one from MERS and one from Deutsche Bank. And get this, Deutsche Bank claims that Acoustic Home Loans my original lender even came back from the bankruptcy grave (they gave up the business ghost in 2006 according to California State records) just to assign them my promissory note in 2010. Imagine THAT!
Through my extensive research I’ve discovered the mortgage securitization industry 5 OPEN SECRETS that they don’t want the American Homeowner to know about. Because when the American Homeowner WAKE UP and STOP MAKING mortgage payments into a BLACK HOLE, these 5 OPEN SECRETS is going to bankrupt the mortgage securitization industry, and bring them to their knees!