we are here to beginning of the tacoma i five o two implementation to get ready to start here about seven o'clock  apologize to me really for threatening me like jail like ok thank you very much of my final thing is i believe this were should be given a vote of no confidence they don't belong in this business hi this is all the first segment of mortgage segment of our history mortgages maybe it's fraud maybe it's not i don't know i've been learning too but i do know that we have the honor to be on all the life and i will be  forward to hearing through the next few minutes what is the difference between m e r s in m r i s in what's this this thing so big it's gone on for so long i mean is there anything we can do about it  still absolutely great question ers stands for mortgage electronic registration systems that's an organization it's an electronic database mortgages and promissory notes that it's been electronically maintain through that organization am i r s stands for mortgage investigative and research services and what we do is we track and we do was called chain a title assessments to help homeowners determine who has legal standing to foreclose that's the main difference between the two m e r s is an organization that is a multibillion dollar organization that's a members only for corporat has part of some of their members are banks title companies fannie mae freddie mac and alter the vast majority of lenders that are in the united in the world now are members of  ers interesting so if the public is going to be interested in hoops forgive me if we're going to try to figure out a way of what we can do in the future you have senators and what not great we do we have workshops we have seminars we have a whole variety of different activities i think one of the challenges is i think you asked me the question what what can we do in the next three months or so  be aware and to help yourself as far as what's going on i think the i think the main focus here is to to go is to understand a phenomenon called normalcy bias normalcy bias basically says it's a psychological phenomenon that basically states that we in our own world individually have a tendency to understand what is considered normal and then if we come across any information that's considered outside of our scope of what is considered normal we tend to discount to reject altogether this whole scenario with mers and the foreclosure and a lot of this is so outside of our scope and the things that we are discovering is so outside of what is considered normal that a vast majority of us tend to think that number one it can't happen number two it can not on can not happen but even if it is what can i do so for and so on my suggestion is i have three issues that i'd like to bring up and make sure that people are aware to do number one is recognize that normalcy bias occurs with everybody and to counteract normalcy bias are three things that you need to do number one you need to learn about these issues number and by learning about these issues you you have to do several things you need to read about what's going on you need to study what's going on you know you need to more importantly you need to also talk and discuss what's going on to with your family and friends the third the second thing that you need to do is get involved because of the murders and e r s issue is been very controversial and it's so widespread across the united states what we what needs to happen and what has been happening unfortunately is a lot of the big  the big money people they have spend a tremendous amount of money hiring lobbyists they are getting legislation changed across the united states there are and what i'm recommending people to do is get involved get involved in the with the changing of this legislation because without the homeowners and investors and people getting involved what's going to happen is that legislation will be changed and a lot of and the opportunity that the homeowners will have and being able understand that the chain of title assessments are used to not only to in assistance and mediating but also in modifying and are used in part of legislation so there are three of those three things need to occur not quite so big current sometimes you need to learn about the issues you need to get involved and you also need to take action really good i was going to mention if we are a program where we can believe it all started back in the one nine hundred sixty when the repeal of the splash steel act allowed the banks to go into the securitization market and go into the and sell these negotiable instruments on wall street when that occurred it opened up a whole new venue for the and basically bits of pieces one in one direction pieces one in another direction and so servicing one in one direction and parts of it went into a trust and and what happens is your original promissory note no longer is one it becomes many and then what happens is the banks learned over a period of time that they will become successful at making even more money by putting on wall street and selling it as bonds banks the bankers the you know with the title company and everyone else coming on board what merce's done is they they've put themselves on the deed of trust which allows the banks to not it saves money and that's the whole purpose of nerves is to do that now since most come on board and doing put themselves on the deed of trust and because of the securitization that clouded literally about seventy million homes across the know i have my scope has always been on what's going on with the with the real estate aspect of it if they do money laundering i think this is a really good avenue for really good venue to be able to do because so much money comes in and so much money goes out and who knows what's going on you know on the news and see this is such a big deal it's such a big deal and as you said that they've become accustomed to thinking if this is the way it should be the norm this is the way it is is not has never has not been and has never been set up to work with the homeowner they they are an intermediary they work with bankers and they work with title companies they work with fannie mae and freddie mac so they an organization that was never meant to be known to the general public and because of that all because of all the documentation that goes on behind murders doors we are not fully aware and tell we litigate and we demand through subpoenas for discovery and i think the challenge here is mers is like a black hole things go in but nothing ever comes out that's a real challenge for homeowners because information is requested and they're not able to public to least i mean it's a matter of the how many and how many percent because this is our last minute for this segment how many people percentage really do you think don't you know of all the mortgage holders seventy percent eighty percent just a percentage just i would say about ninety nine point nine percent homeless ninety nine point nine percent really say the third time ninety nine point nine percent a lot of this is because of the fact that the information is not getting out to homeowners and the reason why it's not getting out is because the information in newspapers in the media is being filtered and because of that they're not it's not getting out to the homeowners i think you are thinking with the janet appreciate it very much merge now dot com investigate but what's ok research services and we're researching the searching something that ninety nine percent of the population knows nothing about right right and that's correct because think about it as a homeowner how often have homeowners looked into their chain of title and looked and read and understood all the elements of the documents that we did that are in your chain a title chances are very little if at all you know i talk to realtors i talk to attorneys i talk to brokers and unfortunately a bass majority of them do not know they don't about m e r as and the challenge with the r s is that they circumvented they have been doing this for decades since  hundred five they've been circumventing the land records by not recording at the rick lot not recording the documents at the recorders office and basically the time so companies have been assisting in the game by by filing was called a schedule be in the in the in the title reports of all these homes by saying we are not going to insure against items in dhaka that are not recorded in the land records so the question is as a homeowner and as a real silly i don't know what it is because what is so true tends to change the title is this when you own a home and you sit down at the closing table and you sign a bunch and you sign about it inch and a half to two inch thick packet of documents some of those documents are recorded in the land records that gives notice to the world that you are now the owner of the of the property and it gives also notice to the world that the lender that you that you signed with putting themselves on the deed of trust the legal rights and beneficiary status and everything else that goes along with being a lender the challenge comes and is mers is a bankruptcy remote corporation who has no rights they have no income they have no liability they have no they have no employees they have nothing so what that basically does is that it's cut convolute who actually owns the note and who actually has a lien lien responsibility on your property not lien responsibility but lien hold on your property and what it does is so when your note from your original lender gets securitized and puts into a pool and sold and divide inputs into a pool and sold whenever that chain reaction occurs it's never really recorded on your on your deed of trust your deed of trust has never been recorded to reflect who actually owns the know so when that note becomes securitized it still matters the problem is when it's when it is securitized the new owners pop up and it's in and your records show mers the question is who well if if the questions people ask you about this is this a question that the us room for is it mostly just like how come you didn't see this before what's the most common most they couldn't see it before because there's no way that they could  you know how how would you know and the reality of it is is you know you don't if you don't know to look you don't look and let's face it we're all involved in our own world we're you know some of us are doctors some of us are teachers some of us  nurses some of us are dental hygienists and dentist we all are so wrapped up in our own world that we are not aware of what goes on during the course of ownership of our home and let's face it when this occurs we're not notified of the occur happens we're told that the servicing changes but we're not told that the ownership of the no changes you know you know so in the meantime you got you your program helps investigate for people's mortgages right say i just i just found out i'm no no i want to know more well here's here's what has happened a lot of people are being foreclosed on and you're assuming that the people that are foreclosing on you actually have a legal standing to for clo the reality of it is nine times out of ten they did not have standing and the people who are for closing are basically still in the home still your homes and you're giving up without a fight you walking away and when you do that you abandon your property the banks come in and they take your home the problem comes up is that you need to question are the people who are foreclosing on you actually have the legal right to foreclose on you you need to question are you in a situation where you're going to give up your home without a fight or are you going to question whether or not they have the standing to do it ok we're discovering that nine times out of ten they don't have legal standing to foreclose because they don't have the legal right to foreclose they're telling you that you have the legal right when in reality when you look into the chain of your home and you follow the documentation that there are tremendous breaks the number one the number one issue is mers and ers if you pull your record of documents on your individual home and there it is m e r s you have a rule valid question as to whether or not the and the real estate bubble expanded and it grew and expanded and then in two thousand what is it in two thousand and seven it bought it pops and in two thousand and seven when it's when it popped they still considered putting murders on d trust and because what happens when the root was state bubble pop the investors came on board and said this is a perfect opportunity to buy so they started buying properties even though there's murders on the property you're kidding you know and here's the frightening thing really here's a fact one thing even if you have murders and you you purchased a property and then you turn around and sell it here's the frightening thing if you have murders on the property you don't know where the night you are able to convey a marketable title that means you cannot give free and clear title to the buyer ok and if the buyer does not receive marketable title what does the buyer have nothing interesting this is something that's been happening we're all across the nation so these wake up calls are occurring and as you mention that it's like you're if we're a threat the people are waking up is a threat to this established order that's grown with us for so long and that they're going to do everything they can to sabotage anyone the tries to inform the public that this is going on right i mean i mean i mean what do we do and well i think what has happened is because mers started in one thousand nine hundred five and this is been going on since one thousand nine hundred five you got to figure this is you know twenty years now ninety five two thousand and five almost twenty years what's happening is this has been going on for so long without question that it's considered you know it's considered a standard operating procedure without them being without mercy and without the banks without the attorneys without judges without question questioning is this legally correct and because it was going on behind everybody's back nobody had the opportunity to question because nobody knew about it and then when the foreclosures started happening attorneys started to some attorneys now we know there are still i'd say  good ninety nine percent of attorneys out there who don't understand it underlying issues regarding mergers and consequently when they have homeowners the trying to fight a foreclosure they don't quite understand what questions to ask what legal issues to raise they don't understand why things are going up and they don't understand some of the things that have been going some of the some some of the underlying some of the underlying issues that have been uncovered for the past six months such as tremendous use of robo signing such as having signature yes meaning there's no there's no oversight no way to know anything is clear like vote fraud so i think it's a matter for what they have learned what the banks have done is one part of the document manufacture document manufacturing is what they've done is they've taken some of the doctors that you do have that have signatures they've scanned it into machines and copied your signature turned around and they've hired doc x to actually recreate documents take your scan signature and scan it onto a new document so use so if they are missing documents they're recreating it  another issue getting people such as you realtor broker to understand such as getting attorneys getting qualified attorneys to understand what's going on but even more frightening is the fact that the judges don't want to understand i cannot tell you how many times we have we have qualified attorneys and they go up in front of judges and we sit and we try to explain to them the docket manufacturing we try to explain to them the securit we talk to them about these robots and and we have we have depositions we have you know all sorts of information violation of laws we point out violations of law and the judges goes well they didn't do it intentionally or when they didn't know the realize what they were doing and the judges rule against the homeowner in favor of the banks without following proper law and the frightening thing about it is these judges if you look at the judge's retirement plans these judges are tied up with the banks because their retirement plans are being founded really you know apparently the international court of law to do anything about this well these are all actions you know to be unfortunately unfortunately a lot of these lawsuits are occurring in state courts ok and the state court judges are choosing not to i mean it's way of being explained by people like you and steve who have been thousands of other investigative journalist continuously every day on all the major ulterior news sites reporting the same thing i have no definitive proof that they are  know this the judge's retirement plans are invested in the banks now whether or not that has whether or not that has an influence as to how they they rule it's up to you to decide you right now a lot of homeowners are being ruled against because you know they seem to have a lot of it how is it that they've kept sue many people silent it makes no sense to me i mean to be that silent seventy million homes right and she's right and but he once again it's because of the fact that there's a war going on for twenty almost twenty years it's a it's a standard operating procedure that's their m o and it's considered it's considered normal and and you know we don't have affective home we don't have effective judges to be able to rule they're not strong enough or intelligent enough i'm not sure which one it is to rule judiciously because we don't know obviously well i don't know i think they're i think they are starting to understand but the choosing not to rule in the fight in the in the near fight when you get something to this proportion after well it gets so real out of control ridiculous to be to act like we will we start all over again i mean i don't know i do know i don't have an answer to that all i know is that there's an issue i know that a lot of these judges like for instance state judges you know depending on what state the properties and some of the state judges have you know they have to be elected but they're elected for six years ok some of these federal judges there for fourteen years if not for life yeah they have no vested interest and in fact in some of these judges you look into the history interestingly enough some of those judges  it is or church it's free it's free and what time is from eleven to two thank you like to think you was going to this next segment i can't wait to hear more about how stupid i am blown everybody else and all of us let's let's read the majority of really know what would you call us it's not our fault though is it well here's what i tell people it is the great if this has been the greatest crime not known to man ok you know and and part of the issue is not being aware and the more and i'm picking up on this and i think it's something that or should we say picking up the pieces runner to have janet reiner here picking up the pieces of a mess it's huge i mean i can't comprehend what i'm saying it's here it's very difficult to comprehend because that the met the the scale of fraud this scale corruption is so that it's like i said you know i've said this many times that we're living in a world right now where the greatest crime has occurred and nobody's known about it y and so because the property is in a specific location in a specific county in a specific state it's basically a state argument it's rare but you can argue it in federal court yeah directly theoretically anyone can foreclose on anyone you know there's no legal legislation that mandy's cannot for close on somebody i know of success i have heard of successes where people have foreclosed on banks  from a variety of different sources we place it on our web site and we also deal we also distinguish not only the news in general but we also try to place them in specific states in which it occurs you know interesting so it's for the people that i think that are the victims so many of them for so many years how many millions of people seventy million homes i mean eleven million homes you know and and i mentioned before that a vast majority i'd say about a good ninety nine point nine percent of the people out there are not aware of what's going on and as people not just homeowners we're talking realtors brokers we're talking tourney's not only judges but also and it's business as usual i think the hardest thing for people to understand is that people such as realtors i'm just going to just say realtor as an example they have a fiduciary responsibility to take care of their clients which is  homeowners unfortunately the challenge here is that the realtors their focus is not on the fiduciary responsibility their focus is on the commission and unfortunately a lot of homeowners when they go to a realtor and they talk to a realtor and they ask them you know i understand this is going on what do you think about it what a realtor tells you oh it's nothing it's no big deal you know what get another realtor interesting in the readers don't know anything about this either a pretty well how could anybody do that well here's the thing when you're a licensed real estate broker you have to be knowledgeable about your area of expertise which is in real estate the question comes up is should you or could you have known that this issue was going on this issue is so massive and we are trying to get as many as many realtors not you know educate as many realtors as possible it's not that they're not getting the information is the fact that they're choosing to ignore it and the reason why is because they're choosing to ignore it because it's going to affect their commission rate is it possible that they might be indicted for a big major thing hilton were that they could be part of it are going to push that oh absolutely we're including them in all planes or because of the fact that they have a realtors have what's called a you know insurance errors and omissions insurance and the fact is when they're when they're complacent and they don't follow the laws and they don't they don't follow their fiduciary responsibility that affects their you know insurance now what realtors need to understand is that they have a legal to do share responsibility for the protection of the homeowners and to be able to understand these issues and act according way yeah yeah they're in the pockets of the bankers association as well as the title company yeah to case a conflict of interest yeah everybody watching the program i hope we learn a little bit from  janet reiner greening honor to have her give us a report hopefully will do more on this for subject it's amazing that ninety nine percent of us thought we could occupy but we were we don't occupy any common sense this is going on for forty years seventy million homes five hundred trillion dollars and theft bundled mortgages derivatives this is what that's all about fake money meaning we need to go back to the ground level and start