Dealing In Stolen Titles Is Akin To A “Fencing Operation”
Last month I wrote the following article outlining the misrepresentations being made by U.S. Bank Trust, N.A. as the Trustee for the LSF9 Master Participation Trust. (See: (https://bpinvestigativeagency.com/settlement-agreement-between-the-city-of-los-angeles-u-s-bank-n-a-proves-that-u-s-bank-trust-n-a-as-trustee-for-lsf9-master-participation-trust-is-a-misrepresentation/)
Shortly after, I received an email from an attorney who made the following observation regarding the trust address in this assignment snippet I provided in the article.
“Place turns out to be rather the upscale neighborhood down in the Virgin Islands, as you can note from this Google Maps auto-scan shot (2018):
It is my pleading practice when, in a banker Complaint, it is stated (for example) that “Plaintiff is USBank, N.A. as trustee for the blah-blah trust, with an address of 1661 Worthington Street, Suite 100, somewhere in Florida.”, then I answer:
the Defendant denies the allegations of paragraph one, in the complaint, and affirmatively responds that the address proffered is a falsity, that the blah-blah trust does not now and never has existed at that address, that it has no personnel, nor desk, no chair, nor telephone, nor assigned parking space, nor filing cabinet, nor any other indicium of possessory control, over the address recited, and the address as proffered is a charade and an obfuscation, intended to mislead the Court, and constitutes a fraud on court.” Something like that.”
This particular assignment is executed by Caliber Home Loans as “attorney-in-fact” for both the assignor and the assignee by the way. Let me point out that this is nowhere near uncommon per my years of experience. Addresses listed in foreclosure documents often times lead to vacant lots, empty warehouse buildings, or are simply bogus. As Neil Garfield points out today,
“Nobody has paid attention to it but as far as I can tell on first skim, the author has both coined the name “rogue REMIC” and described it well enough to come to a conclusion, to wit: everything about them is a scam and no legal standing exists with respect to them.”
(https://livinglies.wordpress.com/2019/01/29/rogue-remics-2016-study-reveals-lack-of-standing/)
Foreclosure documents need to be thoroughly scrubbed and challenged, as the schemes and scams to hijack titles is in full swing and will continue to grow exponentially as data continues to be leaked and sold on the “black market.”
What we have here folks is akin to a “fencing operation” dealing in stolen titles.
https://en.wikipedia.org/wiki/Fence_(criminal)
“A fence, also known as a receiver, mover, or moving man, is an individual who knowingly buys stolen goods in order to later resell them for profit. The fence acts as a middleman between thieves and the eventual buyers of stolen goods who may not be aware that the goods are stolen.
The fence is able to make a profit with stolen merchandise because he/she is able to secretly pay thieves a very low price for “hot” goods that cannot be easily sold on the open markets. The thieves who patronize the fence are willing to accept a low profit margin in order to reduce their risks by instantly “washing their hands” of the black market loot and disassociating themselves from the criminal act that procured it. After the sale, the fence recoups their investment by disguising the stolen nature of the goods (via methods such as repackaging and altering/effacing serial numbers) and reselling the goods as near to the white market price as possible without drawing suspicion. This process often relies on a legal business (such as a pawnshop, flea market or street vendor) in order to “launder” the stolen goods by intermixing them with legally-purchased items of the same type. [3] Fencing is illegal in all countries, but legally proving a violation of anti-fencing laws can be difficult.”
Bill Paatalo Oregon Private Investigator – PSID#49411
Office: 1-(888)-582-0961
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