dave salcido

I don’t have any objection to filing a Certificate of Acknowledgement and Acceptance of Warranty Deed. It’s a school of thought by some circles that a Warranty Deed may not have been perfected at origination. Not sure about that or if filing a Certificate of Acknowledgement and Acceptance of Warranty Deed adds any authority to title ownership…[Read more]

@Buzzbox wrote:

Fundamentally, when it is known that there is an absence of assignments and recordings, which causes you initiate suit against a lender for quiet title, you are, in fact, claiming that the lender has been paid in full on the promissory note and that the lender has lost any power to enforce the mortgage.

A- I do not hold that…

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@Buzzbox wrote:

OK Dave, I follow:

The NEO allows the homeowner a way out should they decide they want to go in another direction.

If they are doing the quiet title funding themselves, that likely makes sense, but doesn’t it leave you with nothing for your time and effort? I’d be willing to do that, the first time perhaps, to gain experience,…

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@Buzzbox wrote:

Dave, I had thought that placing the property into a EHT would have occurred early on, to both gain control and to manage the Quiet Title process via a special power of attorney/direction as a co-beneficiary.

Thus, I’m wondering why it was deferred until after the Quiet Title success? Certainly, there seems to be motivation to…

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An equity share offer to a pretend lender is contingent upon their ability to proof up.

If they can proof up, an equity share should be offered to give the homeowner the best chance to maintain control of their asset.

If they cannot proof up, they may expose themselves with damaging statements and/or documentation that can be used as future…[Read more]

Title companies insure the accuracy of chain of ownership. A court order granting quiet title is the best proof of clear title that a title company could ever have to avoid any future payouts in the event of litigation.

With respect to an EHT, the title owner is the trustee. Ownership was transferred from homeowner to trustee. No big deal. In a…[Read more]

@corkhorner wrote:

There are not any elevators in the Sonora! (joke)
Is it 50%. Or 49%? The 1% difference is the political fight in the US currently.
A follower of great minds,
Cork horner
Ps
Lurkers unite!

49%

@corkhorner wrote:

dave as soon as i can get a grip on your use of NEO we can proceed.

Okay, forget the NEO. Let’s just do this. Whoever you talk to, just say this,”I have an associate that just eliminated over 500K in mortgage liens through a quiet title action on a California property. Would you like to get on a 3 way call to see if he can do…[Read more]

@Buzzbox wrote:

Quiet Title, if successful clears the security instrument from title but it does not cancel the note. You have gained clear title but still owe on the promissory note. That potentially is a problem and could become an issue you may have to fight. The title company doesn’t care, all it wants is a clear title on the real estate and…

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@corkhorner wrote:

Progress Dave. Progress.
Basking? Like in valley of the Sun? You joking?
I know what you meant.
A big question remains “sell sell sell” well yah! The question begs to who and with bonafide title insurance?

A- Title companies know all about QT. Court orders are the most dependable form of clear title.
Have you determined that…

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@corkhorner wrote:

Good Dave.
Explicit rules the day.
I suspect that your clarification here will bring a lot of inquiries your way.
It may be significant that dr Gary opened this can of worms here.
This ‘can of worms’ is far far from over….
Including at the wall street level.
What is the answer to in the cal civil system the process of appeals…

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Let me try to set the record straight for all eyes to see.

I believe, and have believed from day one that HOPES, a homeowner/lender (or pretend lender) co-beneficiary agreement is the most reasonable way to correct clouded title issues that were created by foolish Wall Street note/deed bifurcation. Bifurcation was an honest mistake. It was a…[Read more]

Hmmm….please read my post.
We were granted a QT on an EHT. The beneficiaries were successful. I can now confidently promote HOPES in California only at this time. We have a team of trained attorneys and mortgage securitization experts that can give solid expert witness testimony. I cannot offer HOPES in AZ at this time. Neither can I do…[Read more]

I chose not to post for months because I had nothing more to add. HOPES all along was based on reasonable theory. Until 12/13/12, I had no conclusive evidence that HOPES supported by a QTA would hold up under the rules of evidence and the rules of procedure.

Take emotion and foreclosure out of the equation. Bring in good counsel that understands…[Read more]

@ Cork
“deep pocket lawyers against deep pocket lawyers”

That’s an assumption on your part I take it. Never underestimate the power of negotiation and the power of an EHT.

I know this will sound silly because it is so elementary, but the strategy is to make an equity share offer contingent upon locating an equity share RB. Then create and deliver an option to acquire an interest in a trust.

What do you want to do?

@Buzzbox wrote:

Most homeowners were simply trying to purchase a home and were caught up in the lender frenzy and rapid price appreciation, only to see it all collapse around them. My point here is the moral responsibility rests primarily upon the lenders and as such they should not benefit at the direct cost to the homeowner. See my earlier…

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My goal is certainly to help create a reliable protocol for this process and get to the point of institutionalizing equity sharing trusts between homeowners, lenders, investors and housing professionals everywhere to enjoy. I want to hold off answering questions about specific details until I can organize a meeting with my friends Bill Gatten,…[Read more]

Sadly Doc, pro se seems to be the option of necessity. Attorneys would be more active in this arena if it didn’t require so much time and energy to learn and apply the arguments associated with mortgage securitization fraud and quiet title. Except for the class action guys, I wonder how many attorneys are even smart enough litigate such an issue.