Wisconsin Statutes, Chapter 134, 134.15 “Issuing and using what is not money; contracts void. (1)Any person who shall knowingly issue, pay out or pass, and any body corporate, or any officer, stock holder, director or agent thereof who shall issue, pay out or pass, or receive in this state as money or as an equivalent of money, any promissory note, draft, order, bill of exchange, certificate of deposit or other paper of any form whatever in the similitude of bank paper, circulating as money or banking currency, that is not at the time of such issuing, paying out, passing or receiving expressly authorized by some positive law of the United States or of some state of the United States or of any other country, and redeemable in lawful money of the United States, or current gold or silver coin at the place where it purports to have been issued, such
person shall be punished by imprisonment in the county jail not more than six months or by fine not exceeding $100, and such body corporate shall forfeit all its rights, privileges and franchises and shall also forfeit to the state and pay for each offense the sum of $500.
All contracts of any kind whatever the consideration of which, in whole or in part, shall consist of any such paper as is prohibited in sub.(1) and all payments made in such unauthorized paper shall be null and void.”
This COULD mean that derivatives and securitization might fall under what Wisconsin considers to be illegal practices.
Hello,yes i am in wi.I am still fighting litton on there 2nd foreclosure attempt.They have refussed to produce original mortgage documents.and have now filed a les pedens with the court.Also since then through an error i am sure on Equi-credts part they have sent me my original mortgage document stating it is the original and it is signed off by equi-credit as paid in full.I am going to introduce the document to the court at my next hearing and we shall see what happens then.
I am called “Joseph-William:Baker” though I have no name.
Yes, Stanley, you can cloud the title by rescinding your signature from the mortgage contract. Then notice the Title Insurance companies the seller, the realtor and put a sign up in your yard indicating a Title Dispute such as the one you can print out and assemble at http://dcresearch.com . I need to add in the first memo in this thread to the letter of rescission. That’s a powerful law now that I look at it again. People don’t seem to be able to comprehend that banks invent the credit they sell you. Go back and re-read that last sentence 10 times. PLEASE. Look at yourself in the mirror and repeat it.
They did not lend you money, they lent you credit, that they invented- they are ALL likely in violation of the law sited at the beginning of this thread – do you think they have gold to back up the credit they sold you – not a chance – this law needs to be shepharded to determine if it has been voided or if exceptions have been sited in case rulings.
Once you rescind your signature from the mortgage contract for reasons such as those on my web site, then you are free from the waiver you signed over the rite of presentment of the note. So now you can demand to see the note also.
Another site to digest is http://nahls.net
-Joey
Joe Baker
Do you have a way to cloud the title?
I have sheriff’s sales coming up in December. I have been applying to Wells Fargo Mortgage for loan Mods 5 times this year alone. Joe did you find an attorney in Wis. that Gets it?
Stan Putra
studly26@hotmail.com
Racine, Wi. 53406
any luck finding an attorney in Wisconsin that gets it. Please response to kenso14@aol.com thank you. The judge granted the JP Morgan foreclosure and as of today I have 3 months to figure something out before I loose my home. PLEASE HELP. any info links, referrals would be a blessing.
Sir/Madam
You could really make the news and help alot of people if you help me take on the Bank of Elmwood. The Bank has have more legal and financial errors than any other bank in Wis History. They would load me up with loans to buy property and then steal the property back with foreclosure leaving me with defiency judgements.
They gave me a heloc to divide my 1 and 1/2 acre into 3 lots worth $80K each. I split 1/2 acre and sold it for $96K then they reduced my heloc to $116k to split the 1 acre into two. I got sick and requested help thru hardship. They snubbed me signed a judgement for $140K said the lot could not be split without harm to the parties. I tried to stop them with a 13 to no avail They bid $60K at sheriff’s sale. I missed the confirmation due to a problem with my medication. I have survey’s appraisals, I called two hours after the confirmation hearing. I had proof the lots were worth $80K each $160K The judge confirmed the sale at $60K and quickly sold it to the lot’s neighbor for $47K. and modified the judgement to an $80K deficiency judgement. They pulled this 5 day notice crap. They use certified mail. The statutes say hand delivery or Registered mail. I worked for the Post Office for 33 years. Registered mail is better than certified but their lawyer said so what??
How many people have lost their properties thru their deception. Look at the deal they cut with the fed(attached) How many Tila or Respa violations were they cited for but the audit was sealed. They took 3 more properties a week ago now I owe them a deficiency of $140K. They just approved I hope my house for Obama HAMP. Can you do some contigency for now this could be a big class action? For you.
Stanley Putra
Racine, Wi
262 554 6041
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Stanley,
I’d do it even if they sold the damn thing. Cloud up the title.
The buyer should have the right to cancel the sale within a certian time period.
This might also stick it to the title insurance company big time.
The idea is to parade that notice at the sale and give a copy to everyone there.
If you post the address of the house, yours can be one of the first houses I list for clouding titles. You have to agree with the Items I set forth in the rescision document though.
- -Joe Baker
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Stanley,
Did they sell the house?
Do one of these:
http://dcresearch.com/joebaker/rescision%20letter.pdf
And then pass something out like this at the sale:
http://dcresearch.com/joebaker/NOTICE%20OF%20TITLE%20DISPUTE.doc
Dispute the Title!
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Can anyone suggest a lawyer in or close to Racine Wi? They confirmed my sale whil I was waiting for a loan mod I had made 4 payments and they are evicting me on the 15th.
Stanley Putra
Racine Wi
Hey Larry, can you tell us about your law from the 1600’s? Are you in Badgerland?
Hello,nice to know.I have been fighting litton loan servers for the last 10 years.Am now in 2nd foreclosure from them.I am currently using the produce the note.They are walking all around that and am now filing motion to compel.Will be looking into fraud aspect most def.I stopped the sale of my home the last time day of sheriffs sale by showing the sheriffs dept.that there was a conflict of ownership involved with my mortgage.Sale stopped common law dating back to early 1600,s concerning promissary notes of all kinds
Our current laws are based on that.
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I have heard that it is widely known that there is no statute of limitations on fraud.
I am seeking to write a letter of rescission on the waiver of presentment of the note for fraud. We are seeking to identify if other mortgages use the same “standard language” in the waiver of presentment. In a GMAC mortgage loan we find it as section 10.
I’ve been told that they mis-define what presentment of the note means here. And that UCC law itself defines what “presentment of the note” means. This smells of fraud with intention to “double dip” by collecting mortgage payments and selling the note and having other financial institutions deposit the note in such a way to leverage it’s value as if it were cash deposits – inventing 10 times the note’s face value in credit.
If this is true, it would be good to prepare a rescission of signature for fraud document and serve it upon the mortgage lender ASAP.
In California the state law does not allow “unlawful detainer” actions if the title is clouded with even an informal rescission of signature document served. Sale of the homes is invalidated by such rescission of signatures in cases where banks sell the house.
Is this mostly a Wisconsin blog? I have a mortgage in Wisconsin that I wish to vacate.
Sincerely,
by:Joseph-William:Baker
sovereign man on the land
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Hello to all! I am looking for borrowers who have found falsified asset statements in their origination or closing documents. Pursuing WOCCA/RICO charges against WFHM. Wisconsin Organized Crime Control Act provides cause of action under Wisconsin Law. Contact me at usedkarguy@yahoo.com if you have had this experience or are simply fighting a foreclosure in Wisconsin involving HSBC/Wells Fargo Bank. Thanks, Roger
WISCONSIN RESIDENTS: Keep in mind that fraud statute of limitations and contract statute of limitations is 6 YEARS IN WISCONSIN, not the customary 3 years.