MORTGAGE JUSTICE GROUP

46, N. Washington Blvd. , Sarasota, Florida 34236

mortgagejustice1@yahoo.com

1. The Florida Bankers Association is attempting to use the power of the Florida State
Legislature as an instrument to commit fraud upon its citizens and House Bill 1523 is
inappropriately named The Homeowner Relief and Housing Recovery Act.
2. This Bill and its sister Bill in the Senate SB 2270 will not relieve any Homeowners
and neither will it aid any Housing Recovery. On the contrary these Bills, if enacted,
will add to the personal burdens of this States’ citizens, deepen the recession, add to
the destabilization of communities, the breakup of families, an increase in blue collar
crime and hundreds of millions of Dollars in lost Court revenue to the State.
3. HB 1523 adds to the deception in its introduction by adding to the ‘deadbeat
borrowers myths’ [whereas it was deliberately planned and executed by Wall Street
Investment Banks, Main Street Banks, mortgage lenders and their cohorts], falsely
suggests that the cure is to expedite foreclosures to bottom out the market and that
somehow this unsupportable economic theory will revitalize the economy, allow
citizens to pay their taxes and Housing Associations to maintain communities.
4. If enacted, the passage of these Bills would shift the burden of proof to foreclose from
the foreclosing parties to the homeowner, thus denying those homeowners their
existing rights of due process and simultaneously, circumvent the recently imposed
Supreme Court of Florida’s requirement placed upon foreclosing parties to
substantiate under penalty of perjury that they have the legal authority to foreclose on
real property given as security in a Mortgage to the true Owner of a Promissory Note
and to engage in mandatory mediation. These requirements are the real reason for
these proposed laws, because they can no longer hide their crimes from our Courts.
5. Because all members of the legislature are unaware of the fraudulent intent behind the
Florida Bankers lobbyists who proposed this draft legislation we have concentrated
most of our detailed efforts upon exposing the frauds rather than pointing out the
serious deficiencies of the Bills as we know that other groups and individuals are
adequately bringing such reviews to the attention of the legislature.
6. However, of paramount importance is the fact that lines 216 to 225 of the original
draft clearly backdates the effect of these proposed laws to time immemorial. By the
clever use of the words “agreed in substance in the security instrument” the drafters
are seeking to remove the requirement contained in Florida Mortgages in clause 22
that all foreclosures must be conducted through the Judicial system by obliquely [but
not specifically] referring to clause 16 in which the signor has acknowledged that the
whole document is subject to Federal and State Law. The intent of the signing parties
of all such Mortgages was that clause 22 of that unilateral contract would apply for
the life of that instrument and that imprecise words such as “agreed in substance”
would not be used in future laws to imply that they had agreed to a major change in
the terms of those Mortgages and if enacted it will negatively impact basic human,
property and contractual rights guaranteed under the Federal and State constitutions.
7. Mortgage Justice wishes to reveal that the truth behind the mortgage meltdown is:-
(a) The Housing Bubble was deliberately planned and implemented by
Wall Street entities and the Main Street Banks.
(b) Mortgage and other loans were deliberately set up to fail.
(c) The lenders shown on Promissory Notes and Mortgages were not the
Lenders, but were misappropriating the use of their licenses to transact

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 MORTGAGE JUSTICE GROUP
46, N. Washington Blvd. , Sarasota, Florida 34236
mortgagejustice1@yahoo.com

mortgage business in the various states and were funded by Wall

Street Brokers from the proceeds of the sale of Derivatives in wrongly
described AAA rated Mortgage Backed Securities, for which they
were paid excessive ‘yield spread premiums’ as a commission.
(d) Notes and Mortgages were not sold in the secondary market, neither
were they transferred into securitized mortgage pools. It was
impossible for pretend lenders to sell what they did not own.
(e) Contrived sales in the secondary market were documented in the
Securities and Exchange Commission’s public records to entitle these
pretend lenders to avoid paying federal taxes upon their profits by
appearing to comply with IRC 860 and ‘selling’ loans into Real Estate
Mortgage Investment Conduits (REMIC). Documents filed in the SEC
provide proof that all these mortgages failed to comply with IRC 860.
(f) SEC documents establish that none of the mortgage loans that they say
were put into REMIC Trusts, ever reached those Trusts and that the
majority of the ‘so-called’ Trusts were not Trusts but a form of
perpetual LLC with zero reporting requirements filed in the State of
Delaware for the benefit of those major Banks and/or GSEs, as the true
beneficiaries of all the frauds. These ‘Trusts’ are named Delaware
Statutory Trusts, they are neither Statutory, nor are they Trusts.
(g) The true beneficiaries of the frauds also sold undisclosed and
unregulated multiple default insurances and credit default swaps sold
through the International Swaps and Derivatives Association on every
new mortgage created to guarantee receipt of multiples of sums they
had pretended to lend as and when the planned defaults occurred.
(h) It is therefore a fact that in almost every mortgage foreclosure action
the foreclosing entity is not the owner of the Note or the Mortgage,
never lent any money, is an integral part of a criminally motivated
group has already reaped criminal profits, will share in multiple
proceeds from insurances, all the Notes have been deliberately
eliminated as admitted to the Supreme Court of Florida by the Florida
Bankers Association and all Notes are already paid in full.
8. Mortgage Justice understands that the above text contains major allegations of fraud
levied against some of the biggest and most powerful institutions in the land and does
not make these accusations lightly. We are fully prepared upon request given
adequate notice to furnish irrefutable documentary evidence supporting those
accusations and if required to justify them with documentary evidence are willing so
to do in order to demonstrate why this proposed legislation must be unanimously
rejected by the Florida Legislature for the benefit of its present and future citizens.
9. We also request Public Hearings be scheduled prior to any passage of these proposals
and we suggest inviting all interested parties, including representatives of finance and
banking who are apparently promoting these Bills, consumers and their advocates.
10. Finally, we refer you to informative videos that can be accessed via the Internet. In
our opinion the most reliably informative and professional presentations of the truth
behind the housing bubble are those involving the eminent Academic, Criminologist,

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 MORTGAGE JUSTICE GROUP
46, N. Washington Blvd. , Sarasota, Florida 34236
mortgagejustice1@yahoo.com

Economist, Lawyer, Accountant, author of the book entitled ‘The Best Way to Rob a
Bank is to Own One’ and a former lead regulator during the savings and loans crisis.
Professor William [Bill] Black. To authenticate what we have revealed, please watch
Bill Moyers’ PBS interview of Bill. WE BELIEVE this interview OFFERS AN
EXCEPTIONAL OVERVIEW OF THE CAUSE OF THE ECONOMIC
MELTDOWN AND FRAUD PERPETRATED BY THE BANKING INDUSTRY
ON THE AMERICAN CITIZEN AND WE BELIEVE IT IS IMPERATIVE THAT
YOU WATCH AND HEAR THIS VIDEO.
11. Bill Black submitted himself to further questioning in a recent five-part
interview on an Internet news channel, Real News. Please watch and listen to
these questions and answers also. Political rhetoric, spin and sound bites are no
answer to the serious crimes exposed in these interviews. He speaks openly, with
a sincere honesty and integrity, almost extinct in our country today. His interview
makes us starkly aware that the Banks are striking at the heart of our Republic and
government, in all of its branches, but especially the judicial branch. Now that
Courts are more closely examining foreclosure cases filed against homeowners in
Florida and other jurisdictions the truth is beginning to emerge. Courts in Florida
and in many states are finding that the banks lack standing, are filing frivolous
lawsuits and are unable to prevail when a homeowner enters a properly pled
defense. Mortgage justice strongly believes that the preservation of citizen rights
to defend these actions is as vital to the Citizens of Florida as it is to the banks to
destroy it. Preserving those rights will establish the truth, disclose extensive
violations of state and federal laws by the banking industry, put an end to the
power of the banking industry in our state legislature and the resultant backlash of
public opinion will reverberate throughout our nation and the world. After nearly
destroying the Global Economy, after lowering by twenty percent the net worth of
our citizens, and after borrowing billions from them and reaping record profits
without any legislative reform or inquiry they now attempt to make it even easier
to take the homes of the citizens and deprive them of their legal rights. We urge
you to carefully consider, investigate and reject this proposed legislation on behalf
of the homeowners and citizens of Florida.
Sincerely,

MORTGAGE JUSTICE,
for our members and the Citizens of the United States, April 12, 2010.

P.S. Internet links – Please copy and paste the following links into your browser:-
www.pbs.org/moyers/journal/04032009/watch.html

Then listen to - To rob a country, own a bank Pt5 – put this into Google and
follow the links to 5 part video of Black on Real News.

Also essential viewing and listening to the latest on MSNBC,

http://www.rumormillnews.com/cgi-bin/forum.cgi?read=170712