[Occupymendocino] Fw: Invitiation: Foreclosure Town Hall Phone Conference Monday nights 5:30p Pacific

[Agnes Woolsey]

Everyone,Please forward this to the Board of Supervisors email address which is http://co.mendocino.ca.us/bos/. They can takeover failing mortgages by Eminent Domain now. It will be too late in January to take over these failing mortgages. See the reason below.
Agnes
----- Original Message ----- 
From: CJ Holmes 
To: CJ Holmes 
Sent: Monday, October 08, 2012 8:54 AM
Subject: Invitiation: Foreclosure Town Hall Phone Conference tonight 5:30p Pacific


Special guest speaker, CJ Holmes, founder Home Owners For Justice.  www.HOFJ.org

Oregon Occupy Foreclosures, our interoccupy.net teleconference every Mon, 5:30 PM Pacific Time, enters a new phase with a special guest, CJ Holmes, on Mon, Oct 8. Please click this link, register for the calls, and let others in your groups know we are making a difference for homeowners, tenants and others in the Pac NW.  http://interoccupy.net/blog/ai1ec_event/oregon-occupy-foreclosures/?i

This week, CJ Holmes of Home Owners for Justice will discuss Eminent domain and its place in mortgage reform and anti-foreclosure actions. Let's Invite homeowners, activists, and anyone interested in identifying the people who have brought their problems and deceptive practices into our neighborhoods.

COMMENTS FROM CJ'S PRESENTATION ON 10/2 to Occupy Bernal, San Francisco:
"At last Tuesday evening's Educational Workgroup program, real estate broker CJ Holmes asserted that as of sometime in early 2013, our foreclosure fighting techniques will be obsolete. According to her--and you are encouraged to visit her homeowners for justice website www.hofj.org, the banking cartel will have largely insulated themselves from any inhibitions permissible to forestall foreclosures related to securitized mortgages.

Securitized mortgages, remember, are the mortgages no longer held intact by a single lender, but have instead been divided into pieces of investment debt. You might think of it as something like a mutual fund. What stock do you own when you own a mutual fund? A little bit of a lot of different businesses. The point here, which CJ made, is that with securitized mortgages there is no "there" to talk to about mortgages. The mortgage is broken up into literally hundreds even thousands of investors. 

What the banks have done, according to CJ, is off-shore and anonymize the broker of these fractured mortgages. What that means is that any complaint which might currently have weight with a bank or investment firm will have no weight with a telephone operator in India employed by a blind corporation based in Malaysia. In short, there will be no bank and its officers for us to assail during the foreclosure process. PERIOD. No John Stumpf. No Nationstar. Nobody will be home. And the foreclosure avalanche will commence, according to CJ.

Is she right? I don't know. But her recommendation is that we prepare for this possibility by acquainting County Supervisors (who oversee land title matters throughout the U.S.) with this possibility, and prep those Supervisors regarding the option of THE COUNTY EMINENT DOMAINING THE TROUBLED SECURITIZED MORTGAGES AND DEMANDING PROOF OF TITLE. CJ argues that since clear title cannot be produced (because it has been atomized into hundreds of investment shards) the county could take possession of these loans for free and reissue modified loans to the families otherwise in foreclosure.  Combined with the establishment of a public bank, this could create a powerhouse of wealth for the people.

There's more to the model CJ has put forward, but all I will supply here is a taste. A public bank receiving moderate interest on a ton of real estate will generate enough public revenue to reduce onerous taxes on working class incomes AND MAINTAIN public programs."

I look forward to chatting with you this evening.  

Thanks,  cj

CJ Holmes, Founder 
Home Owners For Justice

The Most Trusted Name in Real Estate
Real Estate Analyst, DRE 01234197

www.HOFJ.org
(707) 578-5727
(707) 578-5873 f
818 Mendocino Ave
Santa Rosa, CA  95401












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