We ask the question …”how can a loan number INSIDER CODE reveal the Dodd Frank Cut off date of 5-11-2018 if the market had not yet crashed ?” Well here it is and it’s true.
The findings from a March 15th 2018 audit of the borrower’s file indicates the 5-11-2018 legislation expiration is a short sellers mark . The audit picked up the date which appears used by insiders privy to alleged concealed loan numbering timing constraint.
The loan numbers have been suspected to hold more than meets the eye according to SECONDARY whole loan foreclosure auditors . Concealment will tilt the scales with respect to a notional value – the total net amount of a derivative transaction, usually an interest rate swap, a forward contract, a cross currency swap or an options contract.
Here the loan number 2503134008 reveals a willful effort to gain advantage using a numeric code system designed by insiders as far back as 2005. The loan number is valued at 40 years prepaid interest that runs from the date of the loans closing to Dodd Frank sunset 5-11-2018.
Is this another example of the Y-2K warnings?
You be the judge!
Loan number 2503134008
Preferred – 25.00
Balance Out- 433,333.33
Installments – 34,666.67
Years – 12.5
Per Annum – 366
No of days- 4575
Mortgage Date – 10/31/2005
End Date- 5/11/2018
for more information email@example.com
Dear US Trustee
In Chapter 13 bankruptcy, the United States Trustee supervises the private trustees who administer Chapter 13 cases. In this chapter, the trustee does not liquidate the debtor’s assets, but instead evaluates the debtor’s financial affairs and makes recommendations to the court regarding the debtor’s proposed repayment plan.
A Chapter 13 debtor must propose a plan that devotes all disposable income to debt repayment over a period of up to five years. Most Chapter 13 cases are administered by “standing trustees” appointed by the United States Trustee to administer all cases filed in a particular geographic area.
In my case I am asking the US Trustee to intervene and affirm or formally reject the evidence obtained to date that clearly shows a back dating scheme under the US governments stern warning about Y2 K and 26 US Code section 61 consideration .
In the cancellation of debt is the involuntary conversion of title to land under a utilities, gas or other energy 99 year leasehold schedule. The attribution falls under section 61 is the attribution of ordinary income that is either paid or owed to the filing party in Ch 13
The inability or neglect with regards to addressing COD Income and sec 108 accelerated recovery as discovered in this case is not an option. Attribution by direct investment is subject to forfeiture that may or may not be cause for abandonment and 1099 A issued by foreclosing entity.
Please see attached SPS Statements
Mr. BK Filer
Homeowners are taxpayers first before they are mortgagors and only the mortgagor can fall into default. Auditors who reconstruct the general ledger know that accounting is empirical, it is damning and prima facie to all fact in a matter.
The tax payer is a mortgagor who’s earnings and credit qualified him for financing received on the date shown on the final HUD 1 statement.
The property was sold at closing under the TRANSFER RIGHTS IN PROPERTY by tax deferred exchange
The note was cancelled at 135% of its face value
Cancellation of debt causes the involuntary conversion of title into consideration paid. The sale is tax deferred and recognized but not realized until the year of disposition.
The amount paid at 135 percent of the cancelled note is expensed by an LLC as ordinary and credited back to LLC Directors as a pass through.
THIS MEANS THE HOME IS SOLD AND ITS APPRECIATED VALUE PAID OUT IN 20 SEMI-ANNUAL INSTALLMENTS TO YOU AS WAGES ORDINARY INCOME FOR PROPERTY PLACED INTO SERVICE.
YR SALE ….. 586,300.00
135 PERC …. 791,505.00
12 YRS ….. 205,205.00
PER YR ….. 16,945.09
COUPON ….. 2.890%
Borrowers are by involuntary conversion held to having exchanged title for member bank sponsored investments shares of corpus paid to corporations such as Bank of America or BAC partnerships.
Just how the court can hear the tax matter issues is unknown. The foreclosure courts lack the jurisdiction for determining the type and for what consideration the abandonment is made.
Nor can it hear or decide the matter of ordinary versus capital gains using 12 years of installments versus the same amount carried annually as net operating income . Its generally held to lack jurisdiction to even consider the non nonrecognition rules and requirements in tax deferred series of like kind exchanges where servicing rights are barred and mortgage debt was cancelled
Therefore the court is asked to consider dismissing the foreclosing agent claims hearing the matter of foreclosure that falls under the U S Tax Code section 1033 and CFR 1.751 constructive liquidation of a tax matter partnership interest .
Below is an actual file audited as of year end 2017. The numbers at first glance may appear meaningless.
Here are the original loan amount and appreciated value using 135 Percent of the notes face value. The unrealized balance was offset by a payoff figure provided by alleged servicing agents attorneys .
The difference between unrealized balance and payoff figure provided by attorneys is 9873.37. We use a future date July 31, 2045 and factor in the difference of 9873.37 and then adjusted 7 days 61 days and then back to January 1st 2000.
Next the auditor subtracted the last two dates May 12, 2018 and January 1,2000 and it equals a number that corresponds to a date in MS Excel . May 11th 2018 which is the Dodd Frank legislative sunset .
Look again because what you think you see is one date is in fact another. . . 5/11/18 = 1918 and Total of 99.61 years backdating !. The July 31 2045 future date came from an attorneys file number and was deciphered once again by way of the Y2 K formatting controversy.
Millennium Y-2 K “BUG” Error.
According to National Geographic Research Society “As the year 2000 approached, computer programmers realized that computers might not interpret 00 as 2000, but as 1900. Activities that were programmed on a daily or yearly basis would be damaged or flawed. As December 31, 1999, turned into January 1, 2000, computers might interpret December 31, 1999, turning into January 1, 1900.
Banks, which calculate interest rates on a daily basis, faced real problems. Interest rates are the amount of money a lender, such as a bank, charges a customer, such as an individual or business, for a loan. Instead of the rate of interest for one day, the computer would calculate a rate of interest for minus almost 100 years!
So who is receiving the back dated interest ? As auditors our job is to affirm the above file is indeed back dated. Maybe not 100 years but 99.61 in a real example of the Y2 K computer glitch.
The “bug” is for real !
Auditors and Secondary Accounting
A 10 Point MUST System to follow:
1. The SPS statements reveal a SUB ACCOUNT …Contra accounting or something other than a mortgage.
2. Have you addressed the interest-bearing account?
3. Have you addressed the outstanding balance?
4. If you subtract both you get ZERO! 26 US Code Sec 1.1091 Wash Sale
5. It’s for an abandonment of title `! “Contra Assets”
6. You cannot foreclose on zero in a Non-judicial foreclosure GAAP ASC 860 and 140-3
7. They issued a 30-day notice of intent for order of entry “judgment” Fed Debt Collections Procedures Act
8. The courts order is an AWARD and NOT a right to enforce collateral at ZERO
9. The State is awarding the SPS Agent and taxing it to you as ordinary income
10. After the foreclosure sale your accountable for 35 % withholding as COD Income
See the reporting requirements under 26 US Code sec 1.6050.P where “lender and servicer are barred from collections…”
Secondary and Capital Markets Accountants
Write us : firstname.lastname@example.org
According to researchers at National Geographic research Society, the Y2K bug was a computer flaw, or bug, that may have caused problems when dealing with dates beyond December 31, 1999. The flaw, faced by computer programmers and users all over the world on January 1, 2000, is also known as the “millennium bug.” (The letter K, which stands for kilo (a unit of 1000), is commonly used to represent the number 1,000. So, Y2K stands for Year 2000.) Many skeptics believe it was barely a problem at all.
As the year 2000 approached, computer programmers realized that computers might not interpret 00 as 2000, but as 1900. Activities that were programmed on a daily or yearly basis would be damaged or flawed. As December 31, 1999, turned into January 1, 2000, computers might interpret December 31, 1999, turning into January 1, 1900.
According to an secondary markets accountant and expert in the field of Banking and booking whole loan sales the Y2 K bug is the culprit in each foreclosure file reviewed .
The auditors has found evidence of back dating which distorts calculating interest rates on a daily basis.
Banks, instead of facing real problems with how they calculate rates instead found a windfall . Interest rates are the amount of money a bank, charges a customer, such as an individual or business, for a loan.
Audits have revealed instead of the rate of interest for one day, the banks computers are purported to calculate a rate of interest for minus almost 100 years!
At foreclosure sale the Grantee is alleged an innocent third party purchaser for value. The concern is where the value of the property is five percent of the amount paid by investors. This would explain some of the allegations made by homeowners that they found their note was sold up to 10 times.
Below is an example illustrating the issue
5/11/2018 12/30/00 05/11/17
5/11/2018 12/30/00 05/11/17
Looking at both line items close. Can you tell where the 100 years is buried ?
More to come
Secondary Auditors / Form 1099 Auditors
A worthless web site called livinglies professes “Only a Forensic Examiner can determine the Validity of an “Original” Note”
The website plays on peoples weakness with daily hype and propaganda for the publisher
If you want to audit your file would will need the final HUD I , any foreclosure correspondences from the opposition and the purported servicing statements to date.
We use this data to demonstrate the cause of the default and purpose of the foreclosure under the Dodd Frank legislation and debt collections practices act under the IRS for something called COD income.
The federal tax code uses the term “involuntary conversion” to refer to cases in which you receive compensation for the destruction, theft or confiscation of property. If you end up with a new property to replace the old one, you usually won’t have any immediate tax implications. But if you just take the money and walk away, an involuntary conversion may be taxed like a regular sale, or a voluntary conversion.
Web sites like livinglies want you to believe there is a prevailing banker fraud involved in your case. The truth is revealed in an audit that encompasses gross amount of loan proceeds and attribution of COD income COD is the cancellation of debt and involuntary conversion of debt to equity paid to you as income.
The income is paid over installments as ordinary and taxed at the prevailing state and federal rates. This is all divulged in the post foreclosure issued tax forms 1099 A and 1099 C
You are going to get nowhere grasping at straws and are better off with a tax attorney if you can afford it . Start with our audit and let us show you what we find in support of the above mentioned arguments for claims.
If we cannot find determine or discover what we are alleging herein – there is NO COST
What you think you are losing is what owed to you …
Irreparable harm is caused by withholding disclosures for subrogation advantage in a fictitious foreclosure and LLP members who act with officers and directors of member banks to remove occupants from property they never owned. To date LLP fail to report to consumers , courts or their shareholders of the public entity “a national association “ the proper tax payer characterizing of earnings and cause for the appreciation of certain non-performing assets leading to the sale of bad bank debt to consumers.
Defendants are the foreclosing interest holding the same and greater value in the same type asset as members of a certain LLC as bank officers and directors “General Partners” who are with their agents, a registered LLP, are collectively “membership and successors” as defendants in a tax matter partnership asset and liabilities conversion scheme.