2 votes

Facing Foreclosure? Tell The Judge "I've Got Insurance For That!"

RobbRyder here:

Why are those in foreclosure not pointing out the obvious?

"Judge I have insurance for that. Here is a copy of the policy:"

INSURANCE (Illinois)
(215 ILCS 155/) Title Insurance Act.

(1.5) "Title insurance" means insuring, guaranteeing, warranting, or indemnifying owners of real or personal property or the holders of liens or encumbrances thereon or others interested therein against loss or damage suffered by reason of liens, encumbrances upon, defects in, or the unmarketability of the title to the property; the invalidity or unenforceability of any liens or encumbrances thereon; or doing any business in substance equivalent to any of the foregoing. "Warranting" for purpose of this provision shall not include any warranty contained in instruments of encumbrance or conveyance. Title insurance is a single line form of insurance, also known as monoline. An attorney's opinion of title pursuant to paragraph (1)(C) is not intended to be within the definition of "title insurance".

735 ILCS 5/15-1204)
(from Ch. 110, par. 15-1204)
Sec. 15-1204. Guarantor. "Guarantor" means any person who has undertaken to pay any indebtedness or perform any obligation of a mortgagor under a mortgage or of any other person who owes payment or the performance of other obligations secured by the mortgage, which undertaking is made by a guaranty or surety agreement of any kind.
(Source: P.A. 84-1462.)

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Ezekiel 45:9

New Living Translation (NLT)

Rules for the Princes “For this is what the Sovereign Lord says:
Enough, you princes of Israel! Stop your violence and oppression and do
what is just and right. Quit robbing and cheating my people out of their land.

Stop expelling them from their homes, says the Sovereign Lord.




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This is a response from a man who's methods actually win.

"Title Insurance" - when purchased - covers ALL acts UP AND TO THE DAY IT
IS PURCHASED, not after.

It is to cover any issues with the title BEFORE YOU BUY THE INSURANCE that
may cause you problems with the property. It DOES NOT cover what happens
after you buy the insurance and property.

Robbryder cannot read legalese and does not understand law at all and his
teachings are wrong, dangerous and if you follow them they will cause you
to lose everything and go to prison.
--
*http://showmetheloan.net *

*http://foreclosuresecretsblog.com*
*http://camanon.com

** **John C. Stuart*, aka*** **Mobius Nemesis*

Get your preps together! Learn historic food storage and preservation methods and the science that makes them work now, start saving money and the future

Wow smudge

Robbryder cannot read legalese and does not understand law at all and his
teachings are wrong, dangerous and if you follow them they will cause you
to lose everything and go to prison.

In other words THIS INFORMATION IS CENSORED! DO NOT RESEARCH IT!

It's stuff like this that really makes me wonder which side you're on sometimes. Spread that fear on smudgy... smudge that fear on smudgy... smudge it on real thick so the people can't even MOVE when you get done spouting it.

There's a whole bunch of people who disagree with these kinds of comments:
http://www.dailypaul.com/278659/fear-leads-to-anger-anger-le...

I wonder if title insurance

will help a person who buys one of these foreclosed homes? What if a person buys a foreclosed home and then the original owner disputes the title or something and wants the home back?

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

My understanding

Of title insurance is that you are insuring yourself on past claims on the house (Leins, collateral), I could be wrong but that doesn't apply to your debt owed on the house and is obtained at time of purchase of the house. Again this is my limited understanding but the provider of this insurance checks your title for any Leins. They can't find it so they are willing to insure. Feeling that there research was good enough to be right on this bet. I can't see why somone would insure you knowing you owed money or had Leins outing your house.

Somebody please let me know if my understanding is wrong.

I think the point some are not comprehending

is that your property was paid in full with a "promise to pay" (same as cash) - when you signed the promissory note. Any liens on the property as a result of a mortgage would be fraud.

How is there a lien as a result of a mortgage?

Are you saying if i borrow against my house then buy something and still use my house as collateral (lien), That would be fraud? I suppose if you borrowed all the equity but you could still have a lien on the rest of your equity. But if you paid for your house with a promisery note you would not be able to borrow against it either because you don't own the equity. Though I still think the insurance only applies to the previous owners of the house. Or else we would all screw the banks this way. Seems to me this is a small passage of a far greater document that could explain the rest. Do you have a link?

point by point...

Are you saying if i borrow against my house then buy something and still use my house as collateral (lien), That would be fraud?

If it's from a bank in the federal reserve system you get the "loan" from (it's not a loan) then YES it would be fraud to be expected to make payments on what is essentially a simple CREDIT TRANSFER.

From one of your accounts to another - at the bank. As I understand it if you have a social security number you have an account with the federal reserve as well as the treasury.

Wrap your brain around this: Your AUTOGRAPH is the credit. Federal Reserve Notes are printed off that credit - the national debt is the money owed to the American people for continually running our economy into the ground and having to repeatedly tax us to bail themselves out.
http://www.dailypaul.com/266683/petition-avoid-the-fiscal-cl...

Applies to prior owners

I believe title insurance is guaranteeing you that when you buy the property you will not be subject to liens placed on the property due to delinquencies of the prior owner(s). This does not protect you from liens you incurred on the property yourself.

peace + liberty = prosperity

You are quite correct.

I wonder if OP is confusing this with the "quiet title" method that IS seeing success in courts.

Get your preps together! Learn historic food storage and preservation methods and the science that makes them work now, start saving money and the future

No I am not.

And let's remember here that what is "generally understood" about courts is not always the truth. I'm not saying this way or that way with respect to title insurance... however knowing what I know about property and court fraud it's definitely likely this could be legit.

If you're facing foreclosures however it's much better to take this approach:
http://www.dailypaul.com/277261/victory-rob-ryder-scores-a-w...

It's one thing to believe that.

It's another thing to actually point out where it says that.

You said that a lot better than me.

You said that a lot better than me.

robot999's picture

Bump

for comments...

"Government is the entertainment division of the military-industrial complex". - Frank Zappa