Park Place Securities, Inc.
Every Foreclosure by Caliber Home Loans is a FRAUD

We recently looked into Caliber Home Loans and the scummy trusts that they service and we were shocked at what we found. Virtually every foreclosure is based upon fraud and forgery. Not only can we prove it, we can show you how to prove it in court.

If you have a loan serviced by Caliber Home Loans involving a loan in a trust of which U.S. Bank Trust N.A. is the trustee, your foreclosure was done using outright fraud and forgery. We can prove it. If you are in a deed of trust state you can stop the sale. We tell you exactly how to do this and reveal information not even foreclosure defense lawyers seem to have discovered.

In 2008 the ecomony nearly collapsed due to REMIC trusts which were proven to be a Ponzi scheme by Wall Street.

Virtually every foreclosure involving REMIC trusts involves fraud. All trusts are based on contracts and REMIC trusts are based on a contract called a Pooling and Servicing Agreement (PSA). Virtually everyone involved in a REMIC has violated the PSA. Notes were never endorsed so Servicers manufacture mortgage assignments and Powers of Attorney to give themselves standing to foreclose. They ignore basic trust law, i.e. ONLY the Depositor can deposit anything into the trust. But the lessons that should have been learned by 2008 are again being ignored by a new type of scammer.

Now there is a relatively new type of trust being used in a very similar way called a DST or Delaware Statutory Trust. Companies such as Lone Star Funding are buying up defaulted home loans from the FHA and others, then placing them into Delaware Statutory Trusts. If your property is in a trust named LSF followed by a number such as LSF9, that is a Lone Star Fund trust. Caliber Home Loans services these trusts, and although they could probably foreclose legally, it is much easier, cheaper and faster to use the same dirty illegal tricks used by the REMIC trusts.

Our upcoming book/special report will let you put a stop to it.

Special Report is available soon.

In the meantime, we address many of the issues and fighting Caliber and other Delaware Statutory Trusts in a series of newsletters that are available to all purchasers of our main book, "Homeowners Can Win REMIC Foreclosures", which you can purchase on our main site at HERE.

Purchase our books and get access our our exclusive newsletters and resources.

We are also following closely a couple of federal court cases suing Caliber and U.S. Bank Trust N.A. and will be reporting on them in forthcoming newsletters.

For a better understanding of Delaware Statutory Trusts Click Here.

The following case was in federal court and is an issue of diversity jurisdiction. Most foreclosures are conducted in state court.

In states allowing non-judicial foreclosure, in order to challenge or stop the foreclosure, you must file a civil action against the parties trying to foreclose. Generally you should file in state court, as the filing fees are generally much lower than federal court. The defendants will then generally remove the case to federal court under the basis of diversity of citizenship. If you wanted to buy time, you could fight the removal by using the following case and you will find various similar cases by sheperdizing this one.

In order to understand the details of Delaware Statutory Trusts you need the basic foundational information in our two books on foreclosure defense. Our main book explains the foreclosure audit we offer that will provide you the information on your specific situation that you can use to fight the foreclosure.

Court Case Report

April 7, 2017 U.S. District Court

The United States District Court for the Northern District of New York recently denied plaintiff bank’s motion for default judgment in a foreclosure action and dismissed the complaint for lack of subject matter jurisdiction, finding that plaintiff failed to sufficiently allege the existence of diversity of citizenship to establish subject matter jurisdiction. See U.S. Bank Trust, N.A. v. Monroe, 2017 WL 923326 (N.D.N.Y. March 8, 2017).

In the case, plaintiff filed its complaint in federal court, alleging nonpayment of a mortgage by defendant and asserting subject matter jurisdiction based on diversity of citizenship. Plaintiff, a national bank, alleged that it is a citizen of Delaware based on having a principal place of business in Delaware and that defendant is a citizen of New York. Plaintiff brought the action on behalf of a Master Participation Trust, for which plaintiff bank serves as trustee. Defendant failed to appear in the action and the Clerk of the Court noted his default. Plaintiff subsequently moved for default judgment. The Court denied the motion on multiple grounds.

First, it found that plaintiff’s allegation about its principal place of business was insufficient to establish diversity, and noted that the Second Circuit has expressly held that the principal place of business is not to be considered when determining the citizenship of a national banking association. See OneWest Bank, N.A. v. Melina, 827 F.3d 214, 218–21 (2d Cir. 2016) (holding that a national bank is only a citizen of the state designated by its articles of association as the location of its main office). Plaintiff’s failure to provide the location of its main office meant that it had failed to properly allege its own citizenship.

Second, the Court held that plaintiff was only the nominal plaintiff in the action because it brought the complaint on behalf of a trust, and that the trust’s citizenship controls for diversity purposes. Plaintiff failed to include any allegations concerning the type of trust at issue, plaintiff’s degree of control over the trust assets, or, alternatively, the citizenships of the trust’s beneficiaries, all of which would be necessary to determine the trust’s citizenship. While the Court allowed plaintiff leave to file a motion to amend its complaint to address these deficiencies, it was harshly critical of plaintiff’s counsel for not clearly setting forth plaintiff’s basis for diversity jurisdiction.

Florida Caliber Case - Allonges/Failure of Proof/Lost Note -- ROBELTO Appellants, v. U.S. BANK TRUST, N.A., AS TRUSTEE FOR LSF8 MASTER PARTICIPATION TRUST, Appellee. No. 4D14-4721[May 4, 2016]

Contact Information:
Dan F. Schramm, CEO
Park Place Securities, Inc.
2011 Flagler Avenue, Suite 501
Key West, FL 33040-3732


Office: 305-570-1188

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Copyright 2019 by Dan F. Schramm and Park Place Securities, Inc.

Park Place Securities, Inc. is a Florida corporation.

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