Dorean Group's Method For Discharge

Hey all. I read a summary of the Dorean Group's method for discharging secured and unsecured debts on the Success Stories board (that's the thread where the poster got her mortgage discharged. Could someone explain the Dorean Group's stragegy word for word to me?? It sounds like Jerseee's strategy with respect to demanding verification of the debt and accompanying this with a Prom Note to serve as a good faith payment . . . .

[redpilltaker]

Originally Posted by cute_chick

Hey all. I read a summary of the Dorean Group's method for discharging secured and unsecured debts on the Success Stories board (that's the thread where the poster got her mortgage discharged. Could someone explain the Dorean Group's stragegy word for word to me?? It sounds like Jerseee's strategy with respect to demanding verification of the debt and accompanying this with a Prom Note to serve as a good faith payment . . . .

My understanding, after speaking with Montana and RICKY, is that you are correct. It is really just a demand for verification.

The difference is that the demand is by a trustee...that supposedly has the legal team in place to litigate in order to fullfill their fiduciary duty to the beneficiary of the trust that holds the property...not some "little" guy with "frivilous" arguements...

The group also claims to have a bond offered with FRN's attached to it...not an exemption...another "perception" issue since it keeps up appearances...IMHO

I still have an interest in their methods...but I am still looking at options myself....

Hopefully someone else can fill any blanks left after this reply...

P.S. How are you liking that Tom Schauf material?


Later,
RPT

Originally Posted by cute_chick

Hey all. I read a summary of the Dorean Group's method for discharging secured and unsecured debts on the Success Stories board (that's the thread where the poster got her mortgage discharged. Could someone explain the Dorean Group's stragegy word for word to me?? It sounds like Jerseee's strategy with respect to demanding verification of the debt and accompanying this with a Prom Note to serve as a good faith payment . . . .

IF YOU SEEK MORE INFO AND EXPLANATION ON THE DOREAN PROCESS, CHECK OUT THIS LINK:
http://www.propertysites.com/forums/forum.php?FID=2

THERE'S PLENTY OF DISCUSSION ABOUT THIS AND OTHER M.E. COMPANIES.

Originally Posted by redpilltaker

My understanding, after speaking with Montana and RICKY, is that you are correct. It is really just a demand for verification.

The difference is that the demand is by a trustee...that supposedly has the legal team in place to litigate in order to fullfill their fiduciary duty to the beneficiary of the trust that holds the property...not some "little" guy with "frivilous" arguements...

The group also claims to have a bond offered with FRN's attached to it...not an exemption...another "perception" issue since it keeps up appearances...IMHO

I still have an interest in their methods...but I am still looking at options myself....

Hopefully someone else can fill any blanks left after this reply...

P.S. How are you liking that Tom Schauf material?


Later,
RPT

Thanks RPT. So it seems like all the Dorean Group is doing is demanding verfication, accompanying this with legal tender, and hiring a good attorney to follow through in the event the creditor can't verify the debt. I'm probably oversimplifying the process but it seems to me that we can do the same thing so long as we hire a good attorney or have the required legal traning to litigate and represent ourselves.

With respect to Scauf's materials, I haven't read the Manual yet. Actually, I need to call Tom - thanks for reminding me. In any event, based on our conversations, it appears that the strategies discussed in Volumes 1, 2, and the Manual are outdated and there's a new strategy in place. Remember, bank allies have been plagerizing and manipulating Tom's materials for years in an effort to confuse us. I say that to say be careful, very careful, about what you read or hear with reference to discharing your debts . . . . . . .

For these reasons, I suspect the purpose of those books is to educate the public and to inspire a political revolution - not to discharge everyone's debts.

[Purge]

On 11/09/04, I went to my county superior court Website and I looked up my name. I found 2 entries I haven’t seen before, one said NOTICE and the other said CANCELLATION. To my surprise… on Oct. 26th my DISCHARGE OF MORTGAGE. It even said “Certify that the above mortgage and the debt secured by such mortgage are fully paid, satisfied and discharged, and that the mortgage is fully and forever released from the property described therein.”

I was so excited I went to the courthouse to pickup a copy of the discharge. It is in my hand… IT IS AWESOME.
Discharge of Mortgage http://home.comcast.net/~icufree/Discharge.doc

At this point I am going through the re-fi.

Here are some of the explanations given by people on the propertysites forum.

The bank has no legal justifiable beneficial interest ever.
It might be argued the bond acts as a tender of payment anyway (UCC Law). If it is, then, the lien needs to be discharged anyway, whether the bank does it on their own, or a substitute trustee does it. Justice & fairness demands this. The trustee isn't self appointed, the trustor appoints the trustee. If the bank doesn't object, which they didn't when the "power of attorney" was filed & served, previous to the deed of reconveyance, then, the change in title need to stand since the lender didn't protest or validate in time. Silence is acquiesence.

Mogel

The substitute trustee is never claiming to act in the "interests of the bank", but they do become an "agent" for the bank. As an agent for the bank, they have the right to sign all documents that are necessary to perfect the bank's default. Maybe you don't understand "agency law" as well as you think you do.

Mogel

Presentment to Full Reconveyence

When the banks don't answer to the presentment (they can't answer) in time they default. It's an administrative judgment. The bank defaults, judgment is filed with the court and that's it. Dorean can then file their Reconveyence of title or satisfaction of mortgage. If the banks try to bring action later that is a trespass. I'll bet there is probably wording in the Notice of Administrative Remedy that the banks agree to not trespass (10x damages for each trespass). When the banks trespass Dorean can then slap a lien on the bank and officers of the banks or sell the judgments.
Once the judgment is filed with the court (clerk stamps the paper work) the bank can ask a judge to review it to see if it has been done properly. This is all they can do. Don't worry about bad behavior. The banks will soon learn to roll over and play dead.

Rottweiler

Originally Posted by Purge

On 11/09/04, I went to my county superior court Website and I looked up my name. I found 2 entries I haven’t seen before, one said NOTICE and the other said CANCELLATION. To my surprise… on Oct. 26th my DISCHARGE OF MORTGAGE. It even said “Certify that the above mortgage and the debt secured by such mortgage are fully paid, satisfied and discharged, and that the mortgage is fully and forever released from the property described therein.”

I was so excited I went to the courthouse to pickup a copy of the discharge. It is in my hand… IT IS AWESOME.
Discharge of Mortgage http://home.comcast.net/~icufree/Discharge.doc

At this point I am going through the re-fi.

Here are some of the explanations given by people on the propertysites forum.

The bank has no legal justifiable beneficial interest ever.
It might be argued the bond acts as a tender of payment anyway (UCC Law). If it is, then, the lien needs to be discharged anyway, whether the bank does it on their own, or a substitute trustee does it. Justice & fairness demands this. The trustee isn't self appointed, the trustor appoints the trustee. If the bank doesn't object, which they didn't when the "power of attorney" was filed & served, previous to the deed of reconveyance, then, the change in title need to stand since the lender didn't protest or validate in time. Silence is acquiesence.

Mogel

The substitute trustee is never claiming to act in the "interests of the bank", but they do become an "agent" for the bank. As an agent for the bank, they have the right to sign all documents that are necessary to perfect the bank's default. Maybe you don't understand "agency law" as well as you think you do.

Mogel

Presentment to Full Reconveyence

When the banks don't answer to the presentment (they can't answer) in time they default. It's an administrative judgment. The bank defaults, judgment is filed with the court and that's it. Dorean can then file their Reconveyence of title or satisfaction of mortgage. If the banks try to bring action later that is a trespass. I'll bet there is probably wording in the Notice of Administrative Remedy that the banks agree to not trespass (10x damages for each trespass). When the banks trespass Dorean can then slap a lien on the bank and officers of the banks or sell the judgments.
Once the judgment is filed with the court (clerk stamps the paper work) the bank can ask a judge to review it to see if it has been done properly. This is all they can do. Don't worry about bad behavior. The banks will soon learn to roll over and play dead.

Rottweiler

Thanks Purge and PJ - just as I thought! A few quick questions though:

1. Once Dorean gives a bond (or some negotiable instrument), what is the response date - that is how long does the bank have to reject or dishonor the payment?

2. And why is it that the bank cannot answer in time? Does it have something to do with the bank selling the bond/negotiable instrument? I'm going to look up the meaning of Administrative Judgement too!

This system is easier than first removing the lien from the property, then verifying the debt and discharging. Seems like you can do the same thing for car loans . . . . . .

[Purge]

1. Once Dorean gives a bond (or some negotiable instrument), what is the response date - that is how long does the bank have to reject or dishonor the payment?

Dorean gives the lender 10 days to respond and when they fail. Dorean gives an added 10-20 days to respond. After the total 20-30 days the lender defaults and Dorean proceeds with the Reconveyance.

2. And why is it that the bank cannot answer in time? Does it have something to do with the bank selling the bond/negotiable instrument? I'm going to look up the meaning of Administrative Judgement too!

"the Trustees have demanded as part of the full disclosure the production of the promissory note with all fronts and backs complete with endorsements and the accounting general ledger of [lender] to be provided for audit where such audit shall be performed by a Certified Public Accountant."

If you PM me I will show you the Notice of Intent and the Reconveyance in its entirety.
I would love to post this but there are so many hateful people thinking I'm stealing from the bank. Their ignorance is overwhelming.

[Jerseee]

Purge,

It matters not what others think---all that matters is what you know to be true and what has worked for you using the law.

If you are unsure about certain things I can understand. If you are unable to explain something to someone--that is understandable too. But never deny yourself an opportunity to bless/inform someone of lawful things to make their life a little easier.

Security for the sake of convenience is a terrible thing. there is nothing to risk by informing folks of the truth and the law---its public property not private property.

Thanks for sharing all you have and decided to share, it's what makes this site the standard in personal freedom

Originally Posted by Purge

1. Once Dorean gives a bond (or some negotiable instrument), what is the response date - that is how long does the bank have to reject or dishonor the payment?

Dorean gives the lender 10 days to respond and when they fail. Dorean gives an added 10-20 days to respond. After the total 20-30 days the lender defaults and Dorean proceeds with the Reconveyance.

2. And why is it that the bank cannot answer in time? Does it have something to do with the bank selling the bond/negotiable instrument? I'm going to look up the meaning of Administrative Judgement too!

"the Trustees have demanded as part of the full disclosure the production of the promissory note with all fronts and backs complete with endorsements and the accounting general ledger of [lender] to be provided for audit where such audit shall be performed by a Certified Public Accountant."

If you PM me I will show you the Notice of Intent and the Reconveyance in its entirety.
I would love to post this but there are so many hateful people thinking I'm stealing from the bank. There ignorance is overwhelming.
Step by Step

So what happens when the bank still forecloses after the re-conveyance. What happens when there's a trustee sale?

Originally Posted by PraisinJC

So what happens when the bank still forecloses after the re-conveyance. What happens when there's a trustee sale?

this is what everybody wants to know.

i was under the impression that dorean could prevent this from happening due to the fact that you have a reconveyance and the bank is in default.