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Thursday, September 09, 2021

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Edwin Bell

Debt collection involving most credit cards and mortgages is almost 100% owned by securitized trust or investors. Banks, credit card issuers, and mortgage servicers cannot legally sell debts they DO NOT OWN. This type of unlawful activity has been going on for far too long. Most people who actually have experience or understand securitization know that all wall street trust are regulated by the SEC. When a default occurs the managers of the trust must write-off or charge-off the debt based on strict SEC rules. These charged-off debts can be assigned to law firms for collect only by authorization of the owners/trustees for/of the trust. This scheme of selling securitized debt has been a growing unlawful scheme since the mid 1990s when the nefarious debt collection companies were conceived to make massive profits on stolen charged-off debt usually assigned or SOLD for pennies on the dollar by servicers who lack any authority to sell debts that are not their property. State and Federal Courts have been manipulated to write unlawful opinions that violate most UCC statutes in an attempt to legitimize illegal debt collection. Now, many published opinions are being used to support what is essentally organized crime using Courts to process illegal judgments and use its resourses to EXTORT citizens for debts that are being stolen from securitized trust without the permission of the legitimate owners. If the investors knew that 100% of the debts were receiving judgments for total amounts owed with interest and attorney's fees they would process them under contract with legitimate law firms. This is the biggest scheme fraud scheme in history.

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