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LEARN WHAT THE FORECLOSURE FRAUD SCHEMES AREREALLYALL ABOUT!
Larry Cherry, one of the fathers of foreclosure prevention for
the pasttGfi VG2rSwill provide insight into
why and how the fraud is taking place.
Topics covered:
"'-,What is behind the news reports on illegal foreclosures
(
Start the steps to investigating whether there is fraud with
your mortgage.
How property owners are getting restitution who lost properties
in foreciosurJ ,
How to immediately start eliminating some and possibly all or
your debt, including mortgages.
What to do about the property value you have lost and high
property taxe;~ ,
Why it is important to have legal representation and where to
get it whether you are in foreclosure or
not.
How people are maintaining their credit even when they
strategically default on their mortgage.
Why it is important t~ our country that we stand up to the banks
and mortgage companies who are"~
perpetrating fraud onlAmerican citizens.~ ~
('Why we should be banking at the smaller banks and credit
unions>
WHEN: Wednesday, October 27, 2010 at 6:30 p.m. -8:30 p.m.
& Saturday 11:00 a.m. to 1 p.m.
WHERE: 2221 S.Wolf Road, Hillside, Illinois
FOR RESERVATION: CALL773782-3733
COST: $5 donation to Habitat for Humanity
Sponsored by Landguard Eagle LLC www.landguardeagle.com
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BIOGRAPHY, Larry Cherry - 773 306-3377
Larry Cherry has been in business since 1974 serving the
community, at whichtime at the age of 18 while attending the
University of Illinois he began a fashionbusiness called Cherry
Tree Boutique. Over the next 18 years he attiredthousands of people
from all over the world with high quality apparel. He openedhis
first store in 1979 at Circle Court Shopping center located at
Racine andHarrison on the near west side of Chicago. In 1984 he
expanded into downtownChicago with a second store in the Hyatt
Regency on Wacker Drive. His businesswas chosen as Small Business
of the year by Chicago United,a coalition of the topcorporations of
Chicago. Mr. Cherry served as a volunteer counselor for the
SBA)sSCOREdivision at 30 years of age. Larry traveled throughout
the United Statesmarketing through conventions in over 20 states.
In 1989, after closing thechapter on the fashion enterprise, Larry
started a business consulting firmspecializing in business
planning, computer consulting and marketing.
In 1994 he became a State of Illinois real estate broker and
mortgagebroker, in which he specialized in providing housing for
families in underservedcommunities. Always dissatisfied with the
unfairness of uneven distribution ofcapital to small businesses and
inner city communities, he studied monetaryscience, finance,
economics, real estate development, mortgage lending andother
relevant topics leading to ways for those with energy and
enthusiasm toovercome lack of capital. The current housing program
used by CHA to assistvoucher holders to purchase homes was
developed by Larry Cherry.
In 2002, Larry Cherry founded the University of Life Itself, a
not for profitorganization specializing in educational training for
teachers, researching naturalhealing alternatives and foreclosure
prevention.
Cherry has conducted training workshops for over 4000 teachers
in over 70schools.
He is a 7 year volunteer with the Principal for a Day program,
and five years withthe Blackstar Program. He has served as a board
member of New DirectionsHousing for 11 years a nonprofit housing
agency that has built over 10 million
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dollars in affordable housing. In 2005, Larry was chosen as an
affiliate fellow bythe Ashoka Foundation a worldwide social
entrepreneur foundation.
To date, University of Life Itself has developed programs to
train attorneys inpredatory lending prosecution, foreclosure
prevention and fighting debtcollectors. Thousands of home and
property owners have been assisted throughcounseling and advocacy.
Landguard Eagle LLCwas formed to partner withinvestors to retain
our land, reinvest funds in needed communities and provideassistant
to competent lawyers vested in litigating unfair foreclosures.
Long before it was in the media Larry warned everyone who would
listen of thecurrent foreclosure crisis and how to prepare for it.
His message goes beyond thecurrent huge foreclosure crisis into
what has to be done to change our currentmoney system to a fair
playing field for everyone. Cherry has authored a book,entitled
1/25 ways to Stop Foreclosure With a Competent Attorney" to be
releasedin January 2011.
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1UNIVERSITY OF LIFE ITSELF LEGAL QUIZ -773 306-3377.
1. Have you or a family member or friend ever had a car
repossessed from alocation that was private property?
.:k2. After the car was repossessed, did the lender fail to send
you a Notice of\
Sale with the address, time of sale and stating whether it was a
public orprivate sale?
3. Before the repossession did the creditor enter into a workout
agreement, ( ..
with you and then took the car? ,'J' )..c".J/\ c,,~. C (j
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3It blows my mind how fast and big the top 5 banks have grown.
Bank of America in particularhas grown so rapidly from being a
regional bank to what it has be come today. The main reasonbehind
their growth is the major acquisitions they have made. Several of
the aquisitions haveended up hurting them more than helping.
TOOLS YOU CAN USE
1. Send Qualified Written Request (QWR)2. Require the Production
of Your Note3. Send FDCP A dispute4. Apply for modification
however. .5. Become a Strategic Defaulter6. Have a fraud audit
conducted on your mortgage7. Leam the laws of Service of Process8.
If you are over 60 or close consider a reversemortgage be
careful
9. Change your withholding allowances on your W4 ifyou are a
salaried employee
10. Find a better property for a much cheaper price11. Start
your credit repairA. Dispute trade line reportingB. Get an
accommodation loanC. Send a Good Faith Dispute and pay offwith
aRestrictive Endorsement Check
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4LEGAL TERMS TO KNOW
1. Jurisdiction - the authority given by law to a court to try
cases and rule on legal matters within a particulargeographic area
and/or over certain types of legal cases
2. Discovery - the entire efforts of a party to a lawsuit and
his/herlits attorneys to obtain information beforetrial through
demands for production of documents, depositions of parties and
potential witnesses, writteninterrogatories (questions and answers
written under oath),
3. Service of Process - the delivery of copies of legal
documents such as summons, complaint, subpena,order to show cause
(order to appear and argue against a proposed order), writs, notice
to quit the premisesand certain other documents, usually by
personal delivery to the defendant or other person to whom
thedocuments are directed.
4. Restrictive Endorsement Check5. Subpoena - an order of the
court for a witness to appear at a particular time and place to
testify and/or
produce documents in the control of the witness (if a "subpena
duces tecum"). A subpena is used to obtaintestimony from a witness
at both depositions (testimony under oath taken outside of court)
and at trial
6. Chancery - A court of equity7. Modification8. Forbearance -
The act of refraining from enforcing a enforcing a right,
obliigation or
debt.9. Judgment - the final decision by a court in a lawsuit,
criminal prosecution or appeal from a lower court's
judgment, except for an "interlocutory judgment," which is
tentative until a final judgment is made.10. Vacate a Judgment11.
Good Faith - an order of the court for a witness to appear at a
particular time and place to testify and/or
produce documents in the control of the witness (if a "subpena
duces tecum"). A subpena is used to obtaintestimony from a witness
at both depositions (testimony under oath taken outside of court)
and at trial
12. Slander of Title - defamation, in which someone records an
untruth about another13. Fraud - the intentional use of deceit, a
trick or some dishonest means to deprive another of his/her/its
money, property or a legal right.14. Negligence15. Plaintiff -
the party who initiates a lawsuit by filing a complaint with the
clerk of the court against the
defendant(s) demanding damages, performance and/or court
determination of rights16. Defendant - ) the party sued in a civil
lawsuit or the party charged with a crime in a criminal
prosecution17. Counterclaim - a retaliatory claim by a defendant
against a plaintiff in a lawsuit included in the
defendant's answer and intending to off-set and/or reduce the
amount of the plaintiffs original claim againstthe defendant.
18. Motion - a written or oral application requesting a court to
make a ruling.19. Pleading - a formal document where a party to a
legal proceeding sets forth or responds
to allegations, claims, denials and defenses20. SOJ -
Substitution of Judge21. Continuance - a postponement of a date of
a trial, hearing or other court appearance to a later fixed
date
by order of the court22. Default - failure to respond to a
summons and complaint served on a party in the time required by
law. If a
legal answer or other response is not filed, the suing party
(plaintiff) can request a default be entered in therecord, which
terminates the rights of the defaulting party to defend the case.
Under a unique New York
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5statute a default can be taken by failure to respond to a
summons served without a complaint 2) the failureto make a payment
when due, which can lead to a notice of default and the start of
foreclosure proceedingsif the debt is secured by a mortgage or deed
of trust. 3) v. to fail to file an answer or other response to
asummons and complaint, or fail to make a payment when due.
23. Interrogatories - a set of written questions to a party to a
lawsuit asked by the opposing party as part ofthe pre-trial
discovery process
24. Production of Documents - the right to examine and copy the
opposing party's papers in a lawsuitwhich are relevant to the
case.
25. Request to Admit - A partys written factual statement served
on another party who mustadmit, deny or object to the substance of
a statement
26. Deposition - the taking and recording of testimony of a
witness under oath before a court reporter in aplace away from the
courtroom before trial
27. Motion to Reconsider28. Appeal - to ask a higher court to
reverse the decision of a trial court after final judgment or other
legal
ruling29. Consideration -Something of value received by a
promisor from promise.30. Promissory Note - n. a written promise by
a person (variously called maker, Obligor, payor, promisor) to
pay a specific amount of money (called "principal") to another
(payee, obligee, promisee),31. Holder in Due Course - one holding a
check or promissory note, received for value (he/she paid for
it)
in good faith and with no suspicion that it might be no good,
claimed by another, overdue or previouslydishonored
32. Securitization33. Motion to Compel- a party's request that
the court force the party's opponent to respond
to the party's discovery request.34. Assignment - . the act of
transferring an interest in property or some right (such as
contract benefits) to
another. It is used commonly by lawyers, accountants, business
people, title companies and others dealingwith property.
35. Emotional Distress - an increasingly popular basis for a
claim of damages in lawsuits for injury due to thenegligence or
intentional acts of another
DISCUSSION TOPICS
Why you shouldn't feel guilty about not paying your mortgage
How law can literally save your financial life, home, car,
boat,relationship, job, freedom, bank account, check from being
garnished,release you from payday loan trap, get you a home, help
you retireearly and get you out of bad student loans BYSTUDYING
LAW.
What does the study of law involve?
RECCOMENDED READING
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625 Ways to Stop Foreclosure with a Competent Attorney by
LarryCherry
Creature from Jekyll Island by Joseph Griffin
The End of Money by Thomas Greco
The Lawsuit Survival Guide by Joseph Matthew
Blacks Law Dictionary
Legal Research
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