We’ve been alerted by several homeowners about Frank Waldo’s Fraud Stoppers website, videos and literature that contain lies and disinformation harmful to homeowners.
Frank Waldo who owns Fraud Stoppers sold worthless securitization audits performed by Certified Forensic Loan Audits, who was recently put out of business for scamming homeowners. The courts have repeatedly held these securitization auditors are “charlatans” and their “paperwork empty gimmickry:” https://scholar.google.com/scholar_case….
And now this fraud is admitting to homeowners that “the CFLA audit is no good.” What a whore! Is he going to return the funds to homeowners who bought this useless garbage he was peddling? I think not.
Frank Waldo also claims that the Supreme Court of the State of Kansas stated in LANDMARK NATIONAL BANK v. KESLER that “the splitting of the note and mortgage creates an immediate and fatal flaw in title”. This alleged quote posted by Frank Waldo doesn’t exist. Scammers, like Frank Waldo make up quotes from court cases in an attempt to back up their lies, frivolous rhetoric and arguments.
The truth; courts around the country have held that a deed of trust ” ‘split’ from the note through securitization, DOES NOT render the note unenforceable. JOHNSON V. HOMECOMINGS FINANCIAL, 2011 WL 4373975, at *7 (S.D.Cal. Sep.20, 2011); CERVANTES V. COUNTRYWIDE HOME LOANS, 656 F.3d 1034 (9th Cir. 2011) (The “split the note” theory has no sound basis in law or logic.).
Sadly, for another homeowner a federal court found this homeowners arguments supplied by Frank Waldo to be “meritless:” “Plaintiffs apparently learned their securitization theory from Frank Waldo, as nearly half of the Complaint is verbatim from his website:” https://scholar.google.com/scholar_case… And here’s another homeowner who lost using his nonsense and scam audit: https://scholar.google.com/scholar_case… Regrettably, I could post dozens more, just like this one.
And worse still, some poor soul made the drastic mistake of giving this fraud her confidential settlement agreement; and this scumbag posted it on his website; proving this woman breached the agreement and will be forced to return any funds she received back to the bank. Why would anyone trust this moron? If they do, they certainly will meet the same sad ending that the others have.
Frank Waldo also disseminates other lies and complete nonsense: https://www.youtube.com/watch?v=gyppH6r2YYo Real facts regarding the Daly case can be found here: http://mandelman.ml-implode.com/2013/01/are-mortgages-fraudulent-the-case-from-credit-river/
Sadly, homeowners have already succumbed, or will succumb to Frank Waldo’s Fraud Stoppers slick marketing campaigns and lose their homes as many already have; but Mortgage Fraud Examiners will continue to expose these scammers, and others like them.