This article is intended for those readers who are studying and have a little bit of knowledge on the Uniform Commercial Code (UCC) Redemption Process. For others, it may be a little bit foreign. But as always do your homework before attempting such remedy. Be leery of the masked con artists that will take your money, and possibly your home, while claiming to help your situation.
There has been a lot of talk about the Uniform Commercial Code (UCC) Redemption Process being used to stop the foreclosure process, put a lien on judges, drive or “travel” without the proper paperwork, purchase bonds, claiming billionaire status, and more. But first, let’s have a refresher on the Uniform Commercial Code. The UCC is a legal document of public record when filed and recorded by a States UCC office. It is an Administrative Law or Administrative legal fact that categorizes the rules for all commercial transactions, between individuals, states and countries; and thus, the UCC articles are not subject to the jurisdiction of the courts or its litigation. Upon filing, the UCC becomes public record identifying the filer as a Secured Party.
In accordance with such filing and remedy many have sought another way out of debt-by preying on innocent individuals who are in the process of losing their home. It is absolutely upsetting how these con artists manage to get their hands on your money, your time, and your honesty. But for a dozen or more DeKalb County families, who were facing foreclosure, while putting their trust in the hands of crafty men and women who refer to themselves as, “Sovereign Citizens” found themselves deeper in debt and homeless.
These con artists show you how to file a bunch of documents to save your home; but beware, these con artists are only after your money and possibly-your home as well. Many individuals looking for success upon filing, are putting their faith in individuals who claim to know and understand this process, while literally charging thousands of dollars to prepare and file forms that can be obtained for free over the Internet. Unfortunately, these scam artists are preying on individuals who will give their life savings in order to keep their homes, stop the foreclosure process and eventually stop making mortgage payments all together under the UCC Redemption Process. The fact of the matter is, a lot of citizens have fallen prey to the con artists in DeKalb County, Georgia and have lost their home and have been thrown in jail over what they thought was legal.
Now, it is very important to do your own homework before ever attempting or letting someone else file your documents for you. Serious consequences can occur if your documents are not adequately filed, incomplete, or include improper word usage, and it will then be your responsibility to quickly amend those documents out of the hands of the Department of Justice (DOJ). Below are a few simple steps to protect yourself before handing over your cash, check, or credit card to a con artist nearest you:
If the individual is asking you to pay between $201 and $3,500 to complete a UCC-1 filing, run as fast as you can. This person is only after your money and probably knows little to nothing with regard to the process and will ultimately end up in jail for improper word usage on many filings. Subsequently, you may end up being questioned or in jail if you file under their post office address.
The filing of a UCC is not called a personal treasury account but a UCC Contract Trust, and any filings with improper word usage, such as, personal treasury account, personal direct account are sent to the Department of Justice. These documents and/or addresses are monitored, and will remain in limbo while the DOJ allows you to dig yourself further into the hole. A filing of this magnitude is extremely important and everything should be grammatically correct and error-free. Anyone you states otherwise clearly does not understand the magnitude and seriousness of this process.
There has also been documents referred to as Direct Treasury, or Treasury Direct Account, which are used solely for the purpose of trading in treasury bonds controlled by the Bureau of Public Debt not for UCC-1 filings and are grounds for the filings to be analyzed carefully. Ultimately, all documents with the proper wording are then forwarded to the Analysis and Control Division of the IRS, from there they are scrutinized by the Secret Service and the FBI.
Beware of information that may have a Bank of America, or any other financial institution’s, seal or stationary attached to it. As previously mentioned, these cons are good at what they do, so they think, and have conned many into thinking that all of these processed bonds are from the bank-they aren’t. They are bonds that they have processed and their names will never appear on the bond, because the bond is fraudulent, which means you will go to jail first.
The redemption process can only be used as “Accepted for Value” by the Secured Party as a commercial claim against the Debtor or Strawman, which is your name in all caps, and can be legally discharged when effectively presented to Timothy Geithner, Secretary of the Treasury. At no point and time should bonds be presented, this is an illegal remedy that have put many behind bars and others soon-to-be behind bars.
The truth of the matter is-you can’t get something for nothing. You can’t go and purchase a million dollar house on a $12 an hour salary and use the redemption process to cover the note. It is not intended to work that way. These DeKalb County scammers are making false promises; and while they may have been successful in obtaining a few large items, the Secret Service, the FBI, and the IRS are watching their every move. While these scammers are buying large homes, cars and stacking in the big bucks, the DOJ is making its checklist.
What I have gathered from this redemption process is; it can only be used as “Accepted For Value”. It can be viewed as a starting over process, similar to if you were filing bankruptcy; however, with bankruptcy those bills aren’t getting paid, and with the redemption process they are, just not out of your pocket. They both provide a means of a fresh start for what you have now, not for what you may acquire in the future, for instance, a million dollar home, office buildings, or a Lamborghini.
There are a lot of formulas for the UCC that sound great, but remember what your parents have always said, “If it sounds too good to be true, it probably is not true.” There is a lot of information over the internet regarding this process; thus far, I have only found one report from Barton Albert Buhtz, Investigative Journalist and Consumer Advocate, with credible information that includes names and phone numbers of the departments that you can actually contact for yourself.
Again, do your homework. Remember, most individuals who have or who are using the process successfully are not educating others on their newly found remedy. (Think about it, if you found millions of dollars on the road yesterday, would you broadcast to everyone the time and location where you found the money? No way!) Besides, most will not believe them and will attempt to steer them to the closest asylum. Rather these individuals use the remedy properly and professionally in moderation, never abusing the system.
The process itself is lawful when done properly. Since it is not the government’s obligation to inform the public of this remedy, it is your obligation to make sure you fully understand what is legal and what is not legal. Thus far, there are more aspects of this remedy that are illegal than are legal. Over the hundreds of thousands of UCC Financing Statements and Addendums that are sent to the Secretary of the Treasury, only a handful is prepared correctly; thus, leaving the other incorrect UCC Financing Statements and Addendums in limbo, scrutinized, and waiting to be tagged as exhibits in future trials.
In closing, after reading and studying and studying the remedy, it began to sound too good to be true; however, a few things just didn’t add up. Then, it occurred to me. Why not just contact the Treasury Department, the DOJ or the IRS-they know the process. After having to re-file documents that included improper word usage, were incomplete, with grammatical errors, and filed by one those con artists, I found lawful success with the “Accepted For Value” remedy, but remember, it is not my job to educate, just to provide some tips on spotting the cons involved in this process. And no, I didn’t spend thousands of dollars, just enough to cover the filing fees and lunch afterwards.
