LEARN WHAT THE FORECLOSURE FRAUD SCHEMES ARE

REALLY ALL ABOUT!

Larry Cherry, one of the fathers of foreclosure

prevention for the pasttGfi VG2rS will provide insight into

why and how the fraud is taking place.

Topics covered:
What is behind the news reports on illegal foreclosures

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Start the steps to investigating whether there is fraud with your mortgage.
How property owners are getting
How to immediately

restitution

start eliminating

who lost properties in foreciosurJ

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

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
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perpetrating fraud onlAmerican citizens.

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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: CALL 773782-3733
COST: $5 donation to Habitat for Humanity

Sponsored by Landguard Eagle LLC www.landguardeagle.com

or

BIOGRAPHY, Larry Cherry - 773 306-3377

Larry Cherry has been in business since 1974 serving the community, at which
time at the age of 18 while attending the University of Illinois he began a fashion
business called Cherry Tree Boutique. Over the next 18 years he attired
thousands of people from all over the world with high quality apparel. He opened
his first store in 1979 at Circle Court Shopping center located at Racine and
Harrison on the near west side of Chicago. In 1984 he expanded into downtown
Chicago with a second store in the Hyatt Regency on Wacker Drive. His business
was chosen as Small Business of the year by Chicago United,a coalition of the top
corporations of Chicago. Mr. Cherry served as a volunteer counselor for the SBA)s
SCOREdivision at 30 years of age. Larry traveled throughout the United States
marketing through conventions in over 20 states. In 1989, after closing the
chapter on the fashion enterprise, Larry started a business consulting firm
specializing in business planning, computer consulting and marketing.
In 1994 he became a State of Illinois real estate broker and mortgage
broker, in which he specialized in providing housing for families in underserved
communities.

Always dissatisfied with the unfairness of uneven distribution of

capital to small businesses and inner city communities,

he studied monetary

science, finance, economics, real estate development, mortgage lending and

other relevant topics leading to ways for those with energy and enthusiasm to
overcome lack of capital. The current housing program used by CHA to assist
voucher holders to purchase homes was developed by Larry Cherry.
In 2002, Larry Cherry founded the University of Life Itself, a not for profit
organization specializing in educational training for teachers, researching natural
healing alternatives and foreclosure prevention.
Cherry has conducted training workshops for over 4000 teachers in over 70
schools.
He is a 7 year volunteer with the Principal for a Day program, and five years with
the Blackstar Program. He has served as a board member of New Directions
Housing 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 by

the Ashoka Foundation a worldwide social entrepreneur foundation.
To date, University of Life Itself has developed programs to train attorneys in
predatory lending prosecution, foreclosure prevention and fighting debt
collectors.

Thousands of home and property owners have been assisted through

counseling and advocacy. Landguard Eagle LLCwas formed to partner with

investors to retain our land, reinvest funds in needed communities and provide
assistant to competent lawyers vested in litigating unfair foreclosures.
Long before it was in the media Larry warned everyone who would listen of the
current foreclosure crisis and how to prepare for it. His message goes beyond the
current huge foreclosure crisis into what has to be done to change our current
money 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 released

in January 2011.

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UNIVERSITY OF LIFE ITSELF LEGAL QUIZ -773 306-3377.

1. Have you or a family member or friend ever had a car repossessed from a
location that was private property?

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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 or
private sale?

3. Before the repossession did the creditor enter into a workout agreement
with you and then took the car?

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4. Did you or a family member or friend ever purchase a vehicle and later
found out the car had been in a accident and you were never told by the
dealer?
S. Have you or anyone you know ever tried to modify a mortgage and was
given the runaround?
6. Has your property value fallen below the balance of your mortgage? (Are
you upside down on your mortgage?)
7. Have you refinanced a principal dwelling in the past three years?
8. Did the lender/broker

fail to give you 2 Notices of Right to Cancel for each

person in title to the property?

9. Do you have an adjustable rate mortgage?
10.ls your property in foreclosure?
11.Have you been charged a lot of excess fees by the lender/servicer of your
mortgage?
12.Were you told one interest rate only to receive a higher one at your loan
closing?
13.Has a lender's agent illegally entered your home?
14.ls your loan interest rate 9% or higher?
lS.Has the lender/servicer ever lost or misplaced any of your payments?
16. Has the lender for your mortgage filed bankruptcy?
17.Have you been harassed by collection calls from your lender/servicer?
18.Have you received a modification agreement in which the amount was
higher or the same as your current payment?

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It blows my mind how fast and big the top 5 banks have grown. Bank of America in particular
has grown so rapidly from being a regional bank to what it has be come today. The main reason
behind their growth is the major acquisitions they have made. Several of the aquisitions have
ended up hurting them more than helping.

TOOLS YOU CAN USE

1. Send Qualified Written Request (QWR)
2. Require the Production of Your Note
3. Send FDCP A dispute
4. Apply for modification
however. .
5. Become a Strategic Defaulter
6. Have a fraud audit conducted on your mortgage
7. Leam the laws of Service of Process
8. If you are over 60 or close consider a reverse
mortgage
be careful
9. Change your withholding allowances on your W4 if
you are a salaried employee
10.
Find a better property for a much cheaper price
11.
Start your credit repair
A. Dispute trade line reporting
B. Get an accommodation loan
C. Send a Good Faith Dispute and pay offwith a
Restrictive Endorsement Check

LEGAL TERMS TO KNOW

1. Jurisdiction - the

authority given by law to a court to try cases and rule on legal matters within a particular
geographic 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 before
trial through demands for production of documents, depositions of parties and potential witnesses, written
interrogatories (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 premises
and certain other documents, usually by personal delivery to the defendant or other person to whom the
documents are directed.

4. Restrictive Endorsement Check

5. 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 obtain
testimony from a witness at both depositions (testimony under oath taken outside of court) and at trial

6. Chancery - A court of equity

7. Modification
8. 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 Judgment

11. 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 obtain
testimony 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

13. Fraud - the intentional use of deceit, a trick or some dishonest

untruth about another

means to deprive another of his/her/its

money, property or a legal right.

14. Negligence
15. 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 rights

16. Defendant - ) the party sued

17. Counterclaim - a retaliatory

in a civil lawsuit or the party charged with a crime in a criminal prosecution

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 against
the 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 defenses
20. SOJ - Substitution of Judge
21. Continuance - a postponement of a date of a trial, hearing or other court appearance to a later fixed date
by order of the court

22. 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 the
record, which terminates the rights of the defaulting party to defend the case. Under a unique New York

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statute a default can be taken by failure to respond to a summons served without a complaint 2) the failure
to make a payment when due, which can lead to a notice of default and the start of foreclosure proceedings
if the debt is secured by a mortgage or deed of trust. 3) v. to fail to file an answer or other response to a
summons 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 of

the pre-trial discovery process

24. Production of Documents - the

right to examine and copy the opposing party's papers in a lawsuit

which are relevant to the case.

25. Request to Admit - A partys written factual statement served on another party who must
admit, 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 a
place away from the courtroom before trial

27. Motion to Reconsider

28. Appeal - to ask a higher

court to reverse the decision of a trial court after final judgment or other legal

ruling

29. 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 previously
dishonored

32. Securitization
33. 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,
with property.

35.

business people, title companies and others dealing

Emotional Distress - an increasingly popular basis for a claim of damages in lawsuits for injury due to the
negligence 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 retire
early and get you out of bad student loans BY STUDYING LAW.
What does the study of law involve?
RECCOMENDED READING

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25 Ways to Stop Foreclosure with a Competent Attorney by Larry

Cherry

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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