This conversation was a bit choppy in the beginning because of telephone connections.

Call was originated to update R about the progress of paying property tax and the results and information learned from doing it.

B* I told him about this guy paying the property tax on the building that he was just evicted from because the owner dishonored his drafts.  He went to court on an Unlawful Detainer and accepted all of that and now went and paid the property tax on the building at the county Tax Assessor.  Then we can tell him about your building… our building.

K* Okay…okay

B* What he did was he paid the rent with a draft and I’m not sure if it had an account number or not.  Anyway they dishonored, he accepted the dishonor, they then served an unlawful detainer to evict him, took him to court and he accepted all of that.  He may have screwed up on a couple of things because he did have a little controversy in there but he pretty much accepted everything, served them the Art. 9 notice and then a couple of days ago the sheriffs came and locked him out.  Then after I talked to you and got the info about paying the property tax with our private accounts he went and did that.   He did call me a couple of times from the Treasurer and said they have signs posted all over there that you need to have your tax bill in order to pay for it.   I told him there is a place there that you can get a supplemental tax bill and use that so he did find that and when they asked why was he paying someone else’s taxes he responded, “I’m protecting my equity.”   He said it was a piece of cake.   Took his check and gave him a receipt.

R: He could of also told them he was paying them for the owner.

B* Now what do you think is going to happen when the title owner tries to pay the taxes and it shows them paid?  He can also go after the attorney that is coming after him on behalf of the owner.

R: Oh yes!

B* Now is he going to have to do something like the summary judgment like what you were telling me last time?

R: Yeah.  I guess the … Well see when the attorney comes.  Has he got any property or if he has an office building or someplace that’s actually going to prevent that attorney from doing business.

B* Well you know he’s got the attorney’s property also.  The attorney just stepped in for the eviction.  So if anything more goes on he will go after the attorney too.

R: See here, once you’ve got the tax paid.  You see the only other out that they’ve got, I think, is if the county tries to pay.  See when the other people come in and try to pay up their taxes, the county will probably take their check.  But then what they have to do is pay you off plus interest… for the time here that the state law requires.  For the time you’ve held the tax receipt, they have to pay you the state interest which is probably 18% in California.

B* I’m not sure.  I checked this on the internet and it didn’t have California on the site I was on regarding this tax information.  When I called the Treasurer she tried to deny that California offers Certificates.

K* So R are you trying to say they have to deliver you remedy of 18% of the interest for whatever time you hold the receipt?

R: Yeah but see, here is the thing.  They might just cut you a check, but you see they still can’t prove that they’ve paid you if you don’t cash it.

K* Well they’re just paying with debt anyway so it’s still inferior right?

R: Yeah but they can’t lock in for the exemption and that’s what they’re after.  See what happens when these bills or whatever it is, these drafts, they’re payable at the US Treasury.  When these people present payment to the US Treasury, what they get back from the Treasury is the exemption.   That’s what comes back to the corporation.  And somebody called me about that recently and they had been on the phone with a lady who was from some bank and it was something like a $50,000 draft and the lady, just like all the other collectors talking but then when she mentioned it had been placed with the Treasury and when he said, “Well what you get back from the Treasury is the Exemption.”  And when he said that she just clamed up right now.

B* Okay when they just go to the bank, is that the same?

R: Sure!

B* So now both of them, basically whether it’s debt instruments, it really makes no different?

R: No

K* Cause they can’t do anything in stock unless they’re a living thing?

R: See the corporation needs the exemption otherwise they’ve got a tax liability.  See they have to pay up.  They can’t use that to expand their books.  See I’m pretty sure when you get into the scriptures, probably in the book of Daniel.  I don’t remember exactly but that gives a pretty vivid description about the butler and the baker.  The butler is the doorkeeper and the baker is the one that expands all the debts.  There might be some clues there.

B* Okay K* tell him about taking equity in the apartment house.

K* We drew up a bill of sale and got it notarized yesterday and ….  Is it necessary that I deliver those notices telling those people to make rent payable to me or is that… well am I going to mess myself up that I didn’t do that?

R: Well I think that it will … because you’ve sold the building.

B* I bought the equity of the building.

R: Okay give them notices that the building has been sold and that the rent payments should go elsewhere.

B* See here is what we did…  We made out the Bill of Sale and put the property description but we didn’t put the amount in what I paid for it.  But I did give K* a check from my private account for the amount that he requested for his remedy.

K* Right and I deposited it in the bank and then the bank came back and said I was $898,000 overdrawn and the check was only for $24,000.  I called and asked what was that all about and they said they were closing the account and I just told them “Fine”.   And that’s where we are.

B* What’s so mysterious is why the big number they are telling him?

K* I asked her that and she said it is some sort of code or something like that.

R: It might be what the property is worth….

B* Oh no.  The property has got a 7 million dollar loan on it since 1996.  That property is worth about 15 million.  It is 208 units.  There is nothing on that check that would give any indication or reference to that property.

R: They probably have some other debts right in the bank against that account that you don’t know about.

K* I thought that number might of come from the amount of everything that was deposited in the bank that day that I put the check in.

R: Probably

K* Then it froze that day.  That’s why it was $912 on one and $888 on the other one because they deducted off the 912 the rest of the 888 they collected.  You know what I mean?  I don’t know a lot about it…..

R: What you need to do now is write to them and ask them for a statement on the postings of the closings and a statement of the disposition of the account after closing.  Also ask them for your copy of the 1099 that covers it.  You really don’t care which 1099 it is just one of them.  And when you ask for that just ask for the internal revenue form 1099.  My copy.

B* What we did on the Bill of Sale, we wrote This Bill of Sale is receipt and release and delivery in exchange for value received.

R: YES!

B* Okay that means that I should be doing the notices or K* should be doing that?

R: Well…

B* Cause I’m the new owner right?

R: Well he releases it to you…  You do the notices when it occurs.  And you see …Uhm… I don’t know.  We’ll have to think about… See I know they use to when ever you talked about recordable deeds that it was like a Quit Claim and like a dollar and other good and valuable considerations or ten dollars or whatever it was.

B*   That is always in the note.  The deed doesn’t have the monetary value in it.  The terms are usually spelled out in the note.  There is usually a note and a deed of trust or trust deed.

K* So is the deed like a commercial instrument and a…

B* The deed is the title and the note is the terms.

R: Oh okay!  The promise to pay.  But it doesn’t have to be dollars.  It can be other good and valuable considerations.

B* That’s right you can trade a boat for a house or other tangible for tangible.  Now here is the way we stated this… I, K* J*, seller of equity in property located at (street address).  This property is described as (put legal description).  To B*B* for good and valuable considerations.

R: What you should do for that good and valuable consideration…. In Exchange.

B* Okay well we do have that spelled out in there for receipt and release and delivery in Exchange for value received.  So we do have it in there.  Now R* was saying when you go down to the notary, there is usually a jurat that the notary puts on there.  It’s got the word executed in there so we did have that in there because he had it notarized.  That’s going to show him K* as the executor.  We were going to put the word evidenced.  Here is the way it reads:
On (the date) before me (notary’s name) personally appeared (person’s name) personally known to me or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature on the instrument the person(s) or the entity upon behalf of which the person(s) acted, executed the instrument.

R: Well you know what I think I would do?…

B* What?

R: You tuck that thing away but I think I would just go get a witness.

B* We thought about that but then you can’t record it with the County Recorder unless it is notarized.  Last time when I talked to you I thought you said we wanted to whether we can sell it to others outside ourselves.

R: You don’t have to have anything recorded to sell it to others.  You can advertise anything for sale… See a deed doesn’t really mean anything.  The word deed means… The dastardly deed did occur.  And that probably means execution.  Chuckling…  and they did the deed and they’ve got blood on their hands…  So you see it doesn’t have anything legal even to where we should have to have the statement from a notary that states that.

B* Okay, cause we went through a thesaurus and was checking out different words to replace in there.  One word would be completed.

R: I know from what we use to do out here.  Simple writing where you convey your interests to somebody else is a sufficient Bill of Sale.

B* Right I could see that working if it was amongst people in a small group.

R: No! No!  If they ever get in a knock down drag out in court that will prevail.   Oh yeah, these lawyers think they can call anything into question and if they do, bango they surrender their property into equity.

B* What I was thinking that if you have another witness.  Like right now he’s got the notary as a witness.  But a…

R: We don’t need those.  The witness just needs to sign on the paper and anyone can be called off the street and ask could you please tell the court what that thing says on that paper.   There is where they identify the witnesses.

K* Okay!  You just call somebody to read what the document says.

R: Sure.  These guys are all full of hot air with all these kind public proving up in evidence.

B* See I thought if by recording it that would make all the other things recorded would fall away.

R: Well see the recording can be done through the UCC as private property.  Oh yeah!  And they do cross references in secret in the back rooms.

K* To keep on top of things I should really go after the law firm that sent me the refusal…

R: Oh yes!  Oh Yes!

K* I need to send them the article 9 and start leaning on them a little bit because I can’t just leave one cold and the other one hot.

R: Okay now the thing is when you go post an ad again.  Do it in a major paper.  Here is what you do.  Keep your ad simple.  Now I’m going to tell you why after I get done.  So the ad is just to state “Property For Sale”.  You can say, Lake Property or residential or commercial however you want to say it.  For Sale By Owner and then you just put the property description, the parcel number, and the assessed value.  The assessed value is usually 85% or 90% or more.  Now you see the tax is not the assessed value.  The tax is a mill levy on the assessment.  So you see when you went in and paid those taxes that’s when you actually obtained title to the property but it’s conditional upon or until it goes to foreclosure.

B* Oh!  Cause the property taxes are something like $50,000- 60,000.

K* So it’s going to go into foreclosure because they are going to be unable to pay the tax any more because it is already done?

R They can’t get you to give it to them.  They have to get you to give it to them.  They might try to give you a check… at some time or other.  But you see you can still defeat them by not cashing the check.  Because it still has to be locked in on the Electronic Funds Transfer (EFT).  They have to lock up the last link - they can’t do it.  ( all chuckling)  Sooo what you do is you also write to the attorney and ask him for an inventory of everything he has in his name…. And the name of his family and the name of his business associates and his assigns.

K* Okay!   Bring it out on the table cause it’s all vulnerable now.

R: Yes because I am taking the equity!  Bring it out on the table cause I am taking the equity!  If you fail to settle with me, you do not have an equitable claim and I will sell this pursuit to Article 9 section 612, 613, 614.

B* So he should basically keep doing this on his own instead of selling it to me?

R: Sure!  Because here, I’m going to tell you.  You can cash this stuff.  Now lets just keep going.  Okay so he lists this “For Sale By Owner” property description, parcel number, assessed value of property.  Owner will provide a Bill of Sale and consider Contract for Deed.  Okay?  Okay now I know there are people that go through the classifieds every day as a business.  This is the kind of stuff they are looking for.  What you want to do is you get an assessed value.  We’ve got one out here for about 1.3 Million.  Well I suggested to him, when you list your ad you just write to P.O. Box XXX for details.  That’s when you tell them that you would like 10% down or cash or will consider down payment of … then express your amount or let them know how much the property is.  On this one here that’s got an assessed value of a Million Three and that’s somewhere around a 90% market value

K* Okay

R: We’re going to market it down to $900,000 on the first go around and then I just told them see if it was 10% down that would be $90,000.  But I told them to get ready to back down to $5,000 down and the rest on a contract for deed.  The contract for deed will then state the amount that they will pay to be. .. ah.... Well you’re going to write the terms of the contract right on the Bill of Sale.  The Bill of Sale is going to state that after 7 or 10 years or whatever you decide the last payment being acknowledged by the seller this Certificate will constitute delivery of the deed.

K* It’s just the contract that we make?

R: Sure well that at that time constitutes delivery.  The reason you want to say that is because you’re taking them through bankruptcy and this is in equity.

B* So when you’re talking about the Certificate are you talking about the tax certificate or one that is self generated?

R: They are all the same.  There is a tax certificate or… it’s not the tax certificate itself but it closes it.

B* He needs to go up and pay the property tax???

R: Yes!  That’s what he needs to get.  And you see you use your check.  You don’t care….

K* Right… right…right!  You’re right!

R: Okay and once you’ve got that…

K* Okay then that’s the next step?  That’s what I have to do next.  Just worry about that.

R: So this guy you say he paid the tax and did get a tax receipt?

B* Yes he did get a receipt.

R: See I was thinking about this quite a little.  Because each year they issue another tax bill.  So you own one and then the next year there is going to be another one.

B* Right here they issue a bill once a year but you can pay it in two installments….

R: Well I know that but did he pay both or did he just pay the first installment?

B* He got the supplemental tax bill and I think he paid whatever was owed.  He paid the whole amount.

R: Okay but usually they bill you but they give you a choice to pay just half.  See when only half is paid then somebody is picking up the other half.  But what I’m getting at….is the whole bill.  I’m hoping he paid up for the whole year so you don’t get involved with …. Well see you get involved at common law if you take half of it.

K* What about you were saying something about the next year?  About the next year you have to go back again?  Go back and go Back?

R: Yeah, but somebody else could come in.  I was just thinking … when you first think about it you think well I’ll have to pick up all the taxes as they come along.  But you see once that one you hold could be three years old at least that’s what it is out here…

B* In California it is 5 years…You have to open and notoriously pay the taxes before you can claim that it becomes your property.

R: Oh yeah, but that’s in equity.  Okay but see you’re holding the equity now.  See if you would of paid that with a debt instrument that’s the way it would work.  Beings you’ve used the closed check and that’s the way he obtained the receipt, all he’s got to do is sit.  Because now all those that are dumb enough to go in and pay, they can’t get the exemption.  When they find out they cannot get the tax exemption it’s going to knock them on their ass.  If they try to take it, the internal revenue is going to get all over them.

B* Perfect!!

R: Oh yeah!  Because the treasury is going to have the charge locked in and they can’t close the circuit.

K* They’re just going to eat themselves up huh?….

R: See and this is what happens and you’re going in there and you’re taking one link out of their chain and closing your own circuit.  Now without you they can’t close.  They can’t close for any exemption on their own because you own the exemption and not only that you’ve got it in possession!

B* So you’re basically pulling the life out of their debt?

R: Yep.  There is where we’re going to get them.

K* The checking/savings notice I just got said it is going to be held until 2-14… I don’t care I know they are going to close the account.  It’s an extended hold date… oh, that’s what it is.

R: Well yeah but see when they’re talking about extended hold date they’re the ones that are holding.  They’re Holders in Due Course.  They have to hold for the owner.

B* Okay, now he’s already deposited my check.  I gave K* the check… who should pay the taxes?

K* I can just go pay the tax anyway can’t I?

R: You don’t care what the bank does.  That’s just going to help you.  Can’t hurt you any!

K* Great - great!

R: You’re going to muddle that title up that they had better come clean or they aren’t going to get it clear.

B* This is really exciting.  This building is 208 units and in ’96 they borrowed 7 million so the building is probably worth somewhere in the estimate of 20 mil.

R: Well if you let all the renters in there know …now you need to let them all know.  And when you do you let them know where to make the payments because the building has been sold and the new owners address is…… and if they wish to keep their contract in effect is to send their payments to this address and also inquire as to the future arrangements.   What you want to do and I think what I would do is get them a letter out and reduce their rent.

K* Right - right - right!  That’s the next step.  I was going to do that before and I just got….

R: And you can also tell them that the title has been in dispute for some time but the owner has now sold the building because of the mis-management of the managers.  Okay?  And it’s now going under new management…. You could give a management name for some entity to look after the rents and take them.

B* Right K*!  All you need to do is go get some new rental agreements and have that gal in there that works with you pass them out.

K* Yeah, but one of the very last notices that I got it was signed by her so I think she was just covering her own tail.   So I don’t know.

R: It was signed for her for what?

K* Oh it had to do with the carpet, the clean up charges etc.  I sent them a check anyway and it disappeared but she signed the things so I don’t know about her now.

R: Here’s the thing!  You don’t have to worry about her in that respect.

K* I’m just wondering if I should employ her… I don’t want to rattle anything over there.

R: Well what you can do is you can drop them a line and ask them if they would be interested in managing the building for the new owner.

K* Oh (chuckling)   I’ve already told her that.  I told her that when I was still there.  But I guess I could ask her again.

R: Yeah, but you don’t tell them that.  You get this in writing.  You don’t get loose in the mouth.  Because that don’t work in this business.  And you see what you can do you can write to them and you can also make out the response letter that you want back.  If they want to participate under the new management and under the new owner if they will just sign this and send it back then you will consider that a binding agreement.

K* Okay!

R: Now that’s how you can do it if you need to.  Otherwise you can just go to someone else who might just be in the management business.

K* And just ask them if they want to manage this property for me?…

R: Yes!  And you can tell them that you are just now getting to the final stages of a dispute over the ownership and you may have to evict some of the people in there. … for non payment because of the prior management and the fraud that was going on.   You can smear their names all over the place when you get at that position.  You’re in the equitable position and if you’ve got the tax receipt in your hands.

B* Having that tax bill then is going to be a pretty strong hold?

R: Oh yes.  See let me tell you.  When I started to get in the study of these tax liens/ certificates, I began to realize that I had to figure out --- well what do the corporations want? And what they want is that they are making it difficult for us to discover.  That’s what they want and they want that Holy Ground!  Which is the tax exempt status.  That means from the time you pay the tax until it becomes delinquent and goes for tax sale.  But you see it’s got to be from the beginning.  And say it’s just for one year and you pay it up for one year, I don’t think they are going to issue out a tax certificate out for the next year.  If they do they’re only taking a transfer and they are not getting payment so they are just paying your taxes for you.  You don’t care, just let them keep paying them.  By the time, well you see this tax that you’re holding, that receipt becomes due and payable in foreclosure because you’ve got first lien on the property.

B* Okay if you pay it one year from you’re private account (the closing) they don’t give you a certificate they just give you a receipt.  But then next year if they send out another one….?

R: Well a receipt is a certificate is it not?  And they can pick it up if they want and the county will probably just take it.  But all that is, is a transfer!  They still can’t move you off the property and whoever, like if the bank gave them the money, they can’t get an exemption.  They are going to have to pay it out to the Internal Revenue too.  They are going to have to pay twice!
And when they pay twice they are still not going to get a hook on the property because they get a big zero and they still don’t have any equity so they can’t take delivery of the property.

K* That’s wonderful!

B* Oh that’s got a grip!  This is exciting!  That should stop them dead in their tracks.

R: Well I hope so.  From what I see right now they don’t really have anything going.  They might try and make things more difficult but if they do well we’re just going to need to roll up our sleeves and make sure anybody who steps in the way we just move on their property.

B* Out here the judges are so corrupt!  They expunge anything on the title of the property that doesn’t suit the banks.

R: Yeah but see, take the expungement.  The ex-pungement is the judges’ confession.  He surrendered his property when he signs and ex-pungement.

B* Oh (chuckling) good!

K* Well no way out!

R: That’s an order… a money order.  And when we accept it, it belongs to us.  We own the equity!  And when we return it to them in exchange for the property in their name.

B* Oh and on another topic… this guy bought some stocks using his private account and he got a letter back, and I’m not sure exactly, but it sounds like they are trying to set up an account for him but want more information from him and it maybe about his private account.

R: Well they can’t draw on that account so he doesn’t need to give them information about it.  There isn’t going to be anybody drawing on an account… it’s closed!  It’s closed in EXCHANGE.  So all they did was confess they got the check and he can just thank them for their remarks.  The rest of it is just negative remarks… See everybody still thinks they’ve got to get paid… no they don’t.  They just have to acknowledge that they didn’t get paid.  Keep their feet in the fire.  See when Moses went before the burning bush?
What did God tell him?   …  or what did the Lord tell him?…  “Take your shoes off for you stand on Holy Ground”.  Well that is these tax certificates.  That’s the Holy Ground because he was standing before the burning bush, well that meant that that was the burnt offering…. That’s inflation.  It goes up in smoke.

K* You know I was kind of trippin’ out on is on the bible on how that pages are so fine, so thin, really fine, fine paper… you can see through it just like the money like what you were saying about the transparent gold…

R: Pure gold as opposed to fine gold.  That’s where all your fines come from.  Chuckles…
And you see… this is basically when you get that tax certificate, that’s the free trade zone.  But you see the free trade zone is basically what I would refer to as the wilderness area.

B* The spread between retail and wholesale…

R: Magnetic North and True North…  but that is the zone and that’s where your zoning requirements get there jurisdiction and that is carried out by the core of engineers.  So that’s where all permits come from.   Mail permits… anything!

B* Well I do know that all housing permits come from a group of guys that make up these codes for all over the country and they are right here in Whittier.

R: Right and once we get into that area we’re going to take that away from them.   They don’t want anybody to know.  So they manufactured a lot of ways of expressing when you go in and try to get your hands on it.  But you’re buying the taxes to protect your equity.

B* Oh they’re trying to do something now to get this bill passed called NESARA which is an acronym but it’s purpose is to get this country back on the gold standard.   They keep talking about the Euro dollar being backed by precious metals… but the Euro dollar isn’t is it.  Isn’t it backed by American Bonds?

R: Well sure!  All these countries in the world have taken foreign aide from this country.

B* So they are all treasury bonds?

R: Yep!  You betcha!

K* We’re one great big piggy bank huh?

R: Yeah but you see the Treasury security carries the exemption to them.  Now if they don’t actually have it in fact, they assume they have it.  When they come to a show down with us and we’re holding this certificate that will cause the collapse.  How many times have you brought up a menu and it says “collapse”?  Rather than “open” or …  Exit….
What he was talking about was when you hit the little bar up on the right hand corner.

R: That’s really the same thing to them.  So some of the methods you can figure it out.

B* Oh guess what?… I found that article that you were referring to about the WTC so I added it to what you wrote me and circulated it on the internet…  What I’m realizing is more people are aware of this redemption concept then we realize… some of them think that way but haven’t really tuned in to their awareness.

R: Oh yeah.  These guys state all this stuff but they don’t like to follow this through like “Who is America…”   I’m an American and I didn’t feel threatened by any of these people.  Why?  Because I happen to know that they were after the instigators that created the problem.  We may have to get more explicit about describing some of the events than we have which means … Well see Bin Laden was created by these brokers and bankers from this country… when the Russians were over there they gave them the money to build up all that stuff.   They actually bankrolled him.  So now when they want an escape route they use his name to take it away from who was really responsible for all of those atrocities.   That’s who [they] really are is the bankers and brokers.  And all of their henchmen were housed in those twin towers.   Now a lot of people are hollering and screaming about all the innocent people that had to go down, but you see most of those people that were in there were taking money from these illicit things and they were actually partying and living on the tombs of those who paid it to start with.  All the mass fortunes of everybody that these brokers screwed out of their property.

K*  Wow, that makes a lot of sense.

R: So you see they can wring their hands all they want but that should demonstrate what happens.  You can say ignorance is bliss but a lot of that is nonfeasance and malfeasance.

B* Oh I know they come on and talk about the innocent children.

R: Yeah but those children have been consuming ill-gotten goods.  So their diet caught up …

K* How about when he talks about the bread and break.  Like we’re broke… my body is broke…

B* I think I sent you a letter… did you get a letter from me with a paper about the Court of Conscience.  I get so overwhelmed sometimes I don’t know who or what went where.    There was also about 8 pages about the History of the Knights Templars.  Where they were protecting the information (contract) about Jesus and Mary.  Also about protecting the money…  I sent it off to you because I figured you don’t have enough to do…. Chuckles

R: That’s a vacation to me when I can read.

B* Right (Chuckling),  When all of us people aren’t calling you!   Anyway I share a lot of your wonderful wisdom and when I type up the transcripts and the people absolutely love it.  We are so grateful for you.

K* Hey anything new going on with the sheriff?

R: That’s not good.  He was so in the system and took so much from it and hasn’t completely used what I’ve talked to him about… but he’s coming up for re-election and he will probably step down then.   Then of course whenever I go around town or out to eat with my other half and people want to talk about it and she doesn’t want to have anything to do with it.  Chuckling… And I kind of look forward to it!… some laughter.  He was in law enforcement when they grabbed me but he kept his distance.   I’ve never had any real ….

B* So you’ve never had any real conversation about if he could have prevented what happened to you from happening?…  he’s not in your county though is he?

R: Not where I live it’s in where my other half lives when I go in and visit her.  But anyway you see when I got to studying these tax lien certificates I got a couple of VCR’s and about 4 work books.

B* Isn’t it frightening how in this country how people have worked so hard to get their homes, acquire other assets and how the government can just come and take it with no accountability.  The IRS is like a mafia.  It’s a helpless feeling… You know how the police can take your car so easily…

R: Yep and that’s why we now move on them on the equity!

K* Just TAKE!

R: Oh yeah!  I’ll tell you, once we take hold of them they had better look out.

B* Right!  I’m looking forward to that and I think there are a lot of people that have got nothing left to loose and are willing to take the risk.

R: Well take a look at how many of them went with Enron.

B* Exactly!  Do you realize how many people were on the take with that company… newspaper reporters and all those politicians that they aired on the talking heads Sunday.  Why would they be contributing to news reporters and for what?….

R: The tax exemption.

B* Oh right!  That whole story is what substantiates your theory on the WTC.

R: Well see what they did… those guys put the money over on the other side and it went to zero.  Now you see a lot of them and others think that these guys absconded with the money and they probably did… some of it.   I’ll assure you that the biggest share of it went to zero.

B* The biggest share of Enron went to zero?… by giving it to the news reporters and politicians…

R: Not that part!  I’m talking about … that money was just expenses as they went along.  It wasn’t into the billions.  But the billions was when they sold the stock and started taking this stuff and it went into these off-shore entities and one thing or another.  But you see somewhere along the line they invested it somewhere and it hit an account and it took it to zero.

K* Like a little Levin levins the whole lump?

R: Yeah!  Like a little of our stuff might be in there…

B* Well they were talking about the off shore bank being over in Liechtenstein or something like that.

R: See I read another article today where J P Morgan had an off shore unit and took a considerable amount that was used for laundering some of those funds.  To the tune of more than a billion maybe more like three or four.  It may be huge.  See when it goes to zero they say well this guy or that guy took the money and we’re going to go look for it but it went to zero.  They are not going to find it in Switzerland or wherever.  Chuckles.

B* Now we’ve got one guy from Enron committing suicide….   I wonder if he had a little help.

R: Who knows they try to send some of those to the undertaker.

K* Strange how all this stuff is so interwoven and now looking at it from different angles and figuring it out.

R: See I was explaining to my lady friend the difference of when she buys tax certificates or when I use my check.  She would just be doing another transfer where my check would be doing an exchange.  I would be doing that in the absence of money.  I’m taking the property.  I’m taking the deed or the certificate.  Anyway she’s looking at when and how we can look into a tax sale.  One day we go in and she runs into an ole school mate.  We start asking questions and we get answers that are “No” answers.  She is starting to recognize that’s the way they are.

B* I wish I would of known this information when they took my house.  Actually I could go pay the tax on it now, can’t I, but then I don’t want to do that to some poor victim.

R: Ohhh!  Let them go find another place.

B* I’ll just wait until K* paves the way on his apt house and then I’ll take over the one where I live.  Those rats have given me a bad time several times…. Chuckles

R: Here is the reason we need to be a little more aggressive …  See if you and another person were there paying the tax on the same property, that assessor would have to take both of them.  That other person is paying those taxes with funds or debt from wages from a corporation or whatever.

B* Right, when that guy went to pay the taxes on the building he was evicted from and he asked what if they want to know why I’m paying someone else’s property tax.  I told him to say he is protecting his equity in the property.

R: Yeah.  He could of said, “I’m paying it for the owner.”  See it’s not up to them to determine who the owner is.  The thing is they are going to assume he’s paying it for the other guy.  (chuckles)  He is in truth paying it for the owner!

K* Yea for himself!

R: Then if they get more picky than that and you feel you have to answer more.  But they can’t really quiz you like that.

B* Well apparently they have signs posted up there that you have to have the tax bill with the check.  Now we found out that through a realtor you can put someone’s name in there and it will tell you the properties they own.

R: Good!  Because we need to be able to do this over the computers so we don’t have to run all over the country after this stuff.

B* It’s a service that the real estate people have.  They pay for this through the realty boards and title companies.

R: Okay we’ll have to get on the good side of someone.  I’ve run into a lot of properties that I could of done some things to take the properties if I would of wanted to.

K* I’m just wanting to see what the tenants do if they are going to pay me after I give them notice.

R: So now you know how to make up your proposal to the people who are the building managers and I would just get yourself some good stationery…. Make up an official letter that the building is under new ownership and seeking new manager.  You need to get a list of everybody that is in the building so that when you send off a letter you send it off in one day to everybody.  Because what it is going to do is it’s going to tell them to make there payments over here rather than where they’ve been making them.   That’s the first clue to the old management company is going to have when they don’t get the checks from the tenants.

B* That’s like a hostile take over… chuckling

R: Well maybe you could call it a finders keepers.

K* Maybe we’re just trying to balance the account.

R: Right, that’s what you do.  You simply tell them the way it is.  The building now is under new ownership and looking for new managers and beings the prior owner was less than cooperative and the previous owner very difficult to work with we are offering a new contract and reducing the rent 25% and I’ll tell you.  Those people getting a 25% reduction in the rent…

K* Oh yeah, they are going to be on my side!….

R: And if they do, here is the new contract and here is where you send the money.  Then the people that are in the management that the previous being less than honorable… laughter…  it has been very difficult for the new management and place the building under management that is reliable but if these people want to work for the new owner send them an agreement for them to sign and inform them that the rents have been reduced from the agreement from the previous owner dealing in usurious debt that created difficulties because of it….  More chuckles…

B* They are going to need to change their pants when they get this….

K* Oh we’re going to start having more fun … It’s been fun all along but now it’s more fun.

B* We’ve got to let R go.  It’s been fun…

End