Economy boosts sovereign-citizen movement

That is what the FBI believes sovereign citizens like Jacob-Franz Dyck are committing when they file lengthy lawsuits loaded with non sequiturs and so-called wild deeds backed by supposedly all-powerful land patents on behalf of people facing foreclosure.

But the proclivity of members of this anti-government organization to burden the courts with paperwork is not the only thing law enforcement officials are worried about.

"These people just don't respect the badge," said Stephen Emmett, a spokesman for the FBI in Atlanta. "There is a potential for violence in them that stems from their extreme philosophy."

Terry Nichols, who assisted Oklahoma City bomber Timothy McVeigh, was a sovereign citizen. So was Joe Stack, who flew his small plane into the Internal Revenue Service building in Austin, Texas, during February 2010.

Jared Loughner, who allegedly shot Congresswoman Gabrielle Giffords and 18 others earlier this year in a Tuscon, Ariz., shopping plaza, also is said to be a member.

So are Jerry Kane and his 16-year-old son, Joe, who gunned down two Arkansas policemen after being stopped and questioned about their license plate in West Memphis during May 2010. In that case, police videos show the police trying to decipher the drivers license they were handed when Kane's son pulled out an AK-47 and riddled them with bullets.

Born of an anti-tax current in the 1970s, the sovereign-citizen movement now claims as many as 300,000 members across the U.S. and Canada, the Southern Poverty Law Center reports.

Their core beliefs are that the U.S. government sold its people into servitude by becoming a corporation in 1868 and abandoning the gold standard in 1933. Since then, the U.S. government has mortgaged the future of Americans by falling deeply into debt to foreigners.

But it is possible to reclaim one's freedom by acknowledging that each individual became a sovereign after overthrowing the tyranny of King George III in 1776, the movement's participants maintain.

After that momentous event, the story goes, the American people established no higher power than the sovereign citizen himself and no higher authority than the One Supreme Court, which was established to rule on matters of dispute.

Both state courts and federal courts are considered inferior, and sovereign citizens have filed suits charging state and federal judges with fraud and treason for failing to adhere to the dictates of their higher court.

Orlando Short Sales: What is a BPO?

Gives their opinion of the value of a property.

That value is what the lenders use to process the short sale. Most short sale approvals or denials are based off of that opinion of value.

The agent goes thru all the recent sales of properties similar to the property they are valuating. They want to find the 3 closest comparable sales.

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The more recent a sale is then the closer of a comparable it is considered to be. The same goes for properties that are close geographically (in the same neighborhood is preferred) and close in size and number of bedrooms or baths.

Most agents are not appraisers. Because an appraiser’s license is required to appraiser properties they give their opinion of the value. Now, I’m sure you are wondering, ” Why do the lenders use these rather than an appraisal?”

Here is why. Many people think they are more accurate of a valuation than an appraisal. Agents are more in tune with exactly what a property can sell for.

After all, whatever opinion of value they put for a property is usually supposed to be backed up later by a sale for that price. That causes agents to be more accurate with their valuations.

That accuracy is why the lenders use their valuations rather than an appraisal.

What is an Orlando Short Sale? A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.

Orlando Short Sale Realtor. Orlando, FL Short Sales. Orlando Realtor.

Copyright © 2011 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Gitta Urbainczyk P.A.’s personal views and do not reflect the views of Keller Williams Heritage Realty. This information is provided as a courtesy to our viewers to help them make informed decisions.

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