Anyone who is facing forclosure should be aware of a legal
strategy used in Jerome Daly v.First National Bank of
Montgomery, Minn. In this case, Jerome Daly researched the true
nature of the Federal Reserve System and concluded that he was a
victim of fraud. In deciding not to make further payments on his
mortgage of course the bank tried to forclose. He then tacked a
notice of LIS PENDENS to his front door to notify any
prospective buyers that there was a suit pending against the
bank for fraud on the grounds that the mortgage was a fraudulent
contract due to the fact that no money was ever loaned by the
bank. Federal Reserve Notes are Fiat Currency as noted by
Justice Martin V Mahoney,Credit River Township 7-9. 1968. The
Jury sided with Jerome Daly and he kept possesion of the
property.
