Bombshell Report Reveals Government Conspiracy To Defraud Homeowners

Summary

In this conversation, Mitch, a 35-year builder developer, reveals a shocking fraud in Texas's property tax system, where local governments are artificially inflating property values to meet budgetary needs. He discusses the legal battles against Denton Central Appraisal District and the systemic issues leading to a potential economic crisis. The discussion highlights the broader implications for homeowners, investors, and the US economy, urging for accountability and reform.

Takeaways

• 😲 The conversation reveals a potential large-scale fraud where local governments in Texas are accused of inflating property values to increase property tax revenue.
• 🏢 The issue was discovered by a developer who noticed his property was being overvalued, leading to a cascade of investigations into appraisal districts.
• 📊 The developer used statistical analysis to demonstrate that the appraisal district's data was fraudulent, with some properties overvalued by as much as 92%.
• 🏛️ The problem is systemic, with evidence suggesting that appraisal districts are under pressure to meet predetermined tax budgets, leading to manipulation of property values.
• 📉 The inflated property values can lead to financial distress for homeowners, especially if they cannot afford the higher taxes on their homes, which are now overvalued on paper.
• 💼 There's a concern that the practice is not isolated to Texas but could be happening nationwide, affecting homeowners and potentially impacting the broader economy.
• 🏦 The inflated property values also impact municipal bonds, as the tax revenue from these properties is often the collateral for these bonds, creating a potential risk for investors.
• 🏗️ The issue could lead to a crisis in the real estate market if homeowners are forced to sell their homes due to unaffordable tax burdens, which could depress property values.
• 🤝 The discussion highlights the need for collaboration between individuals, such as the developer and legal experts, to challenge the fraudulent practices and seek legal recourse.
• 🔍 The conversation suggests that there may be political and economic incentives for local governments to maintain the status quo, despite the negative impact on citizens.

Q & A

What is the main issue discussed in the conversation?

The main issue discussed is the alleged fraudulent over-valuation of properties by local governments in Texas for the purpose of increasing property tax revenue, which is claimed to be systemic and affecting homeowners across the state.

Who are the key individuals involved in the discussion?

The key individuals involved in the discussion are Mitch, a 35-year builder developer who has been investigating the property tax fraud; Robert Barnes, an attorney; and George, who is moderating the conversation and providing insights from an economic perspective.

What is Mitch's background and why is he involved in this issue?

Mitch is a 35-year builder developer with a background in statistical probability and quantitative finance. He got involved in this issue after realizing that Denton Central Appraisal District was committing fraud on the public by manipulating property values.

What evidence does Mitch present to support his claims of fraud?

Mitch presents evidence including audio tapes, video recordings, and statistical analysis showing that property values were manipulated outside of the database in Excel, and that the appraisal district admitted to these practices in public meetings.

What are the implications of the alleged fraud on homeowners?

The implications include homeowners being charged higher property taxes than they should be, potentially leading to financial strain and the inability to afford their homes, which could result in property tax auctions and homeowners losing their properties.

How does the conversation suggest that the appraisal process is being manipulated?

The conversation suggests that the appraisal process is being manipulated by using non-compliant comparisons for property values, ignoring standard appraisal practices, and adjusting property values to meet predetermined budget targets set by taxing entities.

What role do the appraisal review boards (ARB) play in this issue?

The ARBs are supposed to provide an independent review of property appraisals, but the discussion suggests that they may not be independent and are part of the same fraudulent system, potentially being influenced by the Central Appraisal Districts (CADs).

What is the potential legal recourse available to homeowners according to the discussion?

The potential legal recourse includes filing lawsuits against the appraisal districts, the registered property appraisers (RPAs), and potentially the appraisal review board members for fraud, perjury, and violation of oath of office.

How does the conversation address the issue of political and institutional pushback?

The conversation acknowledges that there will be significant political and institutional pushback due to the widespread nature of the alleged fraud and the financial interests involved, including potential impacts on bondholders and pension funds.

What steps are being taken to raise awareness and provide resources to homeowners?

Mitch and others are working on creating templates for legal challenges and providing educational resources to homeowners, with the aim of making the process of challenging appraisals more accessible and highlighting the extent of the alleged fraud.

What is the website mentioned in the conversation for more information?

The website mentioned for more information and resources related to the property tax fraud issue is 'Mockingbirdproperties.com, dccad'.