Douglas Boggs ties foreclosure fight to mortgage system flaws

By AI, Created 10:24 AM UTC, May 20, 2026, /AGP/ – Douglas J. Boggs, CEO of KDB Int’l Holdings, was featured on Close Up Radio after releasing an updated edition of his book on foreclosure fraud and securitization. The Vallejo, California-based investor says his research links a California foreclosure-law change to broader mortgage abuses, and he is adding a new chapter that connects the issue to digital assets and blockchain finance.

Why it matters: - Boggs argues that a little-known change to California foreclosure law has weakened trustee independence and helped enable mortgage abuse for decades. - The issue matters beyond one homeowner dispute because Boggs says the same structure could affect trillions of dollars in property and millions of deeds of trust. - The updated book also extends the debate into crypto, tokenization and blockchain-based finance, where Boggs sees similar consumer-risk patterns.

What happened: - Douglas J. Boggs, CFA, CEO of KDB Int’l Holdings, was featured on Close Up Radio in an interview with Jim Masters on April 24 at 4 p.m. Eastern. - Boggs is re-releasing an updated edition of his book, “Quantum of Justice - The Fraud of Foreclosure and the Illegal Securitization of Notes by Wall Street.” - The current edition is available wherever books are sold. - The updated version is expected by the end of spring 2026. - Boggs also publishes a Substack blog, “Smoke and Mirrors…XRP and the Art of Critical Thinking.” - More information is available in Boggs’ Substack.

The details: - Boggs says his research began after his own disputes with Wells Fargo Bank and losses tied to the 2008 financial crash. - He says he spent thousands of hours reviewing county records, studying real estate contract law and consulting with a college law professor. - Boggs traces the problem to an amendment to California Civil Code 2924 et. al. that was inserted into Senate Bill 1638 in 1996 and became effective Jan. 1, 1998. - The amendment allows banks to replace independent trustees on deeds of trust at will, which Boggs says eliminates trustee independence. - Boggs says that change undermines contract-law protections rooted in the Statute of Frauds. - He says he obtained bill files, origination notes and memos through a Freedom of Information Act request. - Boggs says he interviewed the senator who authored the bill and learned that lawyers tied to the Mortgage Brokers Association helped insert a last-minute change. - Boggs says the result has been widespread abuse in California and potentially in the 25 other deed-of-trust states. - Boggs says he was advised by his lender to stop mortgage payments to qualify for assistance. - He says foreclosure followed quickly, he found fraudulent paperwork, and he was forced to represent himself in court. - Boggs says his home was eventually auctioned for a fraction of its value and he was later evicted on his birthday. - The new edition of the book will have a fresh cover and a new epilogue chapter linking the foreclosure investigation to digital assets and blockchain-based systems. - The forthcoming 2027 sequel is titled “The Great Reconfiguration — The Quantum of Justice Addendum.”

Between the lines: - Boggs’ account is part personal memoir, part legal and financial theory, and part warning about how systems can preserve the same incentives even as the technology changes. - His comments suggest a broad distrust of mortgage securitization, court remedies and fintech infrastructure. - His focus on XRP and ISO-compliant crypto assets positions the book and blog within a wider debate about whether digital rails improve finance or simply modernize old risks.

What’s next: - Boggs plans to publish the updated edition of “Quantum of Justice” by the end of spring 2026. - He is also preparing the 2027 sequel, which will expand the argument into a broader addendum on financial reconfiguration. - Boggs says his continuing research and writing will keep linking legacy mortgage practices with emerging digital financial systems.

The bottom line: - Boggs is using his book, podcast appearances and Substack to argue that foreclosure abuse is not just a past housing crisis issue, but a live warning about how finance can evolve without fixing its core incentives.**