Produce The Note on Good Morning America

[ConsistentlyBe]

Ocwen is a predatory lender - it held onto an insurance dispersement check for over three months forcing me into the foreclosure loop; last year it forced flood insurance for 3000. annually (State Farm says 800. should be the max for my house...even tho an elevation survey proves not needing this, etc) in Florida

[angelicrealtor]

If you're facing foreclosure, please contact me at angelicrealtor1at yahoodotcom. I'm a 15+ year Preforeclosure/Bankruptcy/Frau­d Specialist who has a high success rate of helping property owners in distress whether you want to keep your home or know you have to give it up. I've kept distressed families here in Georgia in their respective homes from 6 months to a record high of 2-1/2 years, without them paying a mortgage, until they can get to the next level to avoid homelessness. God bless!.

[sotelophil]

When you sign your loan docs you also sign a Power of Attorney basically the bank can do anything with the loan. The thing is they've sold the note so many times without your consent that they don't even know who they sold it to. If you are requesting an original copy of the note with blue ink signatures it is impossible for them to produce it since it is probably scanned it to their Electronic system (MERS) and shredded the originals. Hope this helps. I've done this for several family members.

[freedomisfigment]

Correct me if i'm wrong but doesn't the fact that the bank sells your note on the market void your contract? What about full disclosure? Does it say in your mortgage contract that the bank will be selling your maortgage? Thats inviting in a third party. Which voids the contract. Full disclosure people!!!

[pherronii]

leave you alone? You make generalizations about me that arrive in my inbox, I will answer them in kind. Your an economist? That does come as a surprise. I am happy to leave you alone, you do the same.

[pherronii]

Thats so bogus, electronic records that prove up the note? If I held a note from a bank and lost it they would insist that they owed me nothing if I could not produce the original wet signature note. They certainly would not accept a printed copy, because it is not a legal document.

We cannot allow our leaders to change the law midstream to acomodate the banks theft of property.

[ShowdownInAmerica]

Show me the note! h ttp://action.seiu.org/page/spe­akout/wtnnpa

[airwickairwick]

Yeah, "the banks are crooks" because you're not paying your mortgage. Time to move to an apartment--where you always belonged. The second idiot refinanced and pulled out money probably had one hell of a party, now it's time to work that fat ass and make some money

[jeminiguy]

@airwickairwick

Hey, know what? My parents have worked and paid their bills on time all their lives, my mother lost her job and my father cannot do 1/2 the work he used to.. and the bank is not willing to work with them in any way!

The banks and some politicians are screwing everyone to line their own pockets!!

Single mommies on welfare are getting everything for frre that hard working people are struggling to hold onto!!! They are living better than most working americans today!!!!

[pherronii]

@jeminiguy That is how they set up the system. welfare is a trap. you get housing subsidy, food stamps, medicaid and you can keep your family fed, and a roof over head. if welfare mom gets a job, she loses her welfare benefits, now the job she has is not enough to pay rent, food, or medical. So what is the incentive for these people to go get a job, when they know they will not be able to feed their family?

This seems intentional on the part of government.

[0manoscar]

@pherronii People on the dole vote for Democrats! It started w/ the new Deal, and it continues today.

[pherronii]

@0manoscar not sure why you felt the need to tell me this, I will not vote, there is no need. Our handlers will install whomever they wish. this issue is far greater than people who could'nt afford a mcmansion. but your a rabid teabagger, and you will not bother to look into matters that confuse, or make you feel stupid. If you decide to learn some facts, I suggest following up with some of the better known economists. Chris Whalen is a great source, but there are many others who can educate you

[0manoscar]

@pherronii You sound like a raving loon conspiracy theorist. I am familiar with Chris Whalen, as I am an economist. I also did my undergraduate work in Political Science with a double major in History. I made my comment for the benefit of other people reading the thread. Please go back to wearing your sandwich board signs and tinfoil hat, and leave me alone.

[pherronii]

@0manoscar not sure why you felt the need to tell me this, I will not vote, no need. Our handlers will install whomever they wish. this issue is far greater than people who could'nt afford a mcmansion. but your a rabid teabagger, and you will not bother to look into matters that confuse, or make you feel stupid. If you decide to learn some facts, I suggest following up with some of the better known economists. Chris Whalen is a great source, but there are many others who can educate you

[runescapefanabc]

/watch?v=ds7Ofapnvzs&playnext_­from=TL&videos=Ss2pcNFVzEc&fea­ture=sub THIS IS PRODUCE NOT THAT

[OneSunEnterprise]

ucc-1 form public law.chapt.48,48 stat 112 it does more then buy time there is a reson you cant pay they are liable. check out Collateralizing America sam davis good luck to all

[Evilgerman723]

This doesn't work at all. I work for a Major bank and when the homewoner says "produce the note!" I respond by saying "would you like it mailed, faxed, or emailed to you?"

[junkymagi]

@Evilgerman723 They have to produce the original paper you signed. Photocopies are not valid, faxes are not valid, emails are not valid. The debt is not valid, the contract to pay that debt is not valid if they can't produce proof of the debt.

If you actually did work for a bank, you would know that, unless you're a teller.

[0manoscar]

@junkymagi The bank can produce a certified true copy of the original. Also, it only needs to produce that copy to the court, not the individual.

[ouluvme2]

@Evilgerman723 all three!

[odin422]

WHERES THE NOTE!!!

[darrelyndelfrancia]

Wall Street Bankers created a company, M.E.R.S. (mortgage electronic registrations systems), to process 60 million loans "paperlessly" to expidite the slicing, dicing and buddling of loans as "derivitives" to any investors that would pay... BBBBBillions of dollars in filing fees, the MERS replaced "paperlessly" to every States County Recorders Offices has bankrupt America and the media is not covering this

[familyvidslongave]

If you don't pay your mortgage, you deserve to be on the street. You lived in a house you never deserve for far too long. time for you to get an apartment where you always belonged

[Hailthorn]

@familyvidslongave ...And if your dumb enough not to read the very laws that govern the contracts you are applying for, you deserve to be locked away into a mortgage while it burns any equity you have for retirement.

What ever happened to fair and equal? Or the right to own property without paying for the use or enjoyment of it?

-Peace

[Antiks72]

@familyvidslongave Wrong. The masters of the universe imploded the economy, not this lady. It's not her fault she lost her job nor is it her fault there are no jobs. Go fuck yourself.

[farmboycarl]

Could the Obama administration be any more absent on this issue? What kind of nation ignores 12 million homeowners facing the loss of their homes? That's 35 million Americans, mostly children!!! If a Liberal Democrat can't put the blame on the Federal Reserve where it belongs, who will? Bernanke caused all of this when he raised rates17 times leading up to the adjustable rate mortgage re-sets in 2006. Congress allowed those mortgages to exist, and the Fed exploited them to kill us all. -Disgrace

[AceOfHeart2012]

Hey I did that. I was one of the pioneers in the "produce the note" technology here in La Crosse Wisconsin and the judge, Dale Passell (aka bench pirate reptilian Saturn worshipping lawyer in a black dress) kept saying: "Duly noted." Crook! I didn't abandon my home. I was forcibly extracted on June 28, 2007 when a 30 man SWAT team from the local Gestap, I mean, Sheriff's Department broke in and hauled me out in shackles. Anyone know how to get one's house back after it's been seized?

[Hailthorn]

@AceOfHeart2012 ... That's an interesting problem. One could suggest a Land Claim (assuming no one is living there now) and you could also try Conditional Acceptance for the Original Instrument of Debt.

It will take time and research, but it's worth it.

-Peace

[freenow77]

Thats it! I am not going to pay my mortgage, my credit cards, or my taxes anymore. Fuck em all!

[rrdrums110]

And so the mortgagor didn't agree to pay that mortgage no matter who bought the note? What judge is going to cosign on that? Don't count on that play my friend.

[Hailthorn]

@rrdrums110 In the event the bank does produce the original note and it has in fact been sold for investments... Well this would be fraud, as this is a private contract that they decided (without notice to you) to sell interest in to third parties. I would suggest researching Contract law and the Bills of Exchange Act to gain a greater understanding of what is truly going on.

And stay out of the defendant chair, you will never win.

-Peace

[DontFlatterUrselfSon]

Bank Trickory....

[rrdrums110]

Look I hate the banks and fractional reserve. I hate Federal reserve. But this idea that these people don't owe a mortgage for a technicallity just doesn't carry any sense w/it to my yhinking. i wish that this would work. I wishh evrybody would do tjis as I'm all for a total collapse and rebuld on constitition wisdom. I jusy don't think the judges work for common man. I mean look at the Supreme court for christ sakes. What would they say about thid get out of mortgage deal?You Know.

[sucker4lush]

A technicality? They sold the note! They dont own the house!

[rrdrums110]

So what are you going to tell the judge under perjury? That you didn't sign a deed of trust and a promissory note? That you in fact don't owe a mortgage?What the bank and and an investor do w/the promissory note to make a few bucks on the side don't have squat to do w/your obligations do they? I'm not on the the banks side as I hate the Fed reserve and fractional out of thin air money but that does not not mean the house you bought should become free to you. If you think that you are a scumbag

[veloire]

most states notes are public records, anybody can download a copy and ask you to pay them the money, only the original note's current holder have the right to collect

the issue is not to cheat but to protect the consumer, happened before that lender sold same mortgage to several companies,notes are very serious business and the lenders handled it very unlawfully the least few years, notes are very serious business and the lenders handled it very unlawfully the least few years

[sucker4lush]

"What the bank and and an investor do w/the promissory note to make a few bucks on the side don't have squat to do w/your obligations do they..."

What they did is called "selling". They are foreclosing on houses they dont own.

You are against "thin-air money", but you think the bank has a claim on the house AND profits from the homeowner? On a deal that cost them nothing!?

[rrdrums110]

Where's the note? This is the most stupid defense I think they ever tried. The note w/your signature is held at the county recorders office on microfilm. Along w/the grant deed and deed of trust. Then the the judge will ask you if that is your signature and you are under penalty of perjury if you lie. Stupid. Game set match banksters.

[mikeydfromsd]

Hey shit for brains, it's not a defense, it's a stall tactic, and it works.

[veloire]

rrdrums110

No judge will ask you to identify a photocopy of a document with your signature on it. The only valid note is the one that was signed by the borrower with ink. Notes are sold and resold and anybody can print out a copy. Copies and reproductions are not valid enforceable instruments. Anybody can print a copy from the public records and claim they are the holder of the original note.

[veloire]

The original note CAN NOT BE held on microfilm (that is a copy). Copies are not valid since a note is like MONEY, copies have no value only the originals.

Notes are freely sold on the market and only the ORIGINAL PAPER holder have the right to claim the payments.

[leonvoltaire]

Correct, EVERY THING IS UNDER UCC CONTRACT LAW!

Only the original contract is valid under the UCC and here is why it is a great defense:

Countrywide aquires a mortgage from bank A, Countrywide takes the Security Instrument and sells it to Bank of China, Bank of China buys thousand and thousand of these that are bundled together and warehoused.

So who owns the Sucurity Instrumsnt?

And any one who bitches, F them, why don't they bitch about the Jesuit's takeover of this country, SHEEP!

[sucker4lush]

Sanity! Thank you!

[TheGoodnessIsGood]

Love the media angle like there "might" have been some money owed but she's doing her last desperate tactic... instead of the truth, whereby the banks have illegitimately printed the money based on her signature, but the money was not loaned by the company but created by her signature, out of thin air. who financed the credit then?

[seanasheppard]

the american consumer continues to take it in the shorts

[rome7799]

Note, is this the original deed of sale of the property? I'm the first buyer of this home... was newly built, but refinance numerously...

[k9forkids]

Watch Jim Purcey he explain that you dont' owe them anything

[veloire]

rome7799

do not mix DEED with NOTE

[rome7799]

Do I need to hire a lawyer ?

[rome7799]

Do I need to hire a lawyer ?

[jsnip4]

Here's the best part. We "taxpayers" have now given a few trillion to the finacial institutions free of charge. They then loan the money back to us with interest. Anyone get a letter from their credit card company lately asking for 17-30% interest? I also suggest people follow the "web bot project" and it is highly accurate at prediciton the future. Get ready for tax revolts, massive mortgages stop getting paid, and major civil unrest.

[immafreemann]

The Federal reserve (privately owned) creates money from thin air and it is constitutionaly unlawfully created money (art.1,sec.8,10). Look up Credit River Decision-Judge Mahoney who releived the homeowner of his mortgage foreclosure. Unless you can print money to pay the loan back its not an even exchange?? Watch Freedom to fascism and Moneymasters, Zietgist Addendum for in depth explanation of the illegal, criminal cabal making all of us into slaves.

[jsnip4]

Excellent post. Thumbs up.

[exacerbatedtaboo]

The Federal Reserve was just a solution to a bankrupt country. By that time we'd gotten rid of gold and silver and started using Federal Reserve Notes. Google HJR192. If you understand commerce law and look at the House Joint Resolution then you'll know that people don't go bankrupt, only governments and corporations do. I'll probably get a dozen examples of filing for bankruptcy but you didn't have file to begin with. Google "Accepted For Value"

[katiediddesign]

I agree that she wasn't too wise, and that bailouts aren't helping anything.

BUT... this woman, at least, is honorable enough to STILL want to pay back the money she owes. How is letting the bank have it going to help either her, the bank, or the economy? If she still wants to pay $145,000 on a house that's worth less than half, the bank should work with her! They're not going to get their money back any other way, that's for sure.

[DonkeyOfTheDay]

I am going to go against the grain on this one. What most fail to see is that with the second person, she had a job and then things fell apart. And what some seem to fail to understand is that she said she wanted to repay the loan. There are people out there who want to repay the loan, but due to unforseen things happening to their jobs, they can't. This was not to get you to feel sorry for them to be help those who want to repay be able to stay in their homes.

[BrewCrew1981]

Kim Kalaski purchases a house for $39,000.

She now owes $145,000 because she used the housing bubble as a cash machine.

Am I the only one who thinks that SHE is the one that comes across UNETHICALl?

My fellow Americans, whatever happened to personal responsibility.?

[jsnip4]

While I agree with you, she lost her job which means even at $39,000 she could not pay her bills. Banks can create money out of thin are thru fractional reserve banking and then loan it to us peasants. If we default they get the collateral (house) even though they used money that they created out of thin air. People have no idea about fraction reserve banking. If they did, there would be a revolution tomorrow.

[rkim777]

Ok. These people signed a promissory note to repay their debts. Am I missing something? Isn't this why it is called a "promissory" note? Doesn't this mean they "promise" to repay their debts?

[mknelson5]

I worked for a big mortgage company and they were practically throwing money at people - whenever there was a reason we couldn't lend to someone ie- low credit - then the next day the bank would offer a new loan for low credit. The banks were so greedy - now make em work to find the note - I think every homeowner should ask for a copy!

[waycar111]

$40,000 a year and she bought that huge home? French doors? Nice refrigerator..nice fireplace..her house is ten times nicer than mine and when she had a job she made less than I do. The second lady gets $110,000 over the value of the home in second and third mortgages? They need to get out of the houses. Yesterday. I have no sympathy for these broads.

[bookish01]

These people are playing by the banker's rules- get it while you can. I think it's brilliant that the little guy is fighting back. Even though in the end you know they'll be crushed.

The ones who should be ashamed are those that dreamed up this plan of breaking up loans into tiny pieces, bundling and then selling them off. Devious, soulless geniuses who made millions at the expense of poor, desperate people. Sad.

[Chick6517]

that was so funny i really cant believe you guys did that and have de guts to put that stuff out here for the public to see gotta give u props.

[calibush]

Good, maybe now banks will think twice about packaging and selling mortgages as CDOs...

Keep the note in the vault like the banks USED to have to do, and there is no problem...

[BooBTuberToo]

I don't see how anyone finds this acceptable. What a low class move. You owe, and you can't pay. Get the hell out. Live somewhere where you can afford it. When did this become a nation of scam artists. I'm ashamed.

[TheManicInsomniac]

you should be ashamed... You have forgotten the basic fundamentals of being human... Compassion! You realize alot of people lost their jobs. They use to be able to afford the payments but then because we pissed away trillions of dollars on a useless war and crooked investors and scam artists help push us over the edge. I own my home, but I will not talk down about someone who lost their home! Yes, YOU SHOULD BE ASHAMED! Besides, pretty tough talk off a kid who lives off his parents! Get a life!

[waycar111]

that first lady's house is ridiculous. She was making 40.000 when she was working. Watch the video again and look at the house as she's giving the flashlight tour. I make more than she did and her house is ten times nicer than mine, The second lady went on a refinancing spending spree. These two people are EXACTLY the type Joe Biden was talking about earlier today who SHOULDN'T be bailed out. Boobtuber is right, they need to go.

[TheManicInsomniac]

You know, you can't blame people for wanting something nice once in awhile for themselves especially when it comes to their home! They aren't the only ones who fucked up in this! Why can't we just get passed the anger and blame and come together as PEOPLE and try to help the best we can. Anyway, they aren't asking for a handout, they are asking for some time or a loan modification! Yah, the economy is bad, people lost their jobs, at least act human and wish them luck! Does anger make you happy?

[waycar111]

If they couldn't afford it when they had jobs, what the hell makes you think their situation is going to change? The one lady has refinanced up to her eyeballs, the other lady bought a house only a person with at least twice her income at the time could afford. Damn right I'm angry! everyone is screwing over the banks, meanwhile people can't get financing for cars, appliances, etc, and people are losing their jobs because of that. The banks aren't going to finance anything in this climate.

[tf8252]

Not as simple as it sounds. The banks loan $300,000 when they only have $12,000 on deposit and then the Feds borrow money from private banks when they could just print it themselves. Banks have ROBBED this country's fortune.

[michaelNOLA2007]

THEY ARE SO CLOSE!!! Not quite there though. They have NOT lost the notes. They DESTROYED them so they could lie to the investors about their true value, and sold the same notes over and over again. They put EVERY homeowner at risk when they did it.

[hurchel]

This is a wonderful legal tactic. When I was a bill collector, a neutral third party set out to resolve a debt.. If a person said I dispute the balance provide an accounting, I would have to contact the client, if the client could not provide the contract, I could not proceed, litigate or impair their credit in any way...

If they cannot provide the original note, they cannot litigate or foreclose.... Good

[ceesix1961]

EXACTLY!!!! This is the very reason WHY so many people are losing their homes! This Kim buys a house worth $39,000 then refinances and remortgages it over and over until she owes $145,000.00 on it! WHAT???? She will never get that out of a house. HOW are people allowed to do this? This house is NOT worth $145,000.00. This is just as much any financial institutes fault as hers; however, she is the responsible one.

[michaelNOLA2007]

At first I agreed with you completely, but then i had a thought I wanted to bounce off of you.

Her house and credit obviously were good enough for them to loan her 145k. She chose to deploy her equity in whatever way she saw fit, right? So I said to myself, does she have the right to direct my financial decisions? Do I have the right to direct hers? I'd like to see her try to tell me what to do.

And she does want to pay them, so, maybe I'm wrong I'm thinking.

[ceesix1961]

Yes, and I thought about that too...then I had to shorten my answer. Here is the rest of what my initial thought was: my husband and I both have enough "common sense" to know that NO job is concrete these days, and they haven't been for almost 30 years. No one should over-extend on the worth of their most valuable asset, perhaps their home...for all economic reasons?!

[ceesix1961]

Also, I hope she can detain the creditor for as long as she needs to. I don't want to see her lose her home...I just think her situation is an example of what so many of us can't understand. When we bought a home, we were told we could go quite high in a loan...our thought was: yeah, if that's ALL the debt we have...it doesn't seem realistic to keep borrowing against something you will never get your money back out of. Houses are to live in, not get rich over.

[michaelNOLA2007]

Yes! That's what I was trying to puzzle out. Because I was like, OBVIOUSLY the lady wasn't deploying the equity in her home to invest it in something (like starting a business or whatever). I bought my new orleans house in a historic district 8 years ago that I could afford (cheap), then they tore the projects down and values went up. I thought about "pulling some out" to buy a fourplex but ultimately passed. So, yeah, I can't decide for her, or her me, but WHAT WAS SHE SMOKING??

[careybollinger]

You're right she can't tell me or you what to do any more than we can her. However, we as a nation should not have to bail out these two idiots and thousands like them who overextended their leverage to do what ever they did with the funds they wasted. My pity ends at their stupidity.

[michaelNOLA2007]

A-FRICKEN-MEN! The borrowers who lost their minds and spent all their equity, the relative handful of banks that bought all that bad debt, the shareholders of those banks, NONE OF THEM should get any of OUR money. We are SO on the same page. I must confess, I am stealing your line at the end of your comment there. I'm sorry. I feel really bad about it.

[banjojambo9]

get a forensic mortgage audit done