Desert Under Water Foreclosure Crisis Part 2

[johnlyn1]

There is no such thing as sketcky credit. YOU ARE THE CREDIT! YOU create the credit by your signature. The bank PRETENDS to loan you the credit which is just a promise to pay. You give a promise to pay and they give you back a promise to pay. That is an EVEN EXCHANGE! Then YOU make payments to the bank while the bank never makes their payments to you on their promise to pay they gave you. Then they slip in the mortgage as a separate transaction to STEAL your house later. It's all a SCAM!

[johnlyn1]

The banks commit fraud right from the inception of making these loans. They don't even give a loan. These BS loans are never made in the first place. It is your signature on that note that is the source of the credit. The banks are loaning you your own credit! They deposit your note into an account then take that deposit credit and loan it back to you. Then they securitize that debt and make MILLIONS off it. Then they STEAL your home later after you can't make payments on a loan that never was.