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There is no loan. That's the jape. There never was a loan. Your house was paid in full the instant you signed the mortgage. The fraud comes when you allow the bank to slide that promissory note in front of you. The house is yours. The bank is essentially lend you your own credit. They then put the principle payments in an escrow account. Then, 3 years after default or amortization, the bank files a 1099 OID claiming the abandoned funds. Nice huh? Thing is, they never pay tax on those funds.
AceOfHeart2012 5 months ago
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The BIG banks are committing Foreclosure Fraud, throwing people out of their homes by forging the documents. DEMAND that your bank produce YOUR ORIGINAL mortgage note with your "wet ink" signature (a copy is insufficient, just like a copy of a dollar bill is not a dollar). If the bank cannot produce YOUR original signed note, they can be sued for the mortgage amount +3 times the amt. They may just "give" you the house rather than pay 4X that amt. Do not refinance - They get a new signature.
GThomason 1 year ago
Capitalist dogs..!!! Yeahhhhh.....Where the jeke is Obama to help those usa citizens!!!!
resfalgio 1 year ago
Call the lender????really ???.......hmm they went bankrupt........who own the note??? If your loan was securitized, then its a group of investors which constitue a trust, or a hedge fund. The investors bought a "pool of notes" known as a mortgage back secutity and they have no idea what notes they hold because THEY ARENT HOLDING THEM. The title chain of any pre 2009 securitized mortgage is clouded in the very least.
anolmec 2 years ago
She thought ... where trouble began 00:48
NoticeOfDefault 2 years ago
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Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.
DrewDownsManagement 3 years ago
These are the dscams and rip offs of the Banks selling debts to other shark banks, and not holding the responsibilty AND LOSS of loans they should not have issued in the first olace, OR MAKE THEM HAVE TO give more humane time for payments when people default payment through no faut of their own. ILL HEALTH LOSS OF JOBS ETC. Private banks are an evil system in a corrupt culture.
nbm34 3 years ago