The problem that these banks have is that they no longer hold the note to your home, because they have already sold it at face value to the Federal Reserve. And in order for a creditor ( to make a claim against the debtor , they must in a court of “law” show proof of their claim to collect your supposed debt to them. However, the only proof of their claim for the foreclosure of your home is in fact that original note that you signed, which created the money that enabled the bank to loan to you
The only problem is if they produce the Note you got to produce the CASH =(
squelchdown 8 months ago
The problem that these banks have is that they no longer hold the note to your home, because they have already sold it at face value to the Federal Reserve. And in order for a creditor ( to make a claim against the debtor , they must in a court of “law” show proof of their claim to collect your supposed debt to them. However, the only proof of their claim for the foreclosure of your home is in fact that original note that you signed, which created the money that enabled the bank to loan to you
iwatchfites 1 year ago