Fight Foreclosure: Make 'Em Produce The Note!

One of the last ways you can fight foreclosure is to make them produce the note. In many cases the note is sitting in a warehouse somewhere and nobody knows or cares where it is.

Category:

News & Politics

Tags:

• Subprime
• lending
• crisis
• foreclosure
• fight
• back
• emc
• bear
• stearns
• ameriquest
• countrywide

[rotnflesh]

Banks would rather drop a foreclosure suit (which is an illegal judicial abrogating tactic unless the defendant is "acquiescing by silence") that pursue a common law lien payment; it reduces their profits and unbalances their books because a mortgage is literally this:

You go to a bank for a loan, the bank has you sign a contract; your CONSIDERATION is the house; theirs is the loan total. However, they have shown/given you NOTHING as consideration. I'll explain.

[rotnflesh]

When a bank makes a loan, they create money out of thin air to fill the demand by a consumer for a loan. The consideration in common law is "that which is shown in good faith of a contract"; if they bank was truly giving a consideration, they'd open the vault, grab the $200k you wanted in a loan, and set it aside with a note for "mortgage loan on (property address, customer name).

That would be a proper consideration. The banks don't do that: They make a notation on a balance sheet only.

[jamesdixon137]

If you need to see free List of Foreclosures

go to myforeclosure. info

[jamesdixon137]

 myforeclosure . info

[ANYSIA000]

You should call 714-224-1440 or go to icansuemylender. com they can help you delay your foreclosure also can delay your evictions

[AceOfHeart2012]

@kenfo0 How long are you going to keep this up? You wrote to me first douchebag! Get a grip.

[SacredSocietyAP]

@kenfo0 First off SMART ASS. This was over 16 years ago and I was a stupid kid with more credit than I knew what to do with. LIKE ALOT OF PEOPLE in their teens and early 20's I went out and bought something I couldn't afford. Did the bank who knew alot about finance tell me it was a bad choice..No.>They just wanted my money. Like I said. This problem is not ALL the banks fault. There are a tons of kids out there STILL doing the same and people like you telling them it's all the banks fault.

[kenfo0]

@Scaredcow HAHAHAHA. Hardly, dumbass. I responded to what you wrote. You then whine "you don't understand", THEN fully explain the depth of YOUR financial stupidity, pretending everyone else must suffer the same stupidity. Hardly. YOU signed the note. YOU bought all your gear. No one "made" you. You NOW go on to explain that I am COMPLETELY correct: you did NOT buy another house. Were you a man, you could have just said "you know, you're right". But alas, you're not... Run along now.

[SacredSocietyAP]

@kenfo0 Slow down keyboard warrior. You sound like the conspiracy nuts in tin foil hats looking for chemtrails...Like I said, both the bank and I were in the wrong...I worked with my bank and a real estate agent to get it sold..which was almost at the last second..they almost foreclosed on me even though I put it up for sale. I then moved into military housing, which was actually a nicer, until it sold. I then got rid of my luxury LEASE vehicles and bought a realistic car for my family.

[kenfo0]

@SacredSocietyAP It is not MY fault if you don't explain yourself clearly. Now that you have, we have the answer. You acted like a retard, financially, therefore EVERYONE ELSE who is being foreclosed upon must be exactly like you? What a bizarre, yet typical viewpoint today. "I'm a degenerate, so you must be too.". Uh, no. A majority of foreclosures relate to unemployment, not retards over-spending. Further, if you "walked away", you sure as shit didn't "go out and get another house".

[kenfo0]

@AceOfHeart2012 Hi dumbass! I see you still can't explain your absurd...actually insane....assertion that I "wurk fer tha gubmint". Then you go off on some degenerate sex talk, showing what you are all about. Crazy and with degenerate sex thoughts....that's a bad combo, you FREAK. You need to commit yourself to a psych ward until they can figure out WTF is wrong with you. It is bad. That was not an "insult", I am completely serious. I hope you take that seriously and get help, you need it

[SacredSocietyAP]

@kenfo0 I think you missed the whole point of what I was saying. There were TONS of people out there taking any loan they could get. Cars, Boats, Houses, Credit Cards...I myself was one of those idiots..and I worked for the gov't. When it came time to pay up..I didn't stand in the street with a "Produce The Note" sign..I gave them the damn keys and went and got a house and car I could actually afford. Should they have gave me the loan. No! Should I have taken them. No! Both parties in the wrong.