Are people getting away with not paying their mortgages for months? years?
- Thread starter Port1385
- Start date
State Dist. Judges and Fed. Dist Judges are demanding the original paperwork on the loan.
No originals?
No foreclosure.
Period.
No originals?
No foreclosure.
Period.
The fees are part of the affirmative action. No. It's east coast. Read respa. The recession is found via respa errors. The state of the loan doesn't matter. Foreclosure upsidedown whatever. Remember it's two simultaneous actions. Defense and affirmative. Defense is done gratis to get the affirmative action
yes. I have a friend who works for a national mortgage company and he said the home owners of a whole new building in FL havn't paid a single mortgage since 2006 and yet there is no foreclosure.
The banks have no right to foreclose. They are not lawfully authorized to create money via fractional reserve banking, therefore they are not giving fair consideration to support their notes.
First National Bank of Montgomery V. Jerome Daly
http://www.restoretherepublic.org/?p=58
First National Bank of Montgomery V. Jerome Daly
http://www.restoretherepublic.org/?p=58
1) Banks don't want to take homes back that are worth less than 1/2 the remaining mortgage balance (let alone any HELOCs, etc.), and pay taxes and maintenance and all the rest, just sitting on the house, in this terrible and deteriorating (i.e. getting even worse) economy.
2) Those who bought such homes are underwater, and figure why make more payments towards a depreciating asset when they're losing their jobs, wages are stagnant or falling, the foreclosure disease is infecting their neighborhood, and they have no faith in any recovery.
There is a 2nd wave of foreclosures starting to wash over the U.S., and this time, it's prime borrowers with excellent credit who are going to quit making payments.
2) Those who bought such homes are underwater, and figure why make more payments towards a depreciating asset when they're losing their jobs, wages are stagnant or falling, the foreclosure disease is infecting their neighborhood, and they have no faith in any recovery.
There is a 2nd wave of foreclosures starting to wash over the U.S., and this time, it's prime borrowers with excellent credit who are going to quit making payments.
It's apparent all except for 2 posters know the facts.
First: You don't need a lawyer, but good to have one.
Second: Put yourself in foreclosure proceedings and then ask the Judge to see the Loan document and proof the bank owns the property
Depending on your state, after 10 years the house is your FREE and CLEAR.
Yes, it's that simple. Like trading, people have a habit of taking the simple and making it complicated .
First: You don't need a lawyer, but good to have one.
Second: Put yourself in foreclosure proceedings and then ask the Judge to see the Loan document and proof the bank owns the property
Depending on your state, after 10 years the house is your FREE and CLEAR.
Yes, it's that simple. Like trading, people have a habit of taking the simple and making it complicated .