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“Vultures” Mass Media’s Way of Scaring Us2. September 2010 by Spiritual Patriot. I want thank my friend Julie for sending me this article from the Wall Street Journal. The tile “Vultures” Save Troubled Homeowners, says it all of how main stream media wants to portray a company that actually is helping people as “Vultures”. Why would they do that? I did a little research and found that Lewis Ranieri ran an investment firm that probably contributed to the whole mortgage crisis in the first place. Welcome to America; make a buck when the bucks are there to be made. Now Ranieri’s firm is doing something that no bank loan modification or government program even attempts, they get homeowners mortgage principal reduced significantly. Then struggling homeowners get a payment they can make, and stay in their family home. Economic gurus and academic leaders have been saying all along that principal reduction is critical and important component of any loan modification. One additional point here that is misleading in the WSJ article is the quote that 3.4 million loan modifications have taken place since mid-2007. The real trouble only started at the end of 2007 and less than 500 thousand loans have been permanently modified since then, with less than 2 percent getting principal reductions. Get it? Now you may have never read or seen this article, but the people who read the WSJ are the bankers, Wall Street brokers, and our elected officials. These are the people running and supporting the broken banks, Wall Street and government programs. What do you think this does to their mind set when they vote on the next program? I think it just gives them more false statics and ammunition to continue creating more of the same, which just does not work. So is a principal reduction a good thing when it comes from a private firm? In all fairness WSJ writer James R. Hagerty does say in the video on the site that if you can get a principal reduction co, it is a good thing. You be the judge. I know many of us are attempting a loan mod and got a foreclosure notice, or it just plain failed because you cannot qualify, so then what? The choices may seem few, especially if we keep looking in the same places for solutions. And when you look at something good that may be good, it may get characterized as a Vulture. Kind of a catch twenty two, huh. Where do you go? I encourage you to take a good long look at Living Free and Clear’s program in detail. Good reputation, well known and respected CEO TJ Marrs and good client references. Living Free and Clear’s Equity Triad program can reduce your principal, eliminate interest and even may get you in such a position that a bank will happily do these things or even more, to avoid triple damages against them. Please join me in this discussion by clicking the comments button below. As always yours in peace and prosperity, Freedom Writer. Posted in mortgage solutions, principal reduction, loan modification, new york, the hudson group, Politics, wells fargo, Uncategorized | Print | No Comments » Living Free And Clear Mortgage Solutions Overview30. August 2010 by Spiritual Patriot 2012.
Got a home mortgage? Take a few minutes today and watch this video. Living Free and Clear has a program for almost any home owner. This is not a loan modification program or foreclosure help program. Living Free and Clear can substantially reduce your principal, interest payments and take years, not months off your pay off time. Living Free and Clear offers a full 30 day money back guarantee if you do not qualify. Contact Robert Ponte for the qualification form. Below this posting you can listen to what Living Free and Clear clients are saying about the program.
Living Free and Clear - Mortgage Solutions from TJ Marrs on Vimeo. Posted in arizona, michigan, california, mortgage solutions, washington, new jersey, connecticut, florida, new york, robert ponte | Print | No Comments » Listen To What Living Free And Clear Clients Are Saying30. August 2010 by Spiritual Patriot 2012.
Remember this is not a foreclosure help or Loan modification program. We get huge amounts of interest reductions, principal reductions and years off of your pay back. Living Free And Clear offers a 30 day money back guarantee if you do not qualify. Contact Robert Ponte Directly for the Qualification form or by phone 860-599-5557. Living Free and Clear Testimonials from TJ Marrs on Vimeo. Posted in michigan, california, mortgage solutions, arizona, new jersey, connecticut, florida, new york, robert ponte | Print | 1 Comment » Orange County CA. Over 18 Percent of Homes Underwater!28. August 2010 by Spiritual Patriot.
Not so bad really when you consider that 33 percent of all the homes in California are underwater and 68 percent of all the homes in Nevada. Oh my God, what is going on and what can you do? These and many other government statistics show beyond a shadow of a doubt that millions and millions of homeowners are struggling. They are struggling with stress of a financial burden brought about by banks, on purpose! Yes I mean on purpose. What a great way to increase profits by first, stop lending and creating more debt, then deluding the equity in our homes, and last but not least eliminate most jobs, and finally take properties for pennies on the dollar. Great gig if you can get it. What can we do then? Get an attorney? Not, most of them just want you to go bankrupt and start over. Which is next to impossible these days with no credit, no jobs and an economy run by banks that just want to earn a profit by doing pretty much nothing and taking little or no risk? Chief Economist Mark Fleming. He added: “Negative equity continues to both drive foreclosures and impede the housing market recovery. With nearly 5 million borrowers currently in severe negative equity, defaults will remain at a high level for an extended period of time.” Posted in mortgage | Print | No Comments » One of Thousands of Sad Stories about Dealing with Wells Fargo25. August 2010 by Spiritual Patriot 2012.
I have been getting many notes from many people who try to deal with Wells Fargo in good faith, and wind up with the short end of the stick, putting it lightly. Got this one yesterday. 4. Message: ‘Wells Fargo Home Mortgage stole our home from us. They are guilty of fraud. We are now facing homelessness as we had our only investment taken. They held us for almost two years in limbo, telling us they would get us in a modified loan due to an unecpected layoff of my husband. The day of the auction they called and said they were working on getting it postponed. It was a set up from the beginning. Our house had a ton of equity because of our own blood, sweat and tears. It was our life saving. We are financially ruined because we tried to play their game and do as they say, sending one document after another for a year and a half. They are liars, theives and scoundrels. What can we do? Where can we live now? Please tell us. There must be someone who can hold this devil/bank accountable. Where’s the 25 billion they took in tarp funds? So sad, so angry. ‘
If you have been working with Wells Fargo and need help, use the contact page on the left. Posted in washington, florida, wells fargo, bank bail out | Print | No Comments » Connecticut - Mortgage Foreclosure Standing Order24. August 2010 by Spiritual Patriot 2012.
Standing Order on Mortgage Foreclosure The purpose of this standing order is to ensure that no mortgage foreclosure proceeding is initiated, no previously initiated mortgage foreclosure proceeding goes to judgment, and no sale of a residential property for which the mortgage has been foreclosed is approved pursuant to a judgment of foreclosure by sale, unless the defendant has had an opportunity, if the defendant is eligible, to apply for relief under a federal loss mitigation program including, but not limited to, the Home Affordable Modification Program (HAMP), the Second Lien Modification Program (2MP), the Home Affordable Unemployment Program (UP), and the Home Affordable Foreclosure Alternatives Program (HAFA), information about which is available at https://www.hmpadmin.com/portal/about/overview.html http://makinghomeaffordable.gov/about.html https://www.hmpadmin.com/portal/docs/hamp_servicer/sd1002.pdf http://www.homeloans.va.gov/circulars/26_10_2.pdf Posted in mortgage | Print | No Comments » Ultimate Mortgage Relief11. August 2010 by Spiritual Patriot 2012.
The first real program that address underwater mortgages by getting a principal reduction!
Posted in attorney, bank of america, connecticut, wells fargo, stop foreclosures now, tarp funds misuse, banking | Print | No Comments » Are We Being Deceived?12. July 2010 by Spiritual Patriot 2012.
ARTICLE: Lenders Are Deceiving Us, Should An “Even Exchange of Value” Be Considered A Loan? …and what you can do about it. The Mortgage Loan Process Let’s examine how it is MONEY created by “credit-lenders”. Your signature is an asset in our economy. You create the value for your mortgage with your signature on the Promissory Note. You do not borrow the bank’s money. Take a look at the definition of “Bank” in the 4th Edition of Black’s Law Dictionary: If a promissory note is designed to circulate as money, like money it can be deposited into a checking account. Though this is the case it was never disclosed in the bank loan agreement. Since the promissory note is a negotiable instrument, per the Uniform Commercial Code, at what point did the bank “own” the promissory note? The “lending” techniques that banks have used for centuries appear to be lending money, but in actuality have the value supplied by the person seeking the loan. The bank does not disclose to you that your Promissory Note is actually an asset to the bank. Instead they focus your attention on the second document you sign, the Mortgage Agreement. The intent of this misdirection is to perpetuate a public perception that you are receiving something from the bank that you are obligated to repay. The bank does not let you know that a promissory note is actually a “negotiable instrument” under the Uniform Commercial Code, and that it will be deposited to fund your loan. Nor does the bank tell you that they have a liability to you of approximately the amount of the loan. (The bank owes you by their own bookkeeping entries). When you apply for a $100,000 bank loan, you sign a $100,000 promissory note, which funds the $100,000 bank loan check that you receive at closing. What is the actual cash value of the promissory note? It is $100,000, because the bank exchanges your promissory note for $100,000 in government bonds, which has value equal to cash. The lender merely exchanged actual cash value for actual cash value, and you were charged as if there was a loan. As per the Federal Reserve Bank of San Francisco publication Monetary Policy in the United States (p. 13) states that, “bank loans is/are funded…by banks creating new deposits.” They claim there was a loan. The truth is , it was an exchange and they called the exchange a loan. The proof is in the bookkeeping entries. No actual cash value was loaned as consideration for obtaining the promissory note, and the proof is that the note is what funded the check that you received. If you gave the bank $100.00 cash as collateral for a bank loan, and the bank deposited the $100.00 cash and used it to fund a bank loan check which was delivered to you, and the bank refused to return the $100.00 cash collateral, does that make business sense to you? Does that sound like a fair and equitable transaction? That is exactly what the bank does on every loan it makes. When you hand the lender a promissory note, it has equal value to the loan check. Where is the money that paid for the promissory note? When a bank grants a $100,000 loan, all they are doing is taking $100,000 of actual cash value from you (the promissory note) and transferring it to them, for free. The bank did not loan one cent of their depositor’s money for the $100,000 promissory note. They did it by recording the promissory note as a loan from you to the bank, on the banks books by journal entry. The bank then used the $100,000 they obtained from you to create the $100,000 of new money called checkbook money. Checkbook money has equal value to legal tender because the promissory note can be sold for legal tender. Then the bank uses the newly created checkbook money to give you back the $100,000 as a bank loan. How Does A Bank Loan Actually Work: 1. You want a loan for your home 2. The bank advertises that they loan money 3. You apply for a loan 4. You jump through all their hoops and are approved for a loan 5. They have you sign a promissory note 6. Your promissory note is exchanged for currency of equal face value 7. The bank deposits the currency into an account 8. The bank cuts you a check from the deposit you never knew about (or transfers the money to those who should be receiving it). 9. And you think you owe money back on a loan, when in fact all that took place was an “exchange”. Did they give you money? NO What other business in the world allows you to create money based on the value that someone else GIVES YOU, then charge that person again plus interest!? So the real question becomes, “If the promissory note is an asset, what funded the bank’s ownership of the note?” Answer: They still don’t really own it. They made and exchange - Your promissory note (asset to the bank) was exchanged for approximately the amount of the loan. You gave the bank an asset worth $100,000 and the bank returned $100,000 to you. Where was the loan? There was not one. As an honest ethical person who believes that all loans should be repaid, do you agree that the bank should repay your loan to them? After all, they deposited your promissory note. Your promissory note is an asset that they exchanged for a check. Where’s the loan? Factually, there is not one. And since all lenders should be repaid, shouldn’t the bank repay your loan to them? To add insult to injury, the banks can “fractionalize” your note through the Federal Reserve System, expanding its value up to nine times the note’s face value ($100,000 becomes $900,000), tax-free money they can spend and invest as they please. Bearing in mind, your are “currently obligated” to repay the loan with interest that works out to 2 1/2 times the principal over a 30 year period. THESE CIRCUMSTANCES AMONG SEVERAL OTHER FLAWS ARE PART OF THE BASIS UPON WHICH WE PROCEED TO HAVE MORTGAGES SETTLED IN FULL, BECAUSE THE ARE IF PAID IN FULL.
Posted in General | Print | No Comments » Mortgage Loan Process26. March 2010 by Spiritual Patriot.
Let’s examine how it is MONEY created by “credit-lenders”. Your signature is an asset in our economy. You create the value for your mortgage with your signature on the Promissory Note. You do not borrow the bank’s money.
Take a look at the definition of “Bank” in the 4th Edition of Black’s Law Dictionary: If a promissory note is designed to circulate as money, like money it can be deposited into a checking account. Though this is the case it was never disclosed in the bank loan agreement.
Since the promissory note is a negotiable instrument, per the Uniform Commercial Code, at what point did the bank “own” the promissory note? The “lending” techniques that banks have used for centuries appear to be lending money, but in actuality have the value supplied by the person seeking the loan.
The bank does not disclose to you that your Promissory Note is actually an asset to the bank. Instead they focus your attention on the second document you sign, the Mortgage Agreement. The intent of this misdirection is to perpetuate a public perception that you are receiving something from the bank that you are obligated to repay.
The bank does not let you know that a promissory note is actually a “negotiable instrument” under the Uniform Commercial Code, and that it will be deposited to fund your loan. Nor does the bank tell you that they have a liability to you of approximately the amount of the loan. (The bank owes you by their own bookkeeping entries).
When you apply for a $100,000 bank loan, you sign a $100,000 promissory note, which funds the $100,000 bank loan check that you receive at closing. What is the actual cash value of the promissory note? It is $100,000, because the bank exchanges your promissory note for $100,000 in government bonds, which has value equal to cash.
The lender merely exchanged actual cash value for actual cash value, and you were charged as if there was a loan. As per the Federal Reserve Bank of San Francisco publication Monetary Policy in the United States (p. 13) states that, “bank loans is/are funded…by banks creating new deposits.” They claim there was a loan. The truth is , it was an exchange and they called the exchange a loan. The proof is in the bookkeeping entries. No actual cash value was loaned as consideration for obtaining the promissory note, and the proof is that the note is what funded the check that you received.
If you gave the bank $100.00 cash as collateral for a bank loan, and the bank deposited the $100.00 cash and used it to fund a bank loan check which was delivered to you, and the bank refused to return the $100.00 cash collateral, does that make business sense to you? Does that sound like a fair and equitable transaction?
That is exactly what the bank does on every loan it makes. When you hand the lender a promissory note, it has equal value to the loan check. Where is the money that paid for the promissory note?
When a bank grants a $100,000 loan, all they are doing is taking $100,000 of actual cash value from you (the promissory note) and transferring it to them, for free. The bank did not loan one cent of their depositor’s money for the $100,000 promissory note.
They did it by recording the promissory note as a loan from you to the bank, on the banks books by journal entry. The bank then used the $100,000 they obtained from you to create the $100,000 of new money called checkbook money. Checkbook money has equal value to legal tender because the promissory note can be sold for legal tender.
Then the bank uses the newly created checkbook money to give you back the $100,000 as a bank loan.
How Does A Bank Loan Actually Work: 1. You want a loan for your home 2. The bank advertises that they loan money 3. You apply for a loan 4. You jump through all their hoops and are approved for a loan 5. They have you sign a promissory note 6. Your promissory note is exchanged for currency of equal face value 7. The bank deposits the currency into an account 8. The bank cuts you a check from the deposit you never knew about (or transfers the money to those who should be receiving it). 9. And you think you owe money back on a loan, when in fact all that took place was an “exchange”.
Did they give you money? NO
What other business in the world allows you to create money based on the value that someone else GIVES YOU, then charge that person again plus interest!?
So the real question becomes, “If the promissory note is an asset, what funded the bank’s ownership of the note?”
Answer: They still don’t really own it. They made and exchange - Your promissory note (asset to the bank) was exchanged for approximately the amount of the loan. You gave the bank an asset worth $100,000 and the bank returned $100,000 to you. Where was the loan? There was not one.
As an honest ethical person who believes that all loans should be repaid, do you agree that the bank should repay your loan to them? After all, they deposited your promissory note. Your promissory note is an asset that they exchanged for a check.
Where’s the loan? Factually, there is not one. And since all lenders should be repaid, shouldn’t the bank repay your loan to them?
To add insult to injury, the banks can “fractionalize” your note through the Federal Reserve System, expanding its value up to nine times the note’s face value ($100,000 becomes $900,000), tax-free money they can spend and invest as they please. Bearing in mind, your are “currently obligated” to repay the loan with interest that works out to 2 1/2 times the principal over a 30 year period.
THESE CIRCUMSTANCES AMONG SEVERAL OTHER FLAWS ARE PART OF THE BASIS UPON WHICH WE PROCEED TO HAVE MORTGAGES SETTLED IN FULL, BECAUSE THE ARE IF PAID IN FULL. Posted in lindsey howell, wells fargo, foreclosure help, Uncategorized | Print | 1 Comment » |
