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. 

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28. June 2010 by Spiritual Patriot 2012.

http://stopforeclosurefraud.com/2010/04/14/gmac-v-visicaro-case-no-07013084ci-florida-judge-reverses-himself-applies-basic-rules-of-evidence-and-overturns-his-own-order-granting-motion-for-summary-judgment/

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19. March 2010 by Spiritual Patriot 2012.

Think the bank is going to help you get a loan modification?  You probably have been trying for months to get a loan mod with little or no results.  Even for those of you who do get an offer, it is even worst than the existing loan.  Probably they are stringing you out for 40 years, tacked on all the penalties, fees and missed payments to the bottom line.  And they do not even suggest or consider a principal reduction.  Then you may have tried to get an attorney to help.  Most of them do not even know the laws in the foreclosure arena and mostly suggest one remedy, bankruptcy.  There is great information on the internet like Living Lies by Neil Garfield, but even then it is hard to discern what actions to take and who if anyone can help.   Well, you can help your self and it is way easier than you might think.  It does take some time and money, but you can with some effort take the bank servicing company to court and win.  The National Foreclosure Protection Center is the one place we have found that can help you, help yourself.  There are recorded calls and videos to learn from.  There are real people not attorneys who are learning to share their experiences with you.  Step by step courses that lead you though the process of getting a mortgage audit done.  All the steps and education you need in one place.  Keep checking our blog in the coming weeks and months to learn more.

Posted in national foreclosure protection center, attorney, foreclosure education, lindsey howell, robert ponte, foreclosure help, wells fargo, the hudson group, General | Print | No Comments »

5. March 2010 by Spiritual Patriot 2012.

Locked into a long term contract again?  Want to be free of the monthly bill of $100 to $500 a month for the average cell phone bill?  Now with Wow Mobile it is all possible.  No contract, no credit checks and no other fees for unlimited voice, text, email and data.  For years we have been stuck with contracts that help pay  the big four cell providers advertising budgets.  Wow Mobile has changed all that.  Now the consumer gets the benefits and residual income from every single person they refer to the Wow.  Refer three and get your free is the next evolution of the cell phone business.  Customers get all the benefits with out  all the hassles and no more contracts.  Wow Mobile is also ready with the next generation of Android cell phones, like the Samsung I7500 Galaxy.

Posted in connecticut, cell phones, robert ponte, the hudson group, General | Print | No Comments »

28. December 2009 by Spiritual Patriot 2012.

What a year!  I bet you feel the same.  I am looking forward to 2010 for many different reasons.  One is knowing that more opportunities will be abundant.  I am working with a group now that funds projects stalled by the lack of lending from banks.  Need funding for your project in the 10m to 3b range?  Go to my site The Hudson Group and fill out the subscribe form.  I am also giving out free information on my website The Hudson Group.  I am now in a position to help anyone looking to pay a few extra bills or even make internet marketing a full time gig.  Most importantly this year has been the most spiritually time for me.  I am looking forward to the world changing for the better and waking up to the fact that we are all one and a part of the common human spirit.

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8. October 2009 by Spiritual Patriot 2012.

I guess you were searching for a way to earn money with Amway?  Amway has been around for a long time and is now capitalizing on the millions of people looking to supplement their income or work at home full time after a job loss.  This is probably not the first article you have read or program or product you looked at either.  What are we looking for? What is missing from Amway and all the others? Leads and Money are missing.  How would you like to get leads automatically that would generate themselves, earn you cash and finally bring them into more opportunities?  MLM Lead System Pro solves those issues. I have spent years doing pretty well but always run in the same issues, not enough leads or cash. MLM Lead system Pro address these two issues as well as other marketing issues not address in any other system.  These guys have been around the longest and guarantee if you setup this simple system you can be where you want to be in 3 to 6 months.  This is the start of one income stream, which will lead to multiple income streams just by following what the pro do, easy and its a buck to try it out!  See now why this is the number one system out there. MLM Lead System Pro

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1. October 2009 by Spiritual Patriot 2012.

Do you think the loan modification you have been working on for months or even longer is just a way for the bank to fool us in thinking their going to help?  I hear over and over again from people that this is the case and worse.  Wells Fargo seems to be the worst but all banks are basically biding their time with us just lurking around the corner waiting to pounce and take our properties.  but wait!  Is there something we are not seeing or doing?  Yes!  With just a little side step from the status quo media outlets, you can find a wealth of information that not only will help you put off the banks but save your home and remove the illegal lein.  And maybe you are even entitled to some sort of compensation and damages!  Even the judges are getting it.  Take a look at one good judge in Brooklyn is doing in his court. Keep the faith and good thoughts and good things are coming.  this is one of the most important times in history as the US government and businesses will learn that more is less, and less is better for us all. Namaste’ Robert

Posted in wells fargo, Kansas, living lies, stop foreclosures now, foreclosure help, General, foreclosure, banking, Mortgage Crisis | Print | No Comments »

27. September 2009 by Spiritual Patriot 2012.

There are many sites to help people with foreclosures.  Neil Garfield’s Living lies,  Charles Lincoln’s Spiritual Patriot and Foreclosures Stop Now to name just a few.  Take some time today for yourself and family to search these sites and read what the possibilities are for saving and keeping  your families home.  About 98% of homeowners facing foreclosure do not even look or think their is any hope other than going bankrupt.  Pass this along to anyone who may know someone facing one of the worst things that could happen to them, losing their home, and to a bank no less that has NO right to it in the first place.  Need help now call Robert @ 860-599-5557 there is a way.

Posted in living lies, neil garfield, Kansas, foreclosure help, foreclosure, banking, General | Print | No Comments »

13. September 2009 by Spiritual Patriot 2012.

Watch this video on CBS News. See what just one good man and Judge can do about the foreclosures mess.  A real person thinking about the families that banks and servicing companies are just stealing homes from.  Unfortunately one person in Brooklyn NY can help us all.  If you live in other states and need foreclouse help, click here to go to Charles Lincoln’s foreclosure help site.

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31. August 2009 by Spiritual Patriot 2012.

One site that has a lot or Pro Se information on foreclosures is Living Lies by Neil Garfield.  Today he wrote one of the most important posts to date.  Read Living lies here. Yes there is good information on his site but putting it all together is why one should seek experienced foreclosure help.  One such site and person is Charles Lincoln.  Our blog and foreclosures stopped now blog has always advocated getting advice from experienced attorneys or others doing Pro Se work.

Posted in foreclosure help, stop foreclosures now, banking, mortgage, General, foreclosure, Mortgage Crisis | Print | No Comments »