Fact: While it’s true that the federal reserve is involved with the banks and other lenders that the monies used by the banks and lenders comes from the FED at little or no interest.
The Mortgage Company committed the ultimate fraud against you because they loaned you nothing to payoff the imaginary balance, so in fact you borrowed debt, not even their own debt instruments. You were told that you owe them the unpaid balance of your home and that you must pay back with interest in monthly installments. Now at closing, the mortgage company had you sign a Promissory Note in which you promise/pledge your sweat, your equity, full faith and credit against the unpaid balance. Then without your knowledge the mortgage company sold your promissory note (which is your credit) to a warehouse institution. Did any of you ever give permission to the mortgage company to sell your credit? and if so, where is your cut of the Profits??? More on this later Stay Tune.
There is wide spread Contracts – and the reasonable expectation of performance that goes with them – are the life-blood of every economy. It is said that nothing moves on this planet without a contract, whether its written, spoken, a nod, a handshake or silent. However written contracts rules. Foreclosures falls in the categories of breach of contract. Technically the banks/financial institutions should have been filing a breach of contract of its terms and conditions not foreclosures simply because they do not have the proper standing to foreclose and the courts went along with these shenanigans.
We have discover new tools to be utilize in the fight against foreclosures. Judges are taking notice of the presentation of this [n]ew [d]iscovery tools. The outcome: Settlement. The courts are [e]ncourage to make changes to proceedings every 90 days. The new tool cannot be dispute if judge ignore the statutes that govern this new tool the case becomes appealable. Doing our research that took us back to the original regulation Z and in it stated that only the lending party can foreclosure no assignee of contract was permitted, No Trustees.
There is what is termed twin pillars of law. Contract Law and Property Law. This is known to be One of the foundation of law.