Wednesday, February 24, 2010
Beware the Home Mortgage Industry.
The bloodsucking Mortgage Industry is not the honest industry that you may take for granted. A lot of of the banks in the Mortgage Industry have been caught red handed making an attempt to exploit their customers while frequently seeking to shift the blame on to the public that have just been pursuing the financial techniques endorsed by our chosen government representatives and their banking corporate masters.
WARNING....Your banker is really NOT your friend!
Everyone informed of current events ought to know by now that the banking industry is about as corrupt as it gets. Headed by the Federal Reserve, a private corporation held by a cabal of grasping money changers, have conveniently bought off your elected representatives to authorize spurious bailouts, and their plan now is to divest you of your property by any method necessary.
One clever method of robbing our capital is their foreclosure fraud. If they had actually lent money for the loan they are foreclosing on, one could very well dispute the justification. But then they in no way lent you a dollar bill! No hard cash ever changed hands, just smoke and mirror entries to their register.
It works In this way. An individual go to the bank pleading for a mortgage for the purchase of a residence and have to jump through hoops and show all manner of intrusive information and facts just to learn if you measure up. Once you are checked out, their fun commences.
Assume you desire to acquire a dwelling for $120,000. The bank is prepared to loan $100,000. In order to ‘fund’ your loan they will charge ~ 3 to 6% of the loan total in absurd expenses. The bank then sets up an escrow account, and at close of escrow, This strategy is what happens:
The bank is granted a lien on the deed to your residence(worth $120,000), your promissory note for $100,000 and up to $6000 in costs. This increases the bank’s funds by $206,000 and that , of course, they can certainly to loan out over again. Then the bank transfers your down payment and $100,000 to the seller, the $100,000 is just an entry in their ledger that just balances their books.
This $100,000 is fabricated out of nothing at all , it is just added to the Federal Reserve’s National Debt that was also created out of thin air, and you and I get to pay the interest on that debt……that’s labeled as the income tax that the IRS manages.
Considering the funds they are lending you was created from your note and never existed aside from an entry on their books, it ultimately just devalues the present U.S. currency.
It’s known as ‘fractional reserve lending’… look it up.
The banking world is now the only game in town and given that they manipulate the money, they generate the rules. They disregard the excessive interest rates that would put to shame a Mafia loan shark and hustle the home finance trade.
Their handling of fractional reserve lending denies their claim that they don’t have funds to lend since that method creates money (debt) from thin air.
The negative news is that with the existing political environment nothing much will change soon.
The nice news is that there are laws and protections for the customer (which normally are forgotten by the banks) that level the playing field, IF and only IF the customer is informed of them. It is nearly impossible for the everyday man or women to be informed of the legal jargon and the labyrinth of laws entailed.
©Homerun Lending, partnered with Elink Equity provides the information and products and services to keep the banks honest from loan origination to closing with complete protection of the customer.
We take care of home loans, loan audits, refinance and foreclosure assistance. . Our commitment is to save you money, time and your property.
In order to secure yourself from the likely traps employed by the Mortgage business, attain this service someplace, if not from us. Your financial security is in jeopardy.
WARNING....Your banker is really NOT your friend!
Everyone informed of current events ought to know by now that the banking industry is about as corrupt as it gets. Headed by the Federal Reserve, a private corporation held by a cabal of grasping money changers, have conveniently bought off your elected representatives to authorize spurious bailouts, and their plan now is to divest you of your property by any method necessary.
One clever method of robbing our capital is their foreclosure fraud. If they had actually lent money for the loan they are foreclosing on, one could very well dispute the justification. But then they in no way lent you a dollar bill! No hard cash ever changed hands, just smoke and mirror entries to their register.
It works In this way. An individual go to the bank pleading for a mortgage for the purchase of a residence and have to jump through hoops and show all manner of intrusive information and facts just to learn if you measure up. Once you are checked out, their fun commences.
Assume you desire to acquire a dwelling for $120,000. The bank is prepared to loan $100,000. In order to ‘fund’ your loan they will charge ~ 3 to 6% of the loan total in absurd expenses. The bank then sets up an escrow account, and at close of escrow, This strategy is what happens:
The bank is granted a lien on the deed to your residence(worth $120,000), your promissory note for $100,000 and up to $6000 in costs. This increases the bank’s funds by $206,000 and that , of course, they can certainly to loan out over again. Then the bank transfers your down payment and $100,000 to the seller, the $100,000 is just an entry in their ledger that just balances their books.
This $100,000 is fabricated out of nothing at all , it is just added to the Federal Reserve’s National Debt that was also created out of thin air, and you and I get to pay the interest on that debt……that’s labeled as the income tax that the IRS manages.
Considering the funds they are lending you was created from your note and never existed aside from an entry on their books, it ultimately just devalues the present U.S. currency.
It’s known as ‘fractional reserve lending’… look it up.
The banking world is now the only game in town and given that they manipulate the money, they generate the rules. They disregard the excessive interest rates that would put to shame a Mafia loan shark and hustle the home finance trade.
Their handling of fractional reserve lending denies their claim that they don’t have funds to lend since that method creates money (debt) from thin air.
The negative news is that with the existing political environment nothing much will change soon.
The nice news is that there are laws and protections for the customer (which normally are forgotten by the banks) that level the playing field, IF and only IF the customer is informed of them. It is nearly impossible for the everyday man or women to be informed of the legal jargon and the labyrinth of laws entailed.
©Homerun Lending, partnered with Elink Equity provides the information and products and services to keep the banks honest from loan origination to closing with complete protection of the customer.
We take care of home loans, loan audits, refinance and foreclosure assistance. . Our commitment is to save you money, time and your property.
In order to secure yourself from the likely traps employed by the Mortgage business, attain this service someplace, if not from us. Your financial security is in jeopardy.
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