Mortgage Loans That Cannot Be Foreclosed - Trusts That Stop Foreclosure
Foreclosure is an “accident” every homeowner can avoid AND repair. Your bank didn’t tell you that your mortgage is already paid in full. Your promissory note was sold before the ink was dry, before you walked out of Closing. Banking laws and rules require that those proceeds pay off the mortgage first, and then a Deed of Trust is conveyed to a custodial trust in your name … with the bank as the trustee. As trustee for your fully paid Deed of Trust, your banker uses it as collateral for other bank loans, making profits for the bank … until YOU have paid for the house with your house payments … with interest … for 30 years, more or less.
House payments are not required. Homeowners are persuaded that the promissory note is an obligation to pay, when, in fact, the promissory note is changed into a security by the bank and becomes the funding that pays for your house... and then some. It's the law ... but VERY few people know that. Just as the Federal Reserve creates money, out of debt, so does a bank in the Federal Reserve System. Your promissory note is identical to the funny money that the US Treasury prints...based on debt.
Banks and financial institutions have certainly been in the news for the past few years, getting bailouts and giving big bonuses to their executives while the economy plunges into a tailspin. Are you ready for a change soon? It's possible for a bank to help you keep what is yours. When you finance or refinance with THIS bank your mortgage will be paid by your promissory note which is normally sold as a security before the ink is dry. You should have no house payments at all, not even one payment, because the sale of your note pays for your house in full.
“How can this be true?” you might wonder. Perhaps this seems to run counter to everything you have learned about banks and banking. When people go to the bank to request a loan, the bank is not allowed to risk lending any funds from its own stock by 12 USC 83 (a)
Banks do not loan or discount on the security of the shares of its own capital stock. They also are not allowed to use deposits. So where does the credit come from to fund your purchase of a house? The credit for your loan is an extension of credit from the sale of the security, your promissory note. You signed the promissory note and by indorsing your note, the bank changed it into a security. Then that securiity can be sold or used as collateral for loans.
"Securitization turns illiquid assets of individual mortgage loans into marketable securities that can be bought, sold, and traded on the secondary markets. Securitization has allowed banks to turn traditionally illiquid claims (overwhelmingly in the form of bank loans) into marketable securities." (Federal Reserve Bank Atlanta) https://www.frbatlanta.org/documents/cenfis/eventscf/IntValverde.pdf
The bank indorsing the note also borrowed against it using that note as collateral (along with an addendum), and the proceeds acquired from that loan are supposed to be used for the benefit of the proceeding borrower, YOU. This is stipulated in your agreement.
"Upon payment in full of all sums secured by this Security Instrument, the promissory note, Lender shall promptly refund to Borrower any Funds held by Lender."
So you borrow from a bank, the bank borrows from the Federal Reserve, and the Federal Reserve borrows from the United States Treasury. Banks cannot lend their own capital but they can effect transactions in a trustee capacity. Assets that were generated by the sale of the security, the promissory note, belong to the borrower / grantor / obligor / trustor / creator of the trust deed investment. That's YOU. The funds are held in a custodial account for you. Why aren’t the funds returned to the YOU, the trustor? No offense intended, but you are considered incompetent... because you don't know how to do such transactions.
"31 CFR 359 (c) Incompetent means an individual who is incapable of handling his or her business affairs because of a legal, mental or medical disability, except that a minor is not an incompetent solely because of age.
"If it is the duty of the fiduciary, the bank, to invest the trust assets for the benefit of the beneficiaries, why are you, the homeowner, expected to make payments? “When a Note and Deed of Trust are created, they become a receivable, or asset, in the hands of the lender. https://www.agentxtra.net/Extranet/singlesource/content/underwriting/CollateralAssignmentof.htm
An asset? A receivable? You thought the promissory note was a debt, right? You thought it would be necessary to fulfill the obligation to repay…but that isn’t really what the note is about. The promissory note can be converted to debt money just like a Federal Reserve Note and it can be bought and sold as though it were an asset.
Assets unclaimed by citizens increase the Federal National debt. Almost all homebuyers think that they owe a debt, but in reality the debt is owed to them. Do your country a favor by redeeming the debt that is owed to you and reduce the debt of the Federal Government
House is NOT the property:
Here is what I think normally happens in the banking system. I've provided authority websites to
support what is stated to help you better understand YOUR trust.
Homeowner goes to THAT Bank to borrow $ 500,000 Banks can NOT lend out of their own capital so they have acquire the funds by virtue of the homeowner signing a note and selling the note (at a discount of
the aggregate amount) to Real Estate Investment Trust (REIT) investors
support what is stated to help you better understand YOUR trust.
Homeowner goes to THAT Bank to borrow $ 500,000 Banks can NOT lend out of their own capital so they have acquire the funds by virtue of the homeowner signing a note and selling the note (at a discount of
the aggregate amount) to Real Estate Investment Trust (REIT) investors
This $500,000 loan X 7% interest X 30 years = 1,197,544.90
THAT Bank uses this note as collateral to borrow (60%) ... $ 718,526.40 from Investor A
$1,197,544.90 X 60% = $718,526.40
THAT Bank subtracts the amount loaned to the homeowner ... $ 500,000
$ 718,526.40 - $500,000 = $218,526
THAT Bank signs ANOTHER NOTE to investor A for $1,720,934.66
$718,526.40 X 7% X 30 years = $ 1,720,934.66
Investor A uses this NOTE as collateral to borrow (60%) $ 1,032,560.80 from investor B
$1,720,934/66 X 60% = $1,032,560.80
Investor A subtracts the loan amount advanced to THAT Bank for $ 718,526.40
$1,032,560.80 - $718,526.40 = $314,033.20
A NEW NOTE is signed from investor A to investor B for $ 2,473,075.00
$1,032,560.80 X 7% X 30 years = $2,473,075.00
Investor B repeats this process and uses THIS note as collateral to borrow from investor C $1,483,845.40 (60%)
$2,473,075.00 X 60% = $1,483,845.40
Investor B subtracts the amount loaned to investor A of $ 1,032,560.80
$ 1,483,845.40 - 1,032,560.80 = 451,284.20
A NEW NOTE is signed from investor B to Investor C for $ $3,553,941.77
1,483,845.40 X 7% X30 years= $3,553,941.77
Investor C does the same with Investor D ... etc... etc...
SO on and so forth ....
For simplicity sake lets stop with 5 investors (homeowner, THAT Bank, Investors A, B, and C
Throughout the time the notes were being sold; the original bank, THAT Bank, is holding over $4M in surplus funds.
Surplus funds from one investor to another total:
$218,526.00 + $314,033.20 + $451,284.20 = $983,843.40
These funds are pooled into an account to trade and pay dividends to REIT investors using Trust Deed Investments.
The homeowner IS the TRUSTOR (owner of the trust) so (s)he is authorized to change the Trustee/Custodial holder (Bank) of the trust funds that the note created. The TRUSTOR ALSO has a right to assign a different beneficiary. The Trustor has a right to claim the estate ONLY when (s)he has a Trust. The Trustee must claim funds held by another trustee, the trustee of the custodial trust, to transfer them to the new Trust. Moneys that are NOT claimed by the TRUSTOR are escheated to the state and held for a period of 1-5 years after which they get transferred to the US Department of Treasury...thereby adding to the National debt.
The note itself reads : "If more than one person signs this note, each person is fully and personally obligated to keep all of the promises made in this note, including the promise to pay the full amount owed. Any person who is a guarantor, surety, or endorser of this note is also obligated to do these things..... "
Notice:
If this statement is in your promissory note then it does have a disclosure statement, and they did inform the homeowner that the last person signing the note was ALSO responsible to pay. The Homeowner is NOT the last person signing the note...... THAT Bank was the last signer when they indorsed your note to borrow from Investor A.
Moneys collected were due to the homeowner !!!
According to 12 CFR a borrower INCLUDES a financial instituion he homeowner might not have understood this NOTICE but it is there!
In addition, the banks canNOT (and do not) accept anything of value:
TRUST IN YOUR DEED(s)
The funds that the note created, as it was sold to several investors, created a TRUST --- YOU (HOMEOWNER) are the OWNER of that trust and without reading the details of the Deed of Trust, you appointed a trustee to take custodianship of those funds...THAT Bank. It's there in that fine print with all the confusing terminology and complex unreadable sentences...but it was there.
A DEED OF TRUST (or a security agreement) has the homeowner's name on it as TRUSTOR or GRANTOR.
The security agreement (deed of trust) actually says:
"Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality...........(including Lender, if Lender is such an institution) …….. Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually ........….. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument."
I interpret this phrase to mean that the borrower/grantor could (and MUST) request and get an annual accounting of trust funds. It also says that the funds are pledged as additional security for the sum due.
"Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender."
This, too, looks like a disclosure statement indicating that the funds were secured when THAT Bank sold the homeowner's note to Investor A. So the $218,526.00 (in the above example) belong to the homeowner.
"This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and renewals, extensions and modifications of the Note"
This instrument NOT the Homeowner, secures the repayment of the Note
INVITATION TO CORRECT::::::::::::::::::::::::::::::::::::::
THIS IS A PUBLIC WEBSITE. IF ANY BANK OFFICER, LENDER, CPA, ATTORNEY, OR OTHER PERSON FINDS THE INFORMATION STATED IN THIS SITE IS IN ERROR PLEASE EMAIL ME WITH ANY CORRECTIONS.
Corrections MUST be based on FACTs, NOT opinions.
As for people reading this website, please feel free to email it to as many people as you can INCLUDING ANY Federal agency, members of congress, even YOUR own bank and ask for the truth..... or at least FACTs.
I believe it is time for Banks to stop the exploitation of people's ignorance and the incorrect educational curricula in the schools. And it is time for people to STOP placing blame for their own deficiencies on Banks, State, Local, and Federal Agencies. Banks are NOT defrauding homeowners...... they are exploiting their ignorance, lack of knowledge, and lack of comprehension...THAT is what defrauds people. Citizens of this great nation [CORPORATE AMERICA] have been mislead to think that the Banks have committed fraud. As you learn the facts behind reality, you might comprehend that the fraud only exists in the minds of people that lack knowledge. If you were told you have money was due back to you -- Would you not try to find out how to get it? Or would you rather argue and sue the people that owed you money for fraud that NEVER occurred?
Be cautious of other websites claiming that Banks defrauded you, that there is no contract, Banks create money out of thin air, and that "Fractional Reserve Bank" rules allow the banks to lend 10 times the amount we loaned them from our signature.
1) The essential elements of a promissory note and a contract are different.
2) The bank does provide full disclosure on ALL documentation although it might be hard for you to understand even if read it.
3) The bank does issue you a loan -- There is no verbal or written agreement that says the bank lends you money, NOT even television commercials state such a claim.... NEVER will a bank admit to lending you money !! THEY ISSUED you a loan.
4) Banks can NOT create money out of thin air. YES The original bank sells the note to private investors and increase the original amount of the loan.
Most importantly before suing or accusing a bank of fraud think about this: many homeowners only wish to get the "home buying process" out of the way. For the most part they never ask any questions, such as:
Where is the loan coming from?
Do you Mr Bank lend me money out of your account ?
Do you actually take a risk by letting me borrow money?
Can the bank lend other peoples reserves?
What is the Deed of Trust ?
If I am the trustor/owner of the Trust can I transfer it later?
How come the note doesn't have MY name printed on it?
These are just some of the questions that are NEVER asked before placing a signature on any document. Therefore how can anyone say the banks lied ? They just didn't see a mandate to tell you what you needed to know. That's what we plan to do here.
Suggestion:
Open your thinking tool box and do NOT rely on third party interpretations. Next time someone states a code, rule, regulation, ask them to provide a link to it or show it in a law book. If they make a statement in reference to the Federal Reserve or the Federal Government ask them to give you a government website to validate their statement.
If you think education is expensive..... try ignorance
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If I am wrong with any of the information stated, please send me an email. This information was obtained through hours of reading and many years of research, but to truly comprehend reality behind facts NOTHING replaces due diligence.
NOTE: The links (words in orange) might not be working but please highlight and paste a small part of that sentence on to a search engine to find results.
Do NOT rely on third party interpretation.
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THAT Bank uses this note as collateral to borrow (60%) ... $ 718,526.40 from Investor A
$1,197,544.90 X 60% = $718,526.40
THAT Bank subtracts the amount loaned to the homeowner ... $ 500,000
$ 718,526.40 - $500,000 = $218,526
THAT Bank signs ANOTHER NOTE to investor A for $1,720,934.66
$718,526.40 X 7% X 30 years = $ 1,720,934.66
Investor A uses this NOTE as collateral to borrow (60%) $ 1,032,560.80 from investor B
$1,720,934/66 X 60% = $1,032,560.80
Investor A subtracts the loan amount advanced to THAT Bank for $ 718,526.40
$1,032,560.80 - $718,526.40 = $314,033.20
A NEW NOTE is signed from investor A to investor B for $ 2,473,075.00
$1,032,560.80 X 7% X 30 years = $2,473,075.00
Investor B repeats this process and uses THIS note as collateral to borrow from investor C $1,483,845.40 (60%)
$2,473,075.00 X 60% = $1,483,845.40
Investor B subtracts the amount loaned to investor A of $ 1,032,560.80
$ 1,483,845.40 - 1,032,560.80 = 451,284.20
A NEW NOTE is signed from investor B to Investor C for $ $3,553,941.77
1,483,845.40 X 7% X30 years= $3,553,941.77
Investor C does the same with Investor D ... etc... etc...
SO on and so forth ....
For simplicity sake lets stop with 5 investors (homeowner, THAT Bank, Investors A, B, and C
Throughout the time the notes were being sold; the original bank, THAT Bank, is holding over $4M in surplus funds.
Surplus funds from one investor to another total:
$218,526.00 + $314,033.20 + $451,284.20 = $983,843.40
These funds are pooled into an account to trade and pay dividends to REIT investors using Trust Deed Investments.
The homeowner IS the TRUSTOR (owner of the trust) so (s)he is authorized to change the Trustee/Custodial holder (Bank) of the trust funds that the note created. The TRUSTOR ALSO has a right to assign a different beneficiary. The Trustor has a right to claim the estate ONLY when (s)he has a Trust. The Trustee must claim funds held by another trustee, the trustee of the custodial trust, to transfer them to the new Trust. Moneys that are NOT claimed by the TRUSTOR are escheated to the state and held for a period of 1-5 years after which they get transferred to the US Department of Treasury...thereby adding to the National debt.
The note itself reads : "If more than one person signs this note, each person is fully and personally obligated to keep all of the promises made in this note, including the promise to pay the full amount owed. Any person who is a guarantor, surety, or endorser of this note is also obligated to do these things..... "
Notice:
If this statement is in your promissory note then it does have a disclosure statement, and they did inform the homeowner that the last person signing the note was ALSO responsible to pay. The Homeowner is NOT the last person signing the note...... THAT Bank was the last signer when they indorsed your note to borrow from Investor A.
Moneys collected were due to the homeowner !!!
According to 12 CFR a borrower INCLUDES a financial instituion he homeowner might not have understood this NOTICE but it is there!
In addition, the banks canNOT (and do not) accept anything of value:
TRUST IN YOUR DEED(s)
The funds that the note created, as it was sold to several investors, created a TRUST --- YOU (HOMEOWNER) are the OWNER of that trust and without reading the details of the Deed of Trust, you appointed a trustee to take custodianship of those funds...THAT Bank. It's there in that fine print with all the confusing terminology and complex unreadable sentences...but it was there.
A DEED OF TRUST (or a security agreement) has the homeowner's name on it as TRUSTOR or GRANTOR.
The security agreement (deed of trust) actually says:
"Funds shall be held in an institution whose deposits are insured by a federal agency, instrumentality...........(including Lender, if Lender is such an institution) …….. Lender shall apply the Funds to pay the Escrow Items. Lender may not charge Borrower for holding and applying the Funds, annually ........….. Lender shall give to Borrower, without charge, an annual accounting of the Funds, showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for all sums secured by this Security Instrument."
I interpret this phrase to mean that the borrower/grantor could (and MUST) request and get an annual accounting of trust funds. It also says that the funds are pledged as additional security for the sum due.
"Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender."
This, too, looks like a disclosure statement indicating that the funds were secured when THAT Bank sold the homeowner's note to Investor A. So the $218,526.00 (in the above example) belong to the homeowner.
"This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and renewals, extensions and modifications of the Note"
This instrument NOT the Homeowner, secures the repayment of the Note
INVITATION TO CORRECT::::::::::::::::::::::::::::::::::::::
THIS IS A PUBLIC WEBSITE. IF ANY BANK OFFICER, LENDER, CPA, ATTORNEY, OR OTHER PERSON FINDS THE INFORMATION STATED IN THIS SITE IS IN ERROR PLEASE EMAIL ME WITH ANY CORRECTIONS.
Corrections MUST be based on FACTs, NOT opinions.
As for people reading this website, please feel free to email it to as many people as you can INCLUDING ANY Federal agency, members of congress, even YOUR own bank and ask for the truth..... or at least FACTs.
I believe it is time for Banks to stop the exploitation of people's ignorance and the incorrect educational curricula in the schools. And it is time for people to STOP placing blame for their own deficiencies on Banks, State, Local, and Federal Agencies. Banks are NOT defrauding homeowners...... they are exploiting their ignorance, lack of knowledge, and lack of comprehension...THAT is what defrauds people. Citizens of this great nation [CORPORATE AMERICA] have been mislead to think that the Banks have committed fraud. As you learn the facts behind reality, you might comprehend that the fraud only exists in the minds of people that lack knowledge. If you were told you have money was due back to you -- Would you not try to find out how to get it? Or would you rather argue and sue the people that owed you money for fraud that NEVER occurred?
Be cautious of other websites claiming that Banks defrauded you, that there is no contract, Banks create money out of thin air, and that "Fractional Reserve Bank" rules allow the banks to lend 10 times the amount we loaned them from our signature.
1) The essential elements of a promissory note and a contract are different.
2) The bank does provide full disclosure on ALL documentation although it might be hard for you to understand even if read it.
3) The bank does issue you a loan -- There is no verbal or written agreement that says the bank lends you money, NOT even television commercials state such a claim.... NEVER will a bank admit to lending you money !! THEY ISSUED you a loan.
4) Banks can NOT create money out of thin air. YES The original bank sells the note to private investors and increase the original amount of the loan.
Most importantly before suing or accusing a bank of fraud think about this: many homeowners only wish to get the "home buying process" out of the way. For the most part they never ask any questions, such as:
Where is the loan coming from?
Do you Mr Bank lend me money out of your account ?
Do you actually take a risk by letting me borrow money?
Can the bank lend other peoples reserves?
What is the Deed of Trust ?
If I am the trustor/owner of the Trust can I transfer it later?
How come the note doesn't have MY name printed on it?
These are just some of the questions that are NEVER asked before placing a signature on any document. Therefore how can anyone say the banks lied ? They just didn't see a mandate to tell you what you needed to know. That's what we plan to do here.
Suggestion:
Open your thinking tool box and do NOT rely on third party interpretations. Next time someone states a code, rule, regulation, ask them to provide a link to it or show it in a law book. If they make a statement in reference to the Federal Reserve or the Federal Government ask them to give you a government website to validate their statement.
If you think education is expensive..... try ignorance
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** *****
If I am wrong with any of the information stated, please send me an email. This information was obtained through hours of reading and many years of research, but to truly comprehend reality behind facts NOTHING replaces due diligence.
NOTE: The links (words in orange) might not be working but please highlight and paste a small part of that sentence on to a search engine to find results.
Do NOT rely on third party interpretation.
***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** ***
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