Fight Foreclosure: Make ‘Em Produce The Note!
November 19, 2009
consumerwarningnet asked:
One of the last ways you can fight foreclosure is to make them produce the note. In many cases the note is sitting in a warehouse somewhere and nobody knows or cares where it is.
25 Comments
by immafreemann on November 21, 2009 at 8:33 am
The promissory Note is a check your lender deposited into an account (without giving you the required deposit slip) and paid the seller from the funds the lender ‘created’ . The lender did NOT ‘loan’ you any money. I have proof. Twice I’ve sent documents to the Banks and twice they have defaulted on rebutting this truth. See: scribd(dot)com/AndyJackson -to see the foreclosure paperwork anyone can file and have a lawful excuse to never pay the bank another dime.
by moniequa on November 22, 2009 at 5:40 pm
Nothing is done to us without our help. Banks’ main business is lend us money so they could make interest, if we’re stupid enough to take giant loans to support our own reckless spending habit than who’s fault is that? Banks cannot force us to borrow, we went to them, in fact most of us of lied on our applications to obtain the loans. Lets face it, we have no one to blame but ourselves.
by moniequa on November 26, 2009 at 3:05 am
I already studied Macroeconomics, we also helped them ***** us.
by squirleboy on November 26, 2009 at 1:24 pm
Study macro ecconomics of the us dolllar and you will see that the biggest theft of all time is taking place daily under your nose. The federal reserve bank steels money every time it prints more, borrows more. Think about it do you remember the day you saw the 200,000 that you borrowed for your house? I dont , in fact I never saw a dime tranfer to the people who bought the housethink about it, they uset the money I gave them to pay back the loan they owed on the house no body saw the money?
by squirleboy on November 27, 2009 at 2:52 am
i dont think that you can say your steeling from the bank when in effect the bank is steeling your money every day. You put your money in the bank, and ever day it is worth less not more. The real value of money is decreesed each and every time they print another dollar. They simply fabricate money out of thin air, then borrow it to you with interest. If you get you house back free and clear then your basicly not allowing them to steel it from you in the first place.
by AceOfHeart2012 on November 30, 2009 at 10:26 am
Hey I did that. I was one of the pioneers in the “produce the note” technology and the judge (bench pirate a.k.a. reptilian Saturn worshipping lawyer in a black dress) kept saying: “Duly noted.” *******! I didn’t abandon my home. I was forcibly extracted on June 28, 2007 when a 30 man SWAT team from the local Gestap, I mean, Sheriff’s Department broke in and hauled me out in shackles. Anyone know how to get one’s house back after it’s been seized?
by UcantHandleMyTruth on December 2, 2009 at 9:45 pm
No, in many cases they do NOT have it. The note has been sold, bought by another bank, packaged, bundled, resold, the bank gets swallowed up by another (EMC, Bear Stearns, Countrywide anyone?!?) then ends up with another bank or servicer… the note could be anywhere!
All while these institutions claim to be helping?
That’s the POINT… there is no ‘ripoff’ here, just a good tip for those getting bent over by these failed banks that made loans they never should have in the first place.
by lawwrks on December 4, 2009 at 5:03 pm
Just give them a call and cry, tell them you want to save your home. Then your moved to Foreclosure. Its as simple as that.
by jarden69 on December 5, 2009 at 11:58 pm
Because the investment (speculation actually) has turned out so bad that there is just no use in hanging on. The house is down 60% from what I bought it at, and the rent never covered the mortgage since day 1. I have just been hemmoraging money for four years, and I stopped paying the mortgage 6 months ago. It’s time to move on but they won’t take action and foreclose.
by foreclosureauditors8 on December 9, 2009 at 11:35 am
why do you want them to foreclose on you?
by foreclosureauditors8 on December 11, 2009 at 7:31 am
why do you want them to foreclose on you?
by remydroppclutz on December 13, 2009 at 2:45 pm
They have it. It’s in a warehouse they do have it however. The deed in the courthouse is really all that is needed. Don’t listen to this guy he is a ripoff.
by randy39871 on December 16, 2009 at 8:17 pm
UniversalRescue (dot) com can help you if you are facing foreclosure.
by jarden69 on December 17, 2009 at 11:38 pm
HOW can I get my bank to Foreclose on me?
I WANT them to Foreclose but cannot get them to.
Any thoughts?
by PreCurSeD on December 19, 2009 at 8:06 pm
the stupid fucks can wake up all they want but its too fucking late now
by PreCurSeD on December 21, 2009 at 3:29 pm
“If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson
The American people forgot to regulate their government
now look
by zombiespooner67 on December 23, 2009 at 4:17 pm
What happened to my Country?
by jandean61 on December 24, 2009 at 9:18 pm
“bad deal” I dont think so. Investors are making profit as we speak or watch this damn video.
by lowelisamarie on December 28, 2009 at 7:58 am
What? I know I didn’t get the Last Word in on Moniequa!
by moniequa on December 28, 2009 at 5:39 pm
Yes, I agree, not all foreclosures are the same but if GM or Chrysler workers were to borrow and spend responsibly I still think they can keep their homes. They can use their unemployment money and their working spouses’ incomes to pay their mortgages. People get into trouble when they spend every dam of their incomes to pay the mortgages and the minute they get laid off, they lose their homes. That is why it is very important to borrow sensibly. I don’t know what else to say.
by warp13 on December 30, 2009 at 10:07 pm
moni-I saw the same thing and I resented it too, however, I can’t see putting everyone who is going into foreclosure into one group. It just doesn’t work that way, there are many different situations. I never thought I’d see GM and Chrysler go bankrupt in my life time, not that I support the direction that they embraced, I was a big EV-1 fan, and both these companies could have developed alternative fuel vehicles, but closing dealerships and plants in this case results in more foreclosures.
by warp13 on December 31, 2009 at 9:10 am
jskaggs-I agree, what I found very interesting about TARP was “Hank Paulsen former Goldman Sachs, helping Goldman Sachs. Not too shabby. It was the Wall Street shark dishing out the cash to his fellows sharks. What is also very upsetting is the cost to produce the 700 billion, that we are going to have to pay the Federal Reserve as interest on the loan to issue that currency. We’ve BEEN robbed by the greed that is prevalent in our Government ,banking community and major corporations.
by jskaggs2008 on January 1, 2010 at 8:48 am
Wall Street should go down too. I, as well as most Americans didn’t want TARP. But Congress has it’s own agenda. They are traitors. It’s not fair the taxpayers were robbed by the insurance companies and banks.
by moniequa on January 3, 2010 at 5:23 am
That is the more reason not to buy a house when you don’t have any money. When I was looking for a house during the bubble, which I’m glad I didn’t buy one, all I could see were poor people who got these big jumbo loans bidding and competing against me. Now I’m glad they’re being foreclosed. Next unemployment and inflation keep on spending.
by warp13 on January 4, 2010 at 8:07 pm
I think you just contradicted yourself, but that’s an observation. Just to note, JP Morgan can have to government write them a check for $25 billion, why is that OK? They are refusing to use that money for its intended purpose, how is that OK? Like I have posted in other comments, its not a hand out, it’s a hand up. Even with a fixed mortgage, you can still pay more, local taxes have been increasing due to the budget strains brought on by the economic situation.