Mortgage Elimination Programs

[Truth-Bringer]

Originally Posted by B Rookard

The absurdity of trying to get something for nothing should be apparent ...

Actually, it's the bankers who are getting something for nothing. And they've duped you, and the vast majority of people, very well.

You go in and offer someone a cool $1,000,000 for a mansion. You get someone to give you a loan for the full amount with no money down.

You then walk in the door of the new house, and promptly proclaim that you will never pay off the loan, and you never pay the lender a dime.

What sort of legal system would *ever* endorse what you just did?

Forget the legal side of it ... what *moral* justification is there for what you just did? ... You have none.

Well you do if the bank lied.

Here's what actually happens.

You go in and offer someone a cool $1,000,000 for a mansion. You go to the bank to give you a loan for the full amount. Mr. Banker then throws up some smoke and mirrors "Oh let's see if you qualify, blah, blah, blah. We've got to protect ourselves from this risk, blah, blah, blah." (Actually, the loan agent has no clue, so he or she believes the smoke and mirrors as if they're the gospel truth.)

Then what the bank does behind your back is, they go through the Fed and simply have new money printed to cover the "loan." And yet tell you they just loaned you their own money and must have collateral in case you don't pay. Now is that moral or ethical? Hardly.

Does the bank really lose anything if you don't repay? No. Because the money was printed out of thin air.

And no contract is valid without full disclosure.

[phreeman2003]

might it actually be created against the person's treasury account? Has anyone ever been able to acquire the books showing the initial accounting of their transaction?

[Shoonra]

I'll tell you what ... lend me $100,000 ... and let me pull some legal theory out of my a*s and give you a piece of paper claiming that I have no legal obligation to pay you back. We'll see how quickly you proceed to tell me I'm full of sh*t and you proceed to take me to court to get justice.

Right on! People who have tried these stunts to avoid paying off their mortgage have lost their homes, and sometimes worse.

Instances in which a bank was willing to give away a $100K home without a fight to someone using this mumbo-jumbo: zero. Instances in which the mumbo-jumbo succeeded: zero. Anyone notice a pattern here?

[David Merrill]

Right Shoonra;


The process is flawless. Your take is due to an attorner interpretation of both Trebil**** v. Wilson and public policy of HJR 192.

The root of the process is that three days after tendering the bond, the letter of credit the homeowner owns the property. Period. It has been paid off. It does not matter whether the "lender" tendered it for setoff with the Treasury. That is their choice.

If they call for a foreclosure hearing challenge jurisdiction and call a common law forum. The corporation cannot appear and they default. None of the hearings last more than four or five minutes.

Attached is a letter of credit from the author of the process tendered discharging a hospital bill for his wife. However, direct novation is much simpler. Mostly because when I offered a Comptroller Warrant they declined.

http://Friends-n-Family-Research.inf...ovation_ER.jpg


Regards,

David Merrill.

[weishaupt1776]

Generally, one should NOT go through a 3rd party to have them "do it for you"

One should get all of the study materials necessary to do battle themselves

Overall, I don't recommend it, but if one doesn't stand for something, they fall for anything

[David Merrill]

Most people who discharge the mortgage, that I know of only do so because they would otherwise lose their home.

[quasimodo]

Originally Posted by andrewmitch

Is this stuff a lot of bunk or what?

I mean, the costs are pretty reasonable given how much you would save so it could be a decent gamble (ie gamble $200 to win $300,000) but my bigger concern is it can get you into trouble (ie legal action or the mortgage company calling in your loan and perhaps getting put on some black list for banks)...Anyone have any success or failure stories?

http://southflorida.bizjournals.com/...8/daily20.html
http://www.hud.gov/offices/hsg/sfh/buying/loanfraud.cfm
http://realtytimes.com/rtcpages/2002...stalliance.htm
http://www.reuters.com/article/ousiv...30024220070821
http://www.americanchronicle.com/art...rticleID=18636

Links found in left hand column at;
http://www.endlessfrauddetection.com/

[macerico]

There have been "debt elimination" programs. I've heard mixed results. Some seem to be legitimate.

The idea is fundamentally this.

ALL CREDIT IS FRAUD WHICH YOU ARE DUPED INTO PARTICIPATING IN.

If I lend you $100 of my money, I am entitled to be repaid with interest.

If I can make $100 appear out of thin air at whim, I am not entitled to anything as I put nothing as risk.

Nobody has the legal power to make something out of nothing. However, our entire monetary system now operates on this reality in practice.

A bank/lender always wants to argue the contract. They never want to document where the "money" came from.

This is what happens any time you are extended "credit" but it's particularly accurate with bank loans.

1. They take your mortgage agreement WHICH IS WORTH NOTHING.

2. They open an account IN YOUR NAME and record it as a DEPOSIT into the bank's coffers for the amount on the face of the loan agreement.

3. They then give to you the "funds" they just created from nothing in YOUR name. They let you withdraw the money you supposedly just deposited with them.

At no time does the bank transfer their assets into your account. At no time does the bank hand over to you their money. Since most everything happens on a ledger, it is irrelevant if there is actual FRNs in the drawer to let you walk out with what you supposedly borrowed. If you wanted cash, they'd phone the local FRB and have a shipment brought in.

This is all fraud. Every time it is exposed in court, the bank looses. This is why they never want to debate the paper trial. Nobody has the right to make something out of nothing, so this is how you supposedly win and get to keep your stuff....the bank broke the law, the bank cannot prosper.

It's not simple to confront the bank on their fraud, that is why there are services that will educate you on the whole deal and help you confront your creditors step by step. You gotta do it correctly.

Ethically, you can only employ the tactic once because up to the time you learn the dirty truth, you have clean hands in this matter. Once you know better, any credit you choose to avail yourself of is now done with the knowledge that it is an act of fraud, and you have unclean hands.

I checked into this a couple years back, but I put the idea on the shelf until later. You most certainly need to be careful about who you go with if you do this. I'm sure there are charlatans as well as legitimate people out there.

[Rlynne]

What's the saying, "pick fights only with those you know you can beat."

I've known about mortgage elimination programs since 2005 but they have been around alot longer. I remember large conferences held on this topic by groups who said they had legal teams that was undefeated in this process. It sounded so simple and easy since their legal teams would handle everything.

The seminars had a ooohhh ahhhhh jovial atmosphere and folks giving testimonials on how successful the program was for them.

There were people who were buying several homes at once so they could do mortgage elimination on them together.

The few people that successfully did the mortgage elimination was those who did so almost a decade earlier. I liken the banks to the Borg, they adapt so as to not lose that battle again.

Many folks learned the hard way when banks accused them of committing the crime of fraud.

Quite a few people had to handle this mess all by themselves because those so-called legal teams didn't exist or was busy trying to stay on the ground themselves.

Hey I don't want to discourage you but you need to heed the advice of learning to fight for yourself.

[Freedomless]

Mortgage Alternative took millions of dollars with the promise that their program was perfected. That was in 2003.

Gran Teasley, the owner of the company told everyone that he would do everything he could to finalize the program, even if it took 5 years or more - that was in the beginning of 2006.

Just recently an email was sent informing everyone that Mortgage Alternative was closing down. People have requested that their paper work be returned. The reply was that the paper work was destroyed. There are those who believe that the paper work was monetized.

I hope this was not the case.

An investigation has been started to find out what has happened to the paper work.

There are States that do not allow anyone to take money for work not preformed.