A National Debt Is a Trick Bookkeeping Entry

12-Year Old Child Reveals One of the Best Kept Secrets in the World

What Is A Promissory Note

Promissory Note Primer - Anglo Not Our Debt

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National Mortgage Settlement Dual -Tracking

National Mortgage Settlement Dual -Tracking | Foreclosure Fraud after applying for a Mortgage Loan Modification

National Mortgage Settlement Monitor Joseph Smith, the watchdog overseeing the multi-state mortgage robo-signing settlement, are weighing further restrictions on so-called dual-tracking, in which banks continue Foreclosures after borrowers apply for Loan Modifications

State and federal regulators are weighing whether to impose additional restrictions on the mortgage practices of five of the nation’s largest banks after numerous complaints of harm to borrowers.

A group of state attorneys general and the U.S. Department of Housing and Urban Development have had advanced discussions with at least two big banks about further restricting so-called dual-tracking, officials said -- the process of simultaneously pursuing home seizures while considering borrowers’ applications for alternatives such as loan modifications.

The discussions are the result of complaints related to provisions in last year’s multi-state mortgage robo-signing settlement between dozens of government agencies and Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial (formerly known as GMAC). The settlement has delivered tens of billions of dollars in mortgage aid to distressed borrowers, and had promised to reform how companies treat homeowners and pursue foreclosures.

While the companies have made broad strides in reforming servicing practices, officials said, much more improvement is needed.

Officials said they are considering changing current policy by agreeing with banks to halt foreclosure proceedings when borrowers first apply for loan modifications and provide basic information. Today, banks halt the process of repossessing a borrower’s property once banks deem the applications complete, a process that can take months. During that time, foreclosure proceedings generally continue.

Talks are fluid and the legal language that would accompany a change is still being sorted out, officials said.

But the change, if implemented, may further reshape how mortgage companies interact with distressed borrowers. For years, officials and borrower advocates have complained that the largest banks frequently string borrowers along for months by repeatedly requesting documents -- often the same batch of records -- before determining that the application is complete and evaluating them for modified loans. During this time, late fees and other charges rack up, ballooning the total amount owed, making a modification more difficult to achieve and pushing troubled borrowers into foreclosure.

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NY Attorney General to Sue Wells Fargo And Bank of America - Mortgage Fo...

Attorney General to Sue Wells Fargo And Bank of America - Mortgage Foreclosure Fraud

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Buying With A Mortgage From A Bank | Cancel My Mortgage Foreclosure

Foreclosure Homes - No Good Deal When Buying With A Mortgage From A Bank | Cancel My Mortgage Foreclosure

REO or bank foreclosure homes seem to be a great bargain, but may not be as good as they seem on the surface. These homes have set empty for long lengths of time and have deteriorated greatly. The plumbing has been lacking of water and have dried and possibly cracked and the electric wire without electricity may have been gnawed by rats and other rodents. If this is the case, you would have to spend thousands of dollars repairing your foreclosure homes and may not be able to get title insurance as the banks have wrongfully foreclosed. Do you really want these problems?

1. What is title insurance and why do I need it when I buy foreclosure homes?
2. How does a house deteriorate when sitting empty?
3. Buying foreclosure homes with a mortgage may be the only way to home ownership.
4. Why does Title Insurance exist?

Title insurance is the same as indemnity insurance against financial loss from defects in title to real property and from the enforcement of liens that exist against the property. Title Insurance also covers the loss of an interest in a property due to legal defects and that is required if the property is under a mortgage. Most title insurance is lender's title insurance, which is paid for by the borrower, but protects only the lender. The fact that a policy was issued reveals that a title search has been completed. Title searches are not infallible and are always fraudulent, because the warranty deed is never completed and claimed unless a land patent takes place. You need title insurance to protect your interest.

All houses deteriorate when sitting empty. Wood rot by rain and water at the bottom of doors or other entry ways to house where water sits against the foundation or wood is the main way of deterioration on the outside. The inside deterioration cannot be seen unless there is mold growing. The plumbing fixtures stay dry and can cause leaks when water is finally turned on. The rodents can gain access to the interior and chew on the electrical wires and without electricity being on, they can have a feast on the wire coating, especially in cold months. The foundation can dry out by non-use and crack under the carpet, tile, or wood. These are the main causes of deterioration when a house sets vacant.

Buying foreclosure homes with a mortgage may be the only way to home ownership. The bank REO or foreclosure homes are mostly in need or repair and are sold at fair market value based on a bank appraisal. Most of the time you can buy a home with less problems at the same price, but the banks lead people to believe that their REO foreclosure homes are cheaper and better value in order for the bank to make more money. Most of the time, the bank will loan you the money, but you cannot get title insurance due to wrongful foreclosure where the bank steals the property from the previous owners in a court foreclosure law suit.

Most home owners do not have the money to fight this wrongful foreclosure and 99% just give up and move and let the banks steal their property.

Title insurance exists, because the way the land records laws are structured. The transfer deed is recorded in the county where the land is located. Title search is completed on public records and insures the lender. The title insurance policies are fairly uniform in every State. Only a Grant Deed under a Land Patent guarantees private property rights and ownership in land and property.

As mentioned in this article, foreclosure homes are not such a great deal after all due to repairs and title problems. There is a company that can help you get a free and clear mortgage. More than 300 homeowners and commercial property owners have been helped.

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Florida National Mortgage Settlement checks

Mortgage Settlement checks going out to more than 72,000 foreclosed Floridians

This Mortgage Settlement will provide substantial relief to struggling Florida homeowners, and ensures that the state gets its fair share of the relief being provided nationally.

More than 72,000 eligible Floridians who lost their homes to foreclosure from 2008 to 2011 will receive $1,480 from the landmark mortgage settlement involving the nation's five largest mortgage lenders, Florida Attorney General Pam Bondi announced.

The first of the checks will be sent Monday.

To qualify, homeowners had to lose their homes to foreclosure during the three years covered and had to have suffered foreclosure abuses, such as lenders providing false affidavits or robo-signed documents. The borrowers also had to have mortgages serviced by the five settling lenders — Ally/GMAC, Bank of America, Citi, JPMorgan Chase or Wells Fargo.

The payouts are part of the $26 billion settlement reached last year by the lenders, 49 state attorneys general and the federal government.

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Robo Signing Mortgage Settlement Foreclosure Fraud

Rhode Island Robo Signing Mortgage Settlement Foreclosure Fraud
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Wells Fargo Bank Mortgage Foreclosure Fraud

Wells Fargo Foreclosed a Home in Florida, Homeowner was never late with paying his mortgage.

Fight Against Illegal Foreclosure Using Home Mortgage, Promissory Note, and Illegal Bank Securitization In and Out Of Foreclosure.

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Mortgage Settlement Is Not The Same As Mortgage Foreclosure Settlement

As you can now see, a Mortgage settlement is not the same as mortgage foreclosure settlement. There are great differences.

A simple mortgage settlement is where you get either your interest rate and/or your principal reduced by a government program. A mortgage foreclosure settlement is when you prove the bank's fraud in court and you settle for a reduced payment, reduced interest rate, and/or a principal reduction, because you think or your attorney has advised you to take what is offered to you by the bank. Your unknowledgeable attorney may not know that you can get your whole mortgage and note release that grants you your home or commercial property free and clear.

Why is there a difference in attorneys for a foreclosure settlement?
Is the regular mortgage settlement the same as a loan modification?
How can I get a true mortgage settlement whether I am in foreclosure or not?

The difference is that your attorney in a mortgage foreclosure settlement may not know the U.C.C or State laws; lacks the proper, factual evidence required; or does not know how or what to argue in front of the judge to obtain the release or cancellation of your mortgage contract and note. Also an attorney is an officer of the court, just like a judge is and both work for the banks' bankruptcy of the United States corporation. Their oaths of office proves this fact. The attorneys are afraid of the judges, because the judge can have the attorney disbarred from the State bar corporation and could no longer practice law. Also, no plaintiff's bank, investor, lender, or trustee attorney can admit evidence into the court once the foreclosure law suit has been filed within 15 days of the first hearing. He is either an attorney or a witness and CANNOT be both under court ruling. Under Article XI of the Constitution FOR the united States of America, the Attorneys are considered FOREIGN AGENTS under the FOREIGN AGENTS REGISTRATION ACT (FARA) and are SUBJECTS of the BAR ASSOCIATION Corporation.

Yes! The regular mortgage settlement is the same thing as a loan modification from a bank, your servicer, who does not have the proper or lawful authority to grant you a mod as in 99.9% of all government programs out there. Also the 49 States attorneys general made it so that they gave the banks a license to steal your home built right into the $29 million dollar settlement that was supposed to help us homeowners, but does not. This is why the government and others are suing the 5 major banks that you read about.

You can get a true mortgage settlement whether you are in foreclosure or not.
Even if you have been already foreclosed and the bank has stolen your property through wrongful foreclosure, by gathering proper evidence that proves the laws being broken and the fraud by the unethical and dirty banks. This should start with an administrative process to exhaust administrative remedies under the four corners of court pleading and the clean hands theory of law. Secondly, you should get a securitization audit that proves the intent of the banks to break the law through improper bank securitization and broken chains of title. A good fraud audit is also helpful, because the fraud audit states the specific State law that has been broken and the fraud that has been presented into the court by the dirty banks. Most home owners want to pay off your mortgage, but your mortgage has already been paid off several times without your knowledge. This evidence can prove this fact. You must use all the evidence that you can get, but make sure that the evidence is fact and will hold up in court and your attorney knows the law and is not afraid to argue your case in front of the judge.

As mentioned in this article, you should have the proper evidence and now there is a company that gives you the evidence you need to win against the banks to get your home or property mortgage and note free. This company has now helped more than 300 homeowners and commercial property owners and may can help you too.

This Mortgage lien release and removal company provides the proper, factual evidence with an expert witness, if needed, and fraud audit that proves bank fraud that helps home owners and commercial property owners in every State fight the bank to win, almost always resulting in a mortgage lien release and loan removal to stop foreclosure fast. To learn how we can help you win against the dirty foreclosing banks, Contact Us or Call 850-826-1662 for a FREE Mortgage Removal Consultation.

What Is Foreclosure And Can I Get A Mortgage After Foreclosure?

Getting a mortgage after foreclosure depends on several factors.

What is Foreclosure? A mortgage foreclosure is where a homeowner or commercial property owner is deprived of the right to redeem his or her property after being unable to make principal and/or interest payments on his or her mortgage or otherwise fails to fulfill any of the obligations set forth in the mortgage agreement. The lender or bank can enforces its rights through a foreclosure. In this way the lender, be it a bank, Home Owner Association, or building society, can seize and sell the mortgaged property as stipulated in the terms of the mortgage contract using the procees of the sale to repay debt. The foreclosure action is the actual filing of and carrying through of the foreclosure process.

Getting a mortgage after foreclosure depends on several factors. Some of these are:

1. Length of time after foreclosure to get another mortgage after foreclosure.

2. Your credit rating would effect a mortgage after foreclosure.

3. The amount of your down payment for a mortgage after foreclosure must be at least 20% to 30%

4. Your ability to repay the mortgage loan or financial stability

The length of time after foreclosure to get another mortgage after foreclosure is usually about 7 to 8 years before you can buy another home. This is, because the foreclosure and bad credit entries stay on your credit reports for the full 7 or 8 years. Foreclosure is far worse than bankruptcy, because after 2 years of good credit after a bankruptcy, you would be able to buy a home again.

Your credit rating would affect a mortgage after foreclosure and must be over 700 in order to get a credit card or a mortgage. 800 plus would be ideal. With this kind of credit rating, you may still have to have 20% to 30% down payment to purchase a home with a mortgage, because of your past foreclosure or short sale which is the same thing. You defaulted on your payments, or did you? You really paid for your mortgage at you're closing with your signature and good credit rating. When your lender sold your mortgage and note at the second lender closing into a trust, your loan was paid for again with an allonge that was stamped on your note.

Allonge is a separate document or stamp used to demonstrate transfer of ownership of promissory notes, by endorsement. As per your note, any endorser is responsible for repayment of the alleged loan.

As stated, the amount of your down payment for a mortgage after foreclosure must be at least 20% to 30% to show the bank that you are serious about making your monthly payments. But things could and would possibly change if you were to loose your job, fall ill, or die. This would hinder your ability to pay and would result in another foreclosure.

Your ability to repay another mortgage after foreclosure depends on your financial stability. If you are an older person, your financial stability would not be considered very good by the banks or lenders of a mortgage loan.

As you can see, when the lender sold your note and mortgage contract, our loan was paid in full and foreclosure was wrongful and you should not be in a predicament of getting another mortgage after foreclosure.

What is a foreclosure? This occurs when a bank robs your home or property by claiming that you are behind on your payments as promised by your note and mortgage. Obtaining a mortgage after foreclosure is very hard. This is why you must fight to keep your home from wrongful foreclosure.

There is a company that provides the proper evidence with an expert witness if needed that helps home owners and commercial property owners in every State fight the bank foreclosure to almost always win, resulting in a mortgage lien release and loan removal to stop foreclosure fast.

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Mortgage Settlement Checks - Mortgage Debt Payments

Mortgage Settlement Checks

There are two kinds of mortgage settlement checks that you can pay off your home or commercial mortgage debt besides the bank check, cash, money, or federal reserve note that your banks asks for.

Most people and the bank employees think that you need money to pay off your mortgage whether it be on your home or commercial property, but the international, corporate banks' CFO knows that this is simply not true. You can pay the bank mortgage loan debt in full in two other ways due to the debt law past in 1933 by then President T. Roosevelt. These are:

1. The International Bill of Exchange, IBE, used as a mortgage settlement check, but sometimes not accepted by your bank, servicer, lender, trustee, or investor, but are legal and binding.

2. The International Promissory Note, IPN, also used as a mortgage settlement check, which are legal tender under the United Nations, UCC, and United States law.

3. Where can you get the mortgage settlement checks known as the International Promissory Note to settle a commercial property or home mortgage debt.

The International Bill of Exchange is used mostly outside the United States of America, but do fall under the United Nations as a mortgage settlement check to pay off any mortgage debt within the United States according to Federal Laws, but let us concentrate on the International Promissory Note that has the same force as a Federal Reserve Note that you carry around in your purse or wallet representing money, but is nothing more than a debt instrument. It also has the same affect as a Bank check, cashier check, money order, or money.

The International Promissory Note, IPN, for mortgage debt payments, is also known as a Banker Acceptance Note, and is the same method of payment as the Federal Reserve Note in that, "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE" authorized by the UNITED NATIONS, (UNCITRAL Convention), Federal Government, UCC, United States Laws, and World Law. The IPN is not just a promissory note that some banks may not accept where you list the U S Treasury Head as the payer of your debt. You as a Private Banker, Financial Institution, and Financial Agency under 31 U.S.C. § 5312 can use the IPN as legal tender as a mortgage settlement check to pay off your home mortgage lien or commercial lien for mortgage debt payments in full? The International Promissory Note is drawn in particular to the United Nations (UNCITRAL) Convention on International Bills of Exchange and International Promissory Notes, Articles 2-10, 12, 13, 36, 39, 46, 47, and 55. The IPN constitutes Makers (YOU) UNCONDITIONAL PROMISE to pay ON DEMAND / AT SIGHT. This Instrument is redeemable in lawful currency of exchange in accordance with 12 U.S.C. § 411.

Under (U.C.C. § 3-311) F.S § 673.3111, The IPN Instrument can be tendered in full satisfaction of the claim regarding the alleged mortgage debt payments. The BANKER'S ACCEPTANCE Note, IPN, presented by you for a special deposit is a statutory legal tender obligation of THE UNITED STATES and is in accordance with "Public Policy" established in HJR-192 of June 5, 1933, Chapter 48, 48 Stat. 112-113, Public Law 73-10, US Supreme Court case Guaranty Trust Company of New York vs. Henwood et al., 307 U.S. 247 (FN3), 31 U.S.C. § 5118 (d) (2) and in accordance with 31 U.S.C. § 5103 and 18 USC § 8, such instruments are "national bank currency" and thereby 'coin or currency of the United States' by statutory definition. If a bank refuses a properly rendered instrument, IPN, the debt is discharged pursuant to (U.C.C. § 3-603(b)), F.S. §673.6031 and all other State's debt discharge statutes.

You can get the mortgage settlement checks known as the International Promissory Note to settle your commercial property or home mortgage debt payments below. The IPN is different from the Promissory Note or Bill of Exchange in that the IPN is accepted by the bank CFO as the legal tender that it truly is since 1933.

Along with the IPN for a mortgage settlement check to pay off any commercial property or home mortgage debt, this company gives you the UCC1 and UCC3, Affidavit with vital statutes and laws, and the IPN in a check form on security check paper so there is no mistake that it is legal tender of payment in full of your mortgage debt.

This is the same mortgage lien release company that has helped over 200 homeowners and commercial property owners get their home and properties free and clear of the mortgage lien debt under mortgage foreclosure fraud. They can be found at www.1RealEstateHomes.com when you are ready to pay off the dirty banks and have no more mortgage to contend with!

Monitor Checking Into Violations of Banks National Mortgage Settlement

National Mortgage Settlement Monitor Checking Into Violations of Banks

Give Us a call Today at 850-826-1662 and Learn How to Get rid of your Home Mortgage

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Home Foreclosure of a Second Mortgage

Home foreclosure of a first or second mortgage almost always contain fraud under Federal Uniform Commercial Code of law and State statutes.

If you have a first or second mortgage on your home or commercial property? It could be foreclosed on if you are behind on payments. Did you know that your second mortgage could face home foreclosure or commercial property foreclosure also without the first mortgage being foreclosed on? This could happen very easily if you get behind on your second mortgage loan payments on the same property.

1. What is a Second Mortgage?

2. Is a HELOC considered a second mortgage?

3. Can a second mortgage be in home foreclosure?

4. Can a second mortgage lien be released along with the first mortgage in court?

5. What actions should I take to save my home or commercial property?

A second mortgage is a subordinate mortgage secured loan recorded on real property after the first mortgage that allows the homeowner to use their home equity to generate need cash. A second mortgage is usually kept in-house, meaning that the lender does not sell them into the secondary market as they do the first mortgage. Also, the interest rate charged for the second mortgage is a lot higher and the amount borrowed is lower than for the first mortgage amount. Second mortgages can take many forms and designs.

A Home Equity Lines of Credit (HELOC) is a particular form of a Second Mortgage and usually an interest only loan. In an interest only loan the borrower pays only the interest, leaving the entire amount of the principal owed. The interest rate can reach up to a 14% rate making this second mortgage loan very costly. A HELOC can be paid off many times to a zero balance and the home owner can borrow against the HELOC until he/she/they decide to eliminate the loan and discharge the lien when a zero balance occurs. The HELOC only lasts a year or two years in duration with most Lenders.

A second mortgage can and have been in home foreclosure. This home foreclosure of a second mortgage occurs when a borrower falls behind on payments. When this happens the lender can foreclosure and get the property or home much cheaper and should wipe out the first mortgage, but in many cased, the first mortgage lender can come after you for the first mortgage amount owed. It is best not to fall behind on any mortgage loan.

The second mortgage lien can be released along with the first mortgage lien in court by what is called a quiet title law suit where the home owner sues the lenders, bank servicer, investor, trust, trustee, and all other entity that claims to hold an interest in the home or property. In your county circuit court, the judge hears all the evidence and decides whether he or she wants to sign a final order to release the mortgage lien(s). After the judge signs the mortgage lien release order, it is recorded and the homeowner has no more mortgage or foreclosure pending. This final order is also sent to the 4 major credit bureaus and all the foreclosure and mortgage information is erased from your credit reports permanently. Before a home owner can do a quiet title law suit, permissible evidence must be gathered.

The actions you must take to save your home or commercial property is to make sure you have the proper and legal evidence against the lender and banks. This evidence includes:

(1) an administrative process that proves that the servicing bank does have the original note and mortgage and that they are only a third party debt collector under State and Federal laws;

(2) a securitization audit/analysis that proves the fraud committed, the separation of the note and mortgage, the improper chain of title where the lender and banks do not follow their own rules and regulations in their own Pooling and Servicing Agreement, PSA; and

(3) a quite title law suit with a knowledgeable attorney in bank securitization and UCC laws. With these three steps completed, the home owner or commercial property owner should be mortgage lien free with no more first or second mortgage lien.

Home foreclosure of a first or second mortgage almost always contain fraud under Federal Uniform Commercial Code of law and State statutes.

There is a web site that provides the proper evidence with an expert witness and helps home owners and commercial property owners in every State fight the bank foreclosure and win your quiet title law suit almost always, resulting in a first or second mortgage lien release and loan removal and stop home foreclosure on the average of 7 months. To learn how we can help you win against the dirty foreclosing banks, please visit www.1RealEstateHomes.com now.

Bank of America and Wells Fargo Face Suits in Mortgage Foreclosure Settlement

Bank of America and Wells Fargo Face Suits in Mortgage Settlement

New York's attorney general has said he plans to sue major lenders Bank of America and Wells Fargo for violating a $25bn (£16bn) mortgage settlement intended to end foreclosure abuses.

On Monday, Eric T. Schneiderman, New York’s attorney general and top prosecutor, said that the lenders violated the terms of the National Mortgage Settlement, a sweeping $26 billion pact brokered last year between five of the nation’s biggest banks and 49 state attorneys general. The agreement came during a national outcry over potentially widespread foreclosure abuses like shoddy paperwork, erroneous fees and wrongful evictions.

A total of five US lenders agreed the National Mortgage Settlement with authorities last year, designed to reshape lending practices following the collapse of the US housing market.

Mr. Schneiderman says that Bank of America and Wells Fargo did not follow guidelines dictating how the banks field and process requests from homeowners trying to modify their mortgages.

Under the terms of the settlement, banks have to abide by 304 servicing standards, like notifying homeowners of missing documents within five days of receiving a loan modification and providing borrowers with a single point of contact.

“Wells Fargo and Bank of America have flagrantly violated those obligations, putting hundreds of homeowners across New York at greater risk of foreclosure,” Mr. Schneiderman said. Since October 2012, Mr. Schneiderman’s office has documented 210 separate violations involving Wells Fargo and 129 involving Bank of America.

The move by Mr. Schneiderman is the first time that an attorney general has readied a lawsuit against one of the five participating banks on charges related to the settlement, which was aimed at halting the housing market’s downward slump and doling out relief to homeowners in foreclosure.

More attorneys general could follow Mr. Schneiderman’s lead. Last week, Martha Coakley, the Massachusetts attorney general, also sent a letter to Joseph A. Smith, the settlement monitor, outlining “recurring issues” with mortgage servicers, according to a copy of the letter reviewed by The New York Times. Among the problems she cited were “erroneous communications,” and servicing requirements that were “often ignored.” Ms. Coakley could pursue a lawsuit but hopes that the monitor will intervene to correct the problems, according to her office.

The settlement emerged from an investigation into mortgage servicing by all 50 state attorneys general that began in 2010 after revelations emerged that banks had churned through foreclosures using robosigned documents, legal paperwork that was seldom reviewed for accuracy.

After the deal was reached in February 2012, Mr. Schneiderman’s office began receiving a deluge of complaints from housing counselors across the state. The counselors, Mr. Schneiderman’s office said, reported that homeowners were still wading through a bureaucratic quagmire.

Mr. Schneiderman set the potential penalty in motion on Friday when he sent a letter to the settlement monitoring committee, outlining his plans to penalize the banks. “I am writing to inform you about a persistent pattern of noncompliance,” Mr. Schneiderman wrote, according to the letter. The committee has 21 days to decide whether to initiate a lawsuit, or whether Mr. Schneiderman will pursue the action alone.

Bank of America and Wells Fargo said on Monday that they would take steps to handle the issues raised.

“Through March we have provided relief for more than 10,000 New York homeowners through the National Mortgage Settlement, totaling more than $1 billion,” said Richard G. Simon, a spokesman for Bank of America. He noted that “Attorney General Schneiderman has referenced 129 customer servicing problems which we take seriously and will work quickly to address.”

Wells Fargo, which has helped 70,000 homeowners through the settlement, is “committed to full compliance with the National Mortgage Settlement and its associated standards,” according to Vickee J. Adams, a Wells Fargo spokeswoman. She added that “it is unfortunate that the New York attorney general has chosen this route rather than engage in a constructive dialogue through the established dispute resolution process.”

Michael Farnsworth, who fell behind on his mortgage after a spinal injury prevented him from working, is among the New York residents claiming that their mortgage paperwork was not handled properly. After submitting a loan modification application to Wells Fargo on Feb. 22, Mr. Farnsworth said he returned home on March 6 to find a note affixed to his farmhouse in Corfu, N.Y.

The note was ominous, he said: Mr. Farnsworth had 48 hours to resubmit many documents, including tax returns, or his loan modification would be scuttled. Under the mortgage settlement, though, Wells Fargo was required to notify Mr. Farnsworth about missing documents five days after he submitted a loan application and to then give him 30 days to submit any missing documentation.

Wells Fargo declined to comment on Mr. Farnsworth’s case, citing customer privacy, but said that the bank “is doing everything we can to assist customers so that they can stay in their homes if possible.”

The servicing standards were intended in part to address delays that can torpedo efforts to save a home. Before the settlement, housing counselors said that homeowners were ensnared in a bureaucratic maze when seeking foreclosure relief. Some borrowers were asked for the same document multiple times, while others were shuttled from one representative to another. As their applications for relief languished, housing counselors said, borrowers accrued fresh costs, like late fees and property taxes, that aggravated their distress.

“The price of this paperwork delay can be thousands of dollars for homeowners,” Vera Cedano, a foreclosure defense lawyer with Western New York Law Center. “It can mean the difference between saving a losing a home.”

Deonarine Nareen, a 52-year-old restaurant employee in Queens, had fallen behind on his mortgage as he petitioned Wells Fargo for a loan modification, according to court records. Since Wells Fargo began foreclosure proceedings against him in 2010, Mr. Nareen said he had tried to win a reduced monthly mortgage payment, but had been asked for documents numerous times.

In the latest chapter, Mr. Nareen said he applied for a loan modification on Feb. 19, so he was surprised when he received a brand new application for a loan modification from Wells Fargo in March.

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Mortgage Lenders Contract Fraud | Mortgage Foreclosure Process

Mortgage Lenders Contract Fraud

The foreclosure of a mortgage is a simple foreclosure process where a home owner fails to make a monthly mortgage payment to the bank and the banks takes the borrower's home or commercial property.

Both home and commercial property foreclosure process work basically the same way for a foreclosure of the mortgage. In many cases, the bank lender commits mortgage contract fraud.

You have underwater value and want a loan modification

You fail to make the mortgage payment due to financial situations

Bank gets paid by insurance company and IRS

Bank starts foreclosure of mortgage in a foreclosure process in court as plaintiff

You do nothing and let the bank take your property easily

You fight the bank foreclosure of mortgage and process in court:

A. Bank wins 99.9% of cases

B. Home owner or commercial property owner wins free and clear mortgage 97% to 99% of foreclosure cases

Being underwater in value means that your home or commercial property is worth less than what you owe on your mortgage. You ask the bank that you make your monthly payments to for a mortgage loan modification under the government program and the bank tells you that you have to miss a few payments to qualify for the modification. You don't pay your mortgage for one or two months and apply for the modification. While you are in the modification process the bank gives you a notice of default and starts a foreclosure. You don't know why the foreclosure process was started.

You become ill, have an accident, lose your job, have a job transfer, or some other financial situations and setbacks and fail to make your mortgage payment. The banks sends you a collection notice as a debt collector under TILA. You cannot pay, so you miss another payment. The bank gives you a notice of default and starts a foreclosure process against you to take your home or commercial property.

On the 91st day of you failing to pay the bank, the dirty bank collects the insurance money for the full amount of the loan from the mortgage insurance company that you have been paying since your mortgage and note closing upon purchase. The bank also collects 85% of the total amount of your note and mortgage loan from the IRS. The bank and all third parties have been paid in full for the loan.

Then the bank gives you a notice of default and starts the foreclosure of mortgage in a foreclosure process against you in local court as the Plaintiff, the one being harmed, to take your home or commercial property.

You do nothing and let the bank take your property easily while thinking, 'Let them have the damn home or property." and wait for God to help you keep your home or commercial property. You let the bank have your property and are evicted by the sheriff and lose your home and most of your possessions that you left in your home or property, because the sheriff only gives you up to 15 minutes to take what you can out of the dwelling and locks the doors for the bank to resell.

You fight the bank foreclosure of mortgage and foreclosure process in court with two different outcomes.

A. The bank wins 97% of cases, because you go into court, Pro Se, without an attorney, with your Federal laws and State statutes and feel confident that you are going to win your foreclosure, but you don't know the court rules. The judge does not listen to you, because the foreclosing attorney tells the judge that you are a deadbeat and want your home or commercial property for free and you are behind on payments and in default as per your mortgage contract that you signed. The judge, being an attorney card carrying member of the BARR corporation the same as the foreclosing attorney, listens to the attorney and allows the foreclosure of mortgage to be carried out and you lose your home or commercial property. OR...

B. You, the home owner or commercial mortgage property owner are prepared with an attorney representing you and proper evidence, proof that the mortgage and note have been paid in full by you with a BOE or bonded promissory note, dishonored Notary admin process, and the best securitization audit, with expert proof of bank fraud and go in front of the judge. Your attorney argues your case and the judge finds that you prevail and win the case and signs the final order to dismiss the case with prejudice, release and remove your mortgage lien and give you your home or commercial property without any more payments, because the bank and all interested parties were paid in full many times. This happens in 97% to 99% of all foreclosure of mortgage cases in the United States with help from a little known consumer advocate company.

This is the Foreclosure Process And Foreclosure of Mortgage That May Contain Bank Mortgage Contract Fraud. Are you going to fight to keep your home or property?

All the expert evidence to win foreclosure of mortgage and foreclosure process mentioned above has been provided to over 200 home owners and commercial property owners that have won against the foreclosing banks by Day Global, LLC at the website of www.1RealEstateHomes.com. Visit today and fight the foreclosure banks and win your mortgage free and clear of any and all mortgage liens and stop your foreclosure.

Day Global LLC. can help you get your house Mortgage FREE!
Stop your foreclosure in its tracks today. By taking the first step and Contacting us for a free no obligation consultation to see if you qualify.

Cancel Commercial Mortgage – 5 Secret Steps of the Bonded Promissory Note

Cancel Commercial Lien Mortgage – The Bonded Promissory Note Under UCC and Other Federal Law

The bonded promissory note pays your debts and creates debt for you under U.C.C. and other Federal Law.

You already know that your mortgage promissory note and mortgage contract got you into debt when you purchased your home or commercial property, so we will concentrate on the secrets of the bonded promissory note to get you out of debt in the following article.

The secrets are:

1. Knowing the bonded promissory note law is most important.
2. Filing the complete U.C.C.1 information is the key
3. Knowing your bond number is crucial
4. Knowing who to make the bonded promissory note out to is very important
5. Knowing the judicial side will get you home or commercial mortgage and note debt free

All the products of the economic system are pre-paid by virtue of public policy Law (P.L 73-10), which no longer exists constitutionally, article 8 and 10, authorizing gold and silver money to "pay" at law with. You have the right to discharge any debt public or private since June, 1933. The bonded promissory note can be used to offset any debt. The IRS recognizes bonds as a form of payment. The instrument tendered to the bank and negotiated to the United States Treasury for settlement is an "Obligation of THE UNITED STATES, BANKRUPTCY" under Title 18 USC Sect.8, representing a "certificate of indebtedness... drawn upon an authorized officer of the United States", and in this case, the Secretary of the U.S. Treasury.

When you file a complete UCC1 financial statement consisting of about 24 pages, you are the Debtor as well as the Creditor of everything you now own or will own in the future. This UCC1 form is recorded with your Secretary Of State and is then public record. This gives you control of your value and property as the executor and administrator of your straw man corporate entity under the HJR 192 law. This is a very important step in the bonded promissory note debt relief process and should not be left out.

The bond behind it started when you were born and birthed, as a ship at dock, under maritime law, then the State issued you an original certificate that is kept in your State Capitol, like a Bill of Lading, or ship's cargo, that has your bond number series on it in red either on the front of back. This is your bond number(s) with your State and Federal Government, along with your social Security Number, that gives your Straw Man in all capital letters, under Public Policy mandated by 73-10, HJR 192, where the government of the United States took away your gold/silver backing of the currency making it impossible to "pay" at law for anything that makes the bonded promissory note possible for paying your debts. The government seized the gold in 1933, and now must pay the bills for us according to public law HJR 192. It is your very inability to pay at law as a result of this executive order that gives you the ability/authority to demand that the items be treated as pre-paid using the bonded promissory note and/or Bill of Exchange which are considered money under UCC Article 2.

You must make your bonded promissory note to the right person or entity. This depends if you are in mortgage foreclosure or current with your bills. Example: If you make it out to the foreclosing attorney in hopes that it will get to the bank, you just gave the attorney thousands of dollars and your mortgage will be foreclosed on, because the bank did not receive your paid in full tendered payment.

You then must go to court on the judicial side to get your home or commercial mortgage and note debt free and acknowledged by the banks and the world. This is done through a quiet title law suit where you are the plaintiff and the party being harmed.

All 5 steps are mandatory in order to use the bonded promissory note to pay all your debts. This should enable you to be debt free as under Public Policy 73-10, HJR 192, the straw man law of 1933.

You cannot do one step above without doing all 5 steps or you may find that you are still a slave and this process may not work.

There is only one place that you can find the information on all five steps in the same place. We have been helping homeowners get a free and clear home or commercial property with our mortgage foreclosure help since 2010 and we can help you too, and get your bonded promissory note and knowledge to be truly debt free.

Day Global LLC. can help you get your property Mortgage FREE!
Stop your foreclosure in its tracks today. By taking the first step and Contacting us for a free no obligation consultation to see if you qualify.

Homeowners Fight Back Against MERS Mortgage Foreclosure Fraud

Homeowners Fight Back Against MERS Mortgage Foreclosure Fraud | Cancel My Mortgage

MERS is essentially an effort at systematically evading taxes … and hiding information from homeowners in ways that enabled the Countrywides of the world to defraud investors and avoid legal consequences for same.

The fraudulent registering of approximately 60 million MERS mortgages was only one facet of this fraud. There were millions upon millions of other acts of fraud connected with these mortgages.

The fraud chain began with the "liars' loans" -- primarily instigated at the lenders' end -- where mortgage applicants were assured no one told the truth on these documents, and thus applicants were free to fill in whatever numbers the mortgage-broker told them would help to facilitate purchase.

MERS: The Center of the Mortgage Scam
A prominent economist said about the 2008 financial crisis:

“At the root of the crisis we find the largest financial swindle in world history”, where “counterfeit” mortgages were “laundered” by the banks.

The Mortgage Electronic Registration Systems – MERS – was one of the main ways the swindle was done, and the main way in which counterfeit mortgages were laundered by the banks.

MERS is a shell company with no employees, owned by the giant banks.

MERS threw out centuries of well-established law about how real estate is transferred – and cheated governments out of many tens or hundreds of billions of dollars in recording fees.

For those of you wondering why so many localities are broke, here’s one small factor in the revenue drain. Counties typically charge a small fee for mortgage registration, roughly $30. But with MERS, … you don’t need to pay the fee every time there’s an ownership transfer. Multiply that by 67 million mortgages and you’re talking about billions in lost fees for local governments (some estimates place the total at about $200 billion).

Outrageously, MERS actually marketed itself to its customers as a way to save money by avoiding the payment of legally-mandated registration fees. Check out this MERS brochure from 2007. It brags on the face page about its fee-avoiding qualities (“MINIMIZE RISK. SAVE MONEY. REDUCE PAPERWORK”) and inside the brochure, in addition to boasting about helping clients “Foreclose More Quickly,” it talks about how clients save money because MERS “eliminates the need to record assignments in the name of the Trustee.”

All of this adds up to a system that enabled the mortgage industry to avoid keeping any kind of proper paperwork on its frantic, coke-fueled selling and re-selling of mortgage-backed securities during the bubble, and to help the both the Countrywide-style subprime merchants and the big banks like Goldman and Chase pull off the mass sales of crappy loans as AAA-rated securities.

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Day Global LLC. can help you get your house Mortgage FREE!
Stop your foreclosure in its tracks today. By taking the first step and Contacting us for a free no obligation consultation to see if you qualify.