Exclusive Interview - You Don't Have to Miss a Payment for Banks to STEAL Your Property! They are Doing it Through 'Appraisals'!

Submitted by SadInAmerica on Sat, 11/03/2012 - 3:07pm.

 

sign-bank-owned

The criminal banks are now stealing people's properties who have never been late on a payment!  How?  Through "appraisals"!  They are requiring homeowners and commercial property owners have new appraisals. ~ Sherrie - 2 Part Audio 

When those appraisals (in cohorts with the appraisers in getting them low) coDisable rich-textme back lower than the loan amount, at the property owners expense.

They give the property owner 30 days to pay the difference of loan to value of the property otherwise they take over the property and kick the owners out! They are doing it to homeowners and commercial property owners!

Property values have decreased 30% or more in areas around the U.S..

We hear how property owners are underwater for the properties all the time.

Well the banks are now out right stealing the properties via low appraisals that are less than the mortgage/loan amount!

This is OUTRAGEOUS! 

EXCLUSIVE INTERVIEW with someone who had this done to them and know of others that it has been done to. 

This information is no where on the internet.  I did not even know they were doing this!

Please get this information VIRAL and get people informed!  This has got to STOP!

The banks are now outright stealing the middle class properties.

The MORE who stand up - the less it can happen and then it has to STOP when enough say NO!

Please get this information out!  This is something new that the banks are doing and they can do it to EVERYONE!  You don't have to have missed a payment now for the banks to steal your property!

Remember there are supposedly those government programs for the banks to write down the principal balances of those who are underwater on their mortgages.  That was through the settlement reached with the AG's of the states.  But the states have instead been taking the money and using it for themselves and not the people!

To me a suit has to be brought against the AG's and the states themselves to get that money for the people instead of the budget over all of that state.   The AG's used it as a money source and not for the people.

So instead of writing down principals they are now stealing the properties through the appraisal value to loan amount!  

I believe this is also to cover their tracks for all the fraud they have committed.  They have sold one mortgage into different investor groupings.  They need to take over the properties to hide their fraud.  They also are doing this because they get the money from the insurance and government to "cover their losses."  But the reality is, it is all fraud and they are stealing every last property and dime from the middle class all through fraud. 

The courts are holding the banks accountable now, they are scrambling and they have now figured out another way to steal the property from people.  The U.S. government is allowing it.  The more depressed and down the people are the more able they are to control them.  The people become dependent upon the government. 

There is a lot more to say about this.  But also, please see the main MERS article/post I have that is linked on the side.  Inform yourself about the FRAUD of Wall Street and the U.S. government that is making Americans homeless!

DO NOT GET FORECLOSED ON!  KNOW YOUR RIGHTS!  THE MERS BANKS CAN NOT FORECLOSE ON YOU LEGALLY!  


Part 1 Interview of a person the banks did this to:


AudioLink

Part 2 of the interview:


AudioLink

 

October 27, 2012 - SherrieQuestionsAll

 

See Comments...


People have to understand there was never a loan from the bank to start with! This is what the banksters need to be attacked on "Proof of Claim" make them show there was a loan to start with!

Want proof that this is real? Ask yourself the following questions:

1. Were you told that the Federal Reserve Bank Policies and Procedures as well as the Generally Accepted Accounting Principles (GAAP) requirements imposed upon all Federally-insured (FDIC) banks in Title 12 of the United States Code, Section 1831(a), prohibit banks from lending their own money from their own assets or from other depositors? Did the bank tell you where the funds for the loan were to come from?

2. Were you told that the contract you signed, the promissory note, was going to be converted into a 'negotiable instrument' by the bank and become an asset on the bank's accounting books? Did the bank tell you that your signature on that note, makes it 'money', according to the Uniform Commercial Code (UCC), sections 1-201(24) and 3-104?

3. Were you told that your promissory note would be taken, recorded as an asset of the bank, and then sold by the bank for cash, without "valuable consideration" given to obtain your note? Did the bank give you a deposit slip as a receipt for the promissory note you gave them, just as the bank would normally have to provide when you make a deposit to the bank?

4. Were you told that the bank would create a new account at the bank that would contain this money that you gave them?

5. Were you told that a check from this new account would be issued with your signature, without your knowledge, and that this new account would be the source of the funds behind the check that was given to you as a "loan"?

If you answered "No" to any of these questions, YOU HAVE BEEN CHEATED! How does that make you feel? It is now up to you to demand your deposit back and to challenge the validity of this bank loan Agreement.

Since the banks and other lending institutions cannot allow "full disclosure" of your loan Agreement and cannot answer your challenges about it, their silence is the key, along with other necessary steps that can be learned by you, to get your deposit back and/or "payoff" their alleged loan to you.

 


Did you file a "Proof of Claim"? Once again there was NEVER a loan to start with.

Sample letter...



Non-Negotiable
NOTICE AND DEMAND FOR FULL DISCLOSURE

Date:
From:


To:

ATTN: MORTGAGE LOAN DEPT.
Re: Loan Account #:
hereinafter "Loan", dated:
For property listed as:

Notice to the Principal is Notice to the Agent and Notice to the Agent is Notice to the Principal.

It has come to the Borrower's attention, after checking the records for the Loan, that there appears to be a material omission in the Loan agreement concerning the deposit and disposition of the Borrower's promissory note during the execution of the Loan.

Pursuant to Federal and State laws and regulations under the Home Mortgage Disclosure Act, the Truth in Lending Act, the Real Estate Settlement Procedures Act and the Mortgage Disclosure Improvement Act, the Borrower is hereby giving the Lender Notice and Demand for Full Disclosure of the terms and execution of the Loan.

Please mail to the Borrower, certified and verified copies, or schedule an opportunity for the Borrower or his CPA to make a physical inspection of the following documents within twenty (20) days of the receipt of this Notice:

1. The original promissory note, front and back, associated with the Loan.

2. Any allonge, front and back, affixed to the Borrower's promissory note for endorsements.

3. All bookkeeping journal entries associated with the Loan.

4. The deed of trust associated with the Loan.

5. The insurance policy on Borrower's promissory note associated with the loan.

6. The Call Reports for the period covering the loan.

7. The deposit slip for the deposit of the Borrower's promissory note associated with the Loan.

8. The order authorizing the withdrawal of funds from Borrower's promissory note deposit account.

9. The account number from which the money came to fund the check given to the Borrower.

10. Verification that Borrower's promissory note was a free gift to the Lender from Borrower.

11. The name and address of the current holder of the Borrower's promissory note.

12. The name and address of the Lender's CPA and Auditor for the period covering the Loan execution.

This is the Borrower's good faith attempt to clear up any confusion in this matter before taking any further actions. Failure to respond within twenty (20) days of receipt will be deemed a dishonor of this Notice and Demand for Full Disclosure.

Sincerely,

 

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Submitted by SadInAmerica on Sat, 11/03/2012 - 3:07pm.