Sat Mar 23, 2024 11:33 pm by globalturbo
Mortgage Summary
Posted by nesaraaustralia ⋅ November 10, 2012
Borrower Signs the Bank’s Loan Contract and Mortgage
Borrower’s Signature transforms the Loan Contract into a Financial Instrument worth the Value of the agreed Loan Amount
Bank Fails to Disclose to Borrower that the Borrower Created an Asset
Loan Contract (Financial Instrument) Asset Deposited with the Bank by Borrower
Financial Instrument remains property of Borrower since the Borrower created it
Bank Fails to Disclose the Bank’s Liability to the Borrower for the Value of the Asset
Bank Fails to Give Borrower a Receipt for Deposit of the Borrower’s Asset
New Money Credit is Created on the Bank Books credited against the Borrower’s Financial Instrument
Bank Fails to Disclose to the Borrower that the Borrower’s Signature
Created New Money that is claimed by the Bank as a Loan to the
Borrower
Loan Amount Credited to an Account for Borrower’s Use
Bank Deceives Borrower by Calling Credit a “Loan” when it is an Exchange for the Deposited Asset
Bank Deceives Public at large by calling this process Mortgage Lending, Loan and similar
Bank Deceives Borrower by Charging Interest and Fees when there is no value provided to the Borrower by the Bank
Bank Provides None of own Money so the Bank has No Consideration in the transaction and so no True Contract exists
Bank Deceives Borrower that the Borrower’s self-created Credit is a
“Loan” from the Bank, thus there is No Full Disclosure so no True
Contract exists
Borrower is the True Creditor in the Transaction. Borrower Created the Money. Bank provided no value.
Bank Deceives Borrower that Borrower is Debtor not Creditor
Bank Hides its Liability by off balance-sheet accounting and only
shows its Debtor ledger in order to Deceive the Borrower and the
Court
Bank Demands Borrower’s payments without Just Cause, which is Deception, Theft and Fraud
Bank Sells Borrower’s Financial Instrument to a third party for profit
Sale of the Financial Instrument confirms it has intrinsic value as
an Asset yet that value is not credited to the Borrower as Creator
and Depositor of the Instrument
Bank Hides truth from the Borrower, not admitting Theft, nor sharing
proceeds of the sale of the Borrower’s Financial Instrument with
the Borrower
The Borrower’s Financial Instrument is Converted into a Security
through a Trust or similar arrangement in order to defeat
restrictions on transactions of Loan Contracts
The Security including the Loan Contract is sold to investors, despite the fact that such Securitization is Illegal
Bank is not the Holder in Due Course of the Loan Contract
Only the Holder in Due Course can claim on the Loan Contract
Bank Deceives the Borrower that the Bank is Holder in Due Course of the Loan Contract
Bank makes Fraudulent Charges to Borrower for Loan payments which the
Bank has no lawful right to since it is not the Holder in Due
Course of the Loan Contract
Bank advanced none of own money to Borrower but only monetized Borrower’s signature
Bank Interest is Usurious based on there being No Money Provided to
the Borrower by the Bank so that any interest charged at all would
be Usurious
Thus BANK “LOAN” TRANSACTIONS ARE UNCONSCIONABLE!
Bank Has No True Need for a Mortgage over the Borrower’s Property,
since the Bank has No Consideration, No Risk and No Need for
Security
Bank Exploits Borrower by demanding a Redundant and Unjust Mortgage
Bank Deceives Borrower that the Mortgage is needed as Security
Mortgage Contract is a second Financial Instrument Created by the Borrower
Deposit of the Mortgage Contract is not credited to the Borrower
Bank Sells the Borrower’s Mortgage Contract for profit without disclosure or share of proceeds to Borrower
Sale of the Mortgage Contract confirms it has intrinsic value as an
Asset yet that value is not credited to the Borrower as Creator and
Depositor of the Mortgage Contract
Bank Deceives Borrower that Bank is the Holder in Due Course of the Mortgage
Bank Extorts Unjust Payments from the Borrower under Duress with threat of Foreclosure
Bank Steals Borrower’s Wealth by intimidating Borrower to make Unjust Loan Payments
Bank Harasses Borrower if Borrower fails to make payments, threatening Legal Recourse
Bank Enlists Lawyers willing to Deceive Borrower and Court and Exploit Borrower
Bank Deceives Court that Bank is Holder in Due Course of Loan Contract and Mortgage
Bank’s Lawyers Deceive and Exploit Court to Defraud Borrower
Bank Steals Borrower’s Mortgaged Property with Legal Impunity
Bank Holds Borrower Liable for any outstanding balance of original Loan plus costs
Bank Profits from Loan Contract and Mortgage by Sale of the Loan
Contract, Sale of the Mortgage, Principal and Interest Charges, Fees
Charged, Increase of its Lending Capacity due to Borrower’s Mortgaged
Asset and by Acquisition of Borrower’s Mortgaged Property in
Foreclosure. Bank retains the amount of increase to the Money Supply
Created by the Borrower’s Signature once the Loan Account has been
closed.
Borrower is Damaged by the Bank’s Loan Contract and Mortgage by Theft
of his Financial Instrument Asset, Theft of his Mortgage Asset, Being
Deceived into the unjust Status of a Debt Slave, Paying Lifetime Wealth
to the Bank, Paying Unjust Fees and Charges, Living in Fear of
Foreclosure, and ultimately having his Family Home Stolen by the Bank.
Thus the BANK MORTGAGE BUSINESS IS UNCONSCIONABLE
SOURCE from Larry
Thanks to: http://nesaraaustralia.com
Posted by nesaraaustralia ⋅ November 10, 2012
Borrower Signs the Bank’s Loan Contract and Mortgage
Borrower’s Signature transforms the Loan Contract into a Financial Instrument worth the Value of the agreed Loan Amount
Bank Fails to Disclose to Borrower that the Borrower Created an Asset
Loan Contract (Financial Instrument) Asset Deposited with the Bank by Borrower
Financial Instrument remains property of Borrower since the Borrower created it
Bank Fails to Disclose the Bank’s Liability to the Borrower for the Value of the Asset
Bank Fails to Give Borrower a Receipt for Deposit of the Borrower’s Asset
New Money Credit is Created on the Bank Books credited against the Borrower’s Financial Instrument
Bank Fails to Disclose to the Borrower that the Borrower’s Signature
Created New Money that is claimed by the Bank as a Loan to the
Borrower
Loan Amount Credited to an Account for Borrower’s Use
Bank Deceives Borrower by Calling Credit a “Loan” when it is an Exchange for the Deposited Asset
Bank Deceives Public at large by calling this process Mortgage Lending, Loan and similar
Bank Deceives Borrower by Charging Interest and Fees when there is no value provided to the Borrower by the Bank
Bank Provides None of own Money so the Bank has No Consideration in the transaction and so no True Contract exists
Bank Deceives Borrower that the Borrower’s self-created Credit is a
“Loan” from the Bank, thus there is No Full Disclosure so no True
Contract exists
Borrower is the True Creditor in the Transaction. Borrower Created the Money. Bank provided no value.
Bank Deceives Borrower that Borrower is Debtor not Creditor
Bank Hides its Liability by off balance-sheet accounting and only
shows its Debtor ledger in order to Deceive the Borrower and the
Court
Bank Demands Borrower’s payments without Just Cause, which is Deception, Theft and Fraud
Bank Sells Borrower’s Financial Instrument to a third party for profit
Sale of the Financial Instrument confirms it has intrinsic value as
an Asset yet that value is not credited to the Borrower as Creator
and Depositor of the Instrument
Bank Hides truth from the Borrower, not admitting Theft, nor sharing
proceeds of the sale of the Borrower’s Financial Instrument with
the Borrower
The Borrower’s Financial Instrument is Converted into a Security
through a Trust or similar arrangement in order to defeat
restrictions on transactions of Loan Contracts
The Security including the Loan Contract is sold to investors, despite the fact that such Securitization is Illegal
Bank is not the Holder in Due Course of the Loan Contract
Only the Holder in Due Course can claim on the Loan Contract
Bank Deceives the Borrower that the Bank is Holder in Due Course of the Loan Contract
Bank makes Fraudulent Charges to Borrower for Loan payments which the
Bank has no lawful right to since it is not the Holder in Due
Course of the Loan Contract
Bank advanced none of own money to Borrower but only monetized Borrower’s signature
Bank Interest is Usurious based on there being No Money Provided to
the Borrower by the Bank so that any interest charged at all would
be Usurious
Thus BANK “LOAN” TRANSACTIONS ARE UNCONSCIONABLE!
Bank Has No True Need for a Mortgage over the Borrower’s Property,
since the Bank has No Consideration, No Risk and No Need for
Security
Bank Exploits Borrower by demanding a Redundant and Unjust Mortgage
Bank Deceives Borrower that the Mortgage is needed as Security
Mortgage Contract is a second Financial Instrument Created by the Borrower
Deposit of the Mortgage Contract is not credited to the Borrower
Bank Sells the Borrower’s Mortgage Contract for profit without disclosure or share of proceeds to Borrower
Sale of the Mortgage Contract confirms it has intrinsic value as an
Asset yet that value is not credited to the Borrower as Creator and
Depositor of the Mortgage Contract
Bank Deceives Borrower that Bank is the Holder in Due Course of the Mortgage
Bank Extorts Unjust Payments from the Borrower under Duress with threat of Foreclosure
Bank Steals Borrower’s Wealth by intimidating Borrower to make Unjust Loan Payments
Bank Harasses Borrower if Borrower fails to make payments, threatening Legal Recourse
Bank Enlists Lawyers willing to Deceive Borrower and Court and Exploit Borrower
Bank Deceives Court that Bank is Holder in Due Course of Loan Contract and Mortgage
Bank’s Lawyers Deceive and Exploit Court to Defraud Borrower
Bank Steals Borrower’s Mortgaged Property with Legal Impunity
Bank Holds Borrower Liable for any outstanding balance of original Loan plus costs
Bank Profits from Loan Contract and Mortgage by Sale of the Loan
Contract, Sale of the Mortgage, Principal and Interest Charges, Fees
Charged, Increase of its Lending Capacity due to Borrower’s Mortgaged
Asset and by Acquisition of Borrower’s Mortgaged Property in
Foreclosure. Bank retains the amount of increase to the Money Supply
Created by the Borrower’s Signature once the Loan Account has been
closed.
Borrower is Damaged by the Bank’s Loan Contract and Mortgage by Theft
of his Financial Instrument Asset, Theft of his Mortgage Asset, Being
Deceived into the unjust Status of a Debt Slave, Paying Lifetime Wealth
to the Bank, Paying Unjust Fees and Charges, Living in Fear of
Foreclosure, and ultimately having his Family Home Stolen by the Bank.
Thus the BANK MORTGAGE BUSINESS IS UNCONSCIONABLE
SOURCE from Larry
Thanks to: http://nesaraaustralia.com
