THE CURRENT BANK MORTGAGE PROCESS IS UNLAWFUL
HERE IS THE ENTIRE PROCESS YOU HAVE ENTERED INTO STEP-BY-STEP:
You apply for a loan and the Bank checks your credit score to see if you’re eligible.
Eligibility itself is smoke and mirrors as they just need you to be (a) an adult, (b) breathing and ( c ) at least earning or receiving an income of some kind.
It’s not a question of “if” you can get money, it’s only a question of how much you can get based on your earnings. The Bank’s want, in fact they need, new borrowers to help them generate new money. The whole system depends on it. So they need you to ‘borrow’ from them.
So you, the Borrower, signs the Bank’s Purported Loan Contract and Mortgage.
Borrower’s signature transforms the purported Loan Contract into a Financial Instrument worth the value of the agreed Loan amount.
Bank Fails to disclose to the borrower that the borrower created an Asset.
Loan Contract (Financial Instrument) is an Asset deposited with the bank by you, the borrower.
Financial Instrument always remains property of the 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 the borrower a receipt for deposit of the borrower’s Asset.
New money credit is therefore 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 now claimed by the bank as a Loan to the borrower.
Loan amount credited to a bank account for the borrower’s use.
Bank deceives the borrower by calling credit a “Loan” when it is actually an exchange for the deposited Asset.
Bank deceives public at large by calling this process Mortgage Lending or a Loan.
Bank deceives the borrower by charging Interest and fees when there is no value provided to the borrower by the Bank. The borrower is in fact being charged interest on their own money and the borrower may have had to put up an unencumbered Asset as security for this purported loan.
Bank provides none of its 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 the borrower that the borrower is the Debtor and not the 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. Deception-theft-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 Securitisation is actually unlawful.
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.
If the borrower fails to pay the interest or monthly payments to the Bank to “re-pay” the loan, then the Bank will enforce it’s security to take away the Asset or to possess the Asset (House) and evict the borrower.
This is unlawful as the Bank does not own the Security. It sold it to an investor so the Bank has already been paid. The bank is in fact a legal interloper as it has no locus standi to enforce their “charge’. Yet, they do this day in and day out
But do not despair, we are about to turn the tables on these evil criminal cartels.
Their day of reckoning is getting closer.