Comments on: Rally to Stop Banksters’ Efforts to Steal More Property

By: March 9, 2011: Second Annual Freedom Ride & Rally in Tally for Combatants of Illegal Foreclosures - blog of Denbeaux & Denbeaux

Thu, 24 Feb 2011 03:14:03 +0000

[...] 04/19/10 Daily Censored Rally to Stop Banksters’ Efforts to Steal More Property [...]

By: March 9, 2011: Second Annual Freedom Ride & Rally in Tally for Combatants of Illegal Foreclosures « Foreclosure Fraud – Fighting Foreclosure Fraud by Sharing the Knowledge

Wed, 23 Feb 2011 20:27:04 +0000

[...] 04/19/10 Daily Censored Rally to Stop Banksters’ Efforts to Steal More Property [...]

By: Nick

Nick — Thu, 22 Apr 2010 21:07:17 +0000

Mark,
It was great to meet you and discuss this issue at the rally yesterday. It amazes me that the legislators and the lawyers either don’t know, or don’t care, that they have put a mechanism in place that makes it difficult to refinance a mortgage, even allow the mortgage to get assigned to a private investor at a discount.
Let me explain. Most people that are homeowner’s know that the taxing authority (county/state) is the first liability on a home and therefore the first in line to foreclose on a home before the bank. So, if a homeowner has $5,000 in their bank account, they will pay the real estate taxes first, before the bank’s mortgage.
This bill, if it goes through, would relief that homeowner of any real estate taxes that are owed. So if the homeowner is no longer in possession of their property, how can they be expected to pay real estate taxes on it?
In addition, if the homeowner had more time, they would be able to find a mortgage investor to buy the mortgage at a 20% discount and work out a deal with the investor so that they would pay 90% of the face value of the debt. In other words, the original holder of paper is relieved of its receivable for 20%, the investor gets a 100% mortgage note for 80% and the homeowner can pay back 90% of a 100% note which has a value of 80%. This creates a win-win-win situation for the bank, the homeowner and the investor.

By: Mark A. Adams JD/MBA

Mark A. Adams JD/MBA — Mon, 19 Apr 2010 22:12:21 +0000

For some examples of the crimes which the banksters and their crooked attorneys have committed in an effort to steal homes, see a long list of recent examples of criminal conduct at
http://4closurefraud.org/2010/04/19/some-talking-points-for-the-rally-in-tally/

By: Rally in Tally Updates – Homeowners and Attorneys Meet in Tallahassee To Celebrate Homeowner Rights And The Rule of Law « Foreclosure Fraud

Mon, 19 Apr 2010 11:25:20 +0000

[...] UPDATE: 04/19/10 Daily Censored Rally to Stop Banksters’ Efforts to Steal More Property [...]