“Damn my eyes… the people I’ve seen… Caroline” Via The wreckage of the American dream
Perhaps the biggest help for holding an illegal foreclosure is the word “mortgage.”
In all 50 states, the word is universally misused as a synonym for “home-buying insurance.” Mortgages became known as mortgages as a general term.
But a mortgage is not a home insurance at all. It is merely the name of an occasional, but not essential, instrument used to designate the collateral that the borrower of any type of insurance has agreed to pledge as security for the repayment of the insurance. The lender and the borrower agreed to forfeit the collateral pledged to the borrower in the event of default. The term mortgage originated from the fact that the home insurance secured the property as collateral. Description of the mortgage escrow. In fact, the correct name for this type of document or tool is “security tool”.
The term “mortgage” is used to define a security instrument in most judicial foreclosure cases. However, in most states a non-judicial foreclosure is known as a “deed of trust.” In all 50 states, it is the promissory note that obligates the borrower for its debts.
Also, in all 50 states, a security instrument is required or used only when the borrower signs a promissory note as physical evidence of the money that he has borrowed and used for the purpose agreed to by both the lending party and the borrowing party. This collateral instrument (remember, it may be called a mortgage or trust deed) is only used if the borrower has finished repurchasing the promissory note (ie paying off the home insurance), or has become unable to repay it.
It is important to remember this because court judges do not know how real estate deals work and are repeatedly deceived by their perception of the situation rather than the laws. You should make the judge understand that a promissory note is not a top priority. Debt, money is what is real real. It was the money that paid for the house. A promissory note is the physical evidence of making a insurance with money. But, each anti-mortgage party must prove how they came to legally own it. Possession of the promissory note is no longer proof of ownership of the insurance, possession of a car is proof of ownership of that car. Proof of ownership should come from the contracts, wires, cashier’s checks etc. that are included in the transaction. The Constitution states that without “concrete and ad hoc” evidence to support claims of a right to foreclosure, there is no right of foreclosure.
You do not owe a promissory note to the owner in the due cycle of your insurance, you owe a refund of the money you received as a insurance. A promissory note is important because it is all there is to prove the debt in the event the borrower pays it in full or does not go through with the payment. We are focused on getting this message to the judges. The party making the foreclosure as a debt collector will focus on the words of their claim and only the words and not the money they represent.
If you do not receive the money from the name of the lender in your promissory note and escrow instrument, there is no way that either party can claim that they legally purchased the promissory note. The fraud is that they just say they have the promissory note and don’t even try to prove how they got it. Without substantiating this claim with “concrete and ad hoc” proof, the promissory note they say they have is void. Debt collectors cannot collect money from someone who does not owe them any money.
The debt collector must prove that they have a right to collection (foreclosure is an act of “debt collection”) so they must also prove beyond reasonable doubt that they paid money to your promissory note before they can demand that you pay them any money. No borrower shall be obligated to pay a person he does not owe. I am convinced that 100% of the home insurances made after 1999 or perhaps even before that I named a lender did not give the borrower any of the money promised. Yes, the borrower certainly got the money, but from whom? Only the real party should pay the interest.
The collector must prove that he or she is. Once the borrower spends the borrowed money for the intended purpose, there must be evidence of the insurance and terms of repayment. The promissory note is this proof and primary proof that the insurance has been made and is due. If the borrower and the lending party agree that something substantial is needed to ensure that the lending party can get back the money lent, even if the borrower is unable to pay it back. A borrower can pledge something in his possession as a security usually called a guarantee.
Some synonyms for the word guarantees are: guarantee, guarantee, surety, insurance, indemnity, support, indemnity; Like, “She put up her house as collateral for the insurance.”
There is a great deal of confusion caused by the use of the word mortgage to mean a home insurance. Part of this is an innocent evolution of the term bonds and mortgages that were once part of a single document or instrument.
But, today, criminal foreclosure parties (I don’t use the word lender here, because very, very rarely is the real lender or even the legal owner of the underlying promissory note) use the mortgage assignment (or deed) of a trust to transfer ownership your supposed insurance, but they’re actually taking advantage of the common misuse of the word “mortgage” as a slang for “home purchase insurance.”
This is a deliberate deception and misrepresentation, as there is no such thing as a foreclosure waiver.” Only the waiver of a promissory note can transfer ownership of the insurance. But, only the promissory note itself is certified, much like an endorsement of a check for deposit in your bank account at the bank that Deal with him, or to take the money.
Mortgage, as a description and agreement of collateral, always follows the promissory note as it is necessary for the insurance. A promissory note never follows the assignment of an “accidental” mortgage.
The US Supreme Court described it in “Longan vs Carpenter” in 1872, and since all judgments and orders of the Supreme Court of the United States are binding as law for all courts in the nation. All courts are arms of the US Supreme Court.
I learned a lot from what I know starting in 2012 from reading authors who seemed to be trying to help borrowers who were locked into foreclosures. Today I know these authors are useful. They weren’t clear about these problems and there was a real intent was to find a way to make money from misinformed borrowers/I had an advantage over most borrowers as I am not a lawyer. However, I have long been a housing insurance specialist, as I am a realtor and a mortgage broker (here the term mortgage is abused again).
What we call a lender (among the worse names) has claimed to the borrower that he or she will lend him or her to buy your house, but the lender can’t count on everyone just knowing that you borrowed the money. There should be proof that you borrowed the money and that you know who lent it to you.
So, if I insurance you $200,000 (a dreamer) and give it to the home seller, the money is gone. What is left when you hand the money over to the home seller? All that remains after you, as a borrower, pay the money to the home seller is a debt to the lender, which is the “debt” that you must pay off.
You signed the promissory note and gave it to the lender with physical evidence that you borrowed money from them and that you promised to pay it back on terms that you and your lender agreed to. (This includes the interest rate, the amount of time until it is paid in full, how often you pay, and the amount you pay each time you pay.)
So, the promissory note is evidence of the debt. (But, not actually the debt.) The law should be required to register a promissory note, but as we’ll talk later, there is a registration indicating the existence of a promissory note at some point.
Now, since you promised to repay the money that was given to you and there is written physical proof of the money you received, we can say that the promissory note is necessary for the deal you made. For hundreds of years, everyone has been new to PN (many professionals and other clients like to say “note,” but I’ve learned to say it exactly as it’s supposed to be said).
Anyway, literally hundreds of years ago, everyone always knew that a promissory note was the one and only indispensable piece of a home insurance.
But the lender has paid for the house for you and this house is really his best guarantee to tie in with the insurance he made. There is no law that defines what you and the lender can agree to as what you will pledge to the lender in the event that you cannot repay the money you borrowed, but the house you buy with that borrowed money makes sense.
In today’s world (after 1994) you probably wouldn’t have been able to talk to the lender about any other collateral, so it’s likely that you’ve signed a collateral that describes the property and what happens when you pay off all the money, or what happens if you can’t repay the money according to the terms of the bond Auricular.
A security tool then, kind of a rulebook about what will happen if things go well and what will happen if things don’t go well. More simply put, the collateral instrument is the rule book for the insurance. Describes the promissory note and is the evidence you will use if a. You paid off the promissory note you signed to get the money to buy your house and b. Do not pay off the promissory note.
A better description might be that you don’t really pay rent for your house because we tend to think about it. In effect, you buy back the promissory note that you signed and issued in order to cash in on the funds. When you finished repurchasing your promissory note, you always used to get the promissory note returned marked “paid”. But, the world of banking has influenced legislatures across the country to allow shortcuts to this matter further confusing the judges.
The promissory note is no longer evidence of any debt, because when you paid off all the money you agreed to, you no longer owed a debt. People used to throw parties and burn the promissory note when it was returned to them with a paid sign and the repurchase of the promissory note could be defined by the term ‘free and clear’. This term means free of any privileges.