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Deadbeat or Not? You decide....

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Capt. Jack Donating Member (237 posts) Send PM | Profile | Ignore Sat May-29-10 09:30 AM
Original message
Deadbeat or Not? You decide....
Snip>

Florida Default Law Group filed this foreclosure case based on a defaulted promissory note.

Keeping in mind that I am not an attorney, is there a legal basis for deeming an unsigned note a negotiable instrument secured by a mortgage?

I know the banks are all gung ho on "aggressive redeeming of collateral". I have learned that forgery and fabrication of legal documents is apparently fine and dandy in the eyes of many judges. I get that the greedy homeowners deserve to be dispossessed of their homes because they were naughty enough to sign a document that was pre-planned to go into default and actually insured by the profiteering "lender" many times over for that exact occurrence. I admit that I've come to grips with the fact that a non-party to a contract can be a welcome interloper and evict a family from their home with the tacit approval of our courts, law makers, and executive branch. I am even willing now to concede that economic damages need not to have occurred for an unknown, predator bank to swoop down upon it's American prey.

Snip>

http://www.foreclosurehamlet.org/profiles/blogs/deadbeat-or-not-you-decide
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Capt. Jack Donating Member (237 posts) Send PM | Profile | Ignore Sat May-29-10 02:26 PM
Response to Original message
1. Attention: All Clerks of Court!
The link below should be mandatory reading for ALL Clerks of Court....and a good read for anyone interested in BUYING or SELLING Real Estate.

http://www.foreclosurehamlet.org/profiles/blogs/toxic-discharge-tutorial

1) *ALL* liens must be properly registered against the property in which they encumber (called actual notice or notice to the world that there is a lien against real property - this dates back to 17th century property laws)

2) Modern day securities prove too complex for Main Street Recording Laws (failing to record lien holding interest)

A discharge from ANYONE but the REAL creditor means NOTHING.

A Straw Man’s interest won’t do (Rule 10b-5)

You may ask why I post this...good question. Rule 10b-5 applies to citizens only...apparently "lenders" have exempted (illegally) themselves from this with tacit approval from your County Recorder's Office.

Meaning: millions and millions of dollars due and payable by "lenders" and their agents do NOT land in your County's tax coffers.

This is broadly termed as "Title Washing".

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