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Joined: 13 Jul 2010
Posts: 2
Location: Texas

Hedge Fund Reality
PostPosted: Tue Jul 13, 2010 12:56 am Reply with quoteBack to top

Did you know that investors are buying worthless mortgage stocks?
Did you know that the Mortgage Backed Securities investors are buying have no intrinsic value what so ever?

You do now.

The banksters have come up with a very impressive Illusion to make you and I look intelligent. Or is it them? What ever the case, it has been happening for 10 years now. Going on 11.

Did you know that just about every mortgage in the United States was forgiven? Fact.

Did the mortgage servicer or the lender tell you they forgave your debt? Probably not. They want as much money out of you as they can get.

Back to the investors.

The mortgages are scanned/copied/destroyed, not long after the paper promissory note was "Wet Ink Signed". Fact. Check the Florida Supreme Court 09-1460, by the Florida Bankers Association.

Here's an excerpt:
“In actual practice, confusion over who owns and holds the note stems less from the fact that the note may have been transferred multiple times than it does from the form in which the note is transferred. It is a reality of commerce that virtually all paper documents related to a note and mortgage are converted to electronic files almost immediately after the loan is closed. Individual loans, as electronic data, are compiled into portfolios which are transferred to the secondary market, frequently as mortgage-backed securities. The records of ownership and payment are maintained by a servicing agent in an electronic database.”

“The reason "many firms file lost note counts as a standard alternative pleading in the complaint" is because the physical document was deliberately eliminated to avoid confusion immediately upon its conversion to an electronic file.”

So, now that they did what they did, they then package these up into a pool and sell them to investors.

What the investors did not know, was electronic mortgages, "emortgages" as they call them, have no law to support them. Fact.
Look at 15 USC 7003. That's all you need to know.
eNotes are not legal.
Investors were sold a bill of goods.
Want to learn more, goto ourlemon.com or read the articles on scribd.com/alviec
Happy reading.
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