THE PROMISSORY NOTE
Jack be nimble Jack be quick
They converted your promissory note
Boy was that slick
This is the Blog of Kurt Johnson one of the founders of the whistleblower company called The Dorean Group. This company challenges the illusion of a loan and the confidence game used to give it credence in the American Mortgage Industry.
8 comments:
"Riddle: Who Am I"
5 Comments -Show Original Post
Collapse comments
son of a prophet said...
federal reserve not
promissory note
football player who once told the owner during contract negotiations:
"...everytime I say its a game, you tell me its a business; everytime I say its a business, you tell me its a game."
6:55 PM
i got it right. what is the prize???
LOLOLOLOLO!!!!!!!!!!!!!!!!!
dinner @ tcop's house!
rosted crow.
NOT!
"There is absoltely nothing to said for goverment by a plutocracy, for goverment by men very powerful in certain lines and gifted with a money touch, but with ideals which in their esence are merely those of so many glorified pawn brokers." Theodore Roosevelt.
N.D and Nemo are not the sharpests knives in the kitchen.
They seriously lake in the Brains department!!!
"Lack" not "lake" tcob is not smart enough to figure that out on his own.
notarial dissent said...
Neither the UCC nor the SEC have any legal interest in what happens with a promissory note issued in a real estate transaction, and promissory notes are not considered securities by the SEC.
The quotes back to the UCC while of value in certain venues, have none here, the UCC is not valid within real estate transactions and says so very plainly within its establishing acts,
***********************************
I have to ask this all though I will more than likly kick my self for doing so but here goes.
Please tell me that what you just said to be the truth about the dealings with the Promisay Note and a Mortgage transaction was'nt said by you the right way and that you ment something else because it sound's like you said that the Note that is changed by way of afixing the word to it "Paid to the order of" then bundeling it and selling it as a MORTGAGE BACKED SEC but yet it is not governed by the UCC as any other SEC would be. if this is what you ment and said correctly then let me ask this
What exactly is the power of or code that this transacton falls under being one as I have discribed below one might hope that this is'nt some rouge embodment made up of Banker's lenders brokers title and escrow agents all working without any kind of law that keep's them in check . and in so thinking that not the case one would have to come to the mind set that the court's are not left to make up the power of recourse in a dispute of nature that would involve the mortgage or realastate loan witch intailed the Securing of a Promise to pay backed by collateral of REAL property right?
I mean it would be insane to think that the power of the biggest transaction and ones tha have a huge impact on our economy would be left up in the air or worse to have the court with judges that could be swaied faster than any and most public lawmaker are today by bankers with deep pockets at the ready. That would truly be putting the fox in charge of the henhouse now would'nt it?
The Note is changed iinto a sec backed by a REal Propertiy and a promise that someone will pay it or the real property will be taken seems like a SECURITY to me there for what by your mind is the powerr of law in this transaction?
plaese a little help with understanding this would be needed here.
Just so were clear what it is that was said and what I asking for.
You said that:
notarial dissent said...
Neither the UCC nor the SEC have any legal interest in what happens with a promissory note issued in a real estate transaction, and promissory notes are not considered securities by the SEC.
The quotes back to the UCC while of value in certain venues, have none here, the UCC is not valid within real estate transactions and says so very plainly within its establishing acts,
notarial dissent, Is not the brightest bulb in the house.
Please don't post N.D. unless you know what you are talking about!!!!!!
You look like a FOOL!!!!!
let me ask this of all you bank suporting people on here and in the process maybe some hwo don't know might find a few fact out to
1. why is it that the mortgage brokers do all they can to hide the money they cahrge and make in total from a loan they process for you?
why : because they are ripping you off and if they showed all of the money they were making and where it was coming from (as in who paid it to them and who is going to pay for it) they whould be seen for the crooks they are
Fact: they hide there fee's by using code 's so you will not be abkle to understand it and this is for what? other than to keep you in the dark as to how much it costr you for the loan an they do this with the bankers help and blessing.
Fact 2 : understanding one thing that all of the money that is made by a loan is at your cost nothing is ever at cost to the lender YOU PAY FOR EVERY COST IN THE LOAN TRANSACTION WEATHER YOU ARE TOLD THAT OR NOT THAT'S IT JUST THE FACTS OF HOW IT WORKS
fACT 3 : WHEN YOU ARE TOLD THE YOU ARE A HIGHER RISK THAN OTHERS DUE TO YOU SCORE IT IS AKLL DONE SO TO make up a way to charge you more money why would it be anything else than that
look at it if you go to the bank and ask for a loan you pay a higher amount of interesst than you will if you go through a broker and if you ask for a loan and you have a low score (let say you have a bit of bad luck and got injuried andf could'nt work for a bitor something that caused you to mess up on payment that brought you score down)
so you with low score and lets say anther person with a higher score both walk in to get the same loan what happen is that you will pay more due to your low score and this is with the understanding that you are a higher risk because of that score .
Well that ake alot of real goood thinking if your in the business of ripping people off works out great for the banks who charge you alot of up front cost and interest sothey can make the most from you befor e forcing you to lose your house whitch by that point they have made all they think your worth and are ready to get some new blood in the property and start the whole thing all over again.
You have to understand that your mom dad or aunt and uncle got there loan at a different time when this whole lending scam was just a baby they may have or not seen the banks for what they were and what they were doing but they did know one thing they saw no matter what hard time or not the bank would take that home if they did'nt pay their payment on time even if they had paid on it for 28 years the bank whould still take it so they made every effort to pay that mortgage off .
but you see the big picture is if you can some how get your head around this point of banking .
The house you live in maybe owned by you or rented and owned by someone other that you it makes know different to the bank because that house is just a number on a grat big map of this country and all of the land in it (you understand better that you don't ownyour land the home sits on you own the house the land stay's that of the city or county or staten and the end to that is the Gov't but you won the house . If you don't think what I said id true than if you do own where you live then look at your TAX bill and on it in some wording that is like this it will have a brakdown of the taxes on your land and on you improvment to that land .
so yo have the land value $77777
and then you have the Improvment on that land or to it $88888 these two different line items are put on the bill that way as in different areas of or item to
the land is one that is owned and rented by you from the city or what ever your call where you live town ect.
Land:= rent you pay for the use of it to the city ass long as you are on it you will pay that amout or greater but in the most part it is based on a 1% of value and willlnot change as long as you own eevn if you get a larger loan the tax dose not change for most around here it is based on the purches prce that you paid when you first bought it no matter the how many times you may refi the loan so +- to that is the city makes more from you if the price you pay for you home is more in the today pricing index as aposs to if you had bought it a long time ago.Right you with me on this
tax on the land based on the amopunt you paid for your house when you bought it first the more you pay for the house the more the city get's from you by way of taxes ( ie: rent on the land you house sit's and usees for as long as you are there)
now the other part of that tax bill that said improvements now this is your house part of the tax bill and it caould be looked at as some sort of a personal property tax or lux tax kinda thing but it has an amount that is alot smaller than the land amout or the other way around I dont hav it in front of me right now but thei is also taxed on the ame 1% as the land i just went over right your with me here on this right ?
couse you should be asking your self why would there need to be a dierence between the two if there going to charge the same % for both.. ? Good question why would they need to make these two different line itewms on your tax bill if it's the same amout of tax that is charged ..
The resone is because they need to keep them apart because you own only the house or improvment's and the own the land that way if lets say you want to move your house some where else you have the right to do that its your but if you what to do something to it welllit's on therir land you will have to ask them to be able to do it and go through their system and get checked by their inspector when you do something and more and more dence areas are becoming more like living where you are part of an asso. and pay dues and they tell you what you can and can not do like what color to paint you house if you weed are to tall or if one of your neibors don't like what your doing they have a way to complain and have you made to follow the line of the asso. law this what the building dept . has become it most areas the can tell you that you need to put a new roof on your home because it is there chose and they think you need to because it looks like it or bad . you have no real recourse to stop this from happening and if you don't cut those weed or put that new roof on and in short order they will fine you and then have the wpork done and charge you if you don'tpay them they will put a lien on your ??? guesss what ?/ right house not the land but the house portion and you wiill see that if that ever happpens to you on you tax bill but you all ways have a chose you can unbolt that house and move to some other land that will more than likly have the same rules that govern the taxes and so ther you have it that is the brake down of your home and why it is that you only own it and the land is not your as many may think other wise and have be told that and at one point that was the case you owned you home and land it was called and in some areas there are what is called un incorperated areas of land and these are still owned land and home or inprovrment by the person living on them you might have some areas in and around you lik ethat I do and my city is not small so who know check the records at tteh county and see these are the last land areas where someone realy owns the land there homes sits on.
Now you mat ask what in the hell dose that have to do with the brokers and bankers and their crooked ways of doing thing ... well I'll tell you in breif cuz my fimger is tied and all for now it work it to the picture of the big map I told you about where the bankers look at you and your loan as just a spot wher eit is either making them the most money for m you pr whom ever is on that spot at the time so it should make more real sence to you when you look at aloan likethis with that in mind
If you have a loan on a home the bank wants tio make as much as it can from you well you have it so and thing and everything is made up in a way that it will cost you the most and willl only get more and more in till a time that it is shown that you have no more to give (this is done through higher rate because of score or the many other ways they have to charge you unjust and unfair fees that they do and not just in that loan you get it from you credit card and everything tied to bamks her if you look at this why is it the banks charge you all of these out ragouse fee's when you are in hard time or look like you have no money they give you loans with higher rate s knowing that it will make you defalt but not before they grab all they can from yopu in the way of late fees oL fees hoght rates points because of bad credit
when all of this is the exact opposit of the kinda things that would help you when your down on your luck
now they lik eto call it things like well we need to make back the monety we lose when some one defaults on the loans or credit cards and the cost fopr all tha crap B>S. the make planety to cover that and then some with just everyday scams they have they do all they can to keeop you in the dark about how all of this work when it comes to lender because if you new how it workd you wooulkd be pist and whould'nt doit i would hope you would'nt anyway.
they make all they can from you and when there done you are worthless to them and they discard you and get ready for the next person who will fill that spot on the map of numbers now that you done they get to start all over agin the new person will be p[paying more for hye purches of that house and ther eby pay more th the city for taxes on that to ubderstandit look at this
if you had a houseyou got for 100K and you wer paying your taxes they woulld be somewhere around 1500. for the year based on 1.5% thats other .5 % is the real money that thing in the city cost the rest iis just buffer cuz or look at witch ebver way you want iy maybe it 1% and the .5 is the overage but the point is that they making more from someone who buys it and paid 200K fro purchers than if they kep you there paying on that prices of 1% on 100K make sence to you I hope so
so all the way down the line if you ar eworking and making money that they can get out of yopu or youy jhave something in that way thatgive you money they will have many things as you go along to get that money from you fair or not and they do this right in front of you and try and hide it when needed with wording or thing you won't understand like in the arrears as far as payments on your loan witch simply means your payment made this month on the 1st is paying the last months interest and on your loan not the current month you in. Boy I can not tell you out of the 16 CSReps i had delt with about a wrongamount on my statement for my loan all of then tries to dazzel me and gett me toi go away by using that word arrears hoping I did'nt know what it ment as most and there by neing to ashamed to continuie ..Wrong on there part I didd know what it mant and so the 16 difrednt CSreps and a sluew of lies that brought me to the head lawyer and all it was biggst amount of that kinda of b.s. I had seen in a long time as if they were trained to do so each and everyone of them . makes you think why would abank want to have their custiomer service reps be acting and making customer s go away.. think because if the put you off by puting you on hoold for ever and you give up they get to keep that money you werejust about to complain about and have reembursesd you get it your not calling to give them money and they know thios your calling cuse something has cost you and you want it back it mightbe they put charges on there as in knowing hey were'nt right but playing the stacked odd's that they will get it in thge long run when you tier of all the B.S hoop thell mak eyou jump only to loss you when they transfer you to theatother deptment that handels that kinda of what ever it is you calling about because it not them that do that . yea right o.k. I'll but that that's it for now I hope this sheds some like or makes you more mixed up then ever at least soemchange would have taken place whith regard to banking rig
their crooks that it there is know other word for hem and the thing once seen that tey do or have done by wahy of normalace in the public ,./.
I knbow bad spelling and grammer but I'm real tierd to night so heey sue me how about that.
l8r
if you have and questions or comments post them I would love for some one too show me wrong ion theses point but I don't think I am for the most part about this
hey mogel what is the name of the company that can assist you mortgage audits to determine violations
Post a Comment