What really took place at the bank? w/ Solutions
- Posted by Jackie Grant Vel’oice: Harper
What really took place at the bank…?
I’m going to delve into something here that has never, ever crossed the mind of Joe Six Pack from the time of his birth to his untimely death….other than the fact Joe was constantly in debt.
Joe goes to the bank one day as planned, to meet with the loans officer.
Upon entering Mary Stein’s office she knows what Joe is looking for.
Joe seats him self and Mary proceeds to tell Joe his income to debt service ratio allows him to qualify for a $240,000.00 mortgage loan.
Joe beams as he looks around her office at the ads portraying the possibilities of getting a bank loan.
Joe thanks her for the info confirming his application and leaves to go to his real estate broker.
Four days later Joe makes an offer to purchases and after some negotiations settles on a firm price.
Joe heads back to the bank to see Mary Stein where she pulls out some forms for Joe to sign and then slide them back across Mary’s desk.
Joe is not aware that he has just given the bank an asset item, a loan as it were, in order the bank may have a deposit on hand, in order to fund the check they will send to the people Joe purchased the house from.
Joe is completely oblivious to bank rules and policy that forbids the bank from loaning any of its depositor’s funds (liabilities) to him.
Joe is completely oblivious to bank rules and policy that forbids the bank from loaning any of its own money (profits) or credit to him. (no bank has credit, only liabilities to shareholders).
Joe is completely oblivious to bank rules, policy and Generally Accepted Accounting Procedures that show Joe is the only party to come to the bank with any funds in order to issue a check to the seller.
Joe is completely oblivious to bank rules, policy and Generally Accepted Accounting Procedures that show the only thing that took place was an exchange of asset items, neither of which were legal tender at the time of negotiation.
Yet, Joe pays…and pays, for maybe thirty years with compound interest, setting Joe up for life with a ball and chain on his ankle attached to the bank.
At the close of the term and the bank receiving final instalment, Joe is eager to have his mortgage burning party.
Joe finds in his mail box a letter from the bank along with a copy of his mortgage stating the bank has discharged his obligation to the bank.
Joe is completely oblivious to bank rules and policy as to the meaning of the words; “discharge”, “copy” and “obligation”.
Joe is completely oblivious to the fact that according to law, a copy is a “forgery” and therefore, the bank retains the original instrument of indebtedness, but, not in its original form.
Joe is completely oblivious to the fact that by doing so, the bank retains “legal title” (registered owner) to his home and as the land titles office indicates that Joe has retained “equity title” as beneficial owner, a tenant.
That evening Joe gets drunk as he and his wife along with some friends burn the worthless piece of paper Joe received from the bank.
Joe is completely oblivious to the fact that according to the generally accepted rules of psychiatry and contract law, he is an utter fool and idiot….through no fault of his own.
Joe was taught something to the contrary in school, at home and in business.
Now….
what would happen, if Joe woke up…..by the millions and called the banker out on this one?
And sent these to his banker as an offer to settle the above referenced matter?
Effectively Dealing With Creditors
The following 5 letters have been successfully used by a great many people over the past few years to effectively deal with creditor difficulties. We make no representations to the effectiveness of this strategy and we strongly advise interested parties to seek independent professional or competent advise when utilizing such strategies.
Letter Number 1:
For use with just about any type of financial obligation issued by a licensed financial institution mortgage, credit card, bank loan etc. (Does not work if the loan is from a “private” source.)
From: ____________________
Date: ____________________
To: ____________________
Re: ___(Credit Card, bank loan, mortgage,
etc.) Account Number:___________
To Whom it may concern:
I would like to make arrangements to settle the above referenced matter. Please provide me with your statement of the amount owing as of ___(pick date 2 weeks out for example)___, together with your assurance that you will accept payment in direct and
immediate exchange for the original instrument of indebtedness in its original form.
Thank you very much.
___________________________
by: authorized party
Letter Number 2A:
For use with adjustments in most cases when you receive the initial response from Letter 1 above, where they confirm an amount owing and provide some comment that the “statements” or some other lame documentation they provide are evidence of the
obligation.
From: ____________________
Date: ____________________
To: ____________________
Re: ___(Credit Card, bank loan, mortgage,
etc.) Account Number:___________
To Whom it may concern:
Thank you for your letter of ________, wherein you confirm my outstanding balance as
requested. Also, you have confirmed that the “statements that _____(name of institution here)____120 sends are your evidence of your indebtedness to the Bank”. (This is a quote from actual bank letter and wording may vary slightly, but should where possible be quoted from their letter.) Accordingly, would you please confirm that the Agreement that exists between us which ratifies this specific application of these “statements” and confirms me as the party obligated to the Bank will be delivered to me as the original instrument of indebtedness in its original form, in exchange for payment in full of my obligation as may be referenced by these “statements”.
Sincerely,
by: authorized party
Letter Number 2B:
For use with adjustments in other cases when you receive the initial response from Letter 1 above, where they confirm an amount owing and simply ignore the second part of the request.
From: ____________________
Date: ____________________
To: ____________________
Re: ___(Credit Card, bank loan, mortgage,
etc.) Account Number:__________
To Whom it may concern:
Thank you for your letter of ________, wherein you confirm my outstanding balance as
requested. It is apparent that you have overlooked or ignored my request to confirm that you would accept full payment of the alleged obligation from me in consideration of your delivery to me of the original instrument of indebtedness in its original form. Accordingly, unless I receive your written confirmation that you will accept payment from me in consideration of your delivery to me of the original instrument of indebtedness in its original form on or before ____(pick a date like 15 days from sending the letter)____, I will conclude that you are either unable or unwilling to comply, and I will thereafter consider the matter between us to have been legally and financially settled.
Sincerely,
by: authorized party
Letter Number 3:
For use with adjustments in other cases when
you receive NO response from Letter 1 above.
From: ____________________
Date: ____________________
To: ____________________
Re: ___(Credit Card, bank loan, mortgage,
etc.) Account Number:__________
To Whom it may concern:
I have sent you my request as of ___(date)___ for you to confirm the balance owing on the above referenced matter and for you to confirm that you would accept full payment of the alleged obligation from me in consideration of your delivery to me of the original instrument of indebtedness in its original form. It is apparent that you have overlooked or
ignored my request. Accordingly, unless I receive your written confirmation that you will accept payment from me in consideration of your delivery to me of the original instrument of indebtedness in its original form on or before ____(pick a date like 15
days from sending the letter)____, I will conclude that you are either unable or unwilling to comply, and I will thereafter consider the matter between us to have been legally and financially settled.
Sincerely,
by: authorized party
NOTES:
1. The concepts outlined in these documents will also work for most Court Orders to pay. Simply change the wording such that you are requesting confirmation that the court will accept payment in consideration of their delivery to you of the Original Order, as duly executed by ___(Judge name)___ and in its original form (which is the original instrument of indebtedness).
2. This process will not work with private lenders because in most cases they can and will
produce the original instrument of indebtedness.
3. If you receive any communication from a collection agency or lawyer representing the financial institution, you should follow the concepts outlined in the above letters but ONLY in direct correspondence with the financial institution. NEVER respond to a lawyer or collection agency with anything other than the concept outlined in
Letter 4 that follows.
Letter Number 4:
For use with when terminating communication from financial institution’s lawyer or
collection agent.
From: ____________________
Date: ____________________
To: ____________________
Re: ___(Credit Card, bank loan, mortgage,
etc.) Account Number:___________
To Whom it may concern:
I confirm that I have received a written communication from you dated ___(date)___
wherein you make reference to the above captioned matter. It is apparent that you are acting on the presumption that some relationship that you may have with ___(name of bank)___ , is in some way related to me. I am not a party to this implied relationship you have with ___(name of bank)___,either directly, indirectly or by means of any tacit consent. Accordingly, I do not understand how to respond to you inasmuch as I am unaware of any contractual relationship between us. As a courtesy and because you may find it helpful, I have attached recent correspondence between myself and ___(name of bank)___, wherein I have repeatedly offered to settle the mater between myself and ___(name of bank)___.
Sincerely,
___________________________
by: authorized party
c.c file
Letter Number 5:
Alternate for use with when terminating communication from financial institution’s lawyer or collection agent.
From: ____________________
Date: ____________________
To: ____________________
Re: ___(Credit Card, bank loan, mortgage,
etc.) Account Number: __________
To Whom it may concern:
I confirm that I have received a written communication from you addressed to _____________ and dated ____________ wherein you make reference to the above captioned matter.
It is apparent that either:
i) you are acting on the presumption that some relationship that you may have with __(name of bank)__, is in some way related to me, which if such presumption is the case, I confirm that I am not a party to this implied relationship you have with __(name of bank)__, either directly, indirectly or by means of any tacit consent, and accordingly, I do
not understand how to respond to you inasmuch as I am unaware of any contractual relationship between us; or
ii) you have entered into a contractual relationship inclusive of evidence of consideration
paid to or agreed to be paid to __(name of bank)__, which contractual relationship has caused you to become the legal holder in due course of an alleged obligation between ____________ and __(name of bank)__.
If indeed you have entered into such acontractual relationship with __(name of bank)__, asset forth in clause ii) above, then I hereby confirm that I accept your offer to reduce the amount of the alleged obligation from $______ to $______; and I confirm that I would like to make arrangements for settlement of the above referenced matter immediately upon you providing me with your written and legally binding assurance that you will
accept payment in full settlement of this alleged obligation in direct and immediate exchange for the original instrument of indebtedness in its original form that you must now be holding pursuant to the aforesaid contractual arrangement between you and
__(name of bank)__.
Sincerely,
by: authorized party
NOTE: underlined portion in last paragraph
may be omitted if not applicable.
What is right and wrong DOES matter in life:
All the money in existence in our monetary systems has been borrowed at interest from a bank. When all currency in the system is borrowed at interest, there is NO MATHEMATICAL WAY to pay one penny of interest without pushing some people off the table via cancellation of their obligations to pay principal through bankruptcy, or through the kind of cancellation programs offered.
Reform must come from the side of dissatisfied customers, because the lenders have NO
motivation to move away from their current position of power and influence. If people who favour the customer over the lender are able to use the law to stimulate change, any imbalance created by giving people their real estate for free will best correct itself through a change in banking laws and practice, NOT through perpetuation of the present system of GRAND THEFT of the entire wealth of society by the banking cartels. Under the present system, someone HAS to get something for NOTHING. There is no other way.
Either the bankers continue to get interest payments for NOTHING at risk, or customers get free real estate after “borrowing” money that was created out of NOTHING and having the “loan” either cancelled for fraud, or discharged in bankruptcy, or the lender
gets the real estate from the customer for NOTHING, following a foreclosure on the loan that was created out of NOTHING. The answer is to stop basing bank lending on NOTHING but, a fraudulent exchange.
Additional info:
Something purported to be signed at a later date is not the original instrument of indebtedness…
A copy from a fax s not the original instrument of indebtedness…
A certified true copy is not the original instrument of indebtedness…
A sworn affidavit claiming lost note does not issue, as the original instrument of indebtedness…
The important aspect of all this is to obtain the banks/creditors ASSURANCE they fulfill their legal obligations, that they will exchange the debt instrument – in its original unaltered form – for payment, from you, in full, to allow you to clear the alleged debt.
