This is what we found after doing a search on Google for mortgage debt elimination

ACR's comments will be found at the bottom in blue

Watch out for debt-elimination scams

The Easter bunny-believers who buy into this logic find themselves deeper in debt than ever -- and well down the road to financial ruin.

 By Liz Pulliam Weston

Okay, it's official: There is no argument so stupid that somebody won't buy it.

I thought the folks who fell for the "income tax is unconstitutional" scam were pretty soft-headed. But they're geniuses compared to the ones signing up for the latest "debt elimination" swindle.

Here's how it works: For a stiff upfront fee -- sometimes $2,500 or more -- you can get a certificate to take to your bank that supposedly eliminates your obligation to repay your mortgage, credit cards or other debt.

What the victims get, of course, is an entirely bogus document that starts them down the road to trashed credit, foreclosure, financial ruin and possible federal fraud charges.

People fall for this . . . and then they start getting collections notices. They don't really understand what's going on, said FBI spokesman Paul Bresson.  This is a growing problem, particularly in the past five or six months.

The Feds are really angry....
Spread via Web sites, e-mail and those ubiquitous hotel ballroom seminars, these scams have proliferated to the point that the Federal Reserve Board and the Office of the Comptroller of the Currency, which regulates the national banks, have sent out alerts to the banks they regulate. The warnings tell banks not only to be on guard against this scam but also to confiscate any documents that the borrower presents and send a suspicious activity report to the FBI -- the same kind of report used to alert the bureau to information about possible terrorists, money launderers and other criminals.

From the tenor of (the warnings) they're really mad, said attorney Gary Van Ryzin, chief legal compliance officer for Great Lakes Higher Education Corp., a student loan servicer and guarantor based in Madison, Wis. They take the integrity of the financial system pretty seriously.
 

There may have been companys that bilked people out of their money.  You find that in all walks of life.  A stiff fee of $2500 is not so stiff when you are eliminating hundreds of thousands of dollars of mortgage or credit card debt.  The mortgage elimination process actually costs $3,000 out of pocket.  But the proof is in the pudding....we have reconveyed over 500 mortgages and have more than 200 on the way.  It all takes about 6 months.  The bank cannot offer up proof that it loaned anyting to the mortgage holder.  Our lawyers pin them down.  Check the law books on Contracts.  One of the principles of a valid contract is that both parties offer up "consideration" - that is,  both sides put up risk or something of value.  The bank doen't put anything up...they just make you think they do.

The way our companies work, you do not get a "certificate" as she mentions.  You become educated in the process and understand what is happening with banks.  No FBI employee, or Chief Legal Compliance Officer can deny what we are telling you about the Federal Reserve System, and how banks get something for nothing.  We can send you documents printed by the Fed (Federal Reserve) admitting how they create money out of thin air.  All one has to do is understand the Law of Contracts, and that we are governed by the Laws of Commerce to see that we are being manipulated.

Read the material, and learn, learn, learn.  Do not let the scare talk sway you.  Is this article denying that banks use your promissory note to create bucket loads of money that wasn't there before your signature?  When all a person can do is use insults and not offer any facts, you know that it is a message to scare you off. 

The Federal Reserve System is a private corporation owned by mostly rich european bankers.  It is not part of our government.  After all, what would you do if you were a bank, and people were discovering your little game?  You would try to scare them off, wouldn't you?   There is a hole in the fence and the cattle are starting to escape.

The debt elimination movement is growing and the banks are getting worried, yes indeed.  Someday, we might actually have a system that does not create inflation, and our money is actually worth something.  We even have bankers contacting us who didn't know the whole story before, and they want to eliminate their debt, too.

"the Feds are mad" -- Oh, please.  (please note that the word "Feds" refers to the FBI - the word "Fed" refers to the Federal Reserve in normally used parlance)

Link Back