Mortgage Elimination  is an administrative process, which disputes the debt through administrative procedures and administrative law.  Using the statutes, laws, case law and acts that are positive law, the process begins with administrative letters of dispute sent to your mortgage bank.  The administrative process is based on U.S. Supreme Court decisions, United States Code (USC), the Fair Debt Collections Practices Act, the Fair Credit Billing Act, the Uniform Commercial Code (UCC), and numerous Banking and Lending laws.

"We Thought We Were Getting A Loan"
A letter to a friend:

Dear (name deleted)

I’ve recovered my composure, but I’m still dazed.  A friend called me to ask if my wife and I had a conventional mortgage and if we did, did we realize that we were being badly misled?  That’s a serious charge and I didn’t understand, so he explained that our lender used the promissory note we signed at closing to pay off the former property owner, never loaned us money out of his own pocket, did not tell us, and still requires monthly payments! 

But, I protested, how can he do that?  We’ve paid more than $140,000 so far, keeping our agreement at the risk of default and foreclosure.  And wasn’t the lender taking a big risk with us for 30 years by lending us the purchase price of our home?  No, he wasn’t, isn’t, and never will be. 

Little did I know that the lender deposited our note in an account just like cash, and listed it as a new asset.  He then obtained credit from the Federal Reserve with this asset, expanded that money anywhere from 9 OR MORE  times, used some of the money to pay off the previous property owner, and kept the rest.  He never loaned us a dime!  In fact, we loaned him money and he literally carries our promissory note on his books as a liability, just as if we had deposited cash in his account that he would then be obliged to give back to us if we demanded it.  We literally paid for our house on the spot with that promissory note, but we’re paying again, over 30 years, for the same house!  This is crazy, I said!  I thought we were getting a loan. 

In fact it was an exchange.  Value for value.  Our note for the house.   No loan that passes the “sniff test” was made to us at any time.  The bank never loaned us anything.

In an honest loan agreement, the lender’s supply of money would shrink by the amount that he loaned us.  He’d be earning his profit (interest) by risking money that was really his.  In our case, the lender’s pool of money exploded when he took advantage of his status as a Federal Reserve lender and created money out of thin air with our note.  If a private lender tried this, it’d be counterfeiting and he’d end up in the slammer. 

It’s called fractional reserve banking and all lenders who are part of the Federal Reserve System do the same thing.  Only they don’t tell you what they do with your note, and that’s dishonest.  Why? Because by law, if the actions of either party to an agreement significantly alter the cost or risk as originally represented, he is obligated to inform the other party.  Lenders NEVER tell “borrowers” that their promissory notes are instant cash cows, that they use your note to fund your own loan, or that they incur little risk.  But you still pay a second time, month after month, year after year for something you’ve already paid for with that note! 

The lender is NOT telling you that: 

• He’s funding the purchase of the property with your promissory note and that no money comes out of his pocket to do that. 

• He does not incur nearly the risk he says he does.

• Your note is a negotiable instrument, redeemable in cash for up to nine times the face value of your note, exponentially increasing his profit potential.  

• And if you understood what your lender did with your note and you had a law dictionary, you’d realize what your Deed of Trust or Mortgage really says, which is that……

  • Your lender accepted your Promissory Note as payment in full for the property.

  • You enter the Deed of Trust or Mortgage agreement after signing the Promissory Note as the sole owner of that “Fee Simple” property, paid for in full by your signature on the note, and then you sign it away as collateral for the privilege of paying again, paying this “trickster” principal and interest for the next 30 years.

 Whereas, silly us,

• We thought we were taking out a loan.

• We had to qualify for the loan, establish ourselves as a worthy risk.

• We had to jump through hoops to provide all the documentation – tax statements, banking references, income statements, cash balances, investments, other “loans”.

• We felt so grateful to the lender for making it possible for us to have a home.

• We sweated the possibility of foreclosure, loss of our home and our credit rating.

• We’ve made every payment on time, over $140,000 so far, with 22 years of payments to go.

 Have we kept our side of the bargain?  You bet we have.  I even feel like we should keep paying because I’m old fashioned and my granddaddy told me you don’t get something for nothing.  Well, did we get something for nothing?  No, but the lender did!  Were we tricked?  Yes we were.

The lender created the money to purchase our home from the previous owner out of thin air with our promissory note, expanded it up to nine times, invested this free money to get free interest, never paid taxes on this extra money he created, then held hostage the title to our home that he didn’t pay for while he began collecting 2 ½ times the original purchase price from us one month at a time for 30 years! 

We gave that lender enormous value; value far exceeding the purchase price of the home we live in.  But, like millions of other homeowners, we couldn’t see behind the curtain that was drawn when we handed over the promissory note.  We didn’t know how banking works.  We didn’t understand what constitutes value in our system these days, and the lender never told us.  Why would he?  If he had, we’d have demanded a darn good reason why we were going to have to pay him more than $500,000 over 30 years, for a house that we had already paid for, not to mention the liberties he took with our note by expanding its value without our permission.

We’re doing something about it, and you can too.   We’ve submitted our documents to a very professional company that for a fee can satisfy the outstanding balance on our mortgage legally, safely, and permanently. No more mortgage payments ever again in as little as 6 WEEKS TO 7 WEEKS

Your friend, (Name deleted)

Eliminate Credit card debt, auto loan, student loan.... totally -- cancelled, terminated--legally.  If you are heavily in DEBT to credit card companies, we can help you. Student loans or tax liens? Discharge these debts quickly, legally and without damaging your credit report (sometimes it happens but you can get it changed)

Last year there were over 1.3 million bankruptcies, the majority caused by unmanageable credit card debt.   What these credit card holders didn't realize is that when banks approved their credit card and established their credit limit -- the banks used the applicant's name and signature to create the money to fund the card.   So, in essence, it was the applicant's own money!  You created the money with your signature.  The bank never actually loaned you anything.  They never had the money to loan to begin with.  This applies to mortgage loans, as well.  This is how the entire American banking system works.  Never do they loan you anything out of their pocket, yet they expect you to pay them back every month for something they did not give you.

How can such a con game be allowed? A few generations back, just as a new Congress and President were about to take office, and when many Congressmen and Senators had left Washington, DC for their Christmas holiday, laws drafted by international bankers to set up the Federal Reserve System were passed hurriedly with little debate. Most people do not realize this, but the Federal Reserve also owns and controls the IRS. The Federal Reserve is a private corporation and IS NOT a part of the government.  Our constitution clearly states that only the U.S. Treasury can create money.  Then how did a private corporation - the Fed - get where it is?

The Federal Reserve is not part of the U.S government, there is no "Reserve" and it is not a "Bank".  It is a cartel of rich bankers, mostly european,  who control the US and World (along with other central banks) money supplies. 

There are existing statutes, policies and procedures that banks and other financial institutions are required to follow, however. Even a cursory examination of these laws reveals that modern lenders breach their contract with every customer! Banks, credit card companies, and other financial institutions advertise that they are in business of lending money, but this is so false that their own accounting system shows that the exact opposite is true.  They take your note that you signed, and convert it into a bank asset without telling you.  They then deposit it into their asset account as their asset.  In bookkeeping, when you make an entry into the asset column, you have to balance it with another entry in the liability column.  What do you think they enter?  They make an entry that they owe you that same amount back!!  But they don't tell you that part. 

Usury Law states that no interest can be charged for a loan that never existed. The credit card companies never gave you a loan. If you think they did, ask yourself this question. Did your credit card company ever send you money for the amount of your credit card limit along with your credit card when you first got it?

Contract Law states that when you sign an agreement or contract, you must be given full disclosure of what is about to happen, yet the credit card company or bank never told you how they were going to fund your credit card, did they? Since the bank or credit card company never told you any of this, the contract is null and void because you were mislead. You assumed that they were loaning you the money when in fact that is not true. It was in essence you, yourself, who gave yourself that loan. The bank only acts as a vehicle to make that happen for you.

The truth is your strength and we show you how to use it to your advantage in correcting this.

In the past few years, we've helped many folks, just like you, to lawfully and morally "unload," terminate, "zero-out" and CANCEL millions of dollars in credit card debts. If you've been looking for a way out of debt,  you'll discover valuable facts very few Americans know.......knowledge you can use to get started now canceling your credit card debt!

It's funny - you can tell people this, show them the law, reveal the truth by exposing the fraud, and most people won't believe you.  This is 2004.  People are DUMBED DOWN.  People are SHELL SHOCKED.  They've heard it all (or think they have).  They are wary of the con artist who will bilk them out of their hard earned money.  AND I DON'T BLAME THEM.  But, I feel sorry for those who won't listen.  They are avoiding a procedure that will set them FREE.

FREEDOM FROM GOVERNMENT AND BANK OWNERSHIP OF YOU !!

Does this sound incredible to you? That you could actually cancel your credit card debts and never make another payment? More than a few of the people who have come to us
for help have felt that way, too:

  It just takes a willingness to see the truth behind the illusion and the courage
......to take back your power...... 

Below is an actual document that reveals the power that banker's expect to exert on the hapless people who become victims to their banking system that gives people the illusion that they are in debt to the bankers.  They are actually saying how they want to control us...by foreclosing on us we become weak and fearful and hence compliant like sheep.

E X T R A C T: THE BANKER'S MANIFEST

Capital must protect itself in every way, through combination and through legislation. Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people lost their homes, they will be more tractable and more easily governed by the strong arm of the law, applied by the central power of wealth, under control of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principal men now engaged in forming an imperialism of capital to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd. Thus, by discrete action we can secure for ourselves what has been generally planned and successfully accomplished.

 from the Banker's Manifest, for private circulation among leading bankers only. "Civil Servants' Year Book (The Organizer)" Jan 1934 & "New American" Feb 1934

PS  This applies for credit card debts and student loans debts as well.

• If you are considering a debt consolidation, read this first

  "The ugly truth about why consolidation is a very bad idea."

  • FACT: The so-called non-profit debt consolidation services make thousands of dollars from the money you do pay toward the settlement to your creditors.

  • FACT: Your creditors will report the unpaid settlement portion to the IRS as imputed income and you will have to pay income taxes on the money you did not pay to the creditor through consolidation.

  • What!? That is insane!

  • Wait, it gets worse! The creditors in your consolidation agreement will continue to report your account to all credit bureaus as a bad debt that was never repaid. What incentive do you have to make any deals with them?

  • Did you know that 98% of the people who qualify for debt consolidation programs never complete them? They can't afford to continue the payments and when they finally give up, they find that their debts are much higher than when they began debt consolidation.

  • What if you just stopped paying? Gee, who ever thought of that? There are no more benefits or incentives to continue paying, the only thing you can look forward to is wasting more money until you realize it's hopeless.

   

  Read excerpts from the book "The Creature from Jekyll Island"

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