Some banks and others who handle mortgages have been forcing homeowners into a corner: You want a chance at saving your home? Then you’ll have to waive your right to sue.
A few months ago, Bank of America offered Sergio Cortez of Staten Island, N.Y., the help he desperately needed to stay in his home: a break on his mortgage. Like millions of others, he was facing foreclosure. But there was a catch buried in the fine print. Cortez had to waive any possibility of ever suing the bank for anything relating to the loan.
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4 comments:
This includes sueing them for "not having the money they loaned you in the first place."
The Banks did not have the money you borrowed. You created the money (debt) out of thin air - with your promise to "repay" it.
Money is debt in America. That is why so many other countries want to get away from the stranglehold on their economies by the U.S. Dollar. These countries must pay for commodities in U.S. Dollars - which are being created every day at lightning speed. Our savings are being devalued quickly by all of this money printing.
The banks don't have any more right to your house than do you. They just want you to think they do!
Hope and change baby!
859-If the bank makes you the loan that purchases your home, and you do not pay that loan, the banks are entitled to the property. I don't know how people don't understand this. If you don't pay, for what you've signed up to pay for, you don't just get to keep what you have. I know times are tough, but that doesn't entitle people for what they haven't paid for. The banks don't need to save you or your house from foreclosure, so of course you'll be waiving some rights in order to keep a home you haven't kept up payments on. You broke the contract, not the bank.
9:49
The Bank did not have the money you borrowed. You created the money in your name. The Bank has no money. The money is debt created by the promise to pay.
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