Oh I don’t disagree, IVENT, that there is fraud. My point is simply that if you’re in the position to continue paying your student loan until you can prove the fraud, then do so. No point in screwing your credit if you don’t have to. Keep your credit in tact (if you have the funds that is), hire an expert to do a securitization audit and go to court to get the obligation discharged.

4EQLTYMOM.They did this fraud with everything that had a revenue flow…They sold an interest in many speculations with nothing to back that up….Where they have many college students by the throat and they can’t just not pay is the fact that their grandparents co-signed and used their homes as collateral to get these loans…. .I found at a legal advice website that you may want to look for an Unauthorized signatureor Forgery of the borrower’s name on the Promissory Note or disbursemnent checks. If you find this fraud the “loan” may be subject to discharge in whole or in part due to those factors..

That’s great. Stop paying. Fuck your credit. (Yes, this is an option for those whose credit is already fucked, but for the rest of us, not an option.)

So what do you do about Student Loans? They have the same securitization problem mortgages do. Your mortgage was paid for on the front end (and your pretender lender made a profit because they marked up the value – I’m simplifying this greatly), they became your servicer who receives your monthly payments and pays interest to the investors and pockets the rest. I.E Your pretender lender is getting paid TWICE.

Well the same thing happened with your student loan. The loan was bought (and probably bought higher than it was worth), someone is collecting your payments (just like your mortgage servicer), who is paying the investors their interest and pocketing the rest. Again, just like with your mortgage, your servicer is BEING PAID TWICE.

Get a securitization audit of your Student Loan to find out who truly owns it. Demand to see the original note you signed and consult a lawyer to figure out what to do next.

(This is all I know about the Student Loan process. I know TONS about the mortgage process and picked this up in my research. After getting Quiet Title for my parents home – read free and clear – I’m going to research doing the same for my Student Loan. But I haven’t gotten that far yet.)

Protesting raises social awareness and we do need that right now…

protesting does work. it leads to social change and changes in legislation.

i like your list but protesting belongs on it..

I like Mandelman but he keeps pushing for loan mods..our homes are paid free and clear by all of us because they never lent us any money, the US TAXPAYER FUNDED THE WHOLE OPERATION, we lent them all of the money….. THEY MADE HUNDREDS OF TRILLIONS OFF OF ALL OF THEIR FRAUD…ON THE INTEREST FROM THE MORTGAGE PAYMENT MONEY THEY NEVER LENT US….AND SOLD INTERESTS IN THE NOTES UP TO TEN TIMES A PROPERTY, …FORGERIES, SECURITIES FRAUD, DESTRUCTION OF LEGAL DOCUMENTS, UNFAIR AND DECEPTIVE LENDING PRACTICES, RECREATING CHAINS OF TITLE BY RECREATING MISSING DOCUMENTS and PHOTOSHOPPING NOTES…. AND ON AND ON…………. AND NOW THEY ARE ALL JUST WHORES…..They don’t have the right paperwork and they never will….there are no assignments and even if they had the original notes, there are NO ASSIGNMENTS…They have no more than 90 days to deliver the loan files with the endorsed notes to the trusts and record an assignment…….There is no legal fix for what they did not do..and dumping unsecuritized loans in a global trust is just more securities fraud……Tell the banks to eat their shit and die…they are all overleveraged by 140 trillion in collateral mortgage fraud…their debt is unsustainable and I am through paying for all of their fraud….FORECLOSURES ARE ILLEGAL…THEY OWE ALL OF US , THE U.S TAXPAYER,…..TRILLIONS…….

aka “The Tasmanian Devil”.

http://mandelman.ml-implode.com/2011/04/bank-of-americas-tasmanian-devil-says-we-shouldnt-be-thinking-of-our-homes-as-assets/

We have to remember, critical thinking is key here…I don’t agree with much of anything the politicians have to say regardless of race, color or creed…they are all liars..they are the real haters of everyone…! .It is going to take some real out of the box thinking here by everyone….For me and many other Americans, No ideas are off the table..Look at where we are at..I have had it! Esp. after what Obama said yesterday, he is a boldfaced liar! These bastards are ruining this country and I for one, am keeping and open mind.

I meant to say there have been books written by Harvard Professors about The John Birch Society and Fabian Socialism…Sometimes we have to look outside the box to get to the truth…He is not calling for revolution against anyone but the financial terrorists….