BOMBSHELL!~SMOKING GUN!- FANNIE MAE ADMITS MORTGAGE NOTES ARE INTEGRATED WITH MORTGAGE (AND ARE NOT NEGOTIABLE)
The fact that the standard Fannie/Freddie Mortgage Promissory note is not negotiable isn’t really subject to much argument at this point in time. Oh sure, we’ve got courts…and even some appellate courts…failing to engage in any analysis and making a practical determination to prop up an industry that has ignored the law, ignored their own contracts and generally just bullied and obfuscated their way into an analysis that continues a fiction and delusion. Hat tip as always to the Obi One Kenobe of foreclosure defense Max Gardner on this.
Well, just to provide additional support for this argument, I include a letter from Fannie Mae that makes an explicit and crucial point. When Fannie and the bankers got together to draft their note and mortgage, they intended that the note and the mortgage be read together as an integrated document. As indicated in this post, read particularly the highlighted mortgage provided by Margery Golant…it makes the point very clearly. The provisions included between both the note and the mortgage are all bound together in one, integrated, unified document.
What fraudcloure teaches us is we’re all just tottering along, making excuses and accommodations for the banking and financial services industry that set their mess loose upon this world, with no regard for the laws and no foresight for the consequences when it all came crashing down. Our nation’s courts, rather than forcing them to take the hard medicine and learn from their failures, plays the role of an abused spouse, apologizing for the brutal beatings she continues to take every single time a trashed foreclosure case comes before her.
Read the Fannie Mae letter here…
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This is a must read!!! Read the first part then click on part 2. Stop worrying about the note and look at the facts! After reading this the picture will become clear!
http://www.rumormillnews.com/cgi-bin/archive.cgi/noframes/read/165296
that letter seems to be dated 2008, a lot has happened since then
No wonder modifications are not being offered on fannie mae loans and the Hill and White House are not forcing the issue. If I read this correctly, there is no option for legal modification! The only option would be a payoff and new loan!!!!
Is this correct? Someone clarify for me. Where 90% of all loans are fannie mae or freddie is this why they aren’t being modified and there is a huge push now to short sell directly from the borrower without foreclosing. They have to sell and clear the note because it can’t be modified! Am I missing something?
Had a modification lately? federal? fannie mae? promise of negotiation if run into any problems? think again! during entire 3 yrs of perfect payments you were never taken off default list?? no contact of foreclosure! new california homeowners protection act? as most is too little too late! does it matter! No! they will do as they please; the banks agents! Bankers Asset Management? need a little time? that will be $100 a day! not quite ready need a few more hours? our group will assist? just go unload your car and come back to your things locked in truck? unload?? want your cash 4 keys? no answer? will keep everything! make alot of noise? will go through and return photos? house left in perfect condition? only kitchen to do? can;t leave anything outside home? you are the closest to non existant, contact the police department, city? civil matter? theft? wrong doing? violated? raped? emotional? absolutely! anyone able to fix it for you! homeless now?? does it matter? is anyone paying attention? look how long some of you, even those with legal knowledge have been screaming for homeowners rights? nothing has changed! California law, supose to be one of the best? good luck with that? senior rights? homeowner rights? good luck with that one also!