BOMBSHELL! ~ BEWARE OF SERVICER RELEASE OF DEFICIENCY… “Fannie Mae Owns the Notes And May Still Pursue A Deficiency”
So, gullible American. You struggled and worked hard with “The Bank”. You filled out all their paperwork. (Over and over and over again) You cooperated with all of “The Bank’s” onerous demands and conditions. And at the very end, you get a written, “Release of Deficiency”. Right there in black and white, “The Bank” makes it very clear that they are not going to pursue any deficiency against the homeowner, in exchange for all their cooperation in resolving the short sale and litigation. The case is over, the homeowner has no more liability…..right?
Well, hold on there people…..
YOU MAY BE VERY, VERY WRONG…..YOU MAY STILL BE LIABLE ON THE FULL AMOUNT OF THE DEBT..BECA– USE THE DEBT IS OWNED BY FANNIE/FREDDIE!
Remember how long I’ve been arguing about how important it is to rip the Wizard Out From Behind the Curtain? Remember how I got my rear end handed to me by Florida’s 2nd District Court of Appeals when I argued that Plaintiffs must not be allowed to prosecute cases and throw Americans into the street unless they prove up that they have consent of the principal they are working on behalf of….and prove up the limits of their agency relationship?
Why is this an absolutely clear legal necessity?
BECA– USE WITHOUT PROOF THAT THE PRINCIPAL CONSENTS TO THE AGENT’S ACTIONS ADDITIONAL LIABILITY MAY ATTACH!
And in the attached transcript, read how the brilliant foreclosure defense attorney extracts out the stunning admissions from the Plaintiff’s Corporate Representative:
Rest with transcript here…
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They don’t own anything because they did not hold title to it in the first place. WE THE PEOPLE hold title to everything because WE THE PEOPLE pay for everything upfront at the ORIGINATION. The law requires the FED pay due Consideration to the Treasury what they borrow in our names before they buy, sell or trade on our property. They don’t. Instruction or Indorsement does not guarantee Security entitlements says Article 8.