the banks are buying dead defaulted non-performing assets from secondary markets for
pennies on the dollar . these loans have already been written off by the REMIC(REAL ESTATE MORTGAGE INVESTMENT CONDUITS) WHO HAVE ALREADY COLLECTED 70 TO 80%OF THE LOAN AMOUNT OF A SECURITIZED LOAN THAT HAS BEEN CONVERTED INTO AN MBS
(MORTGAGE BACKED SECURITY) THEN THE REMAILING 10 TO 20 % IS SOLD TO THE SAME LENDER BUYING BACK A DEFAULTED LOAN TO START ALL OVER AGAIN.

LETS START FROM WHEN THE LOAN WAS ORIGINATED BY THE LENDER . THE BANK ORIGINATES THE LOAN AND SELLS IT TO A REMIC FOR 1.05 TO 1.5 TIMES THE FACE VALUE OF THE LOAN. IT GOT PAID IN FULL (AND MORE). THEN WHEN THE LOAN GOES INTO DEFAULT ,THE BANK PICKS UP THE NOTE FOR PENNIES ON THE DOLLAR. FORECLOSES ON YOUR HO– USE AND THEN SELLS IT TO THE NEXT SUCKER FOR FULL PRICE. ON TOP OF THAT THE FDIC COVERS 70 TO 80% OF THE LOAN AMOUNT ALSO?
THIS ALL STARTED SOME TIME IN 2008 WHEN THOUSANDS OF HOME BACKED SECURITIES LOANS WERE BUNDLED TOGETHER AND SOLD TO WALL STREET PACKAGED IN A REMIC
AND SOLD TO THOUSANDS OF INVESTORS .

SINCE THE BANKS DIDN’T WANT TO PAY TAXES ON THESE LOANS THEY MADE EACH INVEST PAY THROUGH A SPECIAL PURPOSE VEHICLE(SPV) THE ONLY PROBLEM WITH THAT WAS ONCE THEY TOOK THE PROMISSORY NOTE AND CONVERTED IT TO A STOCK SOLD ON THE SEC ,THE LOAN COULD NEVER BE A
LOAN AGAIN AND SINCE THE BANKS CHOSE TO — USE A SPECIAL PURPOSE VEHICLE THE LOST OWNERSHIP OF THE NOTE WHICH DIDN’T EXIST ANYMORE AND SINCE THEY DIDN’T PAY TAXES THE OWNERSHIP WENT TO THE SHAREHOLDERS OF THE STOCK WHO ONLY OWNED 1 TO 2 % OF THOUSANDS OF LOANS SO THEY HAD NO RIGHTS TO FORECLOSE ON ANY OF THE THOUSANDS OF LOANS IN THE REMIC. SO WHO HAD ANY RIGHTS TO FORECLOSE ? NO ONE. SO HERES WHERE THE DECEIT COMES IN.

WHY ARE SO MANY HOMES BEING FORECLOSED ON EVERY DAY?
WHEN A LOAN IS SECURITIZED IT IS CONVERTED INTO A STOCK.THE SHAREHOLDERS ARE THE ONLY BENEFICIAL PARTIES OF INTEREST BUT ONLY HOLDING A FRACTION OF THE NOTE. NO ONE PARTY MAY FORECLOSE ON THE PROPERTY.LOOKM UP FAS 140WHEN AN ASSET IS SOLD INTO A REMIC THE BANK LOSES CONTROL AND IS NO LONGER THE BENEFICIAL PARTY OF INTEREST TO FORECLOSE. THE BANKS GET AWAY WITH IT EVERY DAY RELYING ON OUR COLLECTIVE IGNORANCE, THE JUDGES IGNORANCE, THE ATTORNEY’S IGNORANCE.

ITS TIME TO WAKE EVERYONE UP.WHY DO YOU THINKN THAT THERE IS LOST NOTES AND MORTGAGES APPLIED FOR. WITH NO EXPLANATION AS TO WHERE OR WHEN THEY DISAPPEARED?