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Dear Frustrated Home Owner… Hi, my name is Tom Straub, publisher of the Stop Foreclosure Kit and the Recession Survival Kit. I'm sure you already know that life is getting harder and harder today for millions of people across America as they see the market value of their homes fall 10%, 25%, 50% or more. Many people now owe more on their mortgage than their homes are worth. Most people are just beginning to realize that they are only one big medical bill or loss of a job away from impending financial disaster. July and August 2009 were the worst months for the number of foreclosures since this recession started. As you can see, foreclosures are getting worse... and now it's the prime mortgages that make up 80% of the market that are starting to be foreclosed on at twice the rate of the earlier bad sub-prime loans which are only 20% of the market. It's no longer just a lower-income problem, it has become a higher-income problem too. And just as if to make things worse, unemployment keeps rising as well, causing more people to fall into financial hardship and even bankruptcy. But even for the fortunate ones who have kept their jobs, many are having to accept pay cuts by as much as 25%, such as teachers for example. Many people who made it through the recession in the 1980's relied on their credit cards. That option doesn't seem to be available today. Both the US Government and the public are way over extended in their credit debt, while savings levels have fallen. This has caused banks to offset their risk by raising interest rates, slashing available credit balances, and lowering credit scores even for people who have been paying their bills faithfully. All this credit tightening is causing heavy stress on family budgets, and is even starting to strain marriages. But of course, the most devastating of all, is the loss of your family's home. This is particularly stressful due to the potential loss of family trust, and the loss of respect and standing in the community. When an entire family goes homeless, life can literally become a nightmare. And, it can happen so unexpectedly. This video shows how unemployment can affect foreclosure   Fighting Back When Foreclosure Hits When foreclosure strikes, there are things people are doing right now to fight back to keep their homes. Many people are finding ways to take advantage of the mess of sloppy paperwork created by the big banks and the Mortgage Electronic Registration System (MERS). Created in 1995, MERS is owned by several of the largest mortgage companies in America, including Fannie Mae, Freddie Mac, Wells Fargo, Citimortgage, Chase, HSBC and Countrywide. It is the clearinghouse the big banks use for slicing, dicing and bundling mortgages into "securities" which the big banks then sell to pension funds, hedge funds and mutual funds. Oddly, the idea of MERS was to save the big banks from having to file papers in each county where the mortgages were located, keeping all the information in a MERS electronic database instead. As you can imagine, this led to sloppy paperwork by the banks. And now, many of the promissory notes and other paperwork are now lost in warehouses, garbage dumpsters, etc. In most states, if the mortgagee can't produce the promissory note in court, then no foreclosure is possible. These next two videos explain the "Producing The Note" tactic   Consider All Of Your Options… When foreclosure strikes, the "produce the note" tactic can be very powerful in stopping foreclosure, however, you should also realize that it is during foreclosure you have the least options available to you. More options are available to you the earlier you take action. One of the biggest mistakes people often make when facing foreclosure is that they just try to ignore it and do nothing. A better strategy is to be pro-active, because then there are a lot more options available to you. More options to save your home, get a better deal on your mortgage, increase your income, reduce your debts and find loans you can afford so you can secure the lifestyle you want for yourself and your family.   It's Not Your Fault! If you are trying to stop foreclosure on your house or only see foreclosure problems looming on the horizon, then you'll appreciate how I'm feeling in just a minute. Investigations reported by the American News Project carried out in mid-2009 have identified that over 90% of foreclosures may be caused by criminal fraud. Responsible Americans like us who are paying their bills on time are now being forced to choose between buying food for their families or paying for an escalating monthly mortgage payment. We only want our share of the American Dream to provide a safe home for our families. But as you'll see in this video, corporate corruption from the top down is stealing the American Dream away from us. This video explains how Wall Street on down is destroying our future   How I Found The Solution… At the beginning of 2009, the recession had hit my home-based business hard. By April it was becoming clear that I may not have the money for our mortgage payments later on in the year. Oddly, I had already purchased the rights to some books that I had planned to offer for sale in my business. Almost as if fate had planned it for me, the books that I had bought the rights to gave me the information I used to prevent foreclosure on my own home, sell my property within 3 months at a good profit, save my credit score, and end up 99% debt-free. Yeah, I know… Zippity Do-Dah For Me -- It's just that I know this solution works from personal experience! Before I continue, I must confess that I'm rather a private kind of guy. Sharing personal information publicly has never been my first choice. In fact, public speaking often gives me the willies. But a few of my family members strongly suggested that I should use my Internet business to spread the word about the solution to as many people as possible. And, after thinking about how so many Americans are losing their homes due to these criminals that are ruining our economy, I realized I had no choice.   Introducing The Stop Foreclosure Kit In this kit you will get two books that will you help you get your mortgage under control. Here is what they contain: "Avoiding Foreclosure" by Christina Clerk ($47 value) A blueprint for avoiding the foreclosure trap Tips on how to spot loans you should avoid How to avoid paying PMI lender insurance The pros and cons of refinancing your mortgage Available foreclosure workout solutions A plan to follow if foreclosure strikes How to work with VA and FHA mortgages How to preserve your credit during foreclosure How to work with reverse mortgages And more... "Home Mortgages" by Jennifer McBride ($47 value) A complete history of how mortgages evolved A description of each type of mortgage Your options for securing a mortgage Tips on how to qualify for a mortgage loan The difference between pre-qualification and pre-approval A breakdown of all the fees applied to mortgage loans A discussion about private mortgage insurance Five possible mortgage foreclosure strategies How to find mortgage loan information and tools online And more...   Including The Recession Survival Kit (For A Limited Time) In this kit you will get three books that will you help you get a better job, reduce your debt load and obtain better terms on a loan. Here is what they contain: SPECIAL FREE BONUS #1 "Employment" by Elizabeth Tasker ($47 value) Past, present and future trends of employment Today's growing and declining occupations Styles and types of employment that is possible Pros and cons of working at home Available methods of locating employment positions Tips on filling out job applications and resumes Discussion on employment law Tips on finding the right job for you And more... SPECIAL FREE BONUS #2 "Debt & Refinance" by Sandra Pays ($47 value) How to read and understand your credit report Tips on avoiding identity theft How to improve your credit report Tips on getting and using credit cards Pros and cons of loan refinancing Where to go for refinancing All about debt consolidation loans How to deal with aggressive debt collection Step-by-step strategy for reducing your debt And more... SPECIAL FREE BONUS #3 "Loans Explained" by Michelle Buyer ($47 value) In-depth introduction to the types and purposes of loans Details of getting an auto loan Details of getting a home mortgage loan Details of getting a business commercial loan Details of getting a full-control personal loan Understanding how to get a student loan Checklist for qualifying for a loan How to most effectively use a loan application Insider tricks on getting loans And more...   My goal is to reach the millions of Americans being affected by foreclosure in the month of October. For that reason, I'm offering all three books of the Recession Survival Kit as a free bonus only within the month of October. Why do this? Well, it's to prevent anybody with a habit of procrastination from not taking action immediately. Hint: it's a mental trigger. Okay... I'll admit I'm not so good at this psychological motivation stuff. Think of each of these books as a reader's digest of each of their topics. Inside each book there is no fluff, no ads, no spam. Just solid strategies and powerful tactics that you can use now to get the lifestyle and security you want for your family right now.

 

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THE TRUTH ABOUT YOUR MORTGAGE BANKER NO ONE TOLD YOU OR DISCLOSED TO YOU WHICH IS LEGAL REQUIREMENT???

 

SOME OF YOU MAY KNOW THIS, MANY DON'T.

 

SHARE TO ENLIGHTEN THOSE WHO DO NOT KNOW.

 

You can not longer keep your head in the sand after this!

 

For those that really have wondered how a loan works in a fiat currency debt based banking system here it is. Some may be amazed and feel that of a dupe and others are already very aware that this is how it is. More and more people are waking up to this and starting to question business as usual.

 

It Really Works Like This -- No Joke

 

This is the way a "bank loan" really works.

 

Interviews with bankers about a foreclosure. The banker was placed on the witness stand and sworn in. The plaintiff's (borrower's) attorney asked the banker the routine questions concerning the banker's education and background.

 

The attorney asked the banker, "What is court exhibit A?"

 

The banker responded by saying, "This is a promissory note."

 

The attorney then asked, "Is there an agreement between Mr. Smith (borrower) and the defendant?"

 

The banker said, "Yes."

 

The attorney asked, "Do you believe the agreement includes a lender and a borrower?"

 

The banker responded by saying, "Yes, I am the lender and Mr. Smith is the borrower."

 

The attorney asked, "What do you believe the agreement is?"

 

The banker quickly responded, saying, " We have the borrower sign the note and we give the borrower a check."

 

The attorney asked, "Does this agreement show the words borrower, lender, loan, interest, credit, or money within the agreement?"

 

The banker responded by saying, "Sure it does."

 

The attorney asked, `"According to your knowledge, who was to loan what to whom according to the written agreement?"

 

The banker responded by saying, "The lender loaned the borrower a $50,000 check. The borrower got the money and the house and has not repaid the money."

 

The attorney noted that the banker never said that the bank received the promissory note as a loan from the borrower to the bank. He asked, "Do you believe an ordinary person can use ordinary terms and understand this written agreement?"

 

The banker said, "Yes."

 

The attorney asked, "Do you believe you or your company legally own the promissory note and have the right to enforce payment from the borrower?"

 

The banker said, "Absolutely we own it and legally have the right to collect the money."

 

The attorney asked, "Does the $50,000 note have actual cash value of $50,000? Actual cash value means the promissory note can be sold for $50,000 cash in the ordinary course of business."

 

The banker said, "Yes."

 

The attorney asked, "According to your understanding of the alleged agreement, how much actual cash value must the bank loan to the borrower in order for the bank to legally fulfill the agreement and legally own the promissory note?"

 

The banker said, "$50,000."

 

The attorney asked, "According to your belief, if the borrower signs the promissory note and the bank refuses to loan the borrower $50,000 actual cash value, would the bank or borrower own the promissory note?"

 

The banker said, "The borrower would own it if the bank did not loan the money. The bank gave the borrower a check and that is how the borrower financed the purchase of the house."

 

The attorney asked, "Do you believe that the borrower agreed to provide the bank with $50,000 of actual cash value which was used to fund the $50,000 bank loan check back to the same borrower, and then agreed to pay the bank back $50,000 plus interest?"

 

The banker said, "No. If the borrower provided the $50,000 to fund the check, there was no money loaned by the bank so the bank could not charge interest on money it never loaned."

 

The attorney asked, "If this happened, in your opinion would the bank legally own the promissory note and be able to force Mr. Smith to pay the bank interest and principal payments?"

 

The banker said, "I am not a lawyer so I cannot answer legal questions."

 

The attorney asked, " Is it bank policy that when a borrower receives a $50,000 bank loan, the bank receives $50,000 actual cash value from the borrower, that this gives value to a $50,000 bank loan check, and this check is returned to the borrower as a bank loan which the borrower must repay?"

 

The banker said, "I do not know the bookkeeping entries."

 

The attorney said, "I am asking you if this is the policy."

 

The banker responded, "I do not recall."

 

The attorney again asked, "Do you believe the agreement between Mr. Smith and the bank is that Mr. Smith provides the bank with actual cash value of $50,000 which is used to fund a $50,000 bank loan check back to himself which he is then required to repay plus interest back to the same bank?"

 

The banker said, " I am not a lawyer."

 

The attorney said, "Did you not say earlier that an ordinary person can use ordinary terms and understand this written agreement?"

 

The banker said, "Yes."

 

The attorney handed the bank loan agreement marked "Exhibit B" to the banker. He said, "Is there anything in this agreement showing the borrower had knowledge or showing where the borrower gave the bank authorization or permission for the bank to receive $50,000 actual cash value from him and to use this to fund the $50,000 bank loan check which obligates him to give the bank back $50,000 plus interest?"

 

The banker said, "No."

 

The lawyer asked, "If the borrower provided the bank with actual cash value of $50,000 which the bank used to fund the $50,000 check and returned the check back to the alleged borrower as a bank loan check, in your opinion, did the bank loan $50,000 to the borrower?"

 

The banker said, "No."

 

The attorney asked, "If a bank customer provides actual cash value of $50,000 to the bank and the bank returns $50,000 actual cash value back to the same customer, is this a swap or exchange of $50,000 for $50,000."

 

The banker replied, "Yes."

 

The attorney asked, "Did the agreement call for an exchange of $50,000 swapped for $50,000, or did it call for a $50,000 loan?"

 

The banker said, "A $50,000 loan."

 

The attorney asked, "Is the bank to follow the Federal Reserve Bank policies and procedures when banks grant loans."

 

The banker said, "Yes."

 

The attorney asked, "What are the standard bank bookkeeping entries for granting loans according to the Federal Reserve Bank policies and procedures?" The attorney handed the banker FED publication Modern Money Mechanics, marked "Exhibit C".

 

The banker said, "The promissory note is recorded as a bank asset and a new matching deposit (liability) is created. Then we issue a check from the new deposit back to the borrower."

 

The attorney asked, "Is this not a swap or exchange of $50,000 for $50,000?"

 

The banker said, "This is the standard way to do it."

 

The attorney said, "Answer the question. Is it a swap or exchange of $50,000 actual cash value for $50,000 actual cash value? If the note funded the check, must they not both have equal value?"

 

The banker then pleaded the Fifth Amendment.

 

The attorney asked, "If the bank's deposits (liabilities) increase, do the bank's assets increase by an asset that has actual cash value?"

 

The banker said, "Yes."

 

The attorney asked, "Is there any exception?"

 

The banker said, "Not that I know of."

 

The attorney asked, "If the bank records a new deposit and records an asset on the bank's books having actual cash value, would the actual cash value always come from a customer of the bank or an investor or a lender to the bank?"

 

The banker thought for a moment and said, "Yes."

 

The attorney asked, "Is it the bank policy to record the promissory note as a bank asset offset by a new liability?"

 

The banker said, "Yes."

 

The attorney said, "Does the promissory note have actual cash value equal to the amount of the bank loan check?"

 

The banker said "Yes."

 

The attorney asked, "Does this bookkeeping entry prove that the borrower provided actual cash value to fund the bank loan check?"

 

The banker said, "Yes, the bank president told us to do it this way."

 

The attorney asked, "How much actual cash value did the bank loan to obtain the promissory note?"

 

The banker said, "Nothing."

 

The attorney asked, "How much actual cash value did the bank receive from the borrower?"

 

The banker said, "$50,000."

 

The attorney said, "Is it true you received $50,000 actual cash value from the borrower, plus monthly payments and then you foreclosed and never invested one cent of legal tender or other depositors' money to obtain the promissory note in the first place? Is it true that the borrower financed the whole transaction?"

 

The banker said, "Yes."

 

The attorney asked, "Are you telling me the borrower agreed to give the bank $50,000 actual cash value for free and that the banker returned the actual cash value back to the same person as a bank loan?"

 

The banker said, "I was not there when the borrower agreed to the loan."

 

The attorney asked, "Do the standard FED publications show the bank receives actual cash value from the borrower for free and that the bank returns it back to the borrower as a bank loan?"

 

The banker said, "Yes."

 

The attorney said, "Do you believe the bank does this without the borrower's knowledge or written permission or authorization?"

 

The banker said, "No."

 

The attorney asked, "To the best of your knowledge, is there written permission or authorization for the bank to transfer $50,000 of actual cash value from the borrower to the bank and for the bank to keep it for free?

 

The banker said, "No."

 

Does this allow the bank to use this $50,000 actual cash value to fund the $50,000 bank loan check back to the same borrower, forcing the borrower to pay the bank $50,000 plus interest? "

 

The banker said, "Yes."

 

The attorney said, "If the bank transferred $50,000 actual cash value from the borrower to the bank, in this part of the transaction, did the bank loan anything of value to the borrower?"

 

The banker said, "No." He knew that one must first deposit something having actual cash value (cash, check, or promissory note) to fund a check.

 

The attorney asked, "Is it the bank policy to first transfer the actual cash value from the alleged borrower to the lender for the amount of the alleged loan?"

 

The banker said, "Yes."

 

The attorney asked, "Does the bank pay IRS tax on the actual cash value transferred from the alleged borrower to the bank?"

 

The banker answered, "No, because the actual cash value transferred shows up like a loan from the borrower to the bank, or a deposit which is the same thing, so it is not taxable."

 

The attorney asked, "If a loan is forgiven, is it taxable?"

 

The banker agreed by saying, "Yes."

 

The attorney asked, "Is it the bank policy to not return the actual cash value that they received from the alleged borrower unless it is returned as a loan from the bank to the alleged borrower?"

 

"Yes", the banker replied.

 

The attorney said, "You never pay taxes on the actual cash value you receive from the alleged borrower and keep as the bank's property?"

 

"No. No tax is paid.", said the crying banker.

 

The attorney asked, "When the lender receives the actual cash value from the alleged borrower, does the bank claim that it then owns it and that it is the property of the lender, without the bank loaning or risking one cent of legal tender or other depositors' money?"

 

The banker said, "Yes."

 

The attorney asked, "Are you telling me the bank policy is that the bank owns the promissory note (actual cash value) without loaning one cent of other depositors' money or legal tender, that the alleged borrower is the one who provided the funds deposited to fund the bank loan check, and that the bank gets funds from the alleged borrower for free? Is the money then returned back to the same person as a loan which the alleged borrower repays when the bank never gave up any money to obtain the promissory note? Am I hearing this right? I give you the equivalent of $50,000, you return the funds back to me, and I have to repay you $50,000 plus interest? Do you think I am stupid?"

 

In a shaking voice the banker cried, saying, "All the banks are doing this. Congress allows this."

 

The attorney quickly responded, "Does Congress allow the banks to breach written agreements, use false and misleading advertising, act without written permission, authorization, and without the alleged borrower's knowledge to transfer actual cash value from the alleged borrower to the bank and then return it back as a loan?"

 

The banker said, "But the borrower got a check and the house."

 

The attorney said, "Is it true that the actual cash value that was used to fund the bank loan check came directly from the borrower and that the bank received the funds from the alleged borrower for free?"

 

"It is true", said the banker.

 

The attorney asked, "Is it the bank's policy to transfer actual cash value from the alleged borrower to the bank and then to keep the funds as the bank's property, which they loan out as bank loans?"

 

The banker, showing tears of regret that he had been caught, confessed, "Yes."

 

The attorney asked, "Was it the bank's intent to receive actual cash value from the borrower and return the value of the funds back to the borrower as a loan?"

 

The banker said, "Yes." He knew he had to say yes because of the bank policy.

 

The attorney asked, "Do you believe that it was the borrower's intent to fund his own bank loan check?"

 

The banker answered, "I was not there at the time and I cannot know what went through the borrower's mind."

 

The attorney asked, "If a lender loaned a borrower $10,000 and the borrower refused to repay the money, do you believe the lender is damaged?"

 

The banker thought. If he said no, it would imply that the borrower does not have to repay. If he said yes, it would imply that the borrower is damaged for the loan to the bank of which the bank never repaid. The banker answered, "If a loan is not repaid, the lender is damaged."

 

The attorney asked, "Is it the bank policy to take actual cash value from the borrower, use it to fund the bank loan check, and never return the actual cash value to the borrower?"

 

The banker said, "The bank returns the funds."

 

The attorney asked, "Was the actual cash value the bank received from the alleged borrower returned as a return of the money the bank took or was it returned as a bank loan to the borrower?"

 

The banker said, "As a loan."

 

The attorney asked, "How did the bank get the borrower's money for free?"

 

The banker said, "That is how it works."

 

_______________________________

 

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