At some point, the federal government may bow to special interests and try to make it illegal to default — and hold you liable for any and all losses even after you’ve vacated.

-SJ

Mortgages are bundled, sliced-and-diced and sold as investments. These investments circulate worldwide; possession of the note does not mean possession of the document of title(deed).

The legal result of this is two-fold.

1. Assuming the mortgage is paid off, the putative new owner is unable to record his ownership since he doesn’t receive the original of the mortgage. (S)he will never have clear title.

2. In many jurisdictions nationwide, courts are holding that entities initiating foreclosure actions must produce the mortgage, without which they have NO STANDING. Deutsch Bank ran into this in Ohio.

This is called the “Produce the Note” defense. Since the title is not clear, some courts have awarded title to the originator of the mortgage(buyer of the house).

A good start is at: http://chinkinthearmor.net/
All this is easily found via search; try “MERS” and “produce the note.”

For those who debate morality, consider the payment of money to the originator of the loan who has sold the mortgage into the worldwide market for commercial paper. After you’ve finished making payments to the bank or whatever, the originator has been paid twice but the note is still circulating as a legal claim against you.

Wake up.

Right now banks and mortgage companies are getting federal tax dollars from selling mortgages at 100 cents on the dollar to the taxpayers. Every home that goes into foreclosure nets them a market-high profit. In clearer terms, they are selling you the inflated priced home mortgages from before the crash while driving down listed property values so they can buy in dirt cheap and profit from the market reversal. TARP is allowing the same people to get rich coming and going. The real questions are “What are morals?” and “Does America have any?”

Do the people want an economic system that adheres to rigid structures? Anything that impedes the free flow of money in any direction will stifle economic expansion. Maybe we need a new concept of money and what money should be used for?

The question –whether to enter unto jingle mail — concerns one’s ideology, that paradigm of values that governs one’s social behaviour. Now, without wishing to spark counterproductive emotional feelings, I must say that the average American’s knowledge of ‘communist’ or ‘socialist’ theory is shockingly lopsided. Authoritarian communism was a disaster (no surprise there for anyone with a background in human psychology). However, libertarian communist theory (which is a ‘step out’ from classical anarchism) would provide a clear answer to your question. H o w e v e r, I advocate a different model, ‘tenurism’: tenurism straddles classical ‘non-communal property’ and ‘communal property’ relations. (These are two technical terms from communist theory. Capitalism is non-communal. All forms of socialism are ultimately communal.) So, my ‘straddle position’ is as follows: land and water – tenure. Whether you own or rent or whatever, stop paying, and start devolving your world. No government agency can defeat (evict) ANYONE from the house they occupy if there is any amount of solidarity in resisting the evictions.

I look forward to your comments.

Mark Blair, Rocky Gully, W.A., Australia

Yes you can stop paying for your house, even if you can afford it, even if it is extremely profitable. You can stop paying for your car, insurance, food, utilities, and everything else as well. While your at it, you can quit your job and throw away all your money.

You do not have to buy or sell anything, make any money or spend any money, own anything (nobody can really “own” anything anyway) or owe anything.

To separate oneself from these basic principles is not easy for most of us, but it can be done. The only way to achieve true balance is to remove all weight from yourself. The only way to gain true freedom is by cutting all your restraints. The only way to acquire true wisdom is to recognize that you know nothing at all…

SURVIVAL.

I, too, got caught up in the housing collapse with a 120 year old property that I gut-rehabbed. I put in over 4000 hours of my own hard labor, well over $100,000 of my own money and had to walk away from the property last year. I had no other option. It was an investment property that I eventually moved into when I couldn’t afford to rent my other home. I thought all along I would be able to sell the property, pay off my debts and still walk away with a little cash – (after the collapse I was hoping to break even or even just get out with $10,000 in debt.)

But there were no buyers. Apparently, after all was said and done, I had put too much faith in humanity and the property was in an “undesirable” area in which no one wanted to (or could afford to) live. With a house worth $25,000 less than the mortgage (it had been appraised for $85,000 MORE than the mortgage just 18 months before) and mounting credit card bills, I was broken. Being an investment property to begin with, I had my entire life wrapped up in it and my income was to come from the sale of this house.

I finally had to, like many others, walk away. But I did so with only my worldly belongings. My car as over 160,000 miles on it and my lifestyle has always been modest.

I got caught up in the frenzy of a LIE sold to us by the banks and media who control this world. I have since woken up to the TRUTH about it all, but I feel NOTHING for the banks and their little games. They created the loan out of thin air with a few key strokes and papers. I put 4000 hours of my LIFE, my blood, sweat and tears into this project and I got nothing but a pile of debt I still have to pay off.

I only wish I had known in the summer of 2006 when I got into this quagmire, how this system of debt slavery really worked. I have paid and lost a LOT to learn this very hard lesson.

I am simply now just trying to survive.

The Illuminati and Banksters are a CURSE upon the earth and they will pay for the LIES and DECEPTION they have perpetrated upon humanity,..

Is that the failure of the one good rock, or the failure of the loose stones?

The answer should be quite obvious.

As for the question of whether it is moral or not to do a strategic default of a mortgage, for a real Christian, the answer is “no”. So what happens if a Christian does this anyway? He or she sins. We Christians sin every day; being a Christian does’t make us perfect; it makes us forgiven. But continual slaps in the face of the creator of the universe is probably not a smart idea; and at some point, both people AND nations will be given a “slap back” (which is God’s means of trying to get our attention in order to change our behaviors / repent / ask for forgiveness and don’t repeat the same mistake if possible).

Yes, God does hold us individually responsible as humans AND holds collective groups (known as “nations”) collectively responsible for bad actions.

I’ll put this another way. What part of saying I’ll do my best to pay off the mortgage (and agreeing to this in writing) isn’t voluntary? Nobody forced me to ask for a mortgage. I could have bought land in a place with no building code, and taken 10 or 15 years to build a house using cash money and the sweat of my own brow (along with working a day job, trying to raise a family and paying rent all the while), right?

The fact that our entire money supply worldwide is nothing but lies, doesn’t mean that I didn’t give my word.

Now, could it be that our economic, moral and lack of decent spiritual lives – as well as the oil volcano in the gulf, the so-called president we have “lordingoverus” and the lies we call high finance, are God’s slaps to try to get or individual and collective attention? COULD BE. Also could simply be His allowing us to live (or die) with the results of the bad decisions we’re making along the trail of life. I don’t know.

Economically bankrupt
Morally bankrupt and
Spiritually bankrupt

Imagine a house. A foundation, the walls and the roof.

The roof is economics; money (a portable means of exchange) is merely an easy way of replacing barter. If it have an elephant and wish to trade for a bushel of wheat, what am I supposed to do? Cut off one toe of the elephant? Problematical… Real money should be intrinsically worth something itself, however; whether it is sea salt, pretty rocks, silver or gold. Cotton paper with ink made into symbols is fake money; a lie.

The house, made up of load-bearing walls and everything within, is morals. Morals are the structure which holds up the house, allowing someone to live under the roof; in other words, allowing society to function. Morals are an agreement as to what behaviors are acceptable or unacceptable (sort of analagous to rooms), allowing society to function well. There must be some sort of rules because we are quite obviously not automatically “ruled” in our behaviors by instincts, the way animals are. Humans are very obviously made differently (this being a hint to use that we were created by God). Seen any dogs, cats or squirrels worshiping God? I haven’t.

The foundation is spirituality. To me, this is Christianity. There is but one religion on earth; “DO”. “DO” these acts, and the gods won’t be angry because you’re imperfect. Count those beads, avoid those foods, bow to that golden idol, do these things to appease mother earth, etc. Then there is the one faith on earth; “DONE”. I believe that Christianity is not a religion; it is a faith. God made certain rules when He created the universe and us; He must be just; He cannot allow imperfection to be in the place of His throneroom (we call this place Heaven); He must punish wrong; He must follow His own rules.

So a conundrum when mankind “screwed it up” and did what we call sin. In short, God had to find a means of fixing it, yet staying within His rules. Pardon the bad english, but for the sake of the argument, what he “DONE” was so lower Himself into a human baby (Christ), lived a perfect life, and allowed mankind to murder Him on a cross in order to be scapegoat (sacrifice to God – Himself) and take mankind’s punishment instead of us taking it. We have the choice, therefore, of following the “DO” religions (which will result in our failure) or the “DONE” faith (which will result in our change gradually or suddenly).

Therefore, discussion of abortion here is entirely valid because everything is tied together; pointing out a symptom of a cultural illness (murdering little humans for “convenience”) must be done before prescribing the medicine to fix said illness.