I have just been informed that more reports of Debt Forgiveness of 1st Note Mortgages in California. The complete note is being paid off by Global Settlements. A large number of mortgages were with Chase Bank.
Owner will get the title free & clear.
Check out Debt Forgiveness with NESARA
Saturday, September 15, 2012
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Any word on home that were forcloused even if they were approved for a loan modification?
What is the criteria? This is very hard to believe. Please provide more detail.
This probably is not true because no one else besides these people are reporting it.
I'm not inclined to put much weight behind something until at least four or five substantial sources are saying it and posting proof.
They can surely get it up online if its happening. My thoughts are this will begin happening in the next weeks, but this story or document isn't evidence & there is no proof yet.
Also there is a lot of forged letterheads floating around the internet lately. I think people need to be very alert.
Thank you loving lord for this blessing to the many homeowners who have struggle for many years by man made injustices. God bless you all and Johnnie for keeping the public informed.
I wonder if this is because of the Feds QE3 announcement of buying up mortgage backed securities (hypothicated/fractionalized mortgages). seems they are buying up thesethin air created debts to strengthen the dollar for a while longer.
Maybe someone should come out and notify the People of what we are to look for as an Official Title of the property!
When the Owner gets a form to sign the Blue Ink Signature all over again as the loan was paid off then why wouldn't the company that has the Original Blue Ink Signature Title, for when the property was purchased, complain and Claim they own it!
Is it forgiveness on ONLY Homes and NOT other Properties that someone purchased?
More info on everyone else (other banks, mortgage co's)?
will debts be forgiven from wella fargo as they wrote my mortgage up as a loan but they would not handle the property tax side of it. i have to pay the taxes myself.
Bout time!!!!
The IRS had provided an exclusion on principal residences, for debt forgiveness from 2007 - 2012.
Why are these articles and letters only showing up now?
http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation-
To All
I am looking for more detail and info just like you all. As the information comes in, I be posting it.
I WILL BE SENDING A REGISTERED LETTER TO MY LENDER MONDAY ASKING TO BE INCLUDED IN THIS.
what about the ones who've already been foreclosed on? any word on how thats going to be resolved?
This so-called announcement is VERY Strange to me because its coming BEFORE ALL the "Announced" changes, such as "Disclosure" and the original NESARA that should have accured on September 11th, 2001...I'd HOLD on this if I owned property!...this sounds like some kind of compromise to ME!
how come we are not hearing this in the social media or the Mainstream Media ?
I'm pretty cynical these days but this is what it looks like from here..
Apparently The US govt/fed has stolen(?) or at least intercepted these WGS funds.
Looks like they have compromised the average US citizen yet again, and cut yet another deal with big banks..
However in the process possibly provided a nice windfall to (some) mortgage holders.
They seem to be creating 'solid collateral' out of vulnerable 1st note mortgages, but are funneling all that money directly into banks. They could have done this (purchased every failing mortgage) with the original 750B bailout package back in 08 and possibly rescued our ailing economy... But that ship sailed a long time ago... Tens of Trillions of $ ago...
In this way, from the standpoint of their current investments, they will avoid the true 'price discovery' that foreclosed mortgages would provide... and Real Estate prices will remain artificially high...
The people - At least the ones who need it most - will still be deprived of jobs/money however...
This money (as with other bailouts) will be pushed into big banks at zero percent interest.
It will not be not be loaned out to people but side-lined...
Used to pay down Morgan Stanley's naked shorts (keeping gold/silver prices artificially low) and to shore-up the vulnerable derivatives market to keep failing banks and their shareholders afloat for a little while longer at everyone else's expense...
Kept sidelined in this way, our hyper-inflated $USD will not SEEM as completely worthless as it in fact now is.
China, Russia, Iran, et al will still pull out of the petro-dollar and take non-aligned nations with them..
They, and other emerging market economies will employ other currencies (yuan, gold, etc.) in the new system they are creating. Americans will be the last to know the world has moved on...
Good idea John! I lost my house back in Feb through Wells Fargo. There may not be much hope for me but glad for the millions! I hope this is true. It sure looks like it!
This is NOT NESARA - I am a mortgage professional, and have looked at documents posted from BOA. Those are 2nds - and specifically states that it does not change foreclosure proceedings on the 1st.Look for the clause just above the circled paragraph on what John has posted.
This is a DOJ/PTB program that is finally just working its way through...
Oh pleeeeese...........................
If the banks cancel your mortgage then the forgiven debt has to be included as income and you will have to pay taxes on it.
I believe this is part of the robo signing settlement that the banks need to pay out.
NESARA would cancel all debts instantly based on active SS #'s, whereas this debt forgiveness is selective.
Debt-forgiveness is a TAXABLE EVENT. These banks make it sound good to us but what they fail to tell you is -- we are giving you money to pay off your mortgage and come tax time you will be paying taxes on that paid off amount. Please don't think that you won't be responsible for paying taxes.
http://seattletimes.com/html/businesstechnology/2019149690_pfmortgagedebttaxbillxml.html?syndication=rss
talks about the settlement and the 5 largest bank servicers.
Bank of America would have had the largest fines.
A modification is a new contract, it established that the bank / servicer you were paying, you owed. Most people's homes were taken by one they did not owe, and they did not file for a modification.
See these businesses know the law, and if you don't owe someone they can't claim you do and take your property, but if you don't owe someone and they get you into an agreement to pay them they can charge the ridiculous fees and take the property after like 6 months of payments. No law impairing the obligation of contracts.
When people automatically accept this offer by not rejecting it within 30 days, and find out some time later that banks would have paid higher amounts in fines and penalties to others for stealing their homes or any number of other infractions of law, will they be so upset they cause disruption?
This is not Nesara and not Global Settlemetns.
And @sirisviod, it will be easy to identify 5 people who have these documents if you had contacts in california or knew how to search scribd for it, but that would prove nothing.
That is not discernment. The number of people telling the same story is not evidence of truth or fact. You create your reality, but common sense indicates that's not the only way to discover truth.
QE3 has nothing to do with this. It's all digits in a computer anyway. Their riches is digits. If a bank can take their money, so be it. They hold their money, and use unlimited credit to appear rich and do everything we can't.
I also looked at the paragraph above the circle.
Could this just be clearing the books on that particular property so the first mortgage foreclosure can get a clear title?
If I were a bank officer I wouldn't mind shucking out a few grand so I could get clear title to the house. It would be interesting to see the amounts being forgiven. I also wonder if it is the foreclosing bank that is paying off the second mortgage. But, being as they are all buddies, that is not as significant. They would do it for each other.
This only pertains to the letter posted here. There may be other letters we need to see.
what if you have a land patent and not a deed. The resold the home anyway. there was also a ucc claim filed up. The new owners they even went and put a mortgage on it. NOTHING needs to be paid of, just the claim of right needs to be adhered to. as well how can you put a mortgage over a land patent?
Really a nice information...............
Debt
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