The Bank Mortgage – An Unconscionable Scam from the get-go, as the Bank deceives the Borrower, so no True Contract exists; here’s the Process Step By Step:

  • Borrower Signs the Bank’s Loan Contract and Mortgage
  • The Borrower’s Signature transforms the Loan Contract into a Financial Instrument worth the Value of the agreed Loan Amount
  • Bank Fails to Disclose to Borrower that the Borrower Created an Asset
  • Loan Contract (Financial Instrument) Asset Deposited with the Bank by Borrower
  • Financial Instrument remains property of Borrower since the Borrower created it
  • Bank Fails to Disclose the Bank’s Liability to the Borrower for the Value of the Asset
  • Next the Bank Fails to Give Borrower a Receipt for Deposit of the Borrower’s Asset
  • New Money Credit is Created on the Bank Books credited against the Borrower’s Financial Instrument

Bank Mortgage – An Unconscionable Scam

  • The Bank Fails to Disclose to the Borrower that the Borrower’s Signature Created New Money that is claimed by the Bank as “A Loan” to the Borrower
  • Loan Amount Credited to an Account for Borrower’s Use
  • The Bank Deceives Borrower by Calling Credit a “Loan” when it is an Exchange for the Deposited Asset
  • And the Bank Deceives Public at large by calling this process Mortgage Lending, Loan and similar
  • Also Bank Deceives Borrower by Charging Interest and Fees when there is no value provided to the Borrower by the Bank
  • Bank Provides None of it’s own Money… So the Bank has No Consideration in the transaction and so no True Contract exists
  • Since the Bank Deceives Borrower that the Borrower’s self-created Credit is a “Loan” from the Bank, there is No Full Disclosure… So no True Contract exists
  • The Borrower is the True Creditor in the Transaction. Borrower Created the Money, and the Bank provided no value.
  • Bank Deceives Borrower that Borrower is Debtor not Creditor
  • And the Bank Hides its Liability by off balance-sheet accounting and only shows its Debtor ledger in order to Deceive the Borrower and the Court
  • Now the Bank Demands Borrower’s payments without Just Cause… Deception-Theft-Fraud
  • Then the Bank Sells Borrower’s Financial Instrument to a third party for profit
  • Sale of the Financial Instrument confirms it has intrinsic value as an Asset yet that value is not credited to the Borrower as Creator and Depositor of the Instrument

The Bank Hides truth from the Borrower

  • Bank Hides truth from the Borrower, not admitting Theft, nor sharing proceeds of the sale of the Borrower’s Financial Instrument with the Borrower
  • The Borrower’s Financial Instrument is Converted into a Security through a Trust or similar arrangement… In order to defeat restrictions on transactions of Loan Contracts
  • This Security, including the Loan Contract, is sold to investors, despite the fact that such Securitization is Illegal
  • Bank is not the Holder in Due Course of the Loan Contract …only the Holder in Due Course can claim on the Loan Contract
  • So the Bank Deceives the Borrower that the Bank is Holder in Due Course of the Loan Contract
  • Bank makes Fraudulent Charges to Borrower for Loan payments. However, the Bank has no lawful right to, since it is not the Holder in Due Course of the Loan Contract
  • And the Bank advanced none of own money to Borrower but only monetized Borrower’s signature
  • Bank Interest is Usurious based on there being No Money Provided to the Borrower by the Bank… so that any interest charged at all would be Usurious …