Why Bank “Loans” Are Unconscionable – 18 Points for you to consider, for your entertainment, not to be taken as legal or financial advice… If these points sound too crazy, it’s time to do your own research.

[This article is part three of the series … see part one, and part two]

1. Bank Has No True Need for a Mortgage over the Borrower’s Property, since the Bank has No Consideration, No Risk and No Need for Security
2. The Bank Exploits Borrower by demanding a Redundant and Unjust Mortgage
3. Then the Bank Deceives Borrower that the Mortgage is needed as Security
4. Mortgage Contract is a second Financial Instrument Created by the Borrower
5. Deposit of the Mortgage Contract is not credited to the Borrower
6. Bank Sells the Borrower’s Mortgage Contract for profit without disclosure or share of proceeds to Borrower
7. Sale of the Mortgage Contract confirms it has intrinsic value as an Asset… Yet that value is not credited to the Borrower as Creator and Depositor of the Mortgage Contract
8. Bank Extorts Unjust Payments from the Borrower under Duress with threat of Foreclosure
9. So the Bank Steals Borrower’s Wealth by intimidating Borrower to make Unjust Loan Payments

Bank Loans, Lawyers and Courts

10. Bank Harasses Borrower if Borrower fails to make payments, threatening Legal Recourse
11. Next, the Bank Enlists Lawyers willing to Deceive Borrower and Court and Exploit Borrower
12. And the Bank Deceives the Court that Bank is Holder in Due Course of Loan Contract and Mortgage
13. So the Bank’s Lawyers Deceive and Exploit Court to Defraud Borrower
14. Now the Bank Steals Borrower’s Mortgaged Property with Legal Impunity
15. Bank Holds Borrower Liable for any outstanding balance of original Loan plus costs
16. So the Bank Profits from Loan Contract and Mortgage by:

(i) Sale of the Loan Contract,
(ii) Sale of the Mortgage,
(iii) Principal and Interest Charges,
(iv) Fees Charged,
(v) Increase of its Lending Capacity due to Borrower’s Mortgaged Asset and
(vi) by Acquisition of Borrower’s Mortgaged Property in Foreclosure.

17. Bank retains the amount of increase to the Money Supply Created by the Borrower’s Signature once the Loan Account has been closed.

18. In conclusion, the Bank “Loans” Are Unconscionable, because the Borrower is Damaged by the Bank’s Loan Contract and Mortgage by:
(i) Theft of his Financial Instrument Asset,
(ii) Theft of his Mortgage Asset,
(iii) Being Deceived into the unjust Status of a Debt Slave,
(iv) Paying Lifetime Wealth to the Bank,
(v) Paying Unjust Fees and Charges,
(vi) Living in Fear of Foreclosure, and ultimately
(vii) having the Family Home Stolen by the Bank.

[This article is part three of the series … see part one, and part two]