Who will own them? We still owe 15 years on ours... will it even matter? We have a fixed rate conventional loan. Can we discuss some probabilities?
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My guess is... it depends. It may just be a worldwide jubilee. The problem is predicting what will happen at this point is almost impossible, because we don't have much information about what this post parasitic world would look like.
Hopefully the removal of the banking tribe and redistribution of the mega-trillions stolen by satanists, will mean it is yours free and clear.
Could be a dream but it should happen similar to that description.
This is the correct answer. The money that was stolen from us will be returned.
It is the correct answer. TRUMP SAID "THEY STOLE TRILLIONS FROM YOU IM GONNA GET IT BACK FOR YOU"
Experiencially trump has always done what he said he would do. S9 I think this is no different.
It comes down to where the money came from that yku bought your house with. It was created on YOUR signature.
They didnt loan it to you, they accessed it for yku and charged you triple over 30nyeaes in interest.
Correct. Andrew Jackson folded The Bank - payments were then handled by state banks
So the problem I see if everyone has their money returned to them say from something like income tax.... what do you think inflation will look like then?
Everyone is "rich" and is outbidding each other on properties....
First money needs to be properly valued by gold backing.
A buck is only worth a dime? Maybe. Let's say a dollar becom3s worth a whole dollar, a 350k house becomes 35k. We 350 k, because of inflation.
I have no idea as to what will happen, but I do know--the bill for the mortgage has never been lost or late because of mail issues (I know a lot of mail is electronic now). It would be nice if all mortgages would be paid for by all the other tax payers--kind of like the college tuition thing. :)
SHTF is too variable.
If the government is still functioning, assume your mortgage is due.
If there is no government, no police, no military, no services... probably can put mortgage payments at a lower priority.
Bullshit. Research the Cares act. All government backed loans VA, FHA, HUD etc are all covered.
If the global banking system goes tits up, which anyone awake, knows it is inevitable, It means also that Mr Klaus Anal-Schwabb's Great Reset wet dream also goes tits up. The global banking system is built on the Dollar, which for our entire life times, has been The US Federal Reserve's promissory note (an IOU). Therefore all contracts would be dead and worthless. Your debt/credit will be cleared and you get to keep whatever you purchased with it. The globalist's replacement was to be the Government issued Digital dollar, linked into their vast databases and your personal standing in that database. TurdEau just demonstrated what they can do to people's bank accounts and covid has established the basis of their intended Social Ranking system, creating a truly Dystopian society, with no opt outs.
"If the global banking system goes tits up" Up vote for that along.
Good question. On my mind, too.
I have asked trusted financial planners and other financial professionals in banking.
Apparently, unless there is some sort of jubilee, someone will always own your debt... it may change owners, but it will still be there.
Best to keep a copy of recent balances, rates, etc. So, make sure you have your monthly statements that show the accurate status.
If your mortgage lender (current holder) fails, be sure to proactively try to find out what entity is taking it over, if you can.
I wish I had happier news... but that's my understanding of the situation. Who knows, though... maybe there will be a total debt jubilee and we'll all be able to take on more new debt : ) (just kidding)
They created an illusion, that of lenders and borrowers, when in fact, when you apply for a "loan" it is really a credit agreement, they simply type the numbers into a computer, creating that money from your signature (a promise to pay back plus interest). So in reality, if that "loan" is cancelled, nobody has lost anything you have gained maybe a house or car and the loan is paid. It would be a one time action. How else can one system be scrapped and a new one started ? The current one is FUBAR there is no way the gross global debt can be repaid, it's only the banks making money today, the wealth is only flowing upward.
A Hard stop appears imminent. Be aware and be prepared,
You get it. It's a little c9mplex but this is it.
yes, Thanks, it's a short version with much detail omitted to keep it as simple as possible.
They cannot just turn over your contract to another bank. If you pay only 1 payment you have agreed to their terms. If it goes to court the new bank must prove you have a contract with them.
This might be a loophole that most people are not aware of. I for sure am not, but I'll look into it.
Usually in bankruptcy--which is what the mortgage lender would declare if it goes belly up--another similar organization comes in and buys those contracts, and you receive a notice that your servicer has changed.
School loan servicers do it all the time (although not because of bankruptcy).
I'll poke into it and see what I can learn. Do you have any suggested resources to start with?
You think old system. This isn't how it will work.
Another good post. All mortgage contracts are fraudulent and the contract itself is patented.
Remember CDOs ? A rigged game invented to use piles of people's mortgage debt contracts and play their financial games with them, ramping up the value and trading them on the markets, Their scheme completely ignored the laws regarding registering the titles and deeds, They invented a system called (IIRC) MERS Mortgage Electronic Registration System, when the investments were subject to scrutiny, Many home owners could not obtain the title on their property because they didn't know who had bought their debt.
huge inflation = easy to pay off loan
Easy to pay off only if you are able to keep your job and only if you are given the raise to match for the hyperinflation. It is going to get real interesting and if hyperinflation happens like it did in 1930's Germany then things will get really bad really fast. All I ever think about is a wheelbarrow full of money for a simple loaf of bread.
Well seeing as BlackRock pretty much runs the world right now, it'll be them and their subsidiaries that'll scoop your mortgage....and your house.
If you dont know who BlackRock is...do yourself a favor and look into it.
Likely selling them my house as we speak. Blackrock won't own it all for ever.
You will always owe on your mortgage. The shit will never hit the fan to the extent that all mortgages are now defunct. Do not hold your breath. Pay your mortgage,
I plan on paying it. Just very curious what everyone's opinion are.
I haven't paid on my VA loan for 22 months. Cares act. The VA rep told me to not pay when my bank threatened me. Theybare going after rhe lender for misinterpreting the rules on VA loans. The VA expects them to eat it until the national emergency is over. I was told VA was told August 2022. They also have to pay mybtaxes and insurance. My son did the same thing, but he had to sell and move. Bank got their principle minus the interest for 2 years.
Lmfao, we must have a banker in here. Downvote?
If your bank defaults and gets liquidated another bank will purchase the debt for pennies on the dollar, you will still owe back on that loan that is under contract with the purchasing bank or institution.
Thats what I remember from a while back, but it's worth researching into.
This is in relation to the current central banking industry. Once the central bank goes down it could be very different.
I love the people who say all debts will be forgiven. Unfortunately, there is no past experience of it, only a vague idea for a future event. In the past debts have been sold like any commodity of value, sometimes changing hands many times. So when the SHTF, you may not know who to pay to keep it current. My advice is to keep it current as long as possible and then hold the payments for the time someone comes forward as owning your debt. The silver lining is that you can use devalued dollars to pay your debt at whatever rate you first contracted. It's a bargain.
There is no past experience for any of this for those of us who are alive. However, after wwii, all debt in Europe was reset. Biblically all debt was forgiven everybseven years. Many things WE didn't think could happen. Are gonna happen.
I hope all the banks go bust and we all get to keep our houses lien free. The prices won't matter if there are no banks to liquidate.
It is likely more now than not.
I recently watched two videos by Lynette Zang about hyperinflation, and what happens with mortgages and property taxes. I know we don’t know how things will play out here, but you might find these videos helpful.
Part 1: https://youtu.be/PtmO3fhaMio Part 2: https://youtu.be/EVHKc5RCI_8
We have a motgage with BOA. My husband and I are both on the deed. His name only on the loan since he had a 35 year work history at the same place and mine was sporadic. He died in January. I've been making payments but ... now what?
what do you mean, what now? You continue to pay the mortgage or they will foreclose. You can sell the house or get a roommate to help with the mortgage. Did you not think about this when your husband was alive? I'm in the same boat. I will either get a roommate or sell. NO other options.
I can afford to pay the mortgage or pay it off. What now because the bank sent a form to me with different options including abandonment and getting a new mortgage. I chose the one that said I will continue to make payments. Then I got one saying they have the response and will review it and get back when they decide.
They shouldn't be "deciding" ANYTHING unless you default on the payments. You are an owner and as long as you're making the payments there is nothing they can do. You did say you are on the title correct? If not.....not good. Well you can live there for a year until they foreclose. I did that once. You do have other options IF you are on the title.
At this point should I even be getting a mortgage right now? I'm on the hunt for a house but with so much uncertainty I've gone back and forth about just settling for renting until I can buy for cash (which would be quite a long time).
Apparently there was a good discussion between Glenn Beck and Dave Ramsey on this today on Glenn’s radio show, Dave Ramsey says of course no debt ... Glenn says ... and how would all do that? I think the less debt we have the better but seriously how to keep your home with the mortgage?
Mortgage equals death pledge. It's a French word. Also, all the contracts are fictional language. Every mortgage in America is a fraud.
Completely depends on what happens in the end and for how long.
Lets say bad guys win and return order(their order) quickly. I assume tbey would say people who dont hold the deed to their property will have it reposessed by the government and tbey have to leave. Then theu will take all the houses the government controls and divy them up amongst their cohorts to use as rental properties.
Read the small print ...... You are FF when SHTF. Unless you can proof fraud ....
All mortgages are fraudulent. When people catch up it will be hell for rhe banks.
yes..... for more than one reason.
You bought your house with your own money. You let them use it to fractional bank and youbpaybitbback and rheybcoll3ct rh3 service interest. You pay 2 ton4 times more rhan you bought it for. Depending how long you keep it.
A bank can call in your loan at any time they choose. Most likely they will do that BEFORE they collapse.
Not true anymore.