Discussion | Banks sued over home foreclosures

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  • čas přidán 6. 09. 2024
  • #eNCA speaks to Lungelo Lethu Human Rights Foundation president King Sibiya. #DStv403 #eNCA

Komentáře • 26

  • @OmniAtlantic
    @OmniAtlantic Před rokem +4

    Banks don't have original agreements , as they are held off shore , so there for it is illegal . That is the law, so banks are going to pay big time.

  • @lesliedaniels9599
    @lesliedaniels9599 Před rokem +4

    BCOS bank employee are the ones who buy these properties for next to nothing through their pals

  • @shanilmaharaj4572
    @shanilmaharaj4572 Před rokem +1

    Not only home loans also personal loans they put a garnishee order on your salary without one being to court and then deduct from ur salary people have no choice in the matter it needs to be addressed I did sue FNB for this and I won the case they immediately settled out of court

  • @Imraan997
    @Imraan997 Před rokem

    EFF everything for free

  • @Wuzmu
    @Wuzmu Před rokem

    the car industry i can understand because i wouldn't want to buy a repo car at a high price that has 300 000 miles on it, if the person has been using it for 5 years!

  • @vusumuzingozo6285
    @vusumuzingozo6285 Před rokem

    they sold our house for 10 rand and we over payed my grand mother bought a stand

  • @KillingItForYears
    @KillingItForYears Před rokem +1

    By “Transform” he means “Destroy”.

    • @ianbeddowes5362
      @ianbeddowes5362 Před rokem +2

      So you think that banks should be able to rob with impunity?

    • @gabmsnae2180
      @gabmsnae2180 Před rokem

      Yes destroy!! The financial sector has done nothing for black people since the 1900s

    • @jacquesdewet2661
      @jacquesdewet2661 Před rokem +1

      @@gabmsnae2180 - Not destroy mampara.. we need to GROW the financial sector.. it creates competition for the businesses which is good for workers and consumers.

  • @christobelthipe8627
    @christobelthipe8627 Před rokem +2

    Wish people could fix their teeth

  • @estudiosjme
    @estudiosjme Před rokem

    "Fiduciary things that they are doing to you. When you signed the promissory note you walked away
    from the table. You didn't get a receipt for it and you walked away from your loan check. They didn't
    say; 'Oh wait a minute you didn't sign your loan check'. You signed the limited POA which allowed
    them to sign that check in your stead without notifying you. That contract was unconscionable, see
    UCC Article 2."
    "You need to rescind your signature because its fraud. Most mortgage contracts do have a three day
    right of rescission. Fraud is the exception to the rule. 12 CFR §226.23 and U.S.C. 12 TILA 226.23
    Appendage H allow you to rescind your signature, request your payments back, your interest, taxes
    and upkeep. Once you rescind your signature you also need to cancel the mortgage contract which is
    your tenancy agreement. Your mortgage contract is a security agreement that allows them to come
    and foreclose on you, which makes them think they have a right to evict you because you told them
    they could. But since you were not aware that you did that the best thing for you to do, since you're
    the only signer of the contract, is to rescind your signature. Its your signature! Take control of it! Once
    you rescind that signature they have no standing in court."
    You do not want to rescind your signature on the promissory note because its a negotiable
    instrument. Once you get it back you can put it in the bank and write checks off of it.
    The National Bank Act specifically states that banks can not hold a note, period.”
    If you read the first line on your promissory note 'in exchange for this loan', what loan? You got up
    from the table, you left the loan check and the promissory note and you don't have a receipt just
    because they shoved some keys in your face. But when you filled out the application you applied for a
    loan and if they'd given you your loan check because you were approved, you don't have sense
    enough to sign the note and pay for the property. That's why they stole it. Because they never wanted
    the property paid for. They never wanted you to know the property WAS paid for."
    They signed the check "for you"/in your place and, based on the fraud/lack of full disclosure, that's
    identity theft. See Title 18 U.S.C. Section 656; Bank Embezzlement.
    [Rescind your signature on the mortgage contract/security agreement NOT on the loan application
    because that's what they take to Treasury to get the money, put it in escrow, then fractionalize it
    (multiply it by at least 10), then they "loan" you one of those ten. They're loaning you your own
    money! Then they want you to sign as a debtor to 'pay back' the 'loan' of which you are the actual
    source. Its fraud! There are several frauds committed within that contract and you can multiply that
    into a multi­million or even multi­billion dollar lawsuit which you would win in court, but you may not be
    around to enjoy it. So settle for getting title to the house and your payments back with interest.
    Their failure to disclose that your promissory note is not a note but is a security constitutes lack of full
    disclosure covered in Regulation Z of the Truth in Lending Act which gives you the right to rescind
    your signature. Its fraud and fraud vitiates all contracts].
    Question; "What if you did a refinance and actually got money back. Does that make a difference?"
    "There is no money. What money did they give you? Was the contract based on the lawful money of
    the United States? No. If they gave you a check, there is no money, checks are debts instruments.
    Federal Reserve Notes are debt instruments, because you can not pay a debt with a debt. When did
    you get the money? They still owe you. A debt is an IOU. So when are they going to pay you? You
    could contest the loan because #1; There is no money. The US went bankrupt in 1933."