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NY Times: Student Debt Getting Wiped Out by Fraudulent Claims of Securitization

Livinglies's Weblog

So here is an example of why you need to send a DVL (Debt Validation Letter).

It turns out that mainstream media and the court system are much more willing to get into bank fraud as to students than they were when it came to homeowners. The facts are the same.

“Somewhere along the line” the debt was severed from any entity answering to the description of a creditor. Thus the “servicer” for the “trust” (debt collectors, because they are not the owners of the debt) derives its powers, authority and obligations from an entity that does NOT own the loan.

Get a consult and Chain of Title Analysis! 202-838-6345
https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments.
THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER.
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see https://www.nytimes.com/2017/07/17/business/dealbook/student-loan-debt-collection.html?smprod=nytcore-iphone&smid=nytcore-iphone-share&_r=0

Dozens of lawsuits to collect student loans are being…

View original post 688 more words

The Habitat for Humanity Scam – Disguised as a charity.

That is outrageous that Habitat for Humanity would take advantage of low income people like this. Like most people I had no idea that this was going on. Thank you very much for sharing.

freedomsandtruth

Donation_Scam

It’s been a awhile since i posted anything, mainly because I was busy and as real life has a habit of doing, forces you to deal with it.  While I was dealing with life, I had spoken with a neighbor who asked that I sit in with a group of neighbors on the street to hear their story.   The people involved are homeowners who received their homes via Habitat for Humanity.

I’ve always thought of Habitat for Humanity as a good charity who helps people get a home, that they otherwise wouldn’t get.  And that was as a far I as I saw it.   I never went through the process they have, and didn’t dig much into how they operate. I assumed like most that this charity was good and my thoughts never went past that.

So I went and sat with the ten families on my street who…

View original post 1,775 more words

Almost 40 millions of Americans live in housing they cannot afford

http://www.cnbc.com/2017/07/13/harvard-study-heres-how-many-americans-cant-afford-housing.html Ester Bloom Thursday, 13 Jul 2017 | 9:22 AM ET Harvard study: Almost 40 million Americans can’t afford to pay for housing According to new research by Harvard University, almost 40 million Americans “live in housing they cannot afford.” Homeownership has gone down and rental prices keep going up, meaning that millions of residents […]

via A shocking number of Americans live in housing they can’t afford, according to Harvard study — Livinglies’s Weblog

Subprime mortgages are making a comeback

Apparently the biggest banks in the US didn’t learn their lesson the first time around… Because a few days ago, Wells Fargo, Bank of America, and many of the usual suspects made a stunning announcement that they would start making crappy subprime loans once again! I’m sure you remember how this all blew up back […]

via The Subprime Mortgage Is Back: It’s 2008 All Over Again! — Easy Money

This is very bad news for the economy as this will make the real estate bubble grow even larger and guarantees that the next real estate crash will be several orders of magnitude worse than the last one.

 

New rules for financial advisers

ONE OF THE most important investor protections in decades took effect on June 9. The new rule, issued by the Department of Labor, sets in motion a seemingly commonsense requirement that those who advise on retirement investments must put their clients’ interests ahead of their own. Yet it marks a revolution in retirement security, the result […]

via The Department of Labor new rule: Financial advisor trap — Justice League

I am not a huge fan of government regulation but it should be self-evident that anyone that advises individuals or companies on retirement investments should absolutely be required to put their client’s interests ahead of their own.

The government has allowed corporations to become too powerful

Truthout: To what degree do corporations exceed the power of many states today? The corporation has become more powerful than the state because the state has allowed it to happen. Over decades, by both Democrats and Republicans, unaccountability has become normalised, barely opposed by politicians or the media class. In Disaster Capitalism, I investigate the role […]

via Government Has Allowed Corporations to Be More Powerful Than the State — Justice League

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