What is the elimination of the mortgage?
Mortgage elimination is a fraudulent practice committed by individuals or companies trying to persuade the buyer home that their mortgage loan is not valid and therefore may not be repaid. These fraudulent companies that establish their arguments about distorted past court decisions claim that mortgage loans are illegal. The basic idea of the exclusion of the mortgage is to frustrate the mortgage creditor to settle when the trial is submitted to the court. However, most courts can see fraud and take very little time to find for the benefit of a mortgage company where the buyer finds himself in even deeper financial problems.
It is common at the time of financial unrest for fraudulent artists and thieves to take care of the frustrations of consumers who cannot pay their accounts. At the beginning of the 21st century, economic collapse focused on the real estate industry, with many houses to close the market when the buyers could not repay the mortgage loan. As a result, the elimination of the Mortgage StaLa with an increasingly popular fraud that crazy like innocent people in need and those people are simply trying to circumvent and repay the mortgage.
The basic prerequisite for the exclusion of the mortgage is that the mortgage loan itself is illegal and therefore invalid, which means that the debtor is not obliged to pay it. Legal arguments used for this statement may vary. In the United States, some of these arguments are based on the theory that the notes of the Federal Reserve system that the creditor proceeds to the debtor in the mortgage agreement is not really legal. Another statement states that since no money actually handed over from the creditor to the debtor in a mortgage loan, the debtor has no reason to pay any money back.
While all these theories are invalid, the perpetrator of fraud with the elimination of the mortgage uses them to convince the buyer's home to submit toto the house. This basically gives the buyer all his own capital in real estate. It then uses this capital to apply a separate loan. From this loan, the buyer then pays a group committing fraud.
When the original creditors learn about it, he usually takes the buyer home to court. At this point, some representatives of fraudsters with the elimination of the mortgage will try to hand over invalid arguments before the court. Finally, the hope of fraudsters is that the creditor settles from frustration. In fact, the court will wave these arguments and the consumer will be on the hook, not only for the mortgage installments, but also for any sanctions that could have arisen together with the court costs.