The GAP QUAL 100 simulation that I’m running on the current season shows some surprises. The bonus system that I’ve devised definitely opens up competition. No lead is safe. It is entirely possible for consecutive bad races to … Continue reading →
Barack Obama is one of the biggest “Keynesians” of all time, but unfortunately most Americans don’t even understand what that means. In this article, I am going to share with you the primary reason why Barack Obama has been able to prop up the U.S. economy over the past eight years. If Barack Obama had [...]
Angry democrats are lashing out at anyone and anything they think contributed to Hillary's loss while vehemently igoring the simple fact that Hillary, and her many scandals, were the unilateral reason for their crushing defeat. Be that as it may, it is far easier to blame some combination of Bernie Sanders, Putin, James Comey, "Fake News", Ju […]
An Election, Another Explosion When Nixon was elected in November of 1968, things really began to heat up at Gadsby & Hannah. Colson’s work on Nixon’s behalf had been very much appreciated by Nixon (even if it wasn’t by some of his men), and the opportunities for recompense at the firm were going to be […]
A University of Wisconsin-Madison event seeking to help the campus forge bonds with the Muslim community and better understand hijabs was promptly accused of cultural appropriation. Cultural appropriation is one of those “academic words” whereby something of a different culture is … Continue reading →
Hopefully within the next day or two we will be able to get Modeled Behavior.com to redirect to our Forbes Blog. Yet, it looks as if there is no way to get our RSS feed to continue to work. Here is a link to our new RSS feed a Forbes. http://blogs.forbes.com/modeledbehavior/feed/ We also will not […]
Item title Reviewed by David Wendt on Jan 6. Delicious, tasty pizza in Eastlake! L’Amourita serves up traditional wood-fired Neapolitan-style pizza, brought to your table promptly and without fuss. An ideal neighborhood pizza joint. Rating: 4
theeconomiccollapseblog.com Are we on the verge of an unprecedented global currency crisis? On Tuesday, the euro briefly fell below $1.07 for the first time in almost a dozen years. And the U.S. dollar continues to surge against almost every other major global currency. The U.S. dollar index has now risen an astounding 23 percent in […]
Digital Security: Securing Your LaptopBy Franke ScheinFebruary 17th 2015Imagine this scenario:You've been very active in the political arena speaking out against the creeping eradication of civil liberties by the Obama Administration. Many of your Facebook posts depict the president and his cabinet as Marxist infiltrators.Suddenly, a close family friend […]
DOLPHINS FANS REACT TO PRO-CASTRO REMARKS It all started last week when Kaepernick was asked about a Malcolm X/Fidel Castro t-shirt he had worn recently. Miami Herald beat reporter Armando... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
November 12, 2016 – Congratulations to President Elect Donald J. Trump and Vice-President Elect Mike Pence. We at the Chaos blog are extremely happy that President Elect Trump won! There is a God in Heaven. The good guys won and … Continue reading →
This is an interesting scenario. I wish this were the only variation on this theme. Then, someone could tell me that the world isn’t as crooked as I say it is. The heart of man is deceitfully wicked, above all things. Played out many times in the last 30 years, any legal conflicts never exposed all of the parties involved, in the same litigation. One hand is literally clueless to the existence of the other. Documentary separation precludes both hands being caught in the cookie jar, at the same time.
At the top of this food chain is a bank trustee to sign off on everything. Next, there is at least one loan officer, to make the paperwork look good. Rounding out this cabal is a real estate broker, an insurance broker and 4 to 6 investors. Just to illustrate the financial clout in one of these arrangements, if the buy-in to the group is $50,000, that’s a total of as much as $450,000 in seed money. Once the consortium is rooted and established, it could be collecting 2% interest on as much as $6 million in mortgages. Let’s take a look at the possibilities.
Scenario #1 A mortgage applicant walks into the bank and sits down with the loan officer. He doesn’t have the required 20 % down payment. Yes, I know that a lot of creative financing has gone under the bridge since those days, but that is exactly the practices under discussion here. The loan officer looks over the application. He sees the negative against approval by the bank and says, “No problem! “We” can get you financed.” The applicant is sent to the real estate broker. An agreement is written, containing 2% more interest that the holding/funding company can get on a mortgage. One important point must be made, here. In many instances, the funding source is not presenting itself or acting as a lending institution. It isn’t until there is a legal conflict that people discover that they only thought they had a “mortgage” with the “bank”. In reality, the funding company jumped the applicant on the sale, then made agreementon a private sale by owner, with private terms. The fuinding company bought the property, and the applicant helped make the down payment. Technically, the applicant doesn’t own the property until the terms are satisfied. There is a closing, but it isn’t as the applicant believes. He’s in the property , under license.
As an example, if the sale price is 150,000, the applicant gets a much more expensive deal than the den of thieves. He has 20,000 down and a financed amount of $130,000. The cabal $30,000 down, a financed amount of $120,000 and an interest rate 2% lower than the applicant. Over time, the payoff amounts widen and it’s a winner for the funding company. In some cases, the money people had lines of credit equal to their investment. Effectively, they risked nothing. I’m sure you’re aware of all of the self help real estate books and videos about using “Other Peoples’ Money”. This is one opf those brilliant ideas.
Scenario #2 In this scenario, the fun is just beginning. After 5 years, either the funding source or the original applicant finds a buyer for the property at $200,000.
There are enough carrots dangling here, to make everyone happy. The applicant is offered his equity and appreciation, plus a $20,000 “commission”, if the funding company writes the new agreement. There’s nothing like bringing unwitting and unaware in to do their bidding. However the chips fall, the funding company makes a lot of money, especially if the original applicant “buys” another property, through them. In a rising market, it has proven to be easy to do, with no disruptions to risk exposure in litigation.
Scenario #3 This one is everyone’s nightmare. A declining market, growing numbers of defaults, and uncertainty about the future begin to wear on the money machine. The negative cash flow runs back up the pipeline in a shockwave. Capital sources dry up. Banks fail. Holding a lot of inventory that isn’t producing income puts a business, out of business.That should explain ehy the only word thast people want to hear is “recovery”. When the wheels fall off of the currency everyone loses except the Federal Reserve. The system acquired the assets for the printing costs.
All of the details in these scenarios don’t exactly fit any single individual or institution. The pattern however, is much deeper and ingrained in the United States. If people learn how things work, it’s because the Federal Reserve taught them. Once people learn how to create “money” out of thin air by terms of sale and the wiggle room in fractional banking, unwary people are ripe for the plucking. No one runs the Bait-and-Switch better than the Federal Reserve. They built the cracks that are the reason the “owner” of a property can be officially listed as “occupant”. In the illusion of the Federal Reserve world, no one owns anything and everything is under central Fascist management. As strange and dangerous as this Brave New World is, people still want to be good, loyal little Corporatists. When their turn comes to take one for the team, the newest version of Der Feuhrer will say nice things about them after they’ve gone conquering for the Homeland. They went too far too back out. Now, they just hope for the best, and legally support the worst.
“People stand silent in the presence of corruption, to fall back in the small comfort of passionate defense of virtue they should have displayed, before the fact.”
First Look: New Linda Tirelli Suit Against Bank of America Cross-posted from LiberyRoadMedia Attorney Linda Tirelli, a rockstar in the arena of foreclosure defense, has just filed an adversarial bankruptcy suit in the Southern District of New York naming the following as defendants: Bank of America, Nationstar, U.S. Bank, and Recontrust. As many former and s […]