No more evictions!

Started by Rossfan, December 16, 2018, 05:16:52 PM

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TabClear

Quote from: Seamus on December 19, 2018, 02:53:52 PM
Banks worldwide are packaging loans and selling them off with neons. It does not matter whether the mortgage owner is in arrears or not. The buyers for example Volture Fund have no contract with the mortgage owner therefore legally the loan does not hav to be paid. Go to the meetings to find out other frauds that are taking place. Many of the board members live near by. The Central Banking Systems days are numbered.

No bank is going to let the sale of a loan void the contract.  In its simplest form your contract/mortgage is with the company i.e. if the bank is sold (to a vulture fund or whatever) the loan follows the company. You still owe them.
If teh bank want to pick and choose what loans to sell they simple package them up in another wholly owned SPV (New company) and sell the SPV. Your mortgage will usually define transfers within the original group as allowed. You still owe them.
If the contract provides for individual loans to be sold, you still owe them.

dec

Quote from: Seamus on December 19, 2018, 02:53:52 PMThe buyers for example Volture Fund have no contract with the mortgage owner therefore legally the loan does not hav to be paid.

You need to stop reading conspiracy loon websites.

TyroneOnlooker

Quote from: dec on December 19, 2018, 03:43:38 PM
Quote from: Seamus on December 19, 2018, 02:53:52 PMThe buyers for example Volture Fund have no contract with the mortgage owner therefore legally the loan does not hav to be paid.

You need to stop reading conspiracy loon websites.

+1. If Borrower has a mortgage with Bank X and Bank X sells the mortgage to Bank Y, then the mortgage between Borrower and Bank Y continues as if Bank Y was the original bank. Bank Y can't just decide to throw the Borrower out of their property and sell it....unless Borrower stops paying their mortgage.

The difference with the vulture funds opposed to traditional high street banks is that the vulture funds are more active in enforcing their security should the borrowers stop making payment. But it's all legal. To think it's all fraud is loony stuff.

sid waddell

Quote from: Seamus on December 19, 2018, 02:53:52 PM
Banks worldwide are packaging loans and selling them off with neons. It does not matter whether the mortgage owner is in arrears or not. The buyers for example Volture Fund have no contract with the mortgage owner therefore legally the loan does not hav to be paid. Go to the meetings to find out other frauds that are taking place. Many of the board members live near by. The Central Banking Systems days are numbered.
I'd say there are a lot of constantly flashing neons in your head.


Geoff Tipps

Quote from: Seamus on December 19, 2018, 02:53:52 PM
Banks worldwide are packaging loans and selling them off with neons. It does not matter whether the mortgage owner is in arrears or not. The buyers for example Volture Fund have no contract with the mortgage owner therefore legally the loan does not hav to be paid. Go to the meetings to find out other frauds that are taking place. Many of the board members live near by. The Central Banking Systems days are numbered.

Seamus, as we all know is the Irish for James. And what's short for James?? Da da daaaaaaa ;D


seafoid

#185
I found an article from 2011 when the euro crisis was cooking . By Martin Wolf in the FT

http://www.ft.com/cms/s/0/3ba2f7c4-ee76-11e0-a2ed-00144feab49a.html#ixzz1ZttJLa86
October 4, 2011 8:07 pm
How to keep the euro on the road


"The easy credit conditions and low interest rates of the first decade delivered property bubbles and explosions of private borrowing in Ireland and Spain, incontinent public borrowing in Greece, declines in external competitiveness in Greece, Italy and Spain and huge external deficits in Greece, Portugal and Spain. When financial markets panicked, borrowers suffered "a sudden stop", which caused cascading crises of illiquidity and insolvency for sovereigns and banks. The eurozone has been running to catch up. But the crisis runs faster. Almost half of the sovereign debt shows heightened credit risk.

The eurozone had no mechanisms for cross-border financing of borrowers who had lost access to funds. In theory, adjustment should have occurred via the classical mechanisms: a spiral of sovereign defaults, banking collapses, slumps, unemployment, falling wages, fiscal retrenchment and all round misery. Nobody forewarned the public that such brutality lay in wait. Politicians did not understand this either. When the time came, they all flinched.


So what has to be done? The answer comes in two pairs: the first is "stocks and flows"; the second is "financing and adjustment". Stocks refers to cleaning up the legacy of the past. Flows refer
to the need to return to sustainable economic growth. Financing and adjustment refer to the how and the when of efforts to clean up stocks and restore sustainability to flows.
Several eurozone members have emerged from the crisis with huge overhangs of private and sovereign debt. If these stocks cannot be rolled over, a mixture of financing and restructuring remains. Either the official sector provides finance or it ensures a restructuring of debt in terms of face value, maturity or interest rates. In the case of Greece, the decision has been made to finance the debt overhang, via the official sector, indefinitely. No voluntary private financing exists. The private sector debt restructuring now being organised offers next to no relief to Greece, but substantial relief to erstwhile private lenders. In the case of Greece certainly (and Portugal and Ireland possibly), substantial reduction in the burden of debt service are essential.


This stock problem runs through banking, too, where the overhang of bad loans impairs both solvency and liquidity. Again, the solution is financing – injections of capital and support from the central bank – and restructuring – write-downs of assets and some liabilities. So long as the overhangs of bad debt remain, private finance will not return."


It doesn't matter what you think about the McGanns. Or Roscommon.

This is a structural problem.
The ECB should have restructured non performing loans but instead it slashed interest rates and got another property bubble going.
2011 NPLs are now owned by vulture funds. They were not restructured

There will be loads more cases like this one in the next few years. On top of all the new cases from the next crash. 
"f**k it, just score"- Donaghy   https://www.youtube.com/watch?v=IbxG2WwVRjU

Rossfan

2 arrested and a lorry allegedly used in the attack on the Goons taken by the Gárdai.
Davy's given us a dream to cling to
We're going to bring home the SAM

Baile an tuaigh

This is an email correspondence I had with a friend of mine who's originally from Roscommon, he studies Irish history and has published some books

It is not directly linked to this incident but he gives a few words on the history of the area. This is only for those who are interested. Again not my own words.   



Strokestown district was devastated during the 1845-1850 Holocaust. English landlord Pakenham-Mahon "owned" Strokestown and the surrounding 42.14 sq. miles (26,980 acres) on which basis he claimed ownership of the fruit of essentially all labor on those 26,980 acres. He murdered large numbers of his tenants by commandeering all of their agricultural production and evicting many, including babies and the senile, penniless, in all weather, often wet (with average summer temperature of 56˚ Fahrenheit and winter of 39˚). In or about "Black '47" Pakenham-Mahon evicted all tenants in "his" town land of Ballykilcline. They headed for Dublin on foot; most of them into oblivion.

The landlords Pakenham of Strokestown had other estates. A Pakenham was Lord Longford living in his Pakenham Hall, Castlepollard, Co. Westmeath. Relative General Sir Edward Pakenham was killed on January 8, 1815 while leading a British attack against America, in The Battle of New Orleans ("Down the Mississippi to the Gulf of Mexico") but Ireland's Royal Dail and its corrupt academia still insist (as does Derek Warfield recently) that Ireland's landlords were Irish. Proof of their Englishness is also available in John Bateman's The Great Landowners of Great Britain and Ireland. London: Harrison & Sons 1878.


Due to the Parnell/Davitt Land League, including the Capt. Boycott incident, and to international outrage at England's destruction of the Irish, the British government in 1900-1920 bought out its landlords from Ireland (at above-market prices) and those not already in England (or the Continent) repatriated. The "golden handshakes" granted them was so munificent that, to amortize it out of the "striped" survival farms distributed to the Irish producers on the land, the repayment period was set at 68.5 years. My father and all of our neighbors in Co. Roscommon, and presumably the rest of Ireland, were still paying that annual "Rent" in addition to "Rates" (taxes) into the 1970s. Echoes of this historic injustice resonate in the foisting of the $78 billion of bankster losses onto Ireland's taxpayers (who had nothing whatever to do with incurring such debt), and to the recurrence of evictions in Ireland.


A particularly repulsive feature of Ireland's Royal Dail and its academia is that the Strokestown Big House of the Pakenham-Mahon estate is now Ireland's official "Famine Museum." Visitors seeking to learn the identity of the British regiment that starved their relatives are directed, instead, to admire the landlord's palatial residence and furnishings (that had been squeezed out of the unpaid labor of their Irish tenants

Syferus

You have weird email corespondances with loony fringe Republicans and the Famine Musem is actually a pretty awesome tourist attraction.

Baile an tuaigh

#189
Quote from: Syferus on December 20, 2018, 01:16:10 AM
You have weird email corespondances with loony fringe Republicans and the Famine Musem is actually a pretty awesome tourist attraction.

At one time I might have agreed with you but he proved it to me by showing me hand written (done before typewriter) British military records he obtained from Kew in London 1984. It is very accurate. If you are genuinely interested ill send you some copies but it wont be tonight.     


Seamus

Quote from: TyroneOnlooker on December 19, 2018, 03:53:46 PM
Quote from: dec on December 19, 2018, 03:43:38 PM
Quote from: Seamus on December 19, 2018, 02:53:52 PMThe buyers for example Volture Fund have no contract with the mortgage owner therefore legally the loan does not hav to be paid.

You need to stop reading conspiracy loon websites.

+1. If Borrower has a mortgage with Bank X and Bank X sells the mortgage to Bank Y, then the mortgage between Borrower and Bank Y continues as if Bank Y was the original bank. Bank Y can't just decide to throw the Borrower out of their property and sell it....unless Borrower stops paying their mortgage.

The difference with the vulture funds opposed to traditional high street banks is that the vulture funds are more active in enforcing their security should the borrowers stop making payment. But it's all legal. To think it's all fraud is loony stuff.

Total misinformation on your part, sad thing is the sheeple will believe you. Lets see if the march in Strokestown next Sunday will get proper media coverage or or will they spin it in order to keep people like you in the dark.

"I wish I could inspire the same confidence in the truth which is so readily accorded to lies".

dec

Quote from: Seamus on December 20, 2018, 01:59:48 AM
Quote from: TyroneOnlooker on December 19, 2018, 03:53:46 PM
Quote from: dec on December 19, 2018, 03:43:38 PM
Quote from: Seamus on December 19, 2018, 02:53:52 PMThe buyers for example Volture Fund have no contract with the mortgage owner therefore legally the loan does not hav to be paid.

You need to stop reading conspiracy loon websites.

+1. If Borrower has a mortgage with Bank X and Bank X sells the mortgage to Bank Y, then the mortgage between Borrower and Bank Y continues as if Bank Y was the original bank. Bank Y can't just decide to throw the Borrower out of their property and sell it....unless Borrower stops paying their mortgage.

The difference with the vulture funds opposed to traditional high street banks is that the vulture funds are more active in enforcing their security should the borrowers stop making payment. But it's all legal. To think it's all fraud is loony stuff.

Total misinformation on your part, sad thing is the sheeple will believe you. Lets see if the march in Strokestown next Sunday will get proper media coverage or or will they spin it in order to keep people like you in the dark.

Conspiracy loons are brilliant. They all seem to believe that they alone are privy to some secret knowledge that only they can understand and everyone else is being kept in the dark.


Hardy

Not many people know Einstein was killed by the Mafia.
Ask me why.

haranguerer

I'd guess....he knew too much

Hardy

How did you know that? Are you with the illuminati?