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Why Banks Want to Foreclose on Your Home Rather Than Modify Your Loan


"If the American people ever allow private banks
to control the issue of their money,
first by inflation and then by deflation,
the banks and corporations that will
grow up around them (around the banks),
will deprive the people of their property
until their children will wake up homeless
on the continent their fathers conquered." Thomas Jefferson

The reason why so many people are facing foreclosure is because the Lenders IE the Banks WANT YOUR HOME not your mortgage AND they want YOU impoverished. However, this is not to say that they aren't willing to make money in the short term by selling your worthless mortgage to investors willing to pay for it and then buying assets like gold, commodities or land, assets that are real! The reason they want you impoverished is because impoverished people are easier to control.

The reason why they want your home and not your mortgage is because your home and the land it sits on is a real asset while your mortgage is JUST A PIECE of paper with a promise on it! I know that this might seem simplistic but the majority of Americans and maybe the whole world don't understand what is going on in America right now. What we are seeing right now is a raping of America by the Banks. These banks set up fraudulent loans also known as Liars Loans, no doc loans and sub-prime loans that will reset at an enormous rate. They lend out money THAT THEY DON'T HAVE to people who may or may not be able to afford them. The higher the mortgage the more money they make upfront. The reason that they did this is so that they can rake in the loan fees (in the beginning), sell the loans to foreign investors and then after getting all that money, gather money through interest, steal money through the fraudulent bail out schemes, make money when you default on the home through insurance and bail outs and then TAKE YOUR HOME in foreclosure, which is the only real asset in the first place. They win on several fronts.

Most Americans do not understand that the banks do not have the money that they loan to you in the first place. We have what is called a fractional reserve system. This system allows banks to obtain money (from thin air) from the Federal Reserve or from other Loans and then to lend that money out while only holding 10% of it in the bank. By the time they lend that money out over and over again it becomes literally non-existent. Moreover, the Federal Reserve is now trying to even lower that number further.

What we need is for the public to become more economically literate. No one knows about this worldwide Ponzi scheme and because it's so little known they are getting away with it. Please take the time to watch the movies I have added at the bottom of this posting and tell your friends. With knowledge comes freedom. It's not too late, yet....

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    It's easy to save a ton of money in real estate commissions by selling your own home using Craigslist. This can be done from 3,000 miles away and without a real estate license and I will show you how you can...
  • Facing Foreclosure: FIGHT BACK!
    Ok, so you are facing foreclosure? Let's start with a very brief synopses of the whole mortgage melt down crisis: Here is what happened in a nutshell... Prior to Wall Street interfering with the home...


A Little TRUTH on September 29, 2011:


This commercial lien process is new to me and getting more interesting. I’m familiar with similar processes which gain their power from a presumption(s) that the fiction cannot rebut and so the presumption stands if you can record and execute it properly, but this seems more solid than any.

I don’t quite understand your comment about The Matrix, but I think it’s too far off topic to discuss here. I’ll send you an email later. I appreciate the heads-up.

Satori from California on September 29, 2011:

Yes. To acquire the actual title, use actual law.

Brie Hoffman (author) from Manhattan on September 29, 2011:

Scroll to Continue

Satori: Are you talking about taking title via this method?

Satori from California on September 29, 2011:

Little Truth,

We frequently talk about strawmen and fictitious states, though of course those are legal fictions. It's worth remembering that strawmen are like shadows, unreal to any meaningful extent and of course, not things one can sanely identify oneself with. The trick is knowing that. Similarly, like a shadow these fictitious states cannot withstand Light, and so must constantly defraud and threaten their citizens to hide their own lamps under bushels.

Commercial liens are truly an instrument of Old Testament Hebrew mechants' law, now termed commercial law. It's what corporations use today. The globalists have made quite an effort to standardize their implementation of commercial law, and the Uniform Commercial Codes are their own - copyrighted, no less - version of them. So commercial liens are only a private administrative process inasmuch as they also interface with the Securities + Exchange Commission to become acknowledged by the present unreal system. When the liens mature, they become federally-documented securities which can be used to successfully levy whole properties. Local sheriffs have no difficulty acknowledging the documents, because they're accepting of the SEC's authority. Additionally, the claims on property established by properly-matured commercial liens take precedence over nearly every other claim on the land, requiring that they be satisfied before nearly any other claims. This is due to the nature of the commercial process, which dates back to the ancient Hebrews. This would seem to be a valid means of actually owning the land again, rather than buying Unreal Estate and being termed a Tenant on the Deed, as happens generally.

Take notice, you may want to be careful in using symbolism from The Matrix. Part of its agenda was to get at those of us in society who are revealing the legitimate system. This is done by organizing some of the sell-outs within the system to mimic what we're doing, but employ lookalike symbolism that identifies them to each other. Drugs and synthetic, unreal circumstances (such as computer simulations), tattoos and shaved heads indicating slavery (as are used in the movie), and government agents are frequently-used symbolism to denote these traitors to each other. Just a heads-up. =)

Be well,

- Satori

A Little TRUTH on September 28, 2011:


I’m currently living and working in the Dominican Republic (the fictional one, since I came in with a strawman passport).

Yes, I learned a thing or two the hard way filing UCC Financing Statements. Based on the links, you’re talking about a private administration process based on gaining tacit agreement. It seems like the most difficult part will be creating the link from private to public. The public servants need to be switched on to execute. Your buildfreedom link is extremely thorough including cautions and potential pitfalls. I never thought this much powerful truth could be in one place and remain there.

Yes, that would be rather perplexing if my strawman took me to court. Not to worry though, he doesn’t currently have any property issues. Thanks for the land patent link, and Team Law in general. I suspect that something like land patents are done more here in the Dominican Republic.

I have also had growing skepticism of, and I’m not surprised at your findings. Good work! Sometimes it’s hard to tell the real freedom groups from the controlled opposition.

As far as getting together, yes, we can throw some ideas around via email. From here, my mission is mainly offering up the red pill to anyone who takes interest (a little truth).

Brie Hoffman (author) from Manhattan on September 28, 2011:

It's not something I could do right now but it sounds like a great idea.

Satori from California on September 28, 2011:

Only vague recollection of a CNN news piece they did on it a few years ago. Bush congratulating with some Canadian leader on something called the "FAST" or "PASS" or "FAST PASS" system. They purported to be really happy about it. More likely, they knew it would look odd if they /didn't/ publicly announce it.

It just occurred to me that I do workshops every week at my local homeless shelter, with multimedia powerpoint presentations. The response has been great; these people are disenfranchised, and some just attend at first because they don't have anything better to do. People have given really enthusiastic responses now, and it's a great way to build local support. All those people are talking to people throughout their day, about the things that interest them. Gossip travels quickly among the homeless, and information spreads well there. I have the powerpoint files available to share, if you or Truth or both want to put on similar workshops in your area. We could form the makings of a mini-syndicate of content like this, and use it to get people active in our own areas. All you'd need is an understanding of the info being presented, a pair of decent speakers and a laptop projector (our shelter happened to have one, which is what started the whole thing). Then you just go to your shelter and offer to provide a free workshop for their participants on Law, Rights + Activism. Underfunded shelters are usually so glad to have new involvement. It's a thought.

Be well,

- Satori

Brie Hoffman (author) from Manhattan on September 28, 2011:

Do you have any info on those walls they are putting up on the Canadian border?

Satori from California on September 28, 2011:

It does make meeting up at a local coffee shop difficult. Beyond that collective legal projects, internet writing, and collaboration is still feasible. =)

Imagine coordinating with a small group of people online, sharing information and coming up with great plans. Then, each participant applying those plans in their local area. You'd have the makings of a nationwide movement.

Be well,

- Satori

Brie Hoffman (author) from Manhattan on September 28, 2011:

Other side of the country!

Satori from California on September 28, 2011:

Santa Cruz, in the lawful California.

Brie Hoffman (author) from Manhattan on September 28, 2011:

Where are you located Satori?

Satori from California on September 28, 2011:

A Little Truth,

I'm talking about the commercial lien instrument. A UCC Financing Statement is, if memory serves, one document used in the process. DO NOT simply use a UCC Financing Statement as the whole process! Lots of people have misused the process, it's been invalid, and the system has pounced on them for it. This is how commercial lien use has been given a bad name. It's a default process, meaning you need to give the other party a total of three months to refute your claims or it's not fair.

Beyond that, sounds like you were learning! Imagine if your strawman had demanded a trial - what the heck venue would that have been in, strawman versus sovereign? Incidentally, the information on land ownership you seem to have been looking for is available here:

I recommend their whole site, not that there's much of it. Dispelling common patriot myths is generally a good thing.

Incidentally A Little Truth, I've been evaluating the site you referred me to. I have that diagnosis you'd asked me about. Overtly, the information put out by the site and its podcasts is valid, true and correct. Awesome! But the site appears to be an astroturf movement - that is, a fake grassroots movement - because as I listened to the podcast I realized the people speaking were using covert symbologies and imagery which identified one as being a dark Mason (not the increasingly-rare good ones who founded the country), and the other as working for the Vatican which knocked over the country the first time. In my workshops I've been showing other people how to spot the lingo, because there's no point in working to restore the Republic only to have it dashed to pieces all over again. Double-traitors like those organizing these kind of astroturf movements are going to find themselves in a suddenly precarious position as this info gets more generally-known: they're not going to be on good terms with the current tyrannous system on the one side, and the People are going to be quite able to recognize them as traitors and demand justice on the other. Not quite the cushy subversive jobs they probably thought they were getting into. =)

There are days when it feels good to provide the People with the facts. So much can be done! We should really organize somewhere, even if it's just via e-mail. Brie, you, myself, perhaps a few other Hubpagers we know. Throw some ideas around, decide how to organize a few efforts. Maybe discuss how to get information like the above distributed rapidly and profitably. I've learned a few techniques from watching the Masons and the Vatican work, and once you get a group together you can start all kinds of things. They've been doing it maliciously for centuries. I'm sure it can be put to a benevolent application too.

Be well,

- Satori

Satori from California on September 28, 2011:


Commercial liens are frequently used by the banks against people (A Little Truth: read: "strawmen"), and they'd kept them quiet because they didn't want the public using them too. As it happens they're quite legitimate, a form of out-of-court dispute resolution relying on sworn affidavits stating facts. Anything the other party can't disprove stands automatically, giving you the means to turn a lien into property ownership when the damage amounts are great enough. This is a form of merchant's law which has been in use since the Old Testament.

There is a writeup of it here:

And there's a comprehensive how-to guide here:

The thing about commercial liens is that with them, you could go from megacorporation to megacorporation, claiming assets for wrongs they've done which have personally affected you, and turning this corrupt system into your own personal Monopoly board. We're in a system that has become used to doing what it likes, without concern for comeuppance, because few people know how to create accountability in law. The problem with using this quietly to turn the place into your own Monopoly board instead of theirs is that eventually, the bottom falls out of the system, martial law is declared, and then none of that ownership means anything. From that perspective, it makes more sense to freely distribute information to people to better enable them, which is precisely what I do. =)

A Little TRUTH on September 27, 2011:

Awesome, Satori!

Are you talking about a UCC Financing Statement lien? I filed one of those at the Secretary of State against a house “owned” by my straw man. Then my straw man got a letter from the State describing the lien that was in place, and if he disagreed with it, a court action and judge’s decision would be needed to remove it. Although it didn’t get me the intended result, this provided me with a nice reality check on how these things work in the legal system.

Brie Hoffman (author) from Manhattan on September 27, 2011:

I would definitely be interested.

Satori from California on September 27, 2011:

You are quite correct. With the research presented in Outfoxed alone, there has been enough evidence compiled on Fox News to get their corporate charter rescinded and their assets seized either in court or with a commercial lien. Would you be interested in using their repossessed assets to start a valid news channel? The means to do this is readily available.

Now that I think about it, this may be an interesting response to the bank foreclosures as well. Imagine getting a determination against them that ends up yanking their assets, because what they've been doing overall qualifies as racketeering. Commercial liens could be a good instrument to use to do this, because they're out-of-court instruments which get a default judgement rather than a judge's decision, and very few judges have the authority to overturn that default judgement.

Thought you might appreciate having the information. =)

Be well,

- Satori

Brie Hoffman (author) from Manhattan on September 27, 2011:

Thanks Satori: The Vichy Media are worse than pundits they are traitors.

Satori from California on September 27, 2011:


I appreciate this information. As the People start comparing notes, we can put together a full understanding of the agenda for treason. You may want to be aware that real estate has been made easier to yank away from people with a little advance planning and cunning, because it's not true land ownership.

The first part of the effort to dissociate citizens from their land was to hand out false titles to it. This was planned well in advance, as part of the strategy whose late stage you've described here. It's an old strategy, designed to return us to a feudal system where anyone who seeks to work or use land must swear fealty to a land baron, and it strives to bring us back to medieval European feudalism. This is probably why land ownership used to be associated with sovereignty and freedom; without it, you'd be utterly beholden to whoever is considered to own that land.

You can spot the symbolism of this concerted effort to terraform our rights-based system in the imagery used in the STATE OF CALIFORNIA seal. The wheat sheaf describes control over the land and its bounty, and the gold miner refers to pulling to gold and value out of the land just as they've done with the currency. There's more info on this in my Hub "The Breakdown of Rights in America - The Dumbening".

I also recommend the base URL for, as they research a lot of this and put out information to bring people back to a restored acknowledgement of how the country is truly structured.

The overall scheme we're talking about is a pair of old crimes entitled "obreption" and "subreption". Meaning, stealthily crawling TO one structure of pseudolaws and AWAY from the original laws. Crawling, as that done by a reptile. It's gradual, taking many generations to accomplish, but if it's done well enough people don't actually notice. The positive upshot of this is that while the erosion of law and rights has to be done ever-so-slowly, restoration can happen just as fast as recognition of this can be restored to the People. Meaning, as rapidly as the information can be relayed to them.

Brie, I really appreciate your having written this Hub. We need more legitimate journalism, because the consolidated media has become relegated to political pundits. Here's to patriotism and civic duty! Keeping our rights is absolutely vital if we're to have any type of meaningful life.

Be well,

- Satori

Brie Hoffman (author) from Manhattan on September 27, 2011:

I agree "A Little Truth"

A Little TRUTH on September 27, 2011:

Roger, those are some awesome links, I will probably add some of them to my hub on the Fed.

Yes, the conditioning of the people about money is most extreme. The presumption that government needs taxes to pay their bills is spoken as absolute and unquestioned fact in the mainstream media. It’s amazing how many people are not able to think another thought, other than to believe this presumption.

I like your statement “Fiat taxes are not “revenue” to a fiat currency issuer.” It packs a lot of meaning, and should be a famous quote.

Brie Hoffman (author) from Manhattan on September 27, 2011:

Thanks, I put them in the article or on amazon.

Roger Erickson on September 27, 2011:

Hi Brie;

Here are some more links on modern monetary operations.

Brie Hoffman (author) from Manhattan on September 26, 2011:

Thanks for the info Roger I will look into it.

Roger Erickson on September 26, 2011:

This message wasn't always so difficult to get across.

"Governmental bankruptcy and the confiscation of property by taxation and foreclosure have proven, notwithstanding Hamilton's ability as a politician, that Jefferson's denunciation of him as "an unscrupulous representative" of the school of thought that the international bankers had been careful to develop, was more than warranted." Gerald Gratten McGeer

Today, see

Since 1933 the situation has been even simpler than what you describe. Fiat taxes are not "revenue" to a fiat currency issuer. That's the very definition of fiat.

see Beardsley Ruml, NY Fed, 1946

"Taxes for revenue are obsolete."

(Bankers! It took Ruml 13 years to figure out what Jefferson, Lincoln & McGeer saw from the get go.)

Bill Mitchell

Brie Hoffman (author) from Manhattan on September 05, 2011:

That's right! +1 is a new google thing...thanks for voting it up and becoming a fan!

A Little TRUTH on September 04, 2011:

Yes, not to mention that the bank never loaned any money, as the videos show. Voted up of coarse, but don't know much about +1, maybe I'll have to sign up.

Brie Hoffman (author) from Manhattan on September 04, 2011:

Very good points "A Little Truth"

People have to realize that when a bank forecloses on a home,they get paid by their insurance company, they keep the money already given to them by the previous owner, they get bail-out money and they get the house and possibly more money from the next sucker! Now, you tell me that the banks don't want to foreclose!? People need to use their brains! Thanks for commenting..please +1 and vote it up...thanks

A Little TRUTH on September 04, 2011:

Brie, it is indeed a perplexing question you raise: Why do banks foreclose rather than modify the loan? You give some good reasons, but many commenters say you’re flat out wrong and that banks do not want the properties. However the reasons that they give is that it is LOGICAL for the banks to prefer continued payments rather than having a property that sits vacant and has to be maintained or sold at a great loss.

However, there is one flaw with this logic – it assumes that the banks MOTIVE is solely profit. If the banks would rather get paid than foreclose, then there would be very few foreclosures. They could and would make that happen if that’s what they wanted. This could have been done simply by only giving mortgages only to those who could pay (like they used to before – and like they do now), and then not creating booms and busts by loosening and tightening credit. The banks are in control. What’s happening is basically what they want to happen. The fact that they are “stuck” with millions of properties that are drastically hurting their bottom line shows that they have ANOTHER AGENDA, besides profit, which you bring out nicely in your hub and comments – CONTROL EVERYONE AND EVERYTHING (like “I Want the Earth and 5%” - thanks aguasilver, good article) .

You sure get some weird comments on a hub like this! Eg. douglashanlon who says we were “much worse” before the Fed was created. Actually, the Federal Reserve System is the FOURTH Central Bank in America. Some, if not all, of the other 3 had 20 year charters. When the 20 years were up, they were not re-instituted because the people knew from experience that things got much worse with a Central Bank around. They couldn’t start a new Central Bank until enough time passed and the people forgot how bad it was. This current Central Bank had to be created in secrecy and the Act passed on the day before Christmas break when most of congress was not present.

douglashanlon also wrote that members of the Fed have their money invested in the same economy [as us]. Actually, I think it’s safe to say that they would be fully invested in the Federal Reserve itself – because they can, and because the Federal Reserve has to be the most profitable private entity in the world. They are collecting interest on 14.6 trillion dollars! I, and many, many others would be invested also if the stock was publicly traded. It’s a no-brainer, guaranteed super-profit machine. They didn’t even have the 14.6 trillion to lend, they just created it on demand!

Brie Hoffman (author) from Manhattan on May 20, 2011:

Well, I can agree with that!

Kris on May 20, 2011:

Not to beat a dead horse(as I am loathed to necro), but everyone should look up the concept of a Pathocracy(Rule by Sociopaths).

Because if you look at the 21st Century(heck even the 20th Century) it is painfully obvious that we are living in a Pathocracy.

Brie Hoffman (author) from Manhattan on April 11, 2011:

My Blog is about MY OPINIONS and I back those up with FACTS, if you don't like it find another blog!

Brie Hoffman (author) from Manhattan on March 26, 2011:

oh vey!

Eddie on March 26, 2011:

Miss Brie,

You're adorable when you talk money! lol

Brie Hoffman (author) from Manhattan on March 14, 2011:

Please don't put outside urls in your comments. I don't care if it is or isn't ...IT'S TRUE!

Brie Hoffman (author) from Manhattan on February 20, 2011:

The government is in cahoots with the banks. They want the downturn, it benefits them in several ways. They are able to gobble up vast resources, land, property, whatever.., if things go back up they can sell them at higher prices, if they don't they still own everything. The government has been bought and paid for by the Central Banks and Corporations...they own us.

PLar4747 on February 20, 2011:


Thanks again for helping me answer questions I haven't been able to figure out to this point. I've always thought that some folks are getting very rich off of other peoples misfortunes right now and I can only hope that there is a higher court that will judge them someday. Still doesn't seem as if our government is doing enough to help those who are borderline cases. Some folks just bit off more than they could chew, but in a lot of instances, when these sub prime loans adjust to higher rates, all that is needed is the willingness of the banks to amend the interest terms. I've heard of a few isolated instances where that's happened, but not very often. It's as if they just want to let the house of cards totally collapse, as opposed to try and be humane about it. Millions of peoples credit is going to be ruined before this is all over and for what? All for greed.

Brie Hoffman (author) from Manhattan on February 19, 2011:

The answer is YES they get a write off and they have this little thing called INSURANCE...remember AIG? So they benefit when they screw you. They are allowed to do this (your words) because they have lobbied (bought) congress and have gotten the laws to benefit them. They are also counting on the ignorance of the public (people like Kitten who wrote the comments before you) and of course the media encourages these lies and the ignorance.

PLar4747 on February 19, 2011:


Appreciate your hub. I refinanced my house in 2005. I had a mortgage of $130,000 and the loan was a 2 year arm at 6.7%, which adjusted to 9.0% in 2007. The reason I had to go with the 2 year arm was because I had a descrepancy on my credit record as a result of co signing for a car loan for my sister, and she had some late payments. In 2007 I could not refinance the loan due to changes in the laws. My monthly payment of about $800 skyrocketed to almost $1400. I repeatedly called the mortgage company (based out of California), even while I was current, to see if they would lower the interest rate or modify the loan. No such luck. I had to let the house go into foreclosure because I could no longer keep up with the high monthly payments. After the house foreclosed, the mortgage company turned around and sold the house for $50,000. I couldn't believe it. I originally purchased the house in 1995 for $80,000, had put in at least $30,000 in improvements, and here almost 15 years later they dumped it for $50,000. I don't understand why a bank wouldn't rather refinance the terms of a loan, where they would get a $130,000, as opposed to taking a $80,000 loss and getting rid of the house? I would love for someone who is in the banking business to explain that to me. Do the banks get a $80,000 tax write off for doing that? The sad thing is they are screwing a lot of decent people out of their houses just to make a buck. If I had been told in 2005 that I wouldn't have been allowed to refinance in 2007, I probably would have chosen a 30 year fixed as opposed to a 2 year arm. I think a lot of folks would have. I can see where people were taking advantage of the system and buying houses that they couldn't afford to pay for, but in some instances innocent people were taken advantage of. How are the banks allowed to do this?

Brie Hoffman (author) from Manhattan on February 17, 2011:

Kitten, Kitten, Kitten: You have drunk the kool-aid sweetheart! Do you know what the fractional reserve system is? Do you know that the Banks don't have any money? Or, I guess to be precise they have 10% because that is what they are required by law to have. The other 90% is made up out of thin air! Please don't try to school me on things you apparently have no clue about. Please do some homework and look into it yourself. Please, Please google and watch the movie The Money Masters and Money is Debt (on this hub). Then get back to me. I know that the mainstream information out there makes you want to believe that the banks don't want your land, property...whatever...but it's not true, they want it all, they want interest paid on nothing and they want the land too and you know what..they got it!

Kitten on February 17, 2011:

Brie, your article is completely absurd. Banks do NOT want to own property. I work at a bank -- trust me... they DO NOT. Banks provide financing to help people buy houses, businesses buy equipment, investors buy real estate, or even provide funding to low-income housing authorities to enable low to moderate income families own houses. Without this money, these people/businesses/etc could not afford these things. In exchange for the bank providing this financing they require that the borrower repay the loan and pay "rent" for the borrowed money. I suggest you do more research on the balance sheet of a bank. Banks take in deposits (liabilities) and they make loans (assets). Yes they borrow federal funds ... but there is a purpose behind this process... ! It's kind of complicated and learned about it in college. Anyways, just because you live in a house does not mean you own it. Say a bank gives you a $100,000 loan to buy a $120,000 house and you put in a $20,000 down payment. A few years go buy and you've put in another $20,000. You've paid $40,000 but still owe $80,000. You lose your job and can't afford to make your payments. What happens? The bank forgives you - SWEET FREE HOUSE! No... they wait a while and then they take it from you and sell it for cheap so they can get their money back. It is horrible and heartbreaking to lose a home, but if you can't pay for it ... what do you suggest the banks do? I mean I see virgochick's comment about being 1 month late - THAT is terrible! - but not all banks do that. If you can't pay for your house then maybe it's time to put it back on the market and downgrade. It sucks but it's not the bank's fault. Pshh.

This is not to say there aren't crooked lenders or crooked financial institutions. There are! Hate on those all you want - I'm with ya. But you can't blame "BANKS". It's too broad a term and there are just as good banks as there are bad. Look around you as you drive through your home town ... the highways, the police department, the schools, apartment complexes, small businesses, restaurants, hospitals, non-profits ... these things were probably all at one point or still financed by a commercial bank. Small to medium sized community oriented banks are good :) Avoid the big ones, or those that are so small that they are about to be gobbled up by the big ones.

James Donovan on January 19, 2011:

Brie Hoffman:

When you have an opportunity please send me private contact information to I enjoy your blog and although have never responded would like to provide you with some interesting tidbits as you are on the right track, but are off-base why banks prefer to foreclose versus modify. There are several factors that intertwine and the cast here has hit on one. Send me an e-mail when you have a chance.


James Donovan

Brie Hoffman (author) from Manhattan on January 18, 2011:

Have you read my other article:

I hope it helps.

1virgochk from Sun City, CA on January 17, 2011:

I am facing foreclosure as we speak. I was over thirty days on one payment and they wouldn't accept payments after that. That was a year ago and I'm still fighting.

Brie Hoffman (author) from Manhattan on October 10, 2010:

Absolutely..yes 10.10.10 pretty weird. Thanks for becoming a fan.

Nizam for short, Niz is nice too; ) on October 10, 2010:

I am fan now thanks Brie...I was reading the one on Retirement plans, and then the one where one can earn money by renting out your couch. That is amazing. I have never been to the US Open and always wanted to go. Perhaps I might consider a couch option ; ) Today is 10-10-10!!

Brie Hoffman (author) from Manhattan on October 10, 2010:

Thanks Niz, I hope you became a fan for future articles.

Nizamuddin on October 10, 2010:

Wow. Great hub, page, comments too. Brie, I stumbled across your page and am so glad that it exists. You know what you are talking about. I agree with what you are saying and support your effort to inform and educate the American and world public, wherever home foreclosures happen. Thank you for doing what you do! I have come across topics about money, how it is created out of thin air, the fractional reserve system that banks use, the Federal Reserve System which is a hybrid entity. I read Creature From Jeckyll Island by G.Edward Griffin which was an eye opener on the Fed and how money is created OUT OF THIN AIR, heard about efforts by the Texas congressman, Ron Paul and his bill to make the Fed more transparent in an effort to audit the Fed, which has never had an independent audit. Also looked into alternative currencies or complementary currency systems like LETS created by Michael Linton who is working on Open Money, and mutual credit systems? What is money is really an interesting question that most people don't think of? There's a movie called The Money which brings up the huge topic of interest and how the money to pay back the interest is never created so where are people to get it from? And if all the money in circulation was paid back, to pay off a debt, like a house or student or car loan, all the money would disappear! Interest is the reason the money is always contracting, so more loans have to be made so more money can be created and put back into circulation. There's a book called The Problem with Interest by Tarek El Diwany, that I am dying to read. It is coming out soon in its 3rd Edition on October 18.

Keep up the good work Brie Hoffman! and Thank you

Brie Hoffman (author) from Manhattan on October 05, 2010:

Of course they don't because of the fractional reserve system which and of itself fraudulent. I hope you watched the videos and look at some of my other articles as it explains this further. Most people are unaware of how the Federal Reserve has perpetuated the biggest fraud in history against the American people. Do you know who Alex Jones is? If not, start listening to him. You will wake up fast.

Thanks for commenting.

DrewberryIP from London, United Kingdom on October 05, 2010:

Really interesting views. I have never really thought of this as a fundamental problem with the modern banking system and economy. The main problem stems if there is a run on banks as they wouldn't have the physical capital to repay savers.

Brie Hoffman (author) from Manhattan on October 03, 2010:

Yes, I know...but we must do what we can. And that is exactly what I am doing. Thanks for commenting.

godbluff on October 03, 2010:

Hey Bree, You're right about stealing the land but I don't know if you have studied the point that; we don't own our land anyway. Your deed list you as a tenant, even when you own it outright. All of us who utilize the system are slaves. Your life's earnings, At least 50%, or 35% directly and the balance indirectly,was sworn to foreign interest at the time of your birth. Start or run your own business and control your taxable income.

vic on September 26, 2010:

You dont have to be a slave. 3 years ago I took cash advances out on all my credit cards. I took all the cash and bought a house in Texas. I didn't pay any of the money back and the banks cant do a damn thing about it. check out Texas laws, they are great.Im living rent and mortgage free. Only thing I pay is my property tax which is $750 a year.

Brie Hoffman (author) from Manhattan on September 08, 2010:

You are very right Matt...time for a revolution maybe!

Matt on September 07, 2010:

Brei, you forgot one big detail, our CONgress. They set the rules to "force" the banks to make all those loans, BUT what many dont understand, is the banks were happy to do so because they knew Freddie and Fannie were there to buy them up with all the risk associated too. What we have now is a true Fascist state where our CONgress and International Corps and Banks are working in collusion to strip us unwashed masses of our rights and property. The Corps and Banks get money, the Politicians get power and they all go to bed happy not caring a wit about those who have been left penniless and homeless. The perpetual fight of Good vs. Evil. Just my humble opinion.

Brie Hoffman (author) from Manhattan on August 18, 2010:

The whole system is so messed up...

Grant Hammond on August 18, 2010:

Credit is an integral part of any capital market. There is really not way to eliminate it and expect the economy to sustain itself, let alone grow. That being said, there needs to be a better loan mod program available to homeowners. Simply eliminating homeowners is not making it better for anyone.

deboss on August 17, 2010:

civil war,,anarchy,,a complete clockwork orange,,and bankers hanging in trees!

its coming!!

Brie Hoffman (author) from Manhattan on August 10, 2010:

Many times quotes from older sources have words that are interchanged with more modern words.

Like I said before whether he did or didn't write it is of little concern for have your sources I have mine and there is no way of proving definitively that one is correct. The statement is true no matter what and your oppositional stance makes me think that you work for the very banks that I am opposed to!

Duncan on August 10, 2010:

The Jefferson wiki appears to be a peer-reviewed website dedicated to the study of his work. In what reads like a well-researched and footnoted article, it concludes that Jefferson never said or wrote the quote you attribute to him. The article can be found here:

If that's not enough for you, and I can't imagine that it would be, let's look at a scholarly article on the "Origin and History of the Word 'Inflation'" published by the Federal Reserve Bank of Cleveland in 1997:

I direct your attention to Footnote 8, which quotes the Oxford English Dictionary in stating that the first use of "inflation" in the economic sense was in 1838. Jefferson died twelve years earlier in 1826.

Just to be sure we're on the same rhetorical page, I'll be happy to connect the dots. Your bogus quote purports to have Jefferson using terms which, according to the Oxford English Dictionary, did not exist until twelve years after Jefferson was dead.

Are you now going to tell me that the Oxford English Dictionary is compiled by a bunch of libs and has no authority?

Brie Hoffman (author) from Manhattan on August 09, 2010:

I have heard that snopes is no authority and has an agenda as maybe it's YOU that shouldn't believe everything you read.

Duncan on August 09, 2010:

I don't ask you to take my word for it:

If the quote is "good" and "truthful on it's [sic] own mert," then I'd suggest putting the REAL author's name, or perhaps even your own, instead of hijacking the authority of Jefferson. Again, as to the banks, I offer no argument with you.

Brie Hoffman (author) from Manhattan on August 09, 2010:

How would you know if it was fabricated? Even if it was it's still a good quote and truthful on it's own merit. All you have to do is look at the 6:00 o'clock news to see that what was predicted is coming true!

Duncan on August 09, 2010:

If you do a little research into the Jefferson "quote" which begins the article, I think you'll find it is fabricated. The most convincing evidence of this is that "deflation" did not exist as an economic term until the early 20th century. I'm no friend of the banks, but the use of fraudulent rhetoric in attacking them undermines the cause.

Brie Hoffman (author) from Manhattan on July 16, 2010:

Absolutely...have you read some of my other hubs on this? I hope you become a fan, I like your comments! :) Start buying food and seeds things we are in for a bumpy ride.

scla from Southern California on July 16, 2010:

Thank you, Thank you, Thank You! for writing this article. This should really be spread everywhere possible. If more people only knew what is really going on with our banking system. I think the greatest point is just that we are literally running on fake money that doesn't exist.

Brie Hoffman (author) from Manhattan on June 23, 2010:

Thanks "HomeBuyerHelp"

HomeBuyerHelp on June 23, 2010:

A very good point. That is called "Business". This article is GREAT!

Brie Hoffman (author) from Manhattan on June 23, 2010:

Awww Virginia, it's all monopoly money!

Virginia on June 22, 2010:

Nope. I'm not buying it. if a mortgage began in 2007 when prices were high, and the bank financed a new homeowner to the tune of 200K for a house that is now worth only 150K, but since forclosures run cheap will likely deliver no more than 125K, then the banks lose money big time! The people foreclosing are often the ones who borrowed to much for houses with too little value. I'm a homeoner and if I pay off my house in 30 years as scheduled instead of earlier, then I end up paying more in interest than the initial purchase price of the home! Before I refinanced my mortgage was $75,000 but I would have eventually paid that plus an extra $90,000 in the end! Banks plan on being around in 30 years, and stand to gain a lot if people can pay their mortgages in the meantime!

Brie Hoffman (author) from Manhattan on June 15, 2010:

And where do you think the Fed gets it's money? Did you watch the videos below? If not, please watch them and get back to me.

Doug on June 15, 2010:

If that's true, then why don't banks hold on to your property after they foreclose? You never answered that question

Answer-it isn't true. Banks want your money, not your labor or land. Banks do not lend money out of thin air, since they are not allowed to print money. They borrow money from the fed at one interest rate, and lend it to you at a higher interest rate and return the difference as (a) returns to their depositers, (b) salary and bonuses to their executives, and (c) dividends to their shareholders.

The difference between this and lending money "out of thin air" is that regardless of whether or not you repay your loan, the bank is required to repay its loans from the fed. So if you default on your mortgage, the bank has to foreclose and recoup the money, or the money comes out of its profits and goes to repay the loan from the Fed.

Brie Hoffman (author) from Manhattan on June 15, 2010:

I don't think you understand the system at all Doug. The Banks hold all the cards. They lend money (out of thin air)...Do you understand what I am saying, the money they lend they MAKE UP. The people getting the loans are paying with real labor..that is what is real and the land and the houses are real...the money is a fiat currency. Yes, in the short term the banks will take your money but in the long term it is meaningless, what is real is the land and your labor.

Doug on June 15, 2010:

By the way, the real reason banks foreclose instead of modifying your loan is that you have already proven that you do not have the ability to repay your debts like a responsible adult. Why would they ever give you a better deal now AFTER you proved that than they gave you before? They are cutting their losses and getting out of the deal before the home depriciates in value even more, and before they lose anymore interest on money they could be lending to a responsible borrower who actually pays his debts.

Doug on June 15, 2010:

Yes Brie, you are wrong. If the banks wanted the houses why do they sell them once they foreclose? (hint, they want money, not houses.)

Anyone who thinks they've been victimized by liar loans needs to figure out who the liar in that loan is. It's not the bank, its YOU! If you obtained a stated income loan based on more than actual income you have committed fraud and probably grand theft to boot, and it doesn't matter if your broker conspired with you or the bank turned a blind eye. You committed a FELONY. Consider yourself lucky you're just losing your house and not going to prison. You're the reason the housing bubble happened and the reason we're in this mess now.

jim on June 14, 2010:

Bree you are wrong. The banks do not want the property. If they did they would simply rent them out. However they sell them at liquidation prices take there loss as a write off and move on to the next property. You seem nice, but you are not correct on this one.

Brie Hoffman (author) from Manhattan on June 10, 2010:

I especially think that these days ...that nothing should be taken for granted. It seems like everything is a lie (as you might surmise from my other hubs :)

Research Analyst on June 10, 2010:

This is a very interesting conversation and looks like one that needs to be explored more. I have always felt that people need to find out and be informed on what is going on around them, but instead people are just led to believe whatever they are told even if it is not in their best interest.

Thanks for causing people to think and acknowledge that they are being led astray.

Brie Hoffman (author) from Manhattan on May 28, 2010:

But they aren't doing that anymore are they!

Bamker One on May 28, 2010:

If a bank packages loans to sell to investors, then they do not own the loan anymore. So much for your theory of their then foreclosing on the loan.

Before you speak, know what you are speaking of...

Brie Hoffman (author) from Manhattan on May 22, 2010:

From what I understand if the Bank cannot provide proof of ownership they can't foreclose and a lot of banks can't find that...a congresswomen from Ohio suggested using this in the courts to slow the foreclosure process.

sickofbanks on May 22, 2010:


I want to buy my next house (condo) for cash! Something reasonable, I live below my means. I am doing a short sell on my house so I am saving my mortgage payment and paid off most of my bills. The Bank is allowing a short sale and agreed to the price. If I can't sell, then I will negotiate to modify the loan and extend towards the end. In the mean time, before if they decide to foreclose, I will rent my home for half what I paid for my mortgage and have them sign it for 4yrs. The banks have to honor the lease or try to payout the renter. They get to rent for half the cost of the original, the bank can't get them out. We need to spread the word so that if someone needs to sell or foreclose, they can slow the banks from taking over properties for a meaningful period of time. IF we save 10 homeowners who can spread the word. This would protect some.

Thanks for your post and God Bless us and our Nation!

One World Order!!! Here it comes and whether we like it or not!!!

Brie Hoffman (author) from Manhattan on May 22, 2010:

Have you seen the video Money as debt? Watch the video at the very bottom of this article:

sickofbanks on May 22, 2010:


Jaybazz is obvious liberal. Liberals only have 1 thing in mind is to destroy the freedom of America so that everyone will pay for their dirt.

Back to the subject at hand. Brie, I think you have hit this subject running! The banks and current Fed Govt. are all together in this. They aren't looking out for the American People but their own interests and if someone in their party isn't looking out for their interest, they just assume get them out of the way! The banks have been private and don't want us to know what they are up to. Goldman Sachs has so many govt hands that the President went on TV to "punish" them and yet, they gave millions to his election and he is going to "punish" them? Please, The house crap is just that! Selling derivatives (junk)? The banks don't care! Period! Live like no one else so that you will be able to live like no one else! Credit is crap; Cash is king!!!

Brie Hoffman (author) from Manhattan on May 22, 2010:

I disagree, those "crappy" properties are real assets, money is paper and will soon mean nothing. They know this and they control when it will become worth nothing.

Gargoyle on May 22, 2010:

All due respect this is not true. Banks don't want to actually have title pieces of property. Why? Because real property has to be maintained and paid for (taxes utilities etc). Banks would much prefer that you pay your loan off over the generally 30 yr term and rake in the money that way. I'm certainly not defending the lenders but the notion that they want title to all these mostly crappy properties in mostly crappy parts of town is poppycock.

Brie Hoffman (author) from Manhattan on April 29, 2010:

If they CAN or WILL sell the asset!

DDixon on April 29, 2010:

sorry --> house

DDixon on April 29, 2010:

WRONG. When they "sell" the loan/mortgage, they transfer the asset [the hiuse].

Brie Hoffman (author) from Manhattan on April 21, 2010:

And, not only that how do you know where the members of the Fed have their money invested? It is probably sunk in offshore banks.

Brie Hoffman (author) from Manhattan on April 21, 2010:

Wow, who are you, a shill for the Fed?

douglashanlon on April 21, 2010:

If you think the current system with a Private bank holding the cards when it comes to the economy you need to read the book "secrets of the temple".It's a history of banking and the federal rfeserve system.

Much like the imaginary ghost in the dark room of your youth when the light is shined on the federal reserve you will see the alternative(that which we had before it wa created) is much worse.I'm not saying that their shouldn't be some changes but as a whole it has created the most fluid and flexible economy to have graced it citizens over nearly 100 years.Most of the problems come from politicians sticking their noses and free spending ways into the mix.These are the same politicians that demonize the federal reserve the way a child demonizes the parent that prudently disaplines their child,or politician in this case.

The members of the federal reserve have their money invested in the same economy they help to regulate but are not elected and don't have to promise cake and icecream to the vast uneconomically educated masses.

Brie Hoffman (author) from Manhattan on March 22, 2010:

Aguasilver, You know I like short and to the point hubs personally. I figure if someone is interested they can look into it more. But, personally I don't like reading long hubs so that is one reason I keep my hubs relatively short. Maybe it's me and my short attention span :) Also, I think most people have no idea that this is how our money problems began (and continue) so I really just wanted to sound a warning so that people would become informed and aware of the truth.

I just googled "I want the world and 5%"..very good article, maybe I'll add it as a link.

Thanks for commenting.

John Harper from Malaga, Spain on March 22, 2010:

Google "I want the world and 5%" and you will see exactly what these 'bankers' are up to....

Good hub, but a mite short, there is much more out there to source from.... just an observation Brie, don't shoot me!


Brie Hoffman (author) from Manhattan on March 21, 2010:

Thanks for the info Dog on a Mission...I will look into it and btw I am an avid Ron Paul fan.

Dog On A Mission on March 21, 2010:

The debt based fiat monetary system that operates globally right now is indeed a Ponzi scheme. Just like social security!

However, the problem with the current system is not that private banks issue the money, its the legal tender laws that force people to accept paper as payment for goods.

Ellen Brown, Stephen Zarlenga and Paul Grignon have not diagnosed the problem correctly.

Ron Paul's proposal to legalize competing currencies makes more sense than allowing the treasury to print the toilet paper (fiat money) instead of the Fed.

Is Tim Geithner really much better than Ben Bernanke? They are both crooks!

I recommend Ron Paul's book "Gold, Peace & Prosperity" that explains US monetary history in clearer detail.

Brie Hoffman (author) from Manhattan on March 21, 2010:

Foreignpress, you apparently do not have enough information...take the red pill and dive in.

foreignpress from Denver on March 21, 2010:

Excuse me, but in the artwork at the top of the page, Greenspan looks kind of . . . demonic. He always seemed a nice enough gentleman to me. Aren't you being a bit harsh?

Brie Hoffman (author) from Manhattan on March 20, 2010:

I'm glad you thought so. I put this on here because I think that a lot of people are completely unaware of how the system works.

syras mamun on March 20, 2010:

Really eye opening information. Crooked bankers want to enslave everyone-the same ancient trick-seems like nothing has changed.Thanks for the video links.

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