Shane Pennel, finish paying the mortgage, you are entitled to your principal back and/or the original note when you fulfill your promise. An that is LEGAL.
:/ ....no really, sometime I think that these are agents trying to catch me in some fucked up shit or something :/
Shane Pennell
I am trying to understand why/when to lien the name, and what do I actually own to put in a trust.
You are right about selling a house or two. I could eliminate the mortgages and own something.
If I holdout until DOGE is valued at .01 cents, I could offer to pay with crypto...
In this case, I think you're ok. Who in his right mind would ask a stranger for legal advice on the Internet? Come to think about it, who would even consider giving legal advice under these circumstances? But if you had to do something that stupid, putting your response on Facebook would certainly be the way to go :)
"...no really, sometime I think that these are agents trying to catch me in some fucked up shit or something unsure emoticon"
Now I'm starting to understand Pete's past comment about being able to "smell" them (them being the agents)
Liening your name will DEFINITELY give you problems when it comes to getting a mortgage. Nobody has TRUE business relationships with the banks anymore.
Private financing is your only option then.
If your bank KNOWS you or you are dealing with their Private Banking then these are irrelevant. The fact that he had to ask, means he has NO business doing anything with his name.
Shane Pennel, a complete stranger whoever he/she is, wrote to my inbox this message yesterday. I just saw this today:
"Thanks Anibal. I am not trying to get out of my mortgage, I am just trying to understand the "lien your name" concept better.
What I was trying to understand is, if I liened the name, could I pick and choose who I inforced the lien with.
Would I be able to inforce the lien against public debts and NOT inforce it against a mortgage.
It sounds like liening the name would not be an option for me at this point..."
Yeah "Shane," you should quit asking for legal advice to strangers on the Internet, and you should stop trying to find ways to commit fraud. Just sayin'.
OK, let me dumb this down for you.
My LEGAL name is LIENED. This means the SECURED PARTY has FIRST RIGHT OF REFUSAL to ANY CLAIM MADE ON THAT NAME. The REASON a bank won't give you a loan/mortgage, is because YOU ARE UNDER NO LEGAL OBLIGATION TO PAY IT BACK. The SECURED PARTY is the ONLY one you legally "owe".
Would YOU "loan" money (By "loan" I mean CREATE DEBT AND OBLIGATION for which you are surety.) to someone who had NO legal obligation to pay it back?
So the banks will "loan" Scott money because he pays it back and yet know that he is under no legal obligation to do so. Is this the result of your repayment history BEFORE you liened the LEGAL name Scott?
Hmmmm. okay so the first time a bank loaned you money after your legal name was liened, why did they loan you the money Scott? How did the banks know that you WOULD pay it back when they knew that you had no LEGAL obligation to do so?