Just when you think you have a modicum of decency from some
institutions, like say banks after the bullshit they pulled in 2008 -
you find there's an even uglier monster rising from the depths of their
greed...
Zombie Mortgages.
Per Google -
Zombie mortgages are old, dormant second
mortgages—often from the 2008 financial crisis—that homeowners thought
were forgiven but were actually sold to debt buyers. These
liens resurface years later, threatening foreclosure as home equity
rises. Borrowers often receive no statements for years, then face sudden
demands or eviction.
Doesn't
sound familiar to you even though they've been around for over twenty
years? Not surprising since they first came around, circa 2001 when
King George the Stupid was in the White house and the country was going
to shit, not to mention what happened in September...
Then it was simply investors who thought they could recoop more monies via the second mortgage business...
Enter 2008, when the housing market collapsed and so did everyone's
scheme to make money off the people who weren't paying. Did the banks,
who initiated this fraud on a massive level - get in trouble? Oh hell
no! Too big to fail became an even bigger too big to fail tax burden.
Bear
with me here... flashback to 2015 and I know the housing market is
going to crash again, even harder. How do I know? Don't know, just knew
that I did, but how, as they could never get away with it like they did
before? Then came the plandemic and mortgage forbearance, where they
gave 'stay home stay safe' morons no need to pay on their mortgages for a
while... and then people started taking out second mortgages to have
'fun' with the money. Well, cycle through the Brain Dead Dummy years and
here we are. People who declared bankruptcy on their bills, namely
their mortgages, assumed when their debts were gone, so was the second
mortgage...
Little
did they know that this little fugly monster was waiting in the wings
of ARC PE, investment management firm, started by a man named John Olsen
who worked at ARC Private Equity...
meaning, this company purchased all the 'forgiven' second mortgages
defaults for pennies on the dollar and decided, circa 2022, that they
were going to start going after the money...
WITH THREE TIMES THE INTEREST!!!
So
now all those people who assumed this was off their financial books,
are now getting slapped by debt collectors, that they owe huge sums of
money to this company that bought the 'forgiven' debt. Neato huh?
Big
question... why did Trump stop the watchdog agency that was supposed to
be curtailing this nonsense? (to be continued on that one.)
Don't think I can add any horseshit to this entropy? Wait, there's more!
If
the folks don't pay this astronomical malarkey by a certain time
they're literally thrown out on their ear and their house is sold from
under them. Not too suspiciously, it's usually a buyer out of the dark
who wants to purchase the house quickly. And I bet we both can guess who
that buyer is... can't we? Blackrock/Vanguard/State Street ring any
bells? I bet it does and not just for Quasimodo.
Just consider that a second... Fink, head of Blackrock, who is now the head of the WEF, (who's motto is You will own nothing and be happy), is secretly buying up the rest of the properties people didn't even realize were in jeopardy.
I
can't find any connection between Fink and Olsen, but I'm sure they
know one another very well and have strategically planned this out with a
godawful precision that will make anyone with a scintilla of mortgage
debt fearful. Just as they want...
When is the greed going to stop and how long before we're facing a crisis far worse than 2008 ever was?
You know what investment management means to the common man? Bend over and take it in the ass because no one of a higher ilk gives two shits about you!
When
personal credit card debt in America sits at almost 1.3 trillion
dollars - and 73% of that from people NEEDING to use them in order to
make ends meet...
How long before the WEF's plan comes to full fruition and 70% of the country is homeless and forced into slavery?
Is this really where we are? God help us all.
