One in every 5 mortgage borrowers in the United States is in some stage of foreclosure or is past due on their mortgage payment or is underwater.*
At the end of February 2009, some 8,300,000 loans were in some form of trouble. That's more than 8 million families in financial trouble. And more than 10,500,000 homeowners have or will shortly have a negative mortgage or be underwater in their homes (i.e., what they owe to the banks on their mortgages is greater than what their homes are worth.)**
From December 2007 through February 2009, Wall Street and their Banksters have received bailout after bailout from the Federal Reserve and the U.S. Treasury for their sub-prime mortgage, derivatives, and other related financial problems that they helped cause and create in the first place.
These Banksters got dirt cheap, short-term loans and other bailouts from the Fed and the U.S. Treasury, but these "free money" are backed by the full faith and credit of the U.S. taxpayers. The banksters' loans and bailouts total over $8.5 trillion.*** To see what this amount really looks like, that's $8,500,000,000,000 with 11 zeros!****
During this same period, how much did Middle America--including your family--get from the Fed or the U.S. Treasury in terms of bailouts or other financial help for the sub-prime mortgage or housing problems?
OK, the president recently signed into law a bailout package for home owners totaling $275 billion, of which only $75 billion is intended to help certain qualified borrowers. The rest of the $200 billion is for the use of Fannie Mae and Freddie Mac to generate new loans.
$75 billion to help American families compared to the Banksters' $8.5 trillion loot is not even a drop in the bucket! Not even 1 percent!
Isn't it time to level the inherently uneven playing field just a little?
In favor of Middle America? And your family?
You bet it is!
Now, you can do it legally! And stick it to the Banksters!*****
NO Foreclosures! may be the key to your family's financial future and a solution to stave off your family's home foreclosure.
Your family may even be one of the lucky ones who can legally stay at your current home without paying a single penny on your mortgage, and your banker or mortgage servicer cannot do a single thing to foreclose on you!
Find out if this is a possibility for your family and, if so, how to utilize this legal loophole as well as other guerilla principles to save your family from foreclosure and financial ruin.
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* A recent CapitalHillBlue.com article (March 4, 2009) titled "One in Five Homeowners in Trouble with Mortgages" stated that 20 percent of American homeowners with mortgages owed more than what their homes are worth at the end of 2008.
** Estimate for the end of 2009 is that some 15,000,000 homes will be underwater (with negative equity), according to a Portfolio.com article dated Mar. 17, 2008 titled "Sizing up the Coming Recession". See this Bloomberg article here for more information on current and forthcoming underwater mortgages.
*** Article: "America's Fiscal Collapse."
**** To visualize what even $1 trillion dollars looks like:
http://www.pagetutor.com:80/trillion/index.html
***** A book by the late financier and monopolist Frederick Clemson Howe called "Confessions of a Monopolist" explains in plain English what is going on and why these Banksters are getting bailed out to a tune of trillions of taxpayer dollars:
“These are the rules of big business. They have superseded the teachings of our parents and are reducible to a simple maxim: Get a monopoly; let Society work for you; and remember that the best of all business is politics, for a legislative grant, franchise, subsidy or tax exemption is worth more than a Kimberley or Comstock [these were fabulously rich diamond and silver mining lodes] since it does not require any labor, either mental or physical, for its exploitation. . . . Mr. [John D.] Rockefeller may think he made his hundreds of millions by economy, by saving on his gas bills, but he didn’t. He managed to let [the U.S. government and] the people of the globe to work for him.”