This article explains how to combat predatory lending practices by gathering all mortgage-related documents, filing an affidavit at the courthouse claiming non-consent to illegal contract terms, and effectively freezing mortgage actions. It highlights the illegality of such contracts, the impending collapse of traditional banking systems, and encourages borrowers to stop paying mortgages and take control of their financial situation.
Predatory lending is a serious issue affecting millions of mortgage holders worldwide. Many people find themselves struggling to keep up with mortgage payments, often facing harassment from lenders. This article provides a step-by-step guide on how to take action against predatory lending and protect yourself from illegal mortgage practices.
Predatory lending involves unfair, deceptive, or fraudulent practices by lenders during the loan origination process. These practices often trap borrowers in loans they cannot afford, with hidden fees and terms that are not clearly disclosed.
The first step in fighting predatory lending is to collect all documents related to your mortgage:
Make sure to have physical copies sent to your current address or local address for your records.
Go to your local courthouse and request a blank affidavit form from the court clerk. Take this form home to fill out carefully.
When completing the affidavit, include:
This affidavit essentially states that the contract you signed is fraudulent and that the lender’s actions are unlawful.
Return to the courthouse and file the affidavit along with copies of all mortgage documents and any harassment letters. Ask the court clerk how long it might take to get a court date; it could be two to three years.
Filing this affidavit effectively freezes any legal actions the bank might take against you regarding the mortgage. This means:
If many borrowers take this action, it could significantly impact banks, which are already under financial strain.
According to this approach, the mortgage contracts are illegal because:
Demanding that your mortgage be waived and paid off through common law is a way to assert your rights against these illegal practices.
The traditional banking system, including the SWIFT payment system, is reportedly on the verge of collapse. A new quantum financial system is expected to replace it soon. This transition may render many current mortgage and loan practices obsolete.
If you are struggling with mortgage payments, consider stopping payments and taking the offensive by:
Continuing to pay under predatory terms only benefits the lenders who are exploiting you and your family.
Alex West, the presenter of this information, shares that he has owned over 60 mortgages in Western Canada and has studied these banking practices for over 20 years. He successfully exited the mortgage system two decades ago and encourages others to take similar action.
Predatory lending is a widespread problem, but borrowers have tools to fight back. By documenting all communications, filing affidavits, and understanding the illegality of certain mortgage contracts, you can protect yourself and potentially freeze unfair mortgage actions. Stay informed, take action, and prepare for the changing financial landscape ahead.
Thank you for reading, and best of luck in your efforts to reclaim your financial freedom.
