Bank of Ireland Mortgage Redeemed

i posted this a few months ago. some people were doing it at the time and well, you can read and watch what happened.

[YOUTUBE]aRoIeDHCjsA[/YOUTUBE]


Here is the letter from the bank redeeming the mortgage
http://api.ning.com/files/4Kq0lZcYw5hV3wkrnNV*NQ9G--oj2qqxlAr5ovtUWq1929LODT1tFB7CDx-za50nIBEzDDr76Yl4vLrjJQ9mattektKNVDf*/BankofIrelandMortgageCleared.png



"B(L)ANK OF IRELAND - THIS WAY OUT, asks the right questions and stands up to the financial terrorists who are throwing men, women, children and entire families onto the street in the name of profit. Nobody need leave their homes until they ask who they owe money to and why.

A copy of Darrell's book is available here: http://issuu.com/darrellstuff/docs/blank_of_ireland____this_way_out_

The Irish people own this country, not the banks.

we the people are sovereign"

Definition of the word redeem

from the guys at www.tnsradio.ning.com

 

Very interesting but I can't see it working. Can it ? Thanks for posting it though. Very interesting

 

its happening all over the states , google "forclosure gate".
banks are selling on the notes of houses without informing the customer. hence breaking the contract and also getting paid for the house twice!
if you ask for full disclosure and demand the bank produce the original note you signed, its most likely they have sold it on to the markets, hence breaking the contract. they wont have the deed to the house either, so who has the deed to the house?

if they have sold the orignial debt note, the debt has been paid off , you wont have to continue payment. the above has worked. the guy who did it spoke on the radio last night. his mortgage was redeemd, i.e. cancelled. 700k

 

Any idea if the same applies to an apartment?... considering even after full repayment you never technically own the apt

 

it applies to any debt note you signed with a bank. if they have sold it on and got back full repayment on it, the debt (which never existed anyway but thats another story ) on their books is cleared.

so with apartments you never actually own them when you pay for it?? who owns it? i never knew that. that cant be right can it?

 

You dont own the 4 walls, windows, doors etc.

 

I've read about this elsewhere, but from what everyone was saying it's not possible to do this in Ireland.

 

thats nuts. who owns them? who holds the deed?

 

Don't know. Its to stop you build and extension or pulling down a wall that keeps the whole block standing. Don't own my patio or parking space either

 

you can request the bank shows you the original signed contract and note that you signed. you can do this anywhere. youre entitled to see the contract you signed up to at any time. they will do everything not to show it to you cause its more than likely they dont have it anymore as they sold it on.

 

ok i see, would be interesting to find out who holds the deed though.

 

When you 'buy' an apt. it's actually on a very long lease which could be for hundreds of years with rent of only a few cents a year. This is a legality which means 'owners' will be bound by the rules and regulations of the management company.
It basically keeps everyone in line otherwise things could get messy as Bobby suggested.

 

I'm intrigued by this.What happens if they do have it? just keep making the repayments.

 

yes because the contract has not been dishonoured or manipulated by either party.

 

Very intresting subject.