Real Estate Investments

[BUDDIEE18]

Banking on dummies coming in for a loan

From: Jack Harper ([e-mail])
Sent: Sun 1/03/10 9:04 PM
to:

To whom it may concern;


For illustrative purposes...
You walk into a bank and approach the counter with (2) $10.00 bills (notes).
You ask the young lady if she would kindly exchange these for a $20.00 bill (note).
You exchange your two pieces of paper (notes) for her one (note).
Did the bank give you a loan?

Same scenario...

You are seated across from the banker or bankers rep...
You sign a piece of paper (note) worth $13,000.00 and give it to him in exchange for a check (note) for $13,000.00
Did the bank give you a loan?

Not only that, the bank expects the dummy to not only pay the non-loan back but, pay compound interest on top of it.

There is only one way to lawfully verify this scenario...
Offer to pay the loan...and get their assurance you will get your note back.

For use with just about any type of financial obligation issued by a licensed financial institution mortgage, credit card, bank loan etc. (Does not work
if the loan is from a “private” source.)



From: ____________________
Date: ____________________
To: ____________________
Re: ___(Credit Card, bank loan, mortgage,
etc.)
Account Number:___________

To Whom it may concern:

I would like to make arrangements to settle the above referenced matter.
Please provide me with your statement of the amount owing as of ___(pick date 2 weeks out for example)___, together with your assurance that you will accept payment in direct and immediate exchange for the original instrument of indebtedness in its original form.

Thank you very much.

___________________________
by: authorized party

I'm suggesting here that if you do not get the note back then, the young lady at the counter took your two tens and then told you to buzz off....get the hell out of the bank.
And her boss did the same.



Regards,


JackieG


[JackieG is kissin' cousin of Canada's Prime Minister Stephen Harper]