Tuesday, February 5, 2013
Today a friend called to say that when his wife went down to their bank, Nashville Bank in Tenn. to renew the equity line of credit on their home she came home and told him to go up to the bank and sign the papers. His name has never been on the loan so he went to the bank to straighten everything out. When he got there and he was given the papers his wife had signed he found that on the bottom of every page in BOLD type it said that:
BY SIGNING THIS AGREEMENT YOU WAIVE YOUR RIGHT TO A JURY TRIAL IN REGARD TO ANY AND ALL EVENTS AND OR CLAIMS WHICH MAY ARISE FROM IT[/size]
[size=18]Fortunately my friend is far to savvy to have fallen for that. He threw a fit and demanded the bank explain what they thought they were trying to pull. The loan officer called the main branch and then said, well we could take that off of there....( DUH! )
DO NOT UNDER ANY CIRCUMSTANCES SIGN ANY DOCUMENT WITH EVEN SIMILAR LANGUAGE TO THAT ON IT. By signing that agreement they would have been waiving all their rights to due process under the law and our Constitution. If the smaller banks like Nashville Bank are attempting this kind of entrapment you can bet the BIG BANKS LED THE WAY!
If you have inadvertently signed such a document in the last three days get your butt back down to the bank and exercise your three day right to rescission!
This is unconscionable and cannot be tolerated. If the fraudster banks can get you to renew your loans and or mortgages with language like that in the documents they have carte blanche ability to STEAL EVERYTHING YOU HAVE and you have NO POWER TO STOP THEM AND NO RECOURSE AFTERWARD!
"A nation...cannot survive treason from within...the traitor ...wears the face of his victims,...and he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation—he works secretly...he infects the body politic so that it can no longer resist. A murderer is less to be feared......." Cicero, 42 B.C.E.
Posted by John MacHaffie at 4:41 PM