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What happened to mortgage burning?

Discussion in 'Legal' started by clockwise44, Apr 29, 2008.

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  1. clockwise44

    clockwise44 Member

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    I paid off an auto loan with ford motor credit a while back and they sent me note “please accept this as proof your loan is paid”! I called them up and said “I did not accept the note they sent me! I want the promissory note I signed back!”, They put me through to the head Accountant who informed me that it was their property and that I would not get it back!
    I just paid off some land in Washington and again I have not received the original promissory note back!
    In November I will finally pay off my home mortgage and expect the same from them, Looks like I will be off to the lawyers soon because I KNOW I am entitled to get those notes back!
    This must be a popular scam… any advise would be appreciated.
    Thanks
     
  2. Treo

    Treo member

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    Clock wise welcome to THR.
    Generally the mods want gun related topics only. Chances are they will ask you to move this to APS.
    congrats on paying of the Mortgage
     
  3. simpleguy

    simpleguy Member

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    To take this a step further, most places are electronically storing things and your paper is most likely long gone.

    As for mortgage burning........I am willing to bet due to the current crisis......it will come back in style, at least symbollically.
     
  4. Winchester 73

    Winchester 73 member

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    Shoot them back a letter.
    Now we're gun related,treo.:)
     
  5. clockwise44

    clockwise44 Member

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    Treo

    You may be right. This is about preserving gun rights. But, what are you preserving your right to have guns for? The Supreme court has ruled that the foundation of freedom lies in personal property. After all, what good is freedom if you can’t own anything? The Supreme court has also ruled that it is not the responsibility of law enforcement to protect that property, it is our responsibility! We ultimately fight for our freedom to bear arms to protect our personal property, our freedom. If we become too focused on one of our rights and ignore the rest it will be at our own peril.
    If a lending institution refuses to return a promissory note, they are in fact refusing to grant you ownership. They are retaining the claim to your property that you granted them in exchange for the money they lent you. When you pay off your debt to them THEY MUST relinquish their claim. But they don’t. Now what? Load and lock?
     
  6. Noxx

    Noxx Member

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    You don't own anything. Try not paying the government "Rent" (property taxes) on land you "own", and see how that goes.

    I hope there's a lotta room in this handbasket.
     
  7. packnrat

    packnrat Member

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    i do not know about burning the mortagage...................



    .but people are burning the houses.:what:


    .
     
  8. Treo

    Treo member

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    If they are giving you a legal document that states that it is proof that you paid your debt in full, they have relinquished their claim to it.
     
  9. Art Eatman

    Art Eatman Administrator Staff Member

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    Yeah, APS topic. Not THR.
     
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