AMERIKA: 18,600,000 Vacant Homes In The United States – Enough For Every Homeless Person To Have Six

[Note by John-Henry Hill: These mortgage loans were “bank credit” created out of NOTHING – “out of thin air”! By the applicant signing  the mortgage application, he created a promissory note equal to the value of the house loan. The bank then deposited this “promissory note” into its account and issued the applicant the mortgage “loan”, using that “promissory note” as collateral. Thus, the bank lent the applicant NOTHING!!!! It was merely an exchange of credit between the applicant and the bank. THAT is how banks work when they make “loans”. Banks are actually FORBIDDEN BY LAW from lending their own assets!!! Instead, they use their profits to pay employees, shareholders and to make investments on behalf of the bank and shareholders. Thus, through foreclosure the banks seized homes for which they lent out NO money, using breach of contract as the legal excuse;and seizure of the house is the penalty for that breach of contract – and NOT the failure to repay the mortgage loan, since the bank itself actually loaned the applicant NO money at all! That is how Commercial Law works!!!]

Along with poverty and low incomes, the foreclosure rate has created its own crisis situation as the number of families removed from their homes has skyrocketed:

The National Economic and Social Rights Initiative along with Amnesty International are asking the U.S. to step up its efforts to address the foreclosure crisis, including by giving serious consideration to the growing call for a foreclosure moratorium and other forms of relief for those at risk, and establishing a housing finance system that fulfills human rights obligations.

New government census reports have revealed disturbing information that details the cold, hard numbers of Americans who have been deeply affected by the state of our economy, and bank foreclosure practices:

In the last few days, the U.S. government census figures have revealed that 1 in 2 Americans have fallen into poverty or are struggling to live on low incomes. And we know that the financial hardships faced by our neighbors, colleagues, and others in our communities will be all the more acutely felt over the holiday season.

Along with poverty and low incomes, the foreclosure rate has created its own crisis situation as the number of families removed from their homes has skyrocketed.

Since 2007, banks have foreclosed around eight million homes.

It is estimated that another eight to ten million homes will be foreclosed before the financial crisis is over. This approach to resolving one part of the financial crisis means many, many families are living without adequate and secure housing. In addition, approximately 3.5 million people in the U.S. are homeless, many of them veterans. It is worth noting that, at the same time, there are 18.5 million vacant homes in the country.

The stark realities that persist mean that millions of families will be facing the holidays in temporary homes, or homes under threat, and far too many children will be wishing for an end to the uncertainty and distress their family is facing rather than an Xbox or Barbie doll.

Housing is a basic human need and a fundamental human right. Yet every day in the United States, banks are foreclosing on more than 10,000 mortgages and ordering evictions of individuals and families residing in foreclosed homes. The U.S. government’s steps to address the foreclosure crisis to date have been partial at best.

The depth and severity of the foreclosure crisis is a clear illustration of the urgent need for the U.S. government to put in place a system that respects, protects and fulfills human rights, including the right to housing. This includes implementing real protections to ensure that other actors, such as financial institutions, do not undermine or abuse human rights.

There is a link available at the Amnesty International website for anyone who is interested and would like to join the call on the Obama administration and Congress to urgently step up efforts to address the foreclosure crisis, including by seriously considering the growing call for a foreclosure moratorium and other forms of relief, and establishing a housing finance system that fulfills human rights obligations.

Source – crooksandliars.com

Views: 1377

Reply to This

Replies to This Discussion

And when you are 'registered citizen' the banksters will debit your trust account directly. Your NAME is the name of the trust account. The fraud lies in baksters 'giving' you a loan which has been already paid. There is no money of substance. All it is movement of electrons using promissory notes or funds in trust account.

US leftie Govt's seized housing, in massive transfer of wealth scam. The surplus house stocks are being sold in my city as investment portfolios. I've seen them myself, and know the man selling them. (5- 10 homes in each one costing up to 1 mill.) Tells me sourced by property finders, good for passive income, some Rented back to old owners. I said " More like inventory from bank foreclosure lists- no good investment if they hit the market all at once" He has not spoken to me since about it. 

Sounds like this article was written during the Obama administration. What is the current situation? I imagine with well over 100 million Americans "no longer in the work force", it hasn't gotten any better. When Bank of America refused to modify our loan, they foreclosed on us. They then proceeded to "sell" our home to people related to the foreclosing attorneys for 5 cents on the dollar. I.e., a $300k home for FIFTEEN grand! Is this a great country, or what?

RSS

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Sandy posted a video

Captain fantastic scene (Bill of rights)

Scene from the movie "Captain fantastic"Uploader does not claim ownership of any of the footage used in this video. All credit goes to the respective owners ...
6 hours ago
tjdavis posted photos
yesterday
tjdavis posted a video

The UK Has Just Reached It's Boiling Point - Ricky Gervais

Ricky Gervais - Frustration still there a year on.Nicholaswatt reports what he has been told by a parliamentary veteran, who warns: "'My constituents feel th...
yesterday
Doc Vega posted a blog post

Terrorized on a 3 Day Weekend

 We had a holiday weekend coming up. My ex, whom I was sharing custody with was off for her…See More
yesterday
Sandy posted videos
Thursday
Sandy replied to Sandy's discussion Sick sci-fi sex fantasy written by Epstein's first benefactor people say inspired his twisted island... before author's SON ended up arresting him
"Interesting. I always thought he was still alive. Probably given some plastic surgery and a witness…"
Thursday
WIllow is now a member of 12160 Social Network
Thursday
Burbia commented on Less Prone's video
Thumbnail

Sydney Sweeney Has Great Jeans - Outrage AI Parody Song

"Props to Schottenstein on his foray out of the woods that was DEI and wokeness. "
Thursday
Burbia replied to Sandy's discussion Sick sci-fi sex fantasy written by Epstein's first benefactor people say inspired his twisted island... before author's SON ended up arresting him
"One of the theories floating around was Hilary Clinton's brother Hugh, was the one…"
Thursday
Sandy posted a discussion
Thursday
Doc Vega posted blog posts
Wednesday
Less Prone favorited Sandy's video
Wednesday
Less Prone favorited tjdavis's video
Wednesday
Less Prone posted a video

Sydney Sweeney Has Great Jeans - Outrage AI Parody Song

AI Parody Music Video poking fun at the online hysteria surrounding Sydney Sweeney's American Eagle jeans campaign.✅ Blue jeans✅ Blonde panic✅ DEI gone wild✅...
Wednesday
tjdavis posted a video

How "Free" P*rn Sites Really Work (and Who Runs Them)

Excerpt from This Past Weekend w/ Theo Von #559 Laila MickelwaitFull Episode: https://youtu.be/9J7187j4PO4?si=2GUNymssKJpe6nEvFind Theo Von:Website: https://...
Wednesday
tjdavis posted a blog post
Wednesday
Doc Vega posted blog posts
Tuesday
Doc Vega commented on Ragnarok's video
Thumbnail

Charles Manson Talks About The Global Elite

"I've had my account with YouTube terminated before over bullshit excuses because they…"
Tuesday
Doc Vega commented on Ragnarok's video
Thumbnail

Charles Manson Talks About The Global Elite

"Remember, though he makes his points, this man used the Beatles White Album as his own manifesto of…"
Tuesday
Sandy posted videos
Monday

© 2025   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted