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Strategies & Market Trends : Americans 4 "No Own - No Sell"
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To: Ga Bard who started this subject10/3/2001 4:57:13 AM
From: Ga Bard   of 455
 
I been wait patiently for someone to expose the pledge clause in the new account applications ... Now we can move on to this part of the complaint. Why do Americans give up their right to first refusal and not part of the borrowing process for interest, loan and rebate rates and fees of the loan to the short seller that fully intends to sell this property and thus affect the value of the property that is being used for collateral to the loan?

Whereas, 3. Loans With Security

If you're pledging property as security for a loan, you can start with one of the sample forms given in Section C2, above but the promissory note should also state that it's a secured loan and that additional documents have been prepared and are being signed to fully protect the lender. Commercial lenders will generally prepare these additional documents. When you're borrowing from a friend or family member, however, and pledging security for the loan, you and the lender will need to follow through on these details.

Our laws protect the rightful owner of the property. So why are we FORCED to sign agreements that without notification, our property can be loaned out as collateral for someone else who intends to sell it again our best interest and offers no protection for the property owner.

P2bAAAT & DSAS
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