Joshua Gamen's Blog

Some Facts That You Never Knew and Might Not Believe…until you research it!

joshuagamen — Wed, 23 May 2012 23:34:36 +0000

I’ve been on to this stuff for about 4 years now. I know people who have done a 1099-OID(see bullet point #9 below) and gotten BIG checks from the US Treasury. One of them got a lien put on their house the day after the IRS sent them the check. So there’s definately some weird stuff going on behind the IRS and Federal Reserve, but we already knew that!

1. The Federal Reserve Bank is a private banking system created by foreign interests. Call any branch for verification.

2. The Federal Reserve Bank is the sole creditor of the United States and the entire national debt is owed to the Federal Reserve Bank. Write your congressman for verification.

3. There are twelve member banks in this system and according to their bylaws (articles of association) they each have the power to act as depositary and fiscal agent (tax collector) of the United States.

4. Federal Reserve Board regulations and Generally Accepted Accounting Principles prohibit member banks within the Federal Reserve System from lending money from their own assets or from other depositors. Federal Reserve member banks do not make loans.

5. Bank customers fund their own mortgage transactions by signing a note. The note is the creation of currency that never existed before being signed by the customer.

6. Because the banks have monopolized the market on negotiable instruments, only banks will accept your promissory note. You can’t buy groceries with a promissory note for example.

7. The practice of failing to disclose these facts in the mortgage agreement voids and nullifies the note because it violates 12 CFR 226.17(c)(1) of the Truth in Lending Law.

8. Unsecured debts assigned to debt collectors are not legally enforceable without the consent of the customer.

9. The banks must pay their customers back the entire value of each note and credit limit minus fees and interest.

10. These facts apply to both secured (e.g. mortgages, credit cards) and unsecured (e.g. credit card) accounts.

11. There are no disclosure or application requirements for a social security number. There are no penalties for refusing to disclose a social security number to anyone. 26 CFR 301.6109-1(c). This is a ruse perpetrated by the FDIC, Federal Reserve and insurance industry for the purpose of illegally monitoring American citizens.

12. The credit reporting system is the creation of the Federal Trade Commission. Its primary use is to collect and build information databases about Americans. It also provides an inexpensive means for banks to unfairly punish people and destroy reputations by subverting the legal requirements normally imposed upon them under the court system.

Distressed Arizona Homeowners May Qualify for the Short Sale Assistance Program (SSA)

joshuagamen — Wed, 23 May 2012 14:27:59 +0000

Underwater Homeowner Update

May 22, 2012

Distressed Arizona Homeowners May Qualify for the Short Sale Assistance Program (SSA)

If you are financially distressed and can no longer afford your home or investment property in Arizona and are pursuing a short sale, you may be eligible for financial help with your relocation to alternative housing!

The funds come from the Arizona Department of Housing’s Save Our Home AZ program, part of the Short Sale Assistance Program (SAA).

Arizona Housing is making this transition assistance available to low- to moderate-income homeowners who may be eligible. You must:

· Apply for the funds while actively engaged in a short sale before you complete the transaction.

· Maintain their property until their house is sold.

For those who qualify, these state funds may be in addition to any transition assistance you may receive as a result of participation in the Home Affordable Foreclosure Alternatives (HAFA) program or any other pre-offer short sale program!!(Bank of America just came out with a program last week where you can get up to $30,000 for completing a short sale!!)

To find out more about the Short Sale Assistance Program and how your homeowners may qualify, visit the program’s website at http://www.azhousing.gov/. You can also direct your clients to call MyPadAZ’s Arizona Foreclosure Hotline at 623.252.3234 and identify themselves as Bank of America customers seeking SSA.

If you have questions, first contact your short sale specialists at MyPadAZ or by sending an email here

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For urgent needs (such as a foreclosure postponement) or for escalation beyond your short sale team lead, contact MyPadAZ Short Sale Customer Care at 623.252.3234.

Visit the Bank of America Underwater Homeowner’s Resource Center at http://www.arizonarealestateshortsalesphoenixaz.com/bank-of-america-short-sales/ for educational guides, news and resources to help you complete a short sale with Bank of America.

Bank of America offering Underwater homeowners up to $30,000 to short sale

joshuagamen — Sat, 19 May 2012 16:50:41 +0000

Bank of America Increases Relocation Assistance Payments to Customers Completing Preapproved Price Short Sales

Short Sales Provide Alternative to Foreclosure for Delinquent Borrowers Who Have Exhausted or Declined Home Retention Solutions

SCOTTSDALE, Arizona. – Adding to its foreclosure prevention initiatives, Bank of America has launched a nationwide program that offers delinquent mortgage customers increased assistance with relocation expenses – between $2,500 and $30,000 – at the completion of a qualifying short sale.

“Bank of America is committed to providing alternatives to foreclosure whenever possible,” said Bob Hora, home transition services executive for Bank of America. “This program can help customers make a planned transition from ownership when home retention options have been exhausted or they have made a decision not to keep the home.”

The short sale relocation assistance program builds on the bank’s already robust short sale initiatives, which led to 200,000 completed short sales in the last two years and another 30,000 in the first quarter of 2012. This program is based on a similar incentive offer that Bank of America tested in Florida last year.

To qualify for the enhanced relocation assistance payments under the new program, the seller must work proactively with the bank to obtain a preapproved sales price prior to submitting a purchase offer to the bank. A short sale must be initiated by the end of this year and close by September 26, 2013, to be eligible for the payment. Qualifying short sales that have already been started but have not closed may be eligible for the relocation assistance.

The amount of assistance provided under the new program will be determined on a case-by-case basis using a calculation that includes the value of the home, amount owed and other considerations.

Initially, the program will be offered on mortgages that are owned and serviced by Bank of America.

While available nationally, Bank of America anticipates greatest response to the program will come from borrowers in California, Nevada, Arizona, Florida and other states hardest hit by the economic downturn and falling property values.

Customers who believe they may be eligible for Bank of America’s short sale relocation assistance program may contact program specialists at 623.252.3234.

To help homeowners understand the short sale process and other foreclosure avoidance programs, we encourage you to visit the Home Transition Services website at: Arizona Bank of America Short Sales for Money.

Bank of America Short Sale Relocation Assistance Program Offers Up To $30,000 For Underwater Homeowners

joshuagamen — Wed, 16 May 2012 04:47:17 +0000

Bank of America Short Sale Relocation Assistance Program.

You could receive $2,500 to $30,000 in relocation assistance!!!

Your financially distressed clients want to avoid foreclosure. You want to help them. So do we!

That’s why Bank of America is excited to announce that for a limited time, we are offering enhanced relocation assistance payments in which qualified homeowners who initiate a short sale without an offer could be eligible to receive $2,500 – $30,000* in relocation assistance and owe no more on their mortgage with the sale of their property.

Don’t miss this limited-time offer to get your distressed clients the help they need by initiating a preapproved price short sale today at agent.equator.com.

Determining your clients’ eligibility is easy:

The homeowner must participate in one of the preapproved price short sale programs, such as HAFA (Home Affordable Foreclosure Alternatives) or Bank of America’s proprietary program. Specific investor participation and eligibility criteria do apply to these programs.

Have an active preapproved price short sale? Don’t worry.

Bank of America is reviewing all current, in-process preapproved price short sale agreements to determine who is eligible for this limited-time offer. Eligible homeowners actively participating in a preapproved price short sale program (such as HAFA or Bank of America’s proprietary program) will receive a letter if they qualify for the additional relocation assistance. The relocation assistance will be paid at closing.

Frequently Asked Questions:

Q: How can I find out if my client qualifies for this limited time offer?

A: Call a Bank of America short sale specialist at 1.866.880.1232 Monday – Friday 8 a.m. – 10 p.m.; Saturday 9 a.m. – 5:30 p.m. Eastern.

Q: Do I have to do anything special when initiating or completing the short sale?

A: No. But act quickly by initiating the short sale at agent.equator.com. This is a limited-time offer that your clients won’t want to miss out on.

Q: If a short sale is initiated with an offer, will it qualify for this relocation assistance?

A: No. This relocation assistance is only available on preapproved price short sale programs. Short sales initiated at the time an offer is received do not qualify for the enhanced relocation assistance funds.

Q: Will the relocation assistance funds be reported on the HUD-1?

A: Yes, funds received at closing will be documented on the HUD-1, and a 1099-MISC will be issued.

Q: Can the relocation assistance funds be used to pay off existing liens?

A: Yes, the homeowner may use funds to pay off existing liens or to help with relocation expenses.

Q: Is the relocation assistance added to any other incentives, such as the HAFA or Bank of America proprietary program incentives?

A: The homeowner incentive will be inclusive of the $3,000 HAFA incentive. For example, if the homeowner is eligible for a $5,000 homeowner incentive, $3,000 will be from the HAFA incentive, and $2,000 will be from the homeowner incentive.

Q: Is the enhanced relocation assistance available for other programs?

A: Currently, the enhanced relocation assistance is only available to short sale programs initiated without an offer. However, as we gauge the success we may extend this incentive to other programs.

Phoenix Market Trends Report through March 2012

joshuagamen — Wed, 18 Apr 2012 01:19:19 +0000

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Following the trends of the past 2 years, March saw a significant increase in the number of sales that closed compared to the prior month in Phoenix. Last month saw an increase of 22.1% over February. That followed a 12.6% increase in the prior month. The number remains impressively high in light of the continued shrinking inventory.

For buyers and investors in Phoenix, this means that competition for homes continues to be very high. We are seeing more and more situation where there are double-digit offers on a single home.

This means inventory remaining on the market, and continued competition for value-priced properties. We MUST continue to carefully work TOGETHER to understand the market AND to understand how we can compete with the market demand and other buyers right now.

We have been watching a statistic very carefully here in Phoenix to determine if the increase in average sales prices was just a blip or a trend. From all indications, we can now see a trend, and that we hit the bottom of the market in August. Since then, we have seen a 20.8% increase in the average sales price. March saw an 8.97% increase over the month of February. This is the highest price we have seen in Phoenix since June of 2010! The average sales price increased from $172,603 to $188,088.

It is absolutely critical that we are aware of this shift in the Phoenix real estate market.

New Phoenix home sale listings were up 7%, which is generally normal for March. However, it was still the 4th lowest month in the past 36 for new listings to come on the market.

If you have any questions about real estate investing in Phoenix or Arizona, please send me a quick message.

Silver down as Dollar is propped up by Euro problems, but QE coming

joshuagamen — Thu, 05 Apr 2012 00:30:29 +0000

News from the BRIC nations this week. News from the Federal Reserve… QE…..Spain…When will the madness end? Dollar again propped up in short term by Euro problems, but fundamentals point to a coming implosion of silver and gold prices. Bernanke breaks bread this week with Wall Street Bankers.

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Arizona HB2549 – Internet Censorship Bill

joshuagamen — Tue, 03 Apr 2012 18:48:15 +0000

Arizona House Bill 2549 (HB2549), a sweeping Internet censorship bill that makes it illegal to be offensive (trolling) online. Rediculus!!

Ron Paul on Jay Leno

joshuagamen — Wed, 21 Mar 2012 08:22:05 +0000

I love his plan for delegates!

Greece Credit Ranking Downgrade Shoots Silver Up

joshuagamen — Wed, 29 Feb 2012 01:15:09 +0000

Last week Greece was bailed out and investors took over 50% losses on Greek bonds. This week their credit ranking is downgraded and silver skies!

So it just so happens i get tires right next door to a coin shop. I go in and shoot the shit with the owner while I wait on my tires. I’m there about 30 minutes. 5 people come in to buy silver, one person comes into sell silver, and one person comes in with some junk to check the silver content in some old household items(which with a milisecond glimpse the owner told them was plated and worth it’s good old utility value..) My point is that it is crazy how backwards the psychology of the market is on Main St. People go crazy and buy when prices go up and they get scared and sell when things get more affordable. Don’t do this!!

Click here for more videos from Joshua Gamen about gold and silver investing!

Greek Bailouts – Conspiracy Exposed

joshuagamen — Thu, 23 Feb 2012 23:05:56 +0000

by: Joshua Gamen

Former Prime Minister of Greece said in an interview that he thinks the media and journalists are being too hard on Greece, and that Greek bonds are actually healthier than they seem. He also said that investors should buy Greek bonds. All of this amidst a $170 billion bailout package to Greek, where investors are taking a 70% real loss on Greek bonds! Conspiracy of the rich at it’s finest… For more on the conspiracy of the rich from Joshua Gamen, click here!