I Paid off my Mortgage so Where is my Title?
In the mid-2000s, the Anonymous Patriots saw the Ponzi scheme on Wall Street and cashed in. We decided to use our proceeds to pay down our commercial buildings and residence. It was just simple math. Why pay the bank an interest rate higher than the overall return made in our portfolio? We would just invest in ourselves and keep the money. First the house was paid down and then the commercial properties, one by one. Over the last few years, we have become free of the banks and keep the money that we once paid the banks to service our debt. We also diversified our cash holdings into local banks and credit unions. (We are not financial advisors so by law we cannot and will not give you financial advice. Do your own homework. Do what seems right for your household.)
Why this is of particular interest in this article is that as the properties were paid off, we would ask the bank for our property titles. We kept being told that “we don’t issue property titles anymore” or “the proof of your ownership is now established with your local property tax authorities.” But this was odd since we have auto titles in our possession. Friends with boats and mobile homes have paper titles.
So what happened to property titles? We paid off our home and buildings—but do we really own them when we don’t have a paper legal title? What did the banks do with the original title and why don’t they return them to us now that the property is paid-in-full? Do you have the title to your residence or have you ever seen it? If you closed on a home since 2008 have you seen any paper titles at closing? Why aren’t title companies and banks concerned about paper titles anymore?
What we found out will shock you.
But before we get there, we want to show you one more thing about the new $100 bill that gave us a clue of what happened to residential and/or commercial property titles.
Strange Image on the New One-Hundred-Dollar Bills
Many people have discovered the image of the twin towers collapsing on their 5, 10, 20, 50, and (old) 100 dollar bills. If you haven’t seen how these images are made by folding the bills, check out this video. There are several on the internet, but this one shows the images in all of the bills in a way that you can visualize the succession of the falling of the World Trade Center: Twin Towers Falling on Currency Bills. These images were designed on the bills long before 9-11-2001.
We were curious what would image would show if we folded a new $100 bill in the same manner. This is what we found, taken from the 2009 series of the new bill, which predates the event that we will describe below, but seems to be a prophetic warning nonetheless:
We see what seems to be a rush of water down a street, from an open source of water, into an urban area. This is what we began to search on the internet. Had there been any floods in urban areas that might have currency consequences?