Bank Foreclosure Fraud - FRAUD Element # 5 of 20 - Meritless Demand For Payment In Full

The last phase in the Worst Bank Foreclosure Fraud in U.S. History entailed TWENTY separate elements of FRAUD on mortgage loans that were:

• ALWAYS paid before the monthly due date
• NEVER delinquent
• NEVER in default
• And with regard to Mr. Young residence in Chapel Hill, NC, the subject mortgage loan was PAID-IN-FULL on the day he was violently evicted by a SWAT team of corrupt cops.

The 20 Elements of Fraud Were Perpetrated By . . .

. . . At the behest of . . .

. . . to cover-up the FRESCA crimes of MorganStanleyGate 

This entry covers . . .

FRAUD ELEMENT # 5

 which involved . . .

Making Meritless Accelerated 

Demands for Payment in Full

On March 12th and 18th of 2009, Poyner & Spruill declared the acceleration of four loans totalling $5,057,000, on behalf of Paragon Commercial Bank, demanding immediate payment in full for ALL of the loans. 

Loan Name & Loan #	Loan Balance [1]	Starting Date	Redevelopment Value
TPSoD Mtge. (Loan# 2147)	$3,905,000	Dec. 2004	$7,750,000
Line of Credit (Loan# 3714)	$100,000	Oct. 2007
MVC Mtge. (Loan 2346)	$261,000	Feb. 2005	$525,000
TCoCH Valet Lots Mtge.[2] (Loan# 3857)	$791,000	Jan. 2008	$11,760,000
Total	$5,057,000		$20,035,000
[1] Loan balances when Paragon Commercial Bank and Poyner & Spruill began their FRAUD
[2] This property was acquired in September 2005, with $2.6 million in mortgage financing provided by Wachovia Bank.  In the acquisition of the TCoCH Valet Lots, Paragon was provided a second lien mortgage against the office/ retail complex, and the value shown is for the entire property.

Since this was predicated entirely on Paragon’s FRAUD, such demands were meritless, and constituted a wrongful acceleration with malicious intent, thereby exposing Paragon to SIGNIFICANT LENDER LIABILITY, and exposed Poyner & Spruill to liability for significant damages for its complicit role.  On March 13, 2009, Mr. Young fired off a missive to Bob Hatley, CEO of Paragon putting them on notice they "will be responsible for significant damages realized from youir criminal fraud".

Demonstrating obvious malicious intent, they did this with the knowledge Mr. Young would be unable to meet this unwarranted call on the loans, especially under the circumstances, in that: (1) Mr. Young’s his financial affairs were compromised from extensive FRESCA [3] criminal activities; and (2) the then completely disjointed state of the credit markets were so severe, the likes of AIG, GMAC, Lehman Brothers and Wachovia were brought to their knees. Ergo, it was patently absurd to suggest the arranging of alternative replacement financing was the least bit feasible – in fact, it was an effectively impossible task at the time, and the Perpetrators KNEW it, thereby further underscoring what complete inhuman monsters they are [4].

Most importantly, had the Perpetrators not acted in an obviously CRIMINAL and FRAUDULENT manner, and had prudently serviced the Subject Loans as they had done each month for the past four years, the loans would continue their current status uneventfully, and this matter would never have transmogrified to its currently grave state.  On March 20, 2009, Mr. Young fired off another strongly worded epistle to Bob Hatley, further putting him on notice of the consequences of his misdeeds.

Importantly, Congress did NOT bail out Banks so they could defraud and persecute the taxpayers who bailed them out. Moreover, the corruption observed in this matter alone, suggests a threat to the integrity of the U.S. Justice System may exist. 

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[3] FRESCA is a acronym for criminal activities of Fraud, Racketeering, Extortion, Sabotage, Corruption and other unlawful Abuse-of-authority (including Assassinations).

[4] Note that the criminal investigations called for herein will reveal the Perpetrators are in-fact linked to the other FRESCA crimes in a MUCH LARGER and MORE SIGNIFICANT MATTER that crosses state lines.