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Thread: David, could you satiate my curiosity what happened to the bond company in your case?

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    Senior Member Michael Joseph's Avatar
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    A couple of days back the governor for the State of North Carolina issued an executive order basically stating that it is a landlords duty to notice a tenant of this new EO 171 which relates that if the tenant cannot pay the rent due to effects caused by Covid-19, then the landlord cannot evict said tenant for lack of performance on the rent.

    You can read said EO here - CLICK HERE

    Now consider the ramifications of such an EO and the constitution. Remember that the State cannot pass a law which interferes with the obligations of an existing contract. So what of the contract between the landlord and the bank? Will or can the bank foreclose if the landlord can't perform on the mortgage? Begging the question "Has the constitution been suspended due to emergency circumstances?"

    If the answer is no to the foregoing question, then does the bank become the new landlord upon foreclosure? And will the current lease overreach a foreclosing of all the equities in the property? The governor who of course has politicized this Covid-19 foisted as much fear as politically possible stating that the "rural" people who are "generally white" should not assemble in groups such as "church, etc." Anybody with even half a brain can see thru this mask-erade as it is clearly an attempt to persuade those who would vote for Trump to not vote at all due to the possibility that they "might" get sick. In the name of "goodwill", it appears said governor is buying voters with taxpayer dollars. How much chaos is needed to usher in their beloved Socialistic State under one religion?

    Honestly, I can't even believe how ridiculous this Covid business has gotten. Said governor even went so far as to say not wearing a mask is unpatriotic. Groaning inside. So stupidity has taken over. Because clearly common sense has been thrown in the street and is being trampled by those who would manipulate a people who refuse to use their own minds. But what is new under the sun?

    I'm reminded of Jim Morrison (Lyrics to THE END) - The Doors

    "Can you picture what will be
    So limitless and free
    Desperately in need of
    some strangers hand
    In a desperate land....

    Lost in a Roman wilderness of pain
    And all the children are insane
    All the children are insane
    Waiting for the summer rain, yeah....

    The killer awoke before dawn
    He put his boots on
    He took a face from the ancient gallery
    And he walked on down the hall"

    ===============

    The bond used to be Fidelity. In consent, a bond can be an insurance policy to insure the bottom of the ship. But companies go bankrupt all the time and continue to work in restructure. So the question begging to be asked is: "If a company has filed for bankruptcy, then how do I use the courts to collect a debt that is noticed on UCC1?" Or better asked "How do I get a judgment against the actors in and for said company in their individual capacities such that said judgment can be filed on the County against their legal names?"

    Clearly a $5000 bond used to understand the office of District Attorney is fungible but if it is exceeded in judgment, then how to collect individually? Can a man shirk liability of his actions? I would say no, but then again I am continually amazed at the nonsense portrayed these days by the actors wearing badges and feminine black dresses.
    Last edited by Michael Joseph; 10-30-20 at 01:41 PM.
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