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"Eviction,The fraud of the banks"

Normal Wisdom said:
The major piece of information missing from this story is how much the endowment policy actually delivered and what happened to it. It certainly wouldn't have been enough the repay the whole loan but it should have covered part of it. Yet in his latest video he explains that not only does he owe the whole £41,800 he borrowed but about another £1,500 on top.
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Assuming his account is reliable, it's possible that he borrowed more than he thinks he did - perhaps he got co-sold some sort of crappy mortgage insurance, though I don't believe that was common in the 80s. Alternatively (or additionally), the endowment policy was really bad, and its value has been more than made up in penalty fees and interest because he hasn't been paying. The amount he's complaining about might well include the costs of litigation by the bank against him, which could be substantial.
 
I got a response from someone who I believe is Mr Crawford's daughter on Youtube comments where I asked what happened to the proceeds of the endowment. The reply was "watch he main videos again, they say he never took out an endowment...so poof its magically gone missing!"

In the original video Mr Crawford says the mortgage was changed to what he calls a "part and part" mortgage i.e. part interest and part capital normally known as a repayment mortgage. His implication is that he started with an endowment and it was unilaterally changed by the bank at some unspecified stage. He then says that he thought the mortgage had been changed back to an endowment but in fact it had been changed to an interest only mortgage.

If the mortgage had been the repayment type from the start then he would have repaid some of the capital and I cannot see why the bank would have advised him that the mortgage would never be paid off. Equally I cannot see the bank extending an interest only loan without confirming that there was an endowment policy in place that would (or was supposed to) repay it at the end of the loan period.

To be honest I really don't know if Mr Crawford simply fails to comprehend anything about how mortgages work or what he has signed up to or whether he is being purposely "economical with the truth".

If he really is the victim of a mistake by the bank it ought to be fairly easy to resolve with a half competent solicitor. One thing is for sure, he is only going to get into further difficulty while being led by FOTL gurus.
 
I still cannot post links but there are a couple of new Youtube videos of a meeting held at Tom Crawford's local pub at which it was said he would explain the fraud that has been perpetrated on him and which led the attempt to evict him for failing to repay his mortgage. They are posted by SriLankaC and called "The MEETING Part 1" and "The MEETING Part 2".

Part 1 is pretty tedious and consists mainly of a professional activist getting his hooks into the meeting although it also contains the uncontested assertion that the murder of soldier Lee Rigby in London was a hoax.

Part 2 contains Tom's explanation of the fraud and contains a few unintentionally hilarious moments. His explanation starts at 01.00 and there is a bit at 31.00 where they suddenly ditch the whole legal woo around evictions and decide to oppose them on principle whether they are legal or not. At 17.30 it is also explained that the RMCS issued a worldwide instruction that anybody identifying themselves as FOTL, sovereign citizens etc were to be arrested and locked up in a mental institution!

Although Tom Crawford's contribution is rambling nonsense he does unwittingly expose that the "fraud" is really only based on FOTL woo and effectively it's fraud because "we know" they are all fraudulent.
 
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Okay, who or what is the "RMCS", and why do they think the RMCS can issue "worldwide instructions"?
 
Ah, well that makes even less sense - who the **** listens to us Canadians?
 
Well based on the evidence that all these FOTL nutters are still roaming free in Nottingham instead of being safely locked up in the nearest asylum, nobody.
 
Normal Wisdom said:
Part 2 contains Tom's explanation of the fraud and contains a few unintentionally hilarious moments. His explanation starts at 01.00 and there is a bit at 31.00 where they suddenly ditch the whole legal woo around evictions and decide to oppose them on principle whether they are legal or not. At 17.30 it is also explained that the RMCS issued a worldwide instruction that anybody identifying themselves as FOTL, sovereign citizens etc were to be arrested and locked up in a mental institution!
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That probably isn't that bad an idea. Unfortunately, the global reach of the RCMP is pretty limited.
 
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