No debt is your presumed debt until your car application or mortgage debt lien Contract property is registered with the State thru the County recorder office, then it becomes a security, money, a Bank Liability, and your presumed debt. After your mortgage contract is recorded as a security and money, the bank or alleged lender

Again, the Bank or Finance companies are investment companies that borrow the money from an investor trust set up by usually larger banks or government. Entity corporations such as Fannie Mae, Freddie Mac, Hud, Ginny Mae, or other private investor trusts or banks; therefore, the presumed bank or finance lenders are the actual debtors and