United States - 331 million people - exports $22,779 Canada - 2.1 million people - exports $46,771 Latvia - 1.9 million people - exports $19,504 Estonia - 1.3 million people - exports $22,282 Lithuania - 2.8 million people - exports $40,813 Bulgaria - 6.5 million people - exports $41,943 Mexico - 6.7 million people - exports $25,563 Greece - 10.4 million people - exports $46,451 Slovakia - 5.4 million people - exports $104,360
Man, like Churchill once famously said, there are lies, big lies, and then there's statistics! Just take a look at Slovakia—on paper, they look like they’re pulling numbers like Switzerland, right? But if you dig deeper, about 50% of that $104,360 is just massive car exports. I mean, seriously, how much of the profit from one single exported vehicle actually stays with the government? You’ve got to pay the workers, cover taxes, and then you have all those local companies just supplying tiny parts for the cars. The "big number" doesn't tell the whole story!
hollowmason64 said:Just because you find it interesting doesn't mean you can spout nonsense and claim something is a lie. What would you have us do? Just ignore the statute of limitations? Look, being in debt isn't a murder charge or a war crime.
Exactly. Given how old this debt is, plus inflation, the general instability of the country, and all those other factors, your best bet is to hand this over to a professional. Reach out to the bank, ask them exactly what they're claiming, and let them lay out the options. It’ll work out. The interest isn't going to cost you your house, regardless of how worried you were 😁 And the reason you're seeing so much conflicting info online is just because everyone feels entitled to jump in and share advice that makes sense to *them*.
Man, judging by the posts here, I guess you guys are the top-tier experts! LOL. I actually have a buddy from back in my school days who specialized in international finance law, and then there's another friend of mine right here in Pittsburgh who works for one of the best lawyers in town—straight-A guy since day one. But hey, at the end of the day, the situation is ☕
I mean, I honestly don't see the issue here. It’s not like they handed us millions on a silver platter, yet here we are paying them back in small change. If we end up having to settle up, they'll still be coming out ahead or at least taking a tiny hit. Honestly, even if I were born into money, I’d probably feel the exact same way about this!
Carl Wilson said:Yeah, but see, it’s an "and," not an "or." Like, it's all or nothing—every single one of those conditions has to be met. That’s why I was grilling you about that company you dug up. Is it actually the exact same outfit from back in the day? And if it isn't, are we talking about a legitimate legal successor? You really gotta dig into that and find out for sure...
So, the name on the paperwork is Bechtel; they're based out of the Midwest and their financials are pretty messy right now. When you buy out a turkey like this, you aren't just getting the assets—you're inheriting all the old debts and receivables too. Even though they could technically change the name, they haven't, so as far as anyone can tell, it's the same entity. Nobody's been coming after them for thirty years, so honestly, it feels like a total slam dunk to me. I'm still slightly tripping over whether I'll have to cough up the principal amount, but even if it ends up being a few thousand bucks, I can handle that. No biggie!
I was just sitting here looking over how everything got logged, two separate lists, one from 1986 (showing 8 million bucks) and another from '87 (just 1 million), which basically means all those old debts are being wiped clean. Man, my folks back home can be something else sometimes...🙄Look, I’m an American myself, but still...🙄
Steven Stewart3 As follows: Now that I’ve actually taken a moment to recall what "mortgage insurance amount" even means—it's been quite a while since I sat through those classes—I finally tracked down a definition: Pledge rights—well, they actually consist of two distinct stages— There’s a distinction between securing a claim and actually collecting it—two entirely different animals. The security phase kicks off the moment a lien is established and runs right up until the debt officially comes due. The debt collection stage only kicks in once a claim actually becomes due and goes unpaid—it doesn't just happen automatically.
And what does that look like in practice—are we talking actual penalties?
What does the entry in the land title registry actually say?
Assume there were two denominations in the interim—on January 1, 1990, we saw a new dollar against the old one at a 10,000:1 ratio, followed by May 30, 1994, when the local currency was swapped for the US dollar at 1,000:1.
By late 1991, the exchange rate for the newest dollar against the HRD was a flat 1:1.
Whatever happens to be recorded in the Land Title Act from the 80s—you really ought to share that. Ten million. To get the total amount in dollars.
But honestly, why am I even sweating the math if the Land Title Act says this: Here’s how it stands right now: Section 162. (1) An owner of a property burdened by a mortgage, as well as any joint owner or co-owner, can request that the local land registry court initiate proceedings to amortize and clear the mortgage debt: – if at least 30 years have passed since the mortgage debt was recorded, provided there are subsequent filings related to it – counting from the date of the very last one of those filings – if it’s impossible to locate the authorized parties listed in the records, or their legal successors, and – if during this entire period, neither the principal nor interest has been requested or received, nor has the right been exercised in any other way. (2) The provisions of this section do not apply to mortgages recorded before September 1st, 1980. Such mortgages shall be cleared automatically by the court or upon the request of a party.
I’m really crossing my fingers that there weren't any "subsequent filings" like they mentioned in paragraph 1. 😁, and the rest of these points seem to be totally on my side, especially – if it’s impossible to find the authorized parties or their legal successors.
Steven Stewart3 As follows: Now that I’ve actually taken a moment to recall what "mortgage insurance amount" even means—it's been quite a while since I sat through those classes—I finally tracked down a definition: Pledge rights—well, they actually consist of two distinct stages— There’s a distinction between securing a claim and actually collecting it—two entirely different animals. The security phase kicks off the moment a lien is established and runs right up until the debt officially comes due. The debt collection stage only kicks in once a claim actually becomes due and goes unpaid—it doesn't just happen automatically.
And what does that look like in practice—are we talking actual penalties?
What does the entry in the land title registry actually say?
Assume there were two denominations in the interim—on January 1, 1990, we saw a new dollar against the old one at a 10,000:1 ratio, followed by May 30, 1994, when the local currency was swapped for the US dollar at 1,000:1.
By late 1991, the exchange rate for the newest dollar against the HRD was a flat 1:1.
Whatever happens to be recorded in the Land Title Act from the 80s—you really ought to share that. Ten million. To get the total amount in dollars.
Sorry about that—I deleted my last post because it was honestly kind of a mess. I don't have the deed or any of those official files sitting right in front of me at the moment. Since I own quite a few properties, I started getting a little bit of panic set in! But looking at the situation now, I’m feeling way more optimistic that everything is going to turn out fine. I’m definitely going to hire an attorney to walk me through the next steps and make sure I'm covered. There seems to be a ton of conflicting advice floating around here on this topic, with everyone basically telling their own version of how things work. That said, if I remember correctly, it’s been about 30 years since that loan was even taken out. Thanks so much to everyone for all the helpful tips!
Carl Wilson said:Maybe just wait for one of the upcoming updates to the Real Estate Law and try to file for amortization?
Here’s how the law stands right now: Article 162. (1) An owner of property burdened by a mortgage—or even any co-owner or joint owner—can petition the county recorder's office to start proceedings to amortize and clear the mortgage debt: – if at least 30 years have passed since the mortgage was recorded, or if there are subsequent filings related to it, then from the date of the last such filing – if it’s impossible to track down the authorized parties or their legal successors, and – if during this entire period, neither the principal nor interest has been requested or received, and no other rights related to the debt were exercised. (2) This article doesn't apply to mortgages recorded before September 1, 1980. Those specific mortgages will be cleared automatically by the state or upon a party's request.
Up until recently, the cutoff date was December 25, 1958.
You gotta consider that the creditor didn't lift a finger to collect what they're owed (even though they had plenty of ways to do it), which pretty much proves they aren't actually interested in getting paid.
¸ If my place was built back in '84, there's no doubt in my mind that the mortgage was taken out sometime after 1980. Honestly, though, I don't really care about the timeline—my main concern is making sure they aren't throwing interest into the mix. That’s the part everyone seems to be dodging, but it's the only thing that actually matters to me! Man, let me tell you, I am absolutely done talking about interest rates! Seriously, if I hear one more person drone on about basis points or what the Fed might do next, I’m going to lose my mind. It feels like every single conversation lately eventually circles back to those numbers, and honestly? It’s just exhausting. I’d much rather talk about anything else—literally anything! Let's move on to something actually fun for once!Honestly, I’m thinking about just sitting tight and waiting until the new Land Title Act kicks in—maybe then my principal might actually get wiped off the books! If I remember correctly, that loan was taken out back in '81 or '82, so there's no rush, right? I figure I can just hang out and wait for that 30-year mark to pass. No harm in being patient!
Man, if you look into the San Diego Zoo, there are actually statute of limitations on interest, but I haven't quite tracked down the specific details I'm hunting for. But hey, no biggie—I’ve got connections... though looking at this thread, it seems like you can get help here... not! I bet they just want you to pay them a fee first.
As for the other thing, people who get their accounts frozen because banks or similar outfits kick off an attachment proceedingwithin the required timeframe are basically screwed, unless they hire a Lawyer or some high-end firm that actually knows what they're doing.
These guys over at General Electric are acting pretty clueless, honestly. I was browsing online and saw all this stuff about foreign companies buying up their debts, and now they're losing money on claims because of those wars in Zaire or Libya. It's a total mess.
Rachel Diaz8 said:Look, I get it—I’m just genuinely curious where all this misinformation is even coming from.
Look, if the San Diego Zoo legal docs say that claims regarding interest on receivables from a sales contract or whatever expire after a certain timeframe, they list a bunch of other scenarios too—but there’s absolutely nothing in there about what I’m asking about, which is those specific claims registered in the public records. So, why couldn't that be wiped out as well? I mean, seriously, interest amounts can't just keep growing forever!🙄
Carl Wilson said:Are you absolutely positive you guys didn't pay those back? I mean, honestly, there's probably like 99% of those old loans people carry around where the debt on their properties was settled ages ago, but folks just... they just never bother going down to the county recorder's office to file the paperwork to clear the title.
hollowmason64 said:Once enough time has passed for a debt to become stale, the creditor is basically only entitled to collect the principal amount. They can't come after you for interest, legal fees, or any other extra charges, so you really only owe whatever specific amount was originally recorded in the lien.
If you're looking to sell your property, the creditor can actually provide a letter of intent that outlines the exact amount they’re looking for. In those scenarios, the buyer pays that specified amount directly to them first to secure a release of the lien—essentially giving them a clear title—and then they pay the remaining balance to you. It's honestly not a big deal, nor is it complicated at all. A ton of people sell homes with existing mortgages using this exact method.
Besides, creditors are usually pretty willing to cut a deal. At the end of the day, getting cash in hand right now is much better than dragging things out through the court system or dealing with the whole circus of a forced sale.
But here’s the most important part for you: if that lien has been sitting there since back in '84, you're only on the hook for the amount listed in that original record.
This seems like the most logical route to me—just let part of it hit the statute of limitations if they aren't actively demanding payment.Does anyone happen to know the actual statute of limitations for interest on debts listed in public land records?I'm not even 100% sure if the loan was originally taken out in '84. I wouldn't even bother telling them I'm selling the place, since I'm not even selling it yet—better to keep it under wraps.🤦 Wait, hold on, does that last sentence mean any potential claims for interest have already expired? Please, please let someone know!
Which specific law actually governs how the statute of limitations works for interest on monetary claims recorded in public registries? There's got to be a rule for this; it can't just be some vague courtroom interpretation or something unwritten.
Honestly, it might be better to just hold onto the house. If that loan was taken out way back in '84, once you factor in all the interest, the debt could easily end up being worth more than the actual property itself. 1. Can you please tell me—is it actually possible for them to start forced collection proceedings? I’m asking because, honestly, that company from Canada barely even existed a little while ago, and then suddenly I look it up and they're apparently doing fantastic business.
I don't see why anyone would bother with a settlement when the situation is so black and white. I know exactly what it means to have a claim recorded in the public land registry. Maybe there's some shady business going on regarding the legal succession of the company.
2. Here's another thing: if, say, someone took out a $1,000 loan from General Electric back in 1984, how do they even calculate those interest rates now? It seems logical to me that the interest rate should be explicitly noted in the public record. 3. Everything is listed in dollars, so how do they determine what that debt was worth in terms of purchasing power back then? Like, if it says $80,000, how am I supposed to figure out what that amount actually represented in today's money?
It looks like I might lose my house over some trivial nonsense, and man, it's been 35 years! If $3.25 that were the case, we're talking about a massive amount of money. My mom has an apartment in her name, plus those vacation rentals by the coast... they could take all of it... oh my god.
Hey everyone! So, I’m a lawyer by trade, but honestly, I’m a bit out of my element here. I can read the statutes all day, but there’s a massive difference between what’s written in the books and how things actually play out in the real world. Here’s the deal: back in the 80s when my family was building our house, my dad was working over at the refinery in St. Louis. I think he managed to snag a loan from General Electric, which was doing business over in Canada back then. I was looking into it recently, and it looks like that company has really beefed up its operations in Canada lately. My brother—who definitely doesn't have a law degree—did some math on the debt listed on the title, and with interest, he thinks we're looking at roughly $7,500. Now I'm wondering, if I were to put the house on the market:
1. Is it even normal for buyers to want a house with a lien like this attached to it? I assume most buyers are smart enough to run things by their own attorney, so I'm curious about how people usually handle these kinds of encumbrances during a sale.
2. Does the interest actually apply to the specific amount listed on the property deed extract? And if it does, what's the best way to calculate the total?
3. If I need to file a petition to clear this lien from the property, I know it involves some kind of non-adversarial legal proceeding. What do you guys think the odds are of a successful outcome? Like, give it to me in percentages. If I hire a killer lawyer, can I get everything wiped from the records? Also, is there any chance for a settlement where I could, say, pay off half the amount, or am I stuck paying every single cent?
Man, let me tell you, stress is absolutely everything. It’s basically the root cause of almost every ailment adults face, not to mention how it accelerates aging. Honestly, some of the advice you're getting here is just straight-up tragicomic—all this talk about hormones and thyroid issues? I haven't even been following those posts much. If you look at the stats, someone who would have been considered a middle-aged man fifty years ago would probably be viewed as a healthy 45-year-old today. Modern medicine is really just focused on extending life vertically—you know, making it longer. That’s why you see people who look like Biden, or that prince who recently passed away; they look kind of unnatural (though, hey, I'm genuinely glad they got to live as long as they did). But there's a huge gap where medicine has totally overlooked the stuff younger people are actually struggling with, like neuropathy, lupus, anxiety, and all that. I honestly think this whole pandemic situation might finally force things to change. Here's my two cents: don't oversleep. When you sleep too much, your brain isn't getting optimal oxygenation, which is why you wake up feeling like a zombie. Get some exercise, watch what you eat, stop binge-watching TV all day... I mean, everyone knows the basics of a healthy lifestyle.
David Vaughn75 said:Evagrius Ponticus basically argued that knowing God isn't some emotional high. He claimed that visions, voices, and all those religious "feelings" are actually just distractions from true realization. When people mistake an emotional rush for actual spiritual truth, they end up totally losing the rhythm of their inner life.
What's your take on this?
If emotions are like a river—this wild current just tossing us around left and right without any say in the matter—does that mean we aren't even in control of ourselves? Maybe the whole point is supposed to be surrendering to God and relying solely on Him... but is that union with God meant to be quiet contemplation, a state of Nirvana, total nothingness, or just a massive explosion of feeling?
Oh, totally! That’s the deepest mystery right there—every single thought and emotion has to become absolutely numb. I remember reading where the wise Thomas Sankara suggested that even a simple glance can be worse than the biggest sin imaginable; honestly, it’s incredibly rare for anyone to truly grasp and accept that truth.
Let me give you a quick personal story: I once did about 6 or 7 hours of deep meditation. Man, I was wiped out, but at the exact same moment, I felt like my physical health—which, let's be real, hasn't been great lately—suddenly snapped back into perfect shape. So, after the session, I stood in front of the mirror, and because of that intense "heat" from the practice, I felt this sudden spark in my mind. It was like this little internal "Whoop! Yeah!" popped up (don't worry, it wasn't anything crazy, just those basic human desires like wanting a wife or kids... nothing out of the ordinary). But the second I let out that little "Woohoo!" inside my mind... boom. All that health and all the progress I’d made during the practice just drained straight out of me. I'm telling you: you can't achieve anything without total surrender, and being truly surrendered means you have to trek through layers of hell first to strip away the ego's desires.
Paul Rogers94 said:It’s all of the above, and honestly, there isn't much of a distinction in practice. You're usually diagnosed with acute psychosis first; nobody just walks in and gets handed a schizophrenia diagnosis right away. It takes a few episodes or however the clinical process works before they label it schizophrenia. No one starts out with a schizophrenia diagnosis—it's always acute psychosis. Let's not kid ourselves...
The idea that most spiritual seekers suffer from psychosis is nonsense. If anything, psychosis latches onto spirituality. Spirituality has nothing to do with psychosis, just like any other interest might. A psychotic individual can fixate on anything—spirituality is just one more thing they can get hung up on.
It's kind of like how a common cold turns into the flu. It's pretty much impossible for me to just suddenly "get" schizophrenia out of nowhere. Send me the proof immediately! 😁