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How Bitcoin Works

Bitcoins are a decentralized form of crypto currency. Meaning, they are not regulated by a financial institution or the government. As such, unlike a traditional bank account, you do not need a long list a paperwork such as an ID in order for you to establish what’s known as a bitcoin wallet. The bitcoin wallet is what you will use to access your bitcoins and to send bitcoins to other individuals.

How To Setup An Account

You can acquire a bitcoin wallet from a bitcoin broker such as Coinbase. When you open up a wallet through a certified broker, you are given a bitcoin address which is a series of numbers and letters, similarly to an account number for a bank account and a private key which is a series of numbers and letters as well, which serve as your password.

How Does Bitcoin Work As An Anonymous Payment Processor

You can do 3 things with bitcoins, you can make a purchase, send money anonymously to someone or utilize it as an investment. More and more merchants have been accepting bitcoins as a form of payment. By utilizing bitcoins instead of cash, you are essentially making that purchase anonymously. The same thing goes for sending money, based on the fact that you do not have to submit a mountain of payment in order for you to establish a bitcoin anonymously, essentially you can send money to someone else anonymously.

How Does Bitcoin Work As An Investment

The price of a bitcoin fluctuates from time to time. Just to put things in perspective, back in the beginning of 2013, the average price of a bitcoin was approximately $400 per bitcoin, but by the end of 2013, the price for bitcoin rose to over $1000. This meant that if you had 2 bitcoins worth $800 in the beginning of 2013 and you stored it as an investment by the end of 2013 those two bitcoins would have been worth over $2000 instead of $800. Many people store bitcoins due to the fact that the value of it fluctuates.

Bitcoin Casino and Poker Sites

Due to the anonymity of bitcoin the gambling industry has taken up bitcoin as a payment method. Both bitcoin casinos and bitcoin poker sites are coming to life and offering their players to make deposits, play with bitcoin at the tables and withdraw directly to their bitcoin wallet. This means that there’s no taxes or possibilities for government control. Much like a regular Nevada casino where do you don’t need to register anywhere and all your transactions are anonymous.

How Do You Send Bitcoin

In order for you to pay for goods and services or to send bitcoins to an individual, 3 things are needed. Your bitcoin address, your private key and the individual’s bitcoin address. From that point, through your bitcoin wallet, you will put 3 pieces of information, which are: input, balance and output. Input refers to your address, balance refers to the amount of bitcoins you are going to send and output is the recipient’s address.

Learn more about how it works and find bitcoin casinos and bitcoin poker sites at RealMobileCasinos.com. Here we explain further about how to use this currency and how everything works with the wallet and where to best get your own wallet. We also explain further on the use for online casino and also for other areas. This is a very exciting currency. With many possible areas of usage.

Comprehesive Mortgage Auditing

Comprehensive mortgage reporting is a very successful tool when auditing for mortgage fraud. As borrowers continue to educate themselves about the game lenders played during the surge in demand for new homes from 2001 to 2007 this kind of analysis not only delves into forensic detail of a mortgage loans origination, but also the issue of profit generated by the securitizing parties and even the length of time the full amount was recovered in relation to amortization of the original lien.

Case after case is a blatant example of fraud covered with fraud dipped in more fraud and rolled in lies. At some point we all must stop piling on mountains of evidence and make sure this evidence is being heard by state and federal court judges in every type of judicial and non-judicial foreclosure state. As an auditor we rely on attorneys to make sure the evidence is presented and used in a way that gets results for betrayed homeowners and wronged investors.

In brief, the lender lent the borrower an amount that was beyond his capacity to repay and sold the loan to a securitization trust thereby recovering the amount it lent to the borrower within just three months of granting. For its part, the trust utilized the MERS System® to cut short the documentation process and skip recording fees, earned tax-exempt income from securitizing this loan, and even if it failed to properly comply with the transfer requirements it is now initiating foreclosure. MERS in turn engaged the services of robo-signers to partially comply with the requirements.

Believe it or not most Americans are convinced checking your mortgage for fraud is malarkey. They think it is some scam where by people try and get their homes for free. Let me be clear, I don’t dedicate my time and sanity to helping anyone who borrowed money to buy a house have the delusion that they don’t need to pay it back. What I do, is make sure what they pay back is what they owe and the entities that are parties in that real estate transaction operated lawfully. A very simple concept yet very controversial.

The motto of any examiner/auditor should always be to have no personal interest in the outcome of an examination and perform their task with the highest degree of professional integrity. All decisions must be exercised with due care and diligence and their conclusions based on the documents presented coupled with information gathered from the most reliable sources that are available. I’ll take that mission everyday.

Working exclusively as a business-to-business service provider, Mortgage Audits Online is able to devote ourselves to providing expert research enabling our clients to achieve results. Whether you are seeking negotiation tools, litigation support or fraud investigation our staff can help. The Mortgage Audits Online team has over 25 years of experience in private banking, accounting, underwriting, securitization auditing, title services and real estate.

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