Imagine for a moment what the JDumbs would do if they got a letter worded the same way from their bank concerning the home they lived in.
No matter that you have the title to your home in your name, or that you have paid off your mortgage, the bank still owns your home, and it is up to you to keep sending in payments every month. Furthermore you must use your home and maintain it in the way we order you to do. You cannot repair or remodel your home without our permission.
I could go on but I am getting ill just thinking about this idiocy!