It's even worse than this!

When the bank creates a mortgage.
The bank gets given a house, a promissory note & a promise to pay monthly payments.
And the bank created some money on its balance sheet, and gave it to the escrow (after they got the house and put it on the books)

And, in the mortgage, there is no mention of the house being the buyer's house.
In fact, some don't even give back ownership after the mortgage is paid off.

The other total scam is the "national debt".
Which, everyone in the banking industry knows cannot be paid back.

There isn't enough money in circulation to pay back all the debt.
And, from the losses in the printing system, now, there may not be enough dollars in the world to pay off the national debt.

Paying debt off destroys the currency that the bank created out of thin air.

We could pay off everything we could, and there would still be debt left, and no dollars left.