Category Archives: MERS

A criminal conspiracy from Day One.

Ever wonder why banks choose not to take advantage of federal mortgage loan modification programs?

Insider dealing at the expense of homeowners and taxpayers continues, and the financial incentives for most types of mortgage-related fraud will be unaffected by the recent $26 billion dollar federal/state foreclosure fraud settlement.
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Most New York Home Mortgages May be “Unforeclosable” under a 2011 Appellate Court Ruling

A recent New York Appellate Court ruling may mean that the majority of home mortgages in New York State are "unforeclosable," and that homeowners may keep their homes without making mortgage payments.
Also posted in 1. Foreclosure Defense, 3. Debt Collection Defense, Attorney Blog, Debt Collection Fraud, Foreclosure Fraud | Leave a comment

New York City Council, US Supreme Court May Determine the Legality of MERS

If the Supreme Court decides not to hear the Gomes v. Countrywide case, Mr. Gomes will lose his home to a foreclosing bank that has not proved it owns Mr. Gomes’ mortgage and promissory note. To make matters worse, Mr. Gomes may be sued again for the same debt if the real owner of his mortgage shows up later and demands the money owed.
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Complete 185-Page Deposition of Internationally Infamous Robo-Signer Beth Cottrell

Any MERS member bank is allowed to appoint any employee it wishes, regardless of inexperience or incompetence, to sign documents prepared by the bank, not as a bank employee but as a "Vice President" of MERS. During her deposition MERS "Vice President" Beth Cottrell admitted to executing 18 thousand documents per month without any personal knowledge of the contents of what she was signing.
Also posted in 1. Foreclosure Defense, Attorney Blog, Debt Collection Fraud, Foreclosure Fraud | Leave a comment

Bank Executives Flock to Washington to Force Lawmakers to “Legalize” MERS

Please write or email your Senator and Representative, as well as President Obama, and tell them that if they vote to "legalize" MERS, you will vote for their opponents in the next election.
Also posted in 1. Foreclosure Defense, Attorney Blog, Debt Collection Fraud, Foreclosure Fraud | Leave a comment

Defending Foreclosure Defense: You Know You’re Fighting Evil When The Wall Street Journal Demonizes You

Sincere apologies to the robo-signers, mortgage bundlers, MERS records bunglers, foreclosure mills, crooked foreclosure attorneys, politicians, investment bankers and mortgage bankers, thieves, liars, fraudsters and corrupt judges who had nothing to do with the foreclosure fraud crisis (and didn't see a thing).
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Why MERS Matters to Home Owners and Buyers

Mortgage Electronic Registration Systems (MERS) has emerged as the epicenter of the current mortgage foreclosure crisis, despite the financial and real estate industries’ clamor to keep it out of the conversation. MERS maintains the only records in existence of most sales of mortgages from one bank to another. All MERS records are stored electronically and […]
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JPMorgan Chase & Company abandons the fraudulent Mortgage Electronic Registration Systems (MERS)

The public is not permitted access to MERS records, despite the fact that MERS has the only records in existence of most transfers of ownership of mortgages and promissory notes from one investor to another. Without access to MERS records, it is impossible for home owners to verify which bank owns their mortgage and promissory note.
Also posted in 1. Foreclosure Defense, Attorney Blog, Foreclosure Fraud | Leave a comment

The nation’s largest banks admit submitting “faulty” documentation in foreclosure cases. Home owners behind on mortgage payments get a reprieve. Buyers of foreclosed homes get defrauded.

When foreclosures are done with faulty documentation, that could leave the new owners of the house vulnerable to claims that someone else actually owns the property they thought they bought.
Also posted in 1. Foreclosure Defense, Attorney Blog, Foreclosure Fraud | Leave a comment

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Also posted in 1. Foreclosure Defense, 2. Quiet Title Lawsuits, 3. Debt Collection Defense, Attorney Blog, Debt Collection Fraud, Debt Inversion, Foreclosure Fraud, Frequently Asked Questions | Leave a comment

Should any of the nation’s three “official” credit reporting agencies be allowed to own a company that intentionally causes millions of consumers to default on their debts?

Contesting Jobless Claims Becomes a Boom Industry – New York Times     http://www.nytimes.com/2010/04/04/us/04talx.html?hp According to the New York Times article, a company called Talx handles more than 30 percent of the nation’s requests for jobless benefits. Talx was acquired three years ago by Equifax, the credit-rating giant, for $1.4 billion. Equifax’s ownership of Talx creates a clear […]
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