This law would allow the banks to just make up documents and use them to take your house, even if they couldn't actually find the title to your house (because they'd sold your mortgage, say, or because you don't have a mortgage).
Editor Note: For over 6 years I have waited for the MERS "Ponzi Scheme" to come to the knowledge of the general public. But now as the greatest fraud of all time is starting to come to light, the congress decides to enshrine it in law...
“We have no commodity reserves, no grain reserves; no back up supplies to feed the US as this global food shortage grows and food prices skyrocket. Yet this bill, marketed as “food safety”, promoted by hyping food borne illnesses that resulted from
What this means is that the government will throw contract law out the window under the guise of punishing the banks. Instead they will screw the average homeowner facing foreclosure, for the benefit of the banks.
They really are going to try to override the Presidential Veto tomorrow (11/17/2010) This will be a death blow to the Rule Of Law in this republic, as well as the end of over 200 years of real estate law at the state level.
The 50 state attorneys general are in negotiations over an agreement over foreclosures...
If in fact basically none of these notes have been properly conveyed into the trusts, and as such the trusts are a legal nullity, then investors have spent billions of dollars as unknowing participants in a massive fraudulent scheme.
Widespread problems in how U.S. lenders documented foreclosures could spark a wave of legal challenges resulting in massive losses to banks and serious new troubles for the housing market, a federal watchdog warned on Tuesday.
The following flow chart reverse engineers the mortgage on the Ekstrom family residence. It took Dan over one year to take it this far and it clearly demonstrates what happens when there are too many lawyers being manufactured.
Nine people, including three Prince George's County police officers, were arrested Monday on charges involving drugs, guns, and black-market alcohol and cigarettes as authorities ratcheted up a sprawling corruption probe in the county.
This is the second in a series of video cartoons on Ben Bernanke and the greatest robbery in US history. Enjoy.
Sheriff Dart and his deputies pulled an unscientific sample of 400 foreclosure cases processed by the courts. He said they found that only 20 of them had the proper paperwork and that the others were missing “very significant” documents.
We get the judges' side, which is rather hilarious: "there is no evidence, nothing has been presented to us in the 4th circuit, that there is any fraud being perpetrated upon the court.
In every case involving a trust, the original mortgage assignment to the trust was missing. Wells Fargo used Assignments prepared years later – most often within a few months of the foreclosure – and often prepared AFTER the foreclosure was filed.
Dozens of structures across the country either were poorly constructed or never completed. Tens of thousands of Afghan soldiers who were supposed to be living in garrisons by now are still housed in tents.
McClatchy found nearly $4.5 billion in contracts that were awarded to companies even though they violated laws or had high-profile disputes over previous projects. Such legal or financial troubles could indicate that a company isn't prepared to finis
In this interview Janet has some very blunt words for Bank of America and Jamie Dimond of JP Morgan Chase.
This is one hell of a mod. I wonder if this was cooked up as this loan has a Doc problem behind it. The mod would eliminate all the paperwork issues. I also wonder how this new loan will be accounted for.
Johnson ordered his wife to find and destroy a $100,000 check from a real estate developer that was hidden in a box of liquor. "Do you want me to put it down the toilet?" .... what about the cash? she asked - $79,600. Put it in your underwear,
S..510 calls for the Secretary of Agriculture, Tom Vilsack, to contact the governors of each state to determine which agencies within the state will contract on behalf of the state to administer the USDA/FDA federal plans for seizing control of food
Foreclosures and our Banana Republic system of "law". There are two sets of laws (and two sets of books) in status quo America: one set of laws for "too big to fail" banks and Wall Street, and one for the rest of us peons.
Got that? Damn the rule of law. Damn the sanctity of a contract. Congress is getting ready to tell the courts, "Just accept any toilet paper MERS throws at you, and then throw the bums out of their house.
A note to readers: Just today, friends in Newnan Georgia reported that as they did their monthly buying of food, a routine they have had for more than twenty years, they were stopped at the check out and told that they had exceeded the allowed amoun
“Had this bill been about food safety, it would have contained provisions to expand and support family farms and ranches; it would have encouraged the entry into, and support of next generation farmers and ranchers. Instead of shoving Agenda 21 manda
Their stated mission isn’t to decide right and wrong, but to clear cases and blast human beings out of their homes with ultimate velocity. They certainly have no incentive to penetrate the profound criminal mysteries of the great American...
How bad could this be? It could be very bad. It could be in aggregate hundreds of billions of dollars of notes that are - surprise-surprise - really owned by Bank of America (cum-Countrywide) and the losses thereupon could land on them...
There's a cynical argument to be made that the entire purpose of TARP and all the other BS pulled by both Obama and Bush was to run the statute of limitations - that is, intentionally delay recognition of the harm until you can't sue to recover any..
For the second time this year, federal inspectors have dismissed allegations by Food and Drug Administration scientists who say they were pressured and harassed by their managers into approving medical devices against their judgment. The office of
“These are the sort of psychotic individuals that have been entrusted to protect and nurture the symbol of our American heritage yet they are illegally ripping them from our public lands against the will of the people of the United States. This is t
So if what we are increasingly led to believe it true turns out to be correct, that borrower notes never were conveyed to the trust, and were also not endorsed over to the trust (through the proper chain of conveyance specified in a PSA)...