the data from the loans were used on spreadsheets for investors. As I believe you know, the loans were often pledged multiple times to numerous Trusts. Securitized mortgages are after all a Ponzi scheme. Don't you think that action alone would cloud the Title?
I too consider it unlikely that BOA owns your loan. As I understand, BOA is going to sell off much of their servicing so you could wind up with yet another mortgage servicing company who won’t own the loan either.
Does the Fannie Mae lookup tool show they own your loan? Often it is Fannie that really holds the paper while some mortgage servicing company steals the lien from our land records. It’s that intentional mix of both private and public land records that permit such thievery as well as introduce yet another opportunity for the banks to collect upon the loan.
http://www.fanniemae.com/loanlookup/On your Settlement Sheet, does any amount of money show for Yield Spread Premium? Do you have an Origination Fee greater than $2,000?
Have you checked your local land records in person or online to see what has been filed on your property? Are there ANY documents that have a MERS signature on them?
To me, MERS is like kudzu in our land records. As a homeowner you are wise to consider how to obtain a valid Deed. Making your mortgage payments alone won’t do it for you. That is what I’m hoping most homeowners will come to realize. It’s also important that home buyers realize they won’t get clear Title to a property with MERS in the Title history.
By the way, did you know that Countrywide executives are now positioned to profit at the back end of the scam?
http://www.businessinsider.com/ex-countrywide-execs-pennymac-files-for-an-ipo-2009-5This particular point though, in our Quiet Title actions, must be toxic for MERS and the servicing companies if so very few even wanted to set foot in court on the matter. The suits only had this one Count though, extremely simple. Now that there is a court fight on my suit, my suit has grown to 6 Counts. I think that is because my attorney sees an opportunity to accomplish in the first suit some of what she would have accomplished in the second large suit.
There were two small companies that did Answer the Complaints and they offered the very same nonsense that my attorney expected. Hey, thanks for playing guys. :hi:
This type of suit really isn’t that expensive and it only takes a few months. Because the first Quiet Title was kept so simple, it could be filed even if a homeowner was in foreclosure at the time. I should also mention that not only did nearly all companies fail to Answer this Complaint, but some also withdrew foreclosures they had filed, even before my attorney had an opportunity to have them Dismissed.
Nearly all of the reasonable money my attorney expects is only due after she wins the Deed and money damages for her clients. That tells me she is very confident in what she is doing.
In the neighboring state where my attorney is also licensed, a large firm has already invited her in to consult with them so they can begin doing the same type of work.
Would you believe that my servicer didn’t hire a top Philadelphia law firm to handle this case as my attorney expected, but are instead using their flunky foreclosure mill? I am certain it is written on the first page of the bankster Bible –
Ye Shall Always do Whatever is Cost Efficient. (It's my attorney who comes from a prominent Philadelphia law firm.)
My attorney wanted to get all her cases filed first before she gave me permission to share what we are doing. I was thinking when my suit was complete I would share with DU what happened. It might be worthwhile though to at least share what we’ve learned and what we expect to accomplish in an OP.
As you can understand, this issue is actually bigger than the robo-signer scandal so my attorney doesn’t expect much corporate media coverage; likely because of the severe damage it would do to the banks and MERS. When we have completed cases, it could be the people’s media that will have to carry the message.
It might delight you to know that my attorney expects this problem will eventually take down MERS. None of her clients minded.
The Discovery in my case is due in only a few days time. My attorney didn’t want to waste so much paper so she sent it to them on a CD-ROM. I suspect the clerks at that foreclosure mill are very busy and perplexed over why they can't seem to find some of the things on my attorneys list.
:rofl:
I haven’t yet read everything but I suspect the Subpoena was for an audit of my loan in the MERS database. As far as I know, it takes a Subpoena to obtain that particular information because they much prefer that information remain a secret.
Damn, it feels SO GOOD not to just moan and groan about the banksters but to actually fight them!
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- Relief should get here any minute. Yep, any minute......
