Full Deposition of Jeffrey Stephan – GMAC’s Assignment / Affidavit Slave – 10,000 Documents a Month

These depositions would be comical if it weren’t for the fact that people are losing their homes…

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Q. And in executing affidavits as a vice  president, do you receive any compensation from MERS?

A. No.

Q. Have you had any training from MERS?

A. No.

Q. Okay. How many documents would you say you sign on an average week as far as executing affidavits and things of that nature?

A. It’s very tough to estimate that to be honest with you.

Q. In a given month, would that be easier to say

A. I would say —

Q. — one hundred, 500?

A. — in a month, my team brings to me approximately, I’d say a round number of 10,000. That’s  just an estimate, of course.

Q. Okay. And, again, you are not paid by MERS. Do you hold any other responsibilities with MERS that would be consistent with having the title of a vice president?

A. No.

Q. No. Okay. So you don’t attend any board meetings for MERS?

A. No.

Q. You don’t report to the secretary of MERS or any other people at MERS?

A. No.

Q. How did you become a MERS representative? Did you request to be a vice president of MERS?

A. I received the responsibility as being the team lead for document executing. It was assigned to me by our legal area.

Q. Okay. All right. So your responsibilities as a vice president of MERS to execute the assignments is really your job perspective, or an aspect of your job at GMAC Mortgage, LLC or GMAC, LLC?

A. That is correct.

Q. Okay. And you’ve never been to any MERS offices or their headquarters?

A. No.

Q. Are you aware of why you were given the title of vice president versus assistant secretary or…

A. No, I’m not aware of that.

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Jeffrey Stephan: http://tinyurl.com/yz6jgsj

Comments
12 Responses to “Full Deposition of Jeffrey Stephan – GMAC’s Assignment / Affidavit Slave – 10,000 Documents a Month”
  1. Readdocs says:

    Since MERS has no employees, how does an entity that is not a real person assign anything?
    How does such an entity declare itself to hold anything physical as it is nothing but a server
    farm with racks of servers that are not human?
    It should be challenged in court that as MERS is an inanimate object it can’t do anything human.

  2. Ron Houchins says:

    Carol,

    This is exciting news. I have pro se litigants I am assisting in FL, GA, SC and other states, where the foreclosing plaintiff, usually Deutsche Bank Trust, etc. has used an assignment signed by Jeffrey Stephan from MERS, and recorded after the foreclosure was filed. The Master In Equity who handles these cases in SC, refuses to grant our motions to dismiss for lack of standing. I am hoping that we can use this deposition of Mr. Stephan to show that these assignments are fraudulent and get the foreclosures dismissed, since MERS acquires no interest in the notes and mortgages, they can’t assign any valid rights to the note and mortgage to Deutsche Bank Trust, especially if the assignments are fraudulent. Do we have your permission to download the complete affidavit and use it in our cases? Also, I am very interested in getting a copy of your class action suit against Deutsche Bank. Thanks for all of your hard work. Many people are very appreciative of your efforts on behalf of homeowners.

    • Download and use as aggressively as possible against these fraudsters. That is why it was published. You may also want to check out Erica Johnson Seck’s Depo, Cheryl Samons’ Depo, and Angela Nolan’s Depo hosted on this site.

      The class action is linked here Schneider, Kenneth, et al. vs. Lender Processing Services, Inc., et al

      • Stanley Putra says:

        Sir
        Do you have anything for China Brown as far as depositions. I have her sworn affidavits but the judge wouldn’t take them because I told him I researched her on the internet. He made it sound like I was downloading coupons. I told him that certain lawfirms were trying to make a fool of him.
        He refused to look into it. I had a good argument in court. It was so unusual he pushed me aside. The hearing was Aug 1, 2011. The 18th he drove to a park in a remote area and was shot in the head with a gun. The police have thusfar ruled it a suicide. I am not so sure. Everyone said he seemed to have no worries. The police need to look at his computer history since August 1. Look at his rulings since Aug. 1, 2011. Maybe I should turn over the evidence I have to the police and let them exhaust any possibility of foul play.
        Stan
        Racine WI

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  1. […] Full Deposition of Jeffrey Stephan – GMAC’s Assignment / Affidavit Slave – 10,000 Documents a… […]

  2. […] Dismiss all of the cases where a Mortgage Assignment was signed by Jeffrey Stephan of GMAC (notarized in Montgomery County, PA). Stephan has already admitted in sworn testimony that […]



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