Revenge of the Debtors – Who can Legally Enforce a Mortgage After a “Landmark” Case

Random Repost. Blast from the Past. Going to start off each day with a random repost from the archives…

“These cases encourage debtors and other parties to defensively use the mortgage securitization servicing system to prohibit servicers and other non-lending parties from enforcing rights under a mortgage. This trend, if it continues, may have significant impacts for consumer-debtor lawyers, as well as law firms that enforce mortgages and participated in mortgage loan securitization.”

“A note and mortgage may go through multiple transfers. Documentation of these transfers is imperfect, and many assignments were not recorded at the local real estate filing offices.”

“The creation of Mortgage Electronic Registration Systems, Inc. (“MERS”) further complicated matters.”

“For instance, if a debtor raises these or similar defenses, it may only be necessary for the servicers and the mortgagees to complete and file the proper assignment documents.”

The fabricated fraudulent assignment.

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4closureFraud.org

Revenge of the Debtors – Who can Legally Enforce a Mortgage After a “Landmark” Case

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One Response to “Revenge of the Debtors – Who can Legally Enforce a Mortgage After a “Landmark” Case”
  1. Elyse says:

    CNBC has done an incredible job on a program I saw last night. While watching, I thought to myself that when I finally get my day in court with a jury…all I have to do is ask the Courts to allow me to play the report on a Big Screen, that I will provide, and just let it run…it’s a 2 hour documentary and by the end, it will have explained what happened to the sub prime and how Wall Street Bankers sold out the American dream for trillions of dollars!!

    Please do yourself a favor and go to CNBC.com and order this incredible footage…HO– USE OF CARDS…..if any Judge or Jury see’s this film, it will explain what we are trying to fight in every Courtroom in America..

    A hugs Thank You to CNBC!! Brilliant!

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