FEDSPEAK Report | “A Foreclosure Crisis” ie Let’s Change the Laws to Legalize MERS

David Dayen over at FiredogLake sums this up quite nicely…

The story from Housing Wire sounded pretty formal: the Federal Reserve Bank of New York was stepping up with a plan to fix the looming securitization and chain of title problems in housing, which could cost the big banks tens of billions, if not more, to fix. Given that the FRBNY is essentially controlled by Wall Street banks, the result of these meetings will undeniably be some kind of legal reverse engineering that will indemnify violations of the law and cure the system.

There’s only one problem with this. The Federal Reserve Bank of New York has about as much control over the legal issues in securitization as I do. They have no jurisdiction whatsoever over the process. State courts are the arbiter of these transactions and whether they were done legally.

I appreciate the FRBNY’s spunk in trying to legalize MERS, but they simply have no jurisdiction to do so.

You can check out the rest of his commentary here…

Fed Report below…

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4closureFraud.org

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“A Foreclosure Crisis”

Comments
63 Responses to “FEDSPEAK Report | “A Foreclosure Crisis” ie Let’s Change the Laws to Legalize MERS”
  1. marilyn lane says:

    I did not know that Inland Empire was a name for an area of California but now that I researched it I find it a perfect pseudonym for Fidelity National Title

    Fidelity National Title .is governed by an emperical CEO William P Foley that believes in forgeries to gain land.

    …The Inland Empire was declared the nation’s worst example of sprawl according to a study by Smart Growth America in 2002.[35][36]

    Foreclosures have risen by 3,500% since 2006.[37] In 2010, the area ranked fourth in the nation in the number of foreclosures, with one filing for every 133 households.[38] The city of Perris initiated a program to paint the brown lawns of abandoned homes green as a way to cut down on the appearance of blight. (from Wiki)
    This is a perfect area for Fidelity National Title to attempt to steal properties.

    Astoria Federal S & L auctioned off my two NYC condos without owning them. When Astoria said in NYSC its Indemnify Indemnify Indemnify – we are stepping aside and the title companies are stepping in.Thomas Malone of FNT and his partner in crime David K Fiveson of Coronet Title did not want to indemnify the forged deeds but wanted to be Intervenors instead and be heard and what they told the court is – time makes forged deeds good.

    The title attorneys told Judge Alice Schlesinger “we have equity” and the only equity they could speak of for a forged deed is money under the table for Judge Schlesinger and she ruled against the US Supreme Court case of Eliot v Piersol. (Forged deeds convey no title)

    Fidelity and their entities are a Network of crooks. That is not paranoia that is reality.

  2. Tim Bryant says:

    The Fed again does not get it. They can change all the securitization rules they want. They have no effect on Real Property laws, when the homeowners are not entities of the securitization. I think with all the pandering by investors, the government needs to look at removing the REMIC and TRUSTEE tax-exempt status. They are a joke, and none of these entities are “passive”. If they want to behave in this manner, they can pay taxes on all their fraudulent transactions.

    • Tim Bryant says:

      Ron Paul is right, the Fed needs to be dismantled. They are a non-government entity that wants to act they are.

  3. Fury says:

    Federal Reserve Bank of New York

    Chartered 1914
    Erected 1922
    Dismantled 2011

    • l vent says:

      Death to the Foreign Multinational Tyranny!!!!!!!!!!!!!!!!!!!! May the never rest in hell!!!!!!!!!!!

    • marilyn lane says:

      This comes from
      Reblogged from oceanofmind, Notes, March 27, 2011

      Anarchy of the Mind… Pseudo-intellectual word vomit focusing upon non-dual spirituality, philosophy, pacifism, socialism, and ultra-progressive American politics.

      I’m also a bit of a cynic, and generally complain about everything without offering anything better.

      Ask
      Archive
      RSS

      Merdiven Theme
      The “Federal Reserve”
      oceanofmind:

      The Federal Reserve is, quite literally, an international counterfeiting ring that has been granted exclusive authority by the US Congress to create money from absolutely nothing. In most cases, they do not even bother to print their phony Federal Reserve Notes. Instead, a few more zeros are simply added to a digital balance sheet.

      Two interesting facts about the Federal Reserve – a) it is not federal, and b) there are no reserves. In actuality, the Federal Reserve is an international cartel of private banks that has formed a partnership with the US government for the sole purpose of enacting laws that allow the cartel to continue creating money from absolutely nothing -with no competition!

      The Federal Reserve creates this money out of thin air, (nearly a trillion fake dollars were created just last year!) and injects it into the economy through the banking system – often called “liquidity.” The international private banks that comprise the Fed then get to charge an exorbitant fee – which they get to keep – to anyone who wants to use this “money” – which is obviously a pretty sweet deal. Congress wins too, as it has unlimited access to this vast sum of created wealth simply by forcing the American people to the pay the cartel for the privilege of using it – which is conveniently extorted from us at gunpoint by the IRS.

      The local banks are in on the scam as well. They take this “money,” which came from absolutely nothing, and multiply it by up to 90 times (yes, ninety times!) to use for car loans, mortgages, etc. This phony money is loaned to us at whatever confiscatory interest rate they can get us to pay.

      “Wait a minute,” you say, “the banks can collect interest – for 30 years – on money they created out of thin air? How can I get a piece of that action?” Sorry ole buddy, you and I would be hauled off to jail if we tried to pull a stunt like this. This form of robbery is reserved for a very special, well connected, breed of counterfeiter.

      As these huge new piles of phony money enter the banking system, the phony money already in circulation becomes even more worthless, which leads to higher prices. We choose the relatively benign sounding term “inflation” to describe this giant rip off, as if some immutable force of nature is the cause of our declining lifestyle. But, make no mistake – this is a brilliantly contrived plot to pick the pocket of every American.

      Never before in the history of the world, has a such an elaborate scheme of larceny been perpetrated on such a grand scale, with the willing participation of the victims. It is time to put this rogue group of bankers out of the money printing business. Get a copy of “The Creature from Jekyll Island” by G. Edward Griffin for more on this. (via)

      Reblogged from oceanofmind, Notes, March 27, 2011

      Read more: http://anarchyofthemind.tumblr.com/post/4145113611/the-federal-reserve#ixzz1MPxYCslp

      • l vent says:

        All true, Marilyn. I came across a couple of intereresting you tube videos last night. One is entitled Sir Evelyn De Rothschild And The Unholy Trinity Part 1. and The Bloodline of the Illuminati Who’s Who and How Part 2. What a bunch of sick megalomaniacs!

  4. l vent says:

    THE FEDERAL RESERVE/WALL STREET ARE no more than A COMPLETE FRAUD AND A COMPLETE FOREIGN MULTINATIONAL TYRANNY..THEY CREATE ENORMOUS WEALTH FOR THEMSELVES AND DEBT AND IMPOVERISHMENT FOR ALL OF THE REST OF HUMANITY. ….DEATH TO THE FOREIGN OWNED AND OPERATED MULTINATATIONAL TYRANNY!!!!!!!!!!!!!!!!!!!

  5. Doug says:

    In the United States, the federal government is prohibited from passing ex post facto laws by clause 3 of Article I, section 9 of the U.S. Constitution and the states are prohibited from the same by clause 1 of Article I, section 10. This is one of the very few restrictions that the United States Constitution made to both the power of the federal and state governments prior to the Fourteenth Amendment. Over the years, when deciding ex post facto cases, the United States Supreme Court has referred repeatedly to its ruling in the Calder v. Bull, 3 U.S. 386 (1798), in which Justice Samuel Chase established four categories of unconstitutional ex post facto laws. The case dealt with Article I, section 10, since it dealt with a Connecticut state law.

    • marilyn lane says:

      this should be read by everyone who has been illegally foreclosed on and pay attention to what the judges might be doing. ← Shadow Inventory, Housing Armageddon, Mortgage FraudFraudulent lien release →February 7, 2011 · 11:09 am ↓ Jump to CommentsMortgage assignment recording legal action & clouded titles
      The subject of unrecorded mortgage assignments and nominee trustees is beginning to sound like broken record in the title search industry. The issue is not likely to go away until title abstractor, property owners, investors, and municipal agencies know what consequences will affect them due to the title mechanism used for the past decade.

      A definitive resolution is far from being available. In the meantime new problems appear almost weekly. It is unfathomable to think that millions of home titles would be clouded, but technically that is one scenario. The most pessimistic opinions claim that any property with an unrecorded mortgage assignment has a title defect which in some cases cannot be cured. Others state that only properties which have been foreclosed are affected. In any case the subject is getting a great deal of mileage in the press. Title search professionals are watching the issue closely to see if clients are requesting to be notified of mortgage assignment chain gaps.

      Lenders are trying new techniques to try and erase some of the problems. In Florida some are filing “Motions to Ratify” foreclosures after the fact. The intent is to get a court to certify the foreclosure as being valid, even though it is not the same judge who oversees the foreclosure case. AN investigation by the Palm Beach Post found 116 Palm Beach County cases in which attorneys for banks have asked a judge to ratify a final foreclosure judgment even though flawed documents “may” have been used to foreclose on the property. The paper called the practice “an unheard-of request apparently aimed at getting judges to uphold the original case, the amounts owed to the bank, and attorney fees.”

      Some legal experts think the practice is improper. “In a practical matter, the title insurance company should refuse to issue title on those properties until the foreclosure is done properly,” Henry Trawick, an expert on Florida’s judicial rules and author of Trawick’s Florida Practice & Procedure. “You can’t ratify a final judgment that was based on fraud. THIS COMES FROM Title.Search.com

    • Tim Bryant says:

      Judge Marshall also stated that no law is truly legal until it has been reviewed judicially. This has been a long standing mantra of the US Supreme Court. Even a law that is otherwise constitutional, is invalid if used for an unconstitutional purpose. All these agencies are scrambling to cover their tracks, including the Fed. I may also claim that if they deliver their materials to judges for review, that constitutes obstruction of justice, attempting to corrupt a master, and possible witness tampering. If you attempted to do what they propose, you would be arrested. The government is almost pushing the limits so far, as to force a rebellion. If Eric Holder doesn’t get off his ass and address the corruption immediately, he alone should be held accountable for whatever breaks out in our country. These agencies are pushing the public into a corner, when there is no more room to back up, there will be a lashing out.

      • Tim Bryant says:

        If the Fed goes through with their plan, it us up to us to meet and defend our rights. We can submit a much larger document showing how these securitizations are used for illegal purposes;
        Are unconstitutional under the 14th amendment, since their is no due process for the collateral holder in RMBS,
        Violate the Takings Clause of the constitution since government entities illegally own RMBS, and Because of this, makes non-judicial foreclosure illegal in any state, under the 6th &14th amendment.
        The practices of trustees, investors, and their agents are federal felonies as they constitute counterfeiting United States securities and obligations.
        The SEC has known since at least 2003 that many home loans are void at inception, because the debt obligation is sold before the debt even exists. This makes the contracts nullities, since the true obligee is not a party to the actual contract. These TBA securities, make the transaction void, as a REMIC is not registered for banking, and you cannot sell as a security a debt obligation that does not yet exist.
        If the Fed wants to address anybody, try addressing the SEC. They failed again, as with Bernie Madoff. The SEC is a worthless agency that could not police a shopping mall. They have allowed investor practices from their narrow-minded view of the world. They never bothered to look at whether RMBS transactions were even constitutional. They were too busy on fueling the fire of this current crisis, and now as stated directly to me by Katherine Hsu, “We don’t know what to do”.
        Bottom line, nobody is actually regulating these financial institutions. Now Social Security and Medicare will disappear so we can once again, bail out Wall Street’s bad practices.
        If the Fed wants to play that card on the judges, we will too.

  6. JIm Bethea says:

    Screw the Federal Reserve Cartel of Crooks………..Abolish this dean of theives that has done nothing for the past 95 years except to cripple the US economy [as the Rothschilds & other foreign owners of the Fed Res] had intended to do.

    This cartel operates on a yearly budget funded by the tax payers……….had as of 2004 – 46 private jets — pays no income taxes on the billions of profits that they steal via the “National Debt” interest ???? Sweet deal — you loan no money of your own — order money to be printed for $76.00 per 1000 notes [does not matter the amount of denomination]l — issues & sells worthless and fraudulent notes and bonds [with the taxpayers responsible for lose or win]….

    Gosh I would love to have access to a money printing press that I didn’t even have to maintain. repair or pay workers to operate —- print me up several billion anytime that I needed more — make profits through my use of all of this money — and pay no taxes!!!!!!!!!!!!

    Furthermore, anytime that I foresaw a problem with my fruadulent scheme then I could just get Congress to change the laws, give me more power or just squash it through the cartel owned media’s big 4…………

    Time for this bunch of crooks to get out of the US and find another country that they can control and steal the life out of their economy………

    • This was what thet have been doing for years….they have caused many governments to go into deep debt…all with sweet talk…till that country could no longer pay back their debts….that is their plan and method they used and are using….America was there biggest thorn…Kissinger shot his mouth off with that in the 80’s….any country that had natural resources they sucker them with sweet talk…take the natural resources for themselves….loan that country to build airports, roads…etc…than when the time comes to pay back the loans and can’t….WHAMO…..THEY GOT ANOTHER SUCKER IN THE EMPIRES WEB……that is how they are getting the world in their claws…..trapped in the debt web…all air money wiith nothing to back it up…a fake form of money…..just as they are doing in America…….I believe America is the last country they needed to claim as theirs……notice England is quiet….nothing happening there????????????? Hmmmmmmm……GOT YOU WONDERING????????????.

  7. *The Federal Reserve Bank of New York plays a “special” role in the Federal Reserve System for several reasons.

    First, its district contains many of the largest commercial banks in the US, the safety and soundness of which are paramount to the health of the US financial system.

    The Federal Reserve Bank of New York conducts examinations of bank holding companies and state-chartered member banks in its district, making it the SUPERVISOR of many of the largest financial institutions.

    Not surprisingly, given this responsibility, the bank “supervision group” is one of the largest units of the New York Fed and is by far the largest bank supervision group in the Federal Reserve System.

    The New York Fed is a also the only Federal Reserve bank to be a member of the Bank of International Settlements (BIS), which means that the NY Fed has a special role in international relations, both with other central bankers and private market participants.

    ***perhaps they were hanging out at the SEC’s office watching porn while their member banks were gang-raping our nation

    • Most people are unaware that it was the Board of Governors of the FEDERAL RESERVE that made an amendment allowing bank Section 20 subsidiaries to trade Mortgage Backed Securities without having to prove that the underlying collateral met the Boards appraisal standards. They didn’t think it would cause ‘systemic risk’ to the banking industry… YEAH RIGHT!!!

    • Fury says:

      don’t forget their alleged role in assassinations…
      when printing money is involved.

      • l vent says:

        Absolutely, they are evil beyond belief when it comes to their Fed Reserve money printing machine of debt and their Wall Street vast ongoing criminal enterprise. They are a complete sham and a fraud. J.F.K.’s speech on secret societies is on you tube. He knew what they were trying to do to America. Too much money and power in the hands of a few so called elite fascist tyrannts got all of us here. Now they have all of the wealth and everyone else is in debt, they want their ultimate goal to be acheived, World Domination. National Sovereignty will prevail. They are really just a cabal of evil megalomaniacs who have corrupted everything and do nothing but spy on everyone. The tables are turning, .they can no longer rule by secrecy and that is what they really hate.

      • l vent says:

        Some have gotten to the truth about that day in Dallas and other conspiracies. This is a great article. It makes more sense than anything they have told us. What a pandora’s box!: http://www.theforbiddenknowledge.com/hardtruth/jesuit_world_control.htm

    • I read an article on the BIS in Basel, Switzerland…. the building is ‘ a home away from home ‘ for the elite who go there once a month for their secret meetings…2 months are skipped during the year. For those who never heard of the BIS……. http://www.bilderberg.org/bis.htm google it….there is plenty on it…..

  8. Readdocs says:

    MERS is not a financial entity, they cannot legally be nominated to be the assignee, trustee, or servicer. MERS is only a holder of data/information. All of the data held by MERS is electronically stored, and transferred which means the orignations of the note, the mortgage, and the deed of trust are where? In many cases over the years since 1999 have seen the procedure of filing and registering speeded up by destroying through shredding the original documents to save the holders of the data storage, time, maintenance, and money by not storing the original documents that were the origination of each individual mortgage. Each individual property that has been filed and registered in this manner now have a broken paper trail of the transactions that have taken place. This means this property will forever have a clouded title. When the consumer who bought the property has satisfied their obligation of paying back the money borrowed they are not going to in ownership of a whole product, but a defective one they can never use as investment or to be sold again. This has happened repeatedly millions of times in the past decade, and within the next 5 to 10 years these consumers are going to become aware they’ve been stolen from, defrauded by the mortgage company, the title insurance company, and the bank. They will learn they’ve paid off and fulfilled their half of the contract while the other half has been broken on the very day they signed off on the contract.
    This is another level of the scandal ongoing that comes to fruition in 10,15,20,25, and 30 years later while the
    thieves have many years before walked off scott free.

  9. talktotennessee says:

    Let us petition or write to 60 minutes requesting they ‘update’ their piece that caused so much stir. I am sure they would welcome the increased viewing audiences, boosting their ratings. I suspect the piece they aired was one of the most e-mailed pieces they have ever done.
    We can sit in front of our computers all day long and vent our anger but action is what counts. If we fail to act, our failure is our own. Write someone to take action, whether it is an attorney general, the Office of Comptroller (you can complain about your federal bank online to this entity be assigned a number and response) Yes, I know little is often accomplished but it is the act of trying and causing a stir that gets things done. If enough people take action, it makes a difference. Individuals who provide this venue or blog for our complaints has DONE SOMETHING TO FIGHT FRAUD. What have you done?

    Look at what one person did that got ’60 minutes’ to report her story!!!
    Be that one person that gets your story out. Write your local newspaper, contact reporters and journalists who are sympathetic and writing on the subject, suggest stories and ideas that will help them write or publish our side. Seek them out, even if not your own state. We may have right on our side but if we can’t get our (truth) stories out the lobbyists for big business will roll right over us on their way to the bank!

    Write one letter, make one call, report at least one story, report it concisely, factually, accurately, sympathetically, respectfully, (without bad language and please spell check) so that you retain YOUR credibility.

    If YOU take no action, you have little right to complain that no one is telling your side of the story !

  10. l vent says:

    Time to throw ALL of the criminals in prison for ILLEGAL AQUISITION OF WEALTH. THE FED HEADS PAST AND PRESENT AND ALL OF THE WALL STREET CEO’S AND THEIR PERPS PAST AND PRESENT WHO ROBBED AMERICA BLIND IN THE PONZI SCHEME ALONE. THE BAILOUTS WERE ALSO AN ILLEGAL AQUISTION OF OUR WEALTH.

    • marilyn lane says:

      to Ivent and all those concerned with our future

      I was doing some checking on the racketeering William P Foley CEO of Fidelity National Title , former Chair of LPS-Docx and when I pressed in Fidelity National Title I came upon one of their Webpages where the heading said:

      FIDELITY NATIONAL TITLE
      INLAND EMPIRE

      • l vent says:

        It is a vast criminal enterprise. It’s tentacles are far reaching. We can overcome this foreign owned and operated multinational tyranny. They may have corrupted and robbed America, but they don’t own it. Their lies and their fraud are catching up with ALL of them. They can’t hide behind the scenes who they are and what they have done to all of us any longer. We have to keep calling the bastards out. America is waking up. The U.S CONSTITUTION AND THE U.S. BILL OF RIGHTS PROTECTS WE THE PEOPLE from a tyrannical Government that oppresses its own people. There are honest Americans on our side of this. We will overcome this.

      • I just read somewhere that all Empires have failed in the past….SO LET’S MAKE SURE THESE BASTARDS FAIL…everything is to stay as is…no laws or rules to be changed….foreclosures loaded with fraud….banks did not lend the funding of the loans….fraud in the recorded mortgages…no copies of the note…ONLY THE ORIGINAL NOTE WITH THE BLUE INK SIGNATURE…..the rest of the fraud is not forgotten or forgiven…AS IS…..THE BANKS PLAYED THEIR GAME THEIR WAY….NOW THEY ARE SCREWED……THEY HAVE MADE A$$ES OF THEMSELVES…WANTING THIS, CHANGING THAT…BRIBES FLYING IN MID AIR FOR ANY SUCKER POLITICAN TO CATCH…..MADE THEIR HOME BASE THE CAPITOL OF THE STATE TO BRIBE THE LEGISLATORS…ANOTHER SICK BUNCH THAT RUNS WITH THE BANKSTERS….RIGHT FLORIDA??????? YOU DAMN RIGHT WE KNOW WHAT YOU DID…..DON’T WORRY ABOUT CAMPAIGN MONEY….YOU WILL NOT WIN…WE HAVE THE LIST OF ALL YOU BASTARDS. AND THEY, THE FEDS, THINK THEY CAN JUST CHANGE EVERYTHING TO MAKE IT RIGHT?? NO…IT SHOULD HAVE BEEN RIGHT FROM THE BEGINNING….THE BLUEPRINT WAS FOLLOWED…NOW IT IS TO LATE….ALL WILL PAY FOR THEIR CRIMES….THESE WERE NOT MISTAKES…ALL WAS DONE DELIBERATE….YOU JUST GOT CAUGHT WITH YOUR PANTS DOWN….AND WE DIDN’T LIKE WHAT WE SAW. SO THIS CRAP OF FORECLOSURE CRISIS WAS CA– USED SO LET THE SLEEPING DOG SLEEP…IN OTHER WORDS LEAVE IT ALONE….THE FORECLOSURE CRISIS WILL BE SETTLED…THE AMERICAN PEOPLE WAY…BY JUSTICE…..THE EMPIRE WILL FALL. GOD BLESS AMERICA…THE LAND I LOVE……AND FREEDOM WAVES IN THE BREEZE………….

      • INLAND EMPIRE is a geographical area in California! There are many entities that employ the name to demonstrate their origins.
        “The term “Inland Empire” is documented to have been used by the Riverside Enterprise newspaper (now The Press-Enterprise) as early as April 1914.[12] Developers in the area likely introduced the term to promote the region and to highlight the area’s unique features. ”
        http://en.wikipedia.org/wiki/Inland_Empire_%28California%29

        Are you still paranoid if they are really after you?

      • l vent says:

        I think it is more of a healthy skepticism rather than paranoia. The criminals in the foreign owned and operated multinational corporate complex caused this themselves.

  11. spectre says:

    Do something good for the country “HANG A BANKER” No serious we need to wakeup more of these sheeple to what is really going on. This is a war folks and each and every foreclosure is a separate battle let people know not to just throw up their hands and walk away. Everyday battles are being won across the country because of sites like this one and Lynn Szymoniak’s 60 min. Yeah they’ve had it real good for to long but the tide is changeing
    Think about this before what 09 id say that they won 99% of the time but nomore their loseing BAD!!! and we can see how bad their hurting Trying to make deals with the ags trying to get new laws thats ok when the smoke clears we will see who is still standing.

  12. l vent says:

    Legalizing MERS will NOT create a clean chain of title.
    Legalizing MERS does not turn MERS INTO A OWNER OR A ASSIGNEE OF A DEBT, IT IS A COMPUTER DATA BASE, ITS ONLY JOB IS TO KEEP TRACK OF LOAN SERVICERS..
    YOU CAN’T PUT YOUR FINGER ON MERS, MERS ONLY EXISTS IN CYBERSPACE.
    BOTTOM LINE;
    THE BANKSTERS NEVER ASSIGNED THE LOANS TO THE TRUSTS. ESSENTIALLY NONE OF THEM……EVER….ASSIGNED……THE……LOANS……TO…….THE……TRUSTS.
    As Max Garder, who is considered to be at the top of any list of the country’s consumer bankrupcy attorneys, who has become an expert in the issues surrounding the mortgage meltdown and resulting foreclosure and credit crisis has often told the hundreds of attorneys around the country that follow his thinking that :
    If anyone ever finds a deal where the note was correctly endorsed to the trust, he or she should bronze it and hand it on their wall.
    That means in a nut shell, FORECLOSURES ARE ILLEGAL.
    That is why we have FORECLOSUREGATE.

    DID YOU HEAR THAT WASHINGTON????????????????????????????

    • l vent says:

      Let me correct my misspelling, If anyone ever finds a deal where the note was correctly endorsed to the trust, he or she should bronze it and HANG IT ON THEIR WALL.

    • talktotennessee says:

      MERS has been recognized as a valid nominee when on the original note in most venues. It appears the Arkansas Supreme Court disallowed MERS on a technicality because they were not named as the lender’s nominee or trustee in the foreclosure process. If the foreclosure was challenged and no one responded (MERS was not served as an interested party) then the failure to respond appropriately was due to their not being name in the foreclosure process, not that the court does not recognize MERS.
      I am a little confused after reading that Arkansas disallowed MERS. It appears that MERS was not named in the foreclosure notices. Anyone know if this was what happened?
      I am thinking that MERS IS BEING RECOGNIZED as a party with the right to foreclose. In effect this circumvents the chain of title because MERS has legal standing regardless of who is foreclosing because the initial lender (entity) named MERS as their nominee and the original lender retains the ability to foreclosure regardless of who is servicing or owns the bits and pieces of loan.
      Someone clarify MERS please?

      • l vent says:

        MERS has been proven to be a straw man, a mere DOCUMENT CUSTODIAN, and there is case law which supports that claim, See the Matt Weidner blog and read the article entitled:A BRILLIANT APPEAL THAT DETAILS THE DIFFERENCE BETWEEN ENDORSEMENT OF NOTE AND ASSIGNMENT OF MORTGAGE, there is a link to the case, Gregory Taylor v. Deutshe Bank National Trust Company as Trustee for FFMLT 2006-FF4, MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-FF4. A/K/A TAYLOR APPEAL,that has proven this and a ruling by the U.S. SUPREME COURT 130 years ago, recognized that the mortgage is inseparable from the promisorry note. CARPENTER V. LONGAN. MERS BIFURCATES THE MORTGAGE INSTRUMENT FROM THE PROMISSORY NOTE FROM THE MORTGAGE INSTRUMENT AND MERS, THEREFORE RENDERS THE FORECLOSURE IMPOSSIBLE AS THE PROMISSORY NOTE IS NO LONGER SECURED BY THAT MORTGAGE INSTRUMENT. WHAT THEY HAVE SOWN, THEY SHOULD REAP, THE ARKANSAS SUPREME COURT CAME TO THE SAME CONCLUSION IN MORTGAGE ELECTRONIC REGISTRATION SYSTEM, INC, V. SOUTHWEST HOMES OF ARKANSAS.

    • Hell NO - No More Bail-Outs or FALSE Modification Programs (Ahem or A-hamp) says:

      @ talktotennessee

      In CA courts are coming out with rulings that MERS can NOT assign.

      Since WHEN has MERS EVER been on a NOTE? They are only on the Deed or mortgage.

      CA courts have struck down attempts to use MERS to ‘assign’ the note.

      CA Courts also are noting that the section of the Deed that specifies WHAT MERS can do is in the BORROWER section.

      The Deed FAILS to state what the LENDER is intending MERS to do in the role of NOMINEE.

      CA courts are starting to rule that MERS can not do anything as the NOMINEE.

    • I vent…they ALL hear us……they just don’t know what and when they will see millions on the street….or when they travel and campaign……the world is talking of all this…..that has gotten back to the States here…this country has alot of foreigners and word spreads fast……now they all know why there is so much unrest in countries over there….the word has it that the U.S. is always the first to intervene and get the action going…to CA– USE a war…so these sicko’s of elites can take over…..and they know Bush and Bush Sr. and Obama are the NWO….word is more out in the open there…..ALSO…did you see the tunnels underground built in alot of countries…storing seeds for feed and plant, trees…and the storing of dried foods to eat? Built to withstand earthquakes and natural (man-made) disaster’s? Very large with holding conditions to house the elites…… .New Zealand has a very large new one….underground holdings to live in….but there are many scattered….. at the one in New Zealand… has guards with guns to shoot anyone who tries to enter it……sounds like our homes…..they don’t own them…the courts gave them homes thru fraud….I guess we can do the same to anyone who tries to enter our homes…..But I really would like to see Jimmie ‘ Demon” try and take someones home….he is gutless…..Strange way I found this info…I was looking on search for rare seeds from around the world to grow and these tunnels kept appearing in the search…I somehow never heard of them….I have heard of the drug tunnels…and underground railways….so now I know that these bastards have evil thoughts…..SHUT THE FEDERAL RESERVE DOWN NOW….AIR MONEY IS JUST AIR…..IT IS WORTHLESS…AND BEING WORTHLESS…OUR DEBT IS WORTHLESS…..AMERICA’S DEBT IS NOT OWED..JUST AS OUR MORTGAGES ARE NOT OWED TO ANYONE…..IT’S ALL A PONZI SCHEME — USED IN ALL COUNTRIES THAT HAVE NATURAL RESOURCES….LOOK THIS UP…THEY ACTUALLY HAVE A SCHEME.. TO CA– USE THE COUNTRIES TO GO DEEP IN DEBT AND THAN TAKE THE COUNTRY OVER WHEN THE (FAKE) DEBT CANNOT BE PAID. kISSINGER SAID THIS IN THE 80’S THAT AMERICA WOULD BE THE HARDEST TO CONQUER…(MAY NOT BE HIS EXACT WORDS ) BUT CLOSE….SO KISSINGER, YOU ARE A NAZI…AND YOU CAN KISS MY A$$…..

      • l vent says:

        You are right Marilyn. Did you here they are planning on a fake UFO invasion in 2012? Did you hear about the UFO sightings in Israel? It is on you tube and other places on the net. Some in the U.N. and leaders from other nations are saying stupid shit like the aliens are coming! I hope they are and I hope they collect all of the elites and get them the hell off of our planet because they are who are destroying it with their need for greed and world domination. They are all a bunch of filthy rich, inbred, maniacal and diabolical megalomaniacs. Hard to believe what a few hundred rich bastards can do to the world when they are allowed to use our money and stolen wealth from dead people and other failed governments, to corrupt entire Governments. They a bunch of bloodsuckers, they are going down,. Many of those working for them as spies and such are not even going for their sick shit anymore, they even think these bastards have it taken their evil scheme way too far. I would say the assassination of J.F.K was taking it way too far, that should have never happened either. That’s what happens when the fox is guarding the hen house.

  13. The questions for the day is; ? Is NATO attacking Muammar Muhammad al-Gaddafi in Libya due to his use of oil monies to fund banks in sub Saharan Africa. These banks would not pay tribute to the European dushe bag slime? Is that the plan? Are they painting the Iranian leader Mahmoud Ahmadinejad with the tar brush for the same type of activity? Is the main difference between Islam and Christianity the Islamic sanctions against usury? Is there any state within the United States that still has laws against usury ? Why not? Is there anyone still foolish enough to invest in a retirement plan knowing full well that the payoff will be in inflated dollars? Was Lincoln killed because he proposed continuing the greenback system? Kennedy? Are payments to TARP, QE2 etc modern forms of tribute paid under the threat of a collapsed economy?
    Can we go on with these questions all day long. Are the answers obvious?

    See http://www.guardian.co.uk/business/2007/may/25/iran.internationalnews
    and better yet= http://www.bibliotecapleyades.net/archivos_pdf/confession_economichitman.pdf = a book form long ago

  14. talktotennessee says:

    Eventually; some ‘blanket’ resolution will alleviate the billions $, risks and dilemma that the banks finds themselves in as they are exposed for their criminal activity. It will be federal help as that is the only way you can in one swoop alleviate the industry’s problems.

    It appears that the only way to circumvent this “amnesty” arrangement, which is likely to transpire when Congress acts to once again “bail out” the banking industry from their own fraudulent mess, is to make their illegal actions legal or forgiven. (see NYFED letter)
    Should any of you so empowered choose to form a class action NOW that could offset this travesty of justice it would seem that several foreclosure attorneys in multiple states could form a class to file in federal court and get it approved before this bailout occurs. Once the law is in place you will not get this done. However, sentiment and outrage and don’t forget, state laws, in many cases, support the action if it is done NOW, possibly with a chance to be grandfathered in.
    Timing is everything! Don’t wait until the Attorney Generals find their collective voice in a ‘staged’ settlement that binds their states.
    The time to muddy the waters with truth and legal standing is NOW!
    You attorneys who are monitoring these blogs and website, looking, waiting and contemplating, the time is NOW! Announce or publish to attract those who have been preyed upon in this industry farce and you will have thousands, if not millions joining in. If it busts a bank or two, so be it. Aren’t we as taxpayers insuring them now?
    Timing, numbers and immediate action are OUR key for success.

    • l vent says:

      Sorry talk to tennessee, they are never going to get away with a blanket resolution here. This is way to far gone. Too many people know the truth about what they did to America. Their plans to dumb down the sheeple have failed. They are all going down..

  15. Ms. A says:

    And no matter how you slice it, MERS is an illegal shell enterprise designed by the Banks to enhance their fraud. MERS needs to die a quick death.

  16. Get Real says:

    I think its time for all the people who used OTHER PEOPLES money to initially buy the homes they live in to face the fact that YOU DO OWE THAT MONEY to someone, and the debt will get collected at some point in time, either by continuing to pay your mortgage or by the taking away of the asset we all signed off on and said they could do when the mortgage was initially given

    • l vent says:

      OUR HOMES ARE PAID FOR FREE AND CLEAR BECA– USE OF THE PONZI SCHEME HEIST. WE DON’T OWE ANY BODY ANY MONEY. THEY OWE US THE STOLEN BAILOUT MONEY THEY STOLE FROM THE TAX PAYERS IN THEIR ILLEGAL AQUISISTION OF OUR WEALTH TO PAY THEIR INVESTORS THEY SCREWED. YOU ARE OBVIOUSLY A NEW ORDER SCHILL.

    • l vent says:

      LET ME CLARIFY,I LEFT OUT A KEY WORD, F YOU, GET REAL, YOU ARE A NEW WORLD ORDER SCHILL.

    • l vent says:

      Bastards like you Get Real are like a giant festering boil on the ass of humanity.

    • l vent says:

      YOU ARE WHO NEEDS TO GET REAL, other peoples money? They FLOATED the mortgage debt and speculated on our ability or failure to pay that and they sold that SPECULATION to investors and gambled and insured themselves on that specualtion. That is what they all did. IT WAS A GIANT FOREIGN MULTINATIONAL PONZI SCHEME SWINDLE AND HEIST. WHAT THEY DID was COMMIT RAMPANT MORTGAGE FRAUD AND SECURITIES FRAUD, AND THAT is ILLEGAL and their CRIMES are PROSECUTABLE UNDER RICO. THEY ALSO STOLE THE BAILOUT MONEY FROM THE AMERICAN PEOPLE TO MAKE THEIR FOREIGN INVESTORS WHOLE, THAT WAS ALSO A CRIMINAL, ILLEGAL, AQUISITION OF OUR WEALTH.

    • GET REAL….YOU SEEM TO BE IN LEFT FIELD AND LOST….. WE DID NOT — USE OTHER PEOPLES MONEY….THE BANKS DID NOT LEND THE MONEY AS THEY CLAIMED THEY DID BY PUTING THEIR BANK NAME ON THE NOTES AND MORTGAGES…AS PAYEE/LENDER. THAT IS A FRAUD TO START WITH……THE RECORDED MORTGAGES DID NOT GO BACK TO THE BANKS…IT WENT TO THE INVESTOR(S)…….AND THE NOTE BELONGED TO THE INVESTOR(S)….NOT THE BANK. THE BANKS WERE NOTHING BUT A FRAUD SITTING AT THE CLOSING TABLE…A STRAWMAN…PAID A COMMISSION. UNTIL THE ACTUAL OWNER COMES FORTH AND SHOWS THE ORIGINAL NOTE AND NOT A COPY….WE OWE NO ONE. A BANK — USED FRAUD THROUGHOUT THE MORTGAGES…LOST CONTACT WHO REALLY HAS THE NOTE….GREED RUSHED THROUGH THEIR VEINS AND CA– USED THEIR OWN FRIG’IN SCREW UPS….FRAUD….UNDERSTAND? SO THE BANKS WHO ARE FORECLOSING ARE NOT THE OWNERS OF THE LOANS (NOTES)….THAT IS WHY THEY DID MORE FRAUD IN FALSE AFFIDAVITES…NEVER FOLLOWED THE RULES AND LAWS ON ASSIGNMENTS TO TRANSFER THE NOTES….TO RECORD THEM IN THE COUNTY RECORDS TOI SAVE THAT OLD MIGHTY BUCK…. THEY FU*KED THEMSELVES…AND NOW WANT TO MAKE THEIR OWN LAWS AND RULES…NO DICE. SO DON’T COME ON HERE WITH YOUR BULLSHIT AND TRY TO TELL US TO PAY SOME BASTARD WHO DOES NOT EVEN HAVE ONE CENT INVESTED IN OUR MORTGAGES.

      • l vent says:

        Right on, Marilyn!! These NWO schills do come out of hell every once in a while and try to blame the victims and try some of their Nazi intimidation tactics. They are wasting their time here..

      • I vent…..when someone pisses me off…I have two thoughts….if possible I would like to rip the skin off their face and I have the hard nails to do it…..the other….I detest a liar, a thief, and a sly sneaky SOB…..if I can’t get near them I use my mind … in plain english….my messages alwys get across….and I don’t hide any facts…..I don’t play games that involve a ploy used on me or any others dear to me….and the way I look at foreclosures…. I feel for all who have been abused by the hidden rotten scums who are sick in the head to destroy a country for the sake of power…..that is a sickness only curable by death. I am not in foreclosure as you know…I own my home…but my daughter is in foreclosure only because the bank would not talk to her…the title is in her name and the note was signed by her husband (now X) but she kept the payments up till they would not tell her who owned the note…cause she was not on the note….. So I work at following and researching these foreclosures for the sake of all the people…and I speak up when needed for the people……But when some jerk comes on and says about paying your bills or you owe that money…I fly off the handle….I guess that is my french temper….LOL.

      • l vent says:

        They are like a dying beast. It reminds me of the Eagles song Hotel California, they stab it with their steely knives but they just can’t kill the beast. Everytime some NWO schills start calling us out on here it makes me think we are winning. We are getting under their skin and they are trying to shut us up. Not happening. They are who is going down. They don’t realize there are real patriotic Americans who care about this country on this side of their diabolical plans who really do not care about them..

  17. Ms. A says:

    I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.

    Thomas Jefferson, (Attributed)
    3rd president of US (1743 – 1826)

    And this has come to be. We need strict controls and enforcement on our banks. They have turned into unweildly, blood-sucking monsters that engulf and devour anything that smells of money. It’s time to lob off their tentacles.

  18. l vent says:

    Screw that bastard Bernanke and the whole foreign owned and operated MULTINATIONAL Federal Reserve/Wall Street crime syndicate. THEY ARE ALL A GIANT FRAUD. Time to take your country back America, THESE FOREIGN BASTARDS DONT OWN AMERICA, THEY HAVE HIJACKED AMERICA BY CREATING DEBT AND CORRUPTING ALMOST ALL OF THE POLITICIANS. TIME FOR THE AMERICAN PEOPLE TO STAND UP FOR THEIR RIGHTS UNDER THE U.S. CONSTITUTION AND THE U.S. BILL OF RIGHTS. DEATH TO THE FOREIGN OWNED AND OPERATED MUTINATIONAL FASCIST TYRANNY! DEMAND THE GOVERNMENT, TAX THE RICH, FEED THE POOR, NATIONWIDE TAX REVOLT AND SCREW THAT CREDIT SCORE!!! PEOPLE ARE INNOCENTLY, APPLYING FOR LOAN MODS AND THEY ARE DESTROYING PEOPLES CREDIT SCORES INTENTIONALLY, IT IS A FOREIGN MULTINATIONAL TYRANNY!!!!! WAKE UP AMERICA!!! GET UP STAND UP, STAND UP FOR YOUR RIGHTS PEOPLE!!!! GOD BLESS AMERICA!!!!

    • Ms. A says:

      Call it what it is: ECONOMIC TERRORISM.

    • I vent….I have a horrible sinus headache today and another horrible rain storm is now trying to head to my area….so my brain and eyes are not in focus today….BUT…is it the Federal Reserve wants to ‘ fix ‘ what was done illegal ? If so…I do have words that explain what they can do and it is not a ‘ fix ‘….TO THEIR BENEFIT…
      People need to understand WHO, WHEN AND WHERE THIS WHOLE SHIT STARTED….A PLANNED CORRUPTION BY THE MULTINATIONAL BANKSTERS……A FASCIST TRANNY….THE GUILT FALLS ON THEM…PAY THE PRICE OF PRISON…PAY THE PRICE THAT IS OWED TO ALL THE PEOPLE…PAY THE PRICE THAT IS OWED TO ALL COUNTIES IN AMERICA THAT THE SCHEME FAILED TO PAY IN COUNTY FEES…..SHUT THEM DOWN….ENOUGH IS ENOUGH……LINE THEM UP SO THE PEOPLE CAN HAVE THEIR DAY OF SETTLEMENT……I NEVER HAD THE THOUGHTS OF HATRED, DISLIKE YES…BUT AFTER ALL MY YEARS I HAVE COME TO HATE……SAD, BUT TRUE. THESE BASTARDS NEED TO BE ENDED….AND THE POLITICIANS ALL KNOW WHO THEY ARE THAT WENT AGAINST OUR COUNTRY….WE KNOW….AND WE WON’T FORGET…….MILLIONS OF EYES ARE ON THEM….WATCHING EVERY MOVE….AS THE OLD SAYING GOES…..PAY BACK IS A BITCH…….

      • l vent says:

        Hi Marilyn, sorry to hear you are not feeling well. Hope you are feeling better soon.The weather is lousy here too. Rain and 50 degrees. You are right, they all need to go down on the titanic of fraud they created. It is a giant foreign multinational ongoing criminal enterprise, a FASCIST TYRANNY ran by Oligarchs who are trying to create a one world PLUTOCRACY.. The Federal Reserve, Wall Street CRIME SYNDICATE, is nothing but an_ ENORMOUS FRAUD_ that creates ridiculous wealth for themeselves and impoverishment for all the rest of us. DEATH TO THE FOREIGN MULTINATIONAL TYRANNY AND THAT INCLUDES MERS!!!!!!!

  19. Jason Werner says:

    They are not going to get away with these crimes: No way. They are in huge trouble, and the economy is suffering as a result of it, but God’s hand of protection and blessing is on the victims. Read the 37th Psalm.

  20. debi J says:

    OMG. Arrest the FED. That’s all I have to say. Put ever single one of them in jail. Now before they have completely raped the entire nation!!!!!! If this is not the most irrational disgusting excuse for true fukers I don’t know what is. I would love to say ” hang them all” that sounds more practical. The banks need to fail and they all need to finally go to jail. Obviously that will be the only SANE solution. Debi. 561-389-9339

  21. Officer of the Law says:

    So, fraud was accidental, and the law needs to be changed to make the banksters’ fraudulent actions legal so that they don’t have to keep buying off the prosecutors and regulators. After all, if the banksters can’t rob and steal, then the economy will tube, right?

  22. Equity Free says:

    MERS , SMERS A PRIVATE MEMBERS ONLY LIBRARY

    THE OFFICIAL RECORDS ARE IN PUBLIC COUNTY RECORDERS OFFICE

    ITS THE LAW OF THE LAND .!

    • l vent says:

      I was told by a so called attorney that the banks DON’T HAVE TO PUBLICLY RECORD!!!!!!!!!!!!! DECEIVERS AND LIARS, ALL OF THEM!!!

      • l vent says:

        These lawyers must think they are safe or immune from the effects of this foreign multinational tyranny. If we all go down, they are going down with us, everybody is going to go down with this pirate ship including the judges. If we lose, everybody loses.

      • Equity Free says:

        Not seen publicly at first glance , like assignments , are recorded & fee paid , ownership changes are recorded and fee’ paid . they are in public records but you have to look for it ….The owner can be found at any given time .

  23. Pamela says:

    Well of course lets legalize MERS everytime something doesn’t go our way lets just write a new law so it does.Wow what a bunch of balless woners and these are the people running our country.Lets just lay down and die cause the banksters have deemed it necessary.

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