Michigan…
Watch streaming testimony on non-judicial foreclosures and more from Bill Hultman (MERS) by clicking here…
Worth watching all the way through.
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Streaming Broadcast – Banking and Financial Services Committee Hearing Testimony from Bill Hultman, Mortgage Electronic Registration Systems
The committee was not informed enough to ask the proper questions. They also allowed Mr. Hultman to control the meeting in that Mr. Hultman lectured the committee for over ninety percent of the time.
If the committee had known what questions to ask, they would have asked, “Is the note ever transferred to the investors?”. The answer is no. That means that the note and the deed are separated, causing a break in the chain of title. They should have asked, “Did the owners of the note ever approve a foreclosure?” The answer is no because the investors that paid for the property have no record of receiving ownership. This also violates MIchigan law.
Most servicing banks that initiate foreclosure claim to “own” the note. If you follow the money, you will find that the originator of the loan was paid in full, and the foreclosing bank has no money invested. They are not “owners” of the note.
Mr. Hultman also purjured himself when he stated that the majority of homeowners can call and find out who owns their note. If you make this call, you will find out that the servicing bank cannot tell you.
MERS is crashing. Their business plan violates state’s laws concerning recording property ownership information.
That was an absolute joke. A compete f*&king joke!
Er, “complete”…
The headling should read… “Watch streaming LIES on non-judicial foreclosures and more from Bill Hultman (MERS) by clicking
“Fight The Good Fight”