Robosigned Conveyance from MERS to BofA Deemed “A Mistake” Post Short Sale – MERS and Fannie Mae Sue Short Sale Seller and Buyer

Now this would never happen. /sarcasm

Actually, I am sure this won’t be the last we hear about this new “technicality.”

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MERS and Fannie Mae sue Short Sale Seller and Buyer

Last week, we received a document from our Seller that he had received. Are you sitting down? It was a LAW SUIT on behalf of MERS and Fannie Mae (Plaintiffs) against the Seller and Buyer (Defendants) and a possible 23 other defendants, (Does) who are at this point unnamed!

The Law Suit maintains that: ————“The Substitution of Trustee and Full Reconveyance on the County records which purports to reconvey MERS’s interest in the property is a mistake and was not properly prepared or recorded by ReconTrust. An actual controversy has arisen and now exists between Plaintiffs and Defendants concerning their respective rights and duties in that Plaintiffs contend that the Substitution of Trustee and Full Reconveyance is a mistake and, therefore, of no force or effect which should be stricken from the public records and that Fannie Mae’s Deed of Trust is valid and enforceable.!”

WTF!!!! I thought that the movie Too Big To Fail was unbelievable but this is ABSOLUTELY INCREDIBLE!!! Here is MERS (those bastards who were identified on 60 minutes as putting phony signatures on thousands of mortgage documents) maintaining that Recon Trust (not a party to the suit) MADE A FRIGGIN MISTAKE? They did not properly prepare or record the reconveyance of the loan!!!

To top it off, the scum sucking lawyers (and I apologize to any scum out there that may be offended by the comparison) have filed a LIS PENDENS on the property such that the new buyer could not sell the property if she wanted to!!!!!

This lawsuit FAILS to mention that monetary consideration of $123K was ACCEPTED by BofA for the purchase of the property!!

Check out the rest of this amazing story here…

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4closureFraud.org

Comments
No Responses to “Robosigned Conveyance from MERS to BofA Deemed “A Mistake” Post Short Sale – MERS and Fannie Mae Sue Short Sale Seller and Buyer”
  1. foreclosureweary says:

    ReconTrust robo-signed a release of mortgage from MERS on a refi in my case with no notary. I have sent this info along with the robo-signed docs with obvious notary fraud of the refi to the AG, FBI, DOJ, oversight committee, etc. AG told me that once BOA answers the complaint the case is over. “That’s all she wrote, folks.” WTF is that going to help? I told them OUR HO– USE WAS STOLEN in the guise of foreclosure. I will keep fighting!

  2. housemanrob says:

    AND THEY SHOULD BE PERMITTED TO POLICE THEMSELVES????? Absolutely stunning!

  3. Linda says:

    ReconTrust Company, N.A. is a wholly-owned subsidiary of Bank of America, N.A. Read the bottom of the page: http://www.recontrustco.com/

    BOA has created their own monopoly in the Ponzi Scheme. That way, there is not any checks & balances to question their illegal activity. Been saying this for months but no one pays attention. 🙁

    • AliceN.Wunderland says:

      Thank you Linda, did not click that ReconTrust was BofA’s company. That is why I am finding all the robo-signed docs on the Countrywide/BofA loans. No one paying attention, I agree. There aren’t enough hours in the day to research all the fraud. Their aren’t enough lawyers in the country that ‘get it’ and will fight for the homeowners. This is a whole new ballgame and we are on a steep learning curve. We are witnessing the biggest land grab in our history, with the exception of the founding of this nation. They took our money and now are taking our homes. People need to wake up and see what is happening. Every homeowners needs to understand that the banks have no proof of interest in our homes. The banks did this knowing it was all fraud and believing they wouldn’t get caught and now they have been caught and as long as the people aren’t paying attention the theft will go on.

    • leapfrog says:

      I hear you loud and clear! And I’ve been paying attention : )

  4. AliceN.Wunderland says:

    I am finding these robo-signed converyances by ReconTrust on lots of homes. My thought was that they are invalid and in fact they negate the payoff of the prior loan (as in refinance). So instead of one supposed outstanding loan the homeowner has two showing in the public record. Appears this one may have been an original loan. I don’t understand why realtors are dealing with forclosures, are they not doing their homework. I am now looking at the Deeds that are being recorded in my county on ‘new’ loans. I am finding that instead of a Statutory Warranty Deed that is required to pass title in my state, they are using ‘Special Deeds” or just “Deed, not Statutory”. This is a way to record something but lets the seller off the hook for the chain of title issues, thus the new buyer has no clue that they are buying a property with a clouded title. This form of Deed makes it obvious to me that the banks are so aware of the fraud they have created a method of selling that relieves them of liability. The title company is relieved of liabilty too because of the Deed lanquage. Buyers beware, that home you are getting such a good deal on is riddled with fraud and the above scenerio will one day happen to you.

  5. Tim Bryant says:

    More proof that homeownership is insanity in today’s lack of regulation, and enforcement.

  6. Here is a way to challenge the servicer’s attempt to assert itself as the secured party and to cover up the purported beneficial owner’s actual lack of interest:

    http://bryllaw.blogspot.com/2011/07/way-to-attack-servicers-and-their.html

  7. CaitlinO says:

    This just says that you’re insane if you buy a house that has been sold, re-financed, foreclosed or securitized any time since 1998. You have no idea where that title’s been. You can NEVER be sure that you will actually own the home you’ve purchased and will go to bed every night wondering who’s going to show up the next day claiming that your home is actually theirs.

    It’s just not worth it.

    • chunga says:

      Naaah…it’s not that bad. NAR says now is the time to BUY!

      All you need is:

      Two or three jobs.

      Pristine credit to show your insolvent, bailed-out lender who is most likely the subject of multiple investigations and involved in thousands of lawsuits.

      Twenty percent down.

      And now factor in the cost of being sued because the home you bought was sold to multiple parties at the same time…lol.

      Of course – there is always that “Moral Contract” to protect you!

    • AliceN.Wunderland says:

      Right on. These stories need to be told and I am sure their are thousands we aren’t hearing about. People need to research that purchase and see what docs they are going to be signing at closing. Don’t trust anyone telling you that all is well, it isn’t. I can’t believe realtors are doing these deals. In my state we have sheriff’s sales with buyers snatching up those good deals. This is going to come back to bite them. Regarding the short sales..sue the realtors, the professionals that are selling you these homes with clouded titles…hold them accountable and make them do their homework.

      • AliceN.Wunderland says:

        And about those “Sheriff’s Sales”, I have heard that anyone that has any sort of security clearance cannot have a f/c on his/her credit report. I don’t know about my state but if I was the entity selling these homes on the courthouse steps I would be real concerned. The home you sell could be your own and affect your employment. Sheriffs best be looking into this mess and thinking twice about what they are getting themselves into. People must understand this securitization scam and most of the home loans made in the last decade are fraudulent. People must understand they are victims of this ponzi scheme and start researching their home loan docs.

      • lvent says:

        In the local paper Judicial Sales-Real Estate there is what I take as a warning to all of the parasites who want to buy these stolen properties that states clearly below the name of the attorney FISHER AND SHAPIRO AND FANNIE MAE. (It is advised that interested parties consult with their own attorneys before bidding at mortgage foreclosure sales.)

        Greed is one of the seven deadly sins and they should know that they are buying stolen homes.

      • AliceN.Wunderland says:

        I vent, wonder if the intent of the attorney statement is to let the county off the hook for clouded title. People should not buy them periord and best be seeking the advice of an attorney that ‘gets it’ if they have to have that good deal. Nothing good will result from paying cash for a fraudulent foreclosed home.

    • housemanrob says:

      I have been trying to convince an associate of mine who……..is just finishing school to get his brokers license and jump in the act…….that the title problems in our country are horrid and getting worse…….too many deaf ears!

  8. talktotennessee says:

    Don’t have all the detail here but smells like someone is going to get hung out and it might be more than buyer and seller! Always has to be a fall guy. Is ReconTrust being set up for something bigger? Have they filed for bk yet or something?

    • AliceN.Wunderland says:

      Well the way this happened, that they filed a lawsuit to correct the ‘mistake’ is incredible. They hired ReconTrust knowing full well that they would be forging docs. They got caught and of course need to go after anyone but the perp. Hundreds of thousands of fraudulent reconveyance equals hundreds of thousands ‘new loans’ that now can be foreclosed on..the banks must be celebrating another victory in the way they celebrate..lots of bonuses and all the other ‘perks’ they get. Are the judges paying attention yet..that house you paid off is not really paid off..hello.

      • AliceN.Wunderland says:

        “Are the judges paying attention yet..that house you paid off is not really paid off..hello”. Best to clarify, that loan you paid off never ever existed and if you start looking you will find this to be true. To un-convey a reconveyance on a non-existant loan..how will john the judge and jane the sheriff ever understand what has happened here. Stop these foreclosurers and start to unravel this fraud. The housing market will not recover until all the fraud has been revealed. Decades, this will take decades.

    • housemanrob says:

      I think the sale will be final……but cleaning up the title mess? My God…….glad I have no part of this one!

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