REVENGE OF THE DEBTORS – WHO CAN LEGALLY ENFORCE A MORTGAGE AFTER A “LANDMARK” CASE

“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 … Read more

This Judge “Gets It” Indymac Bank F.S.B. v Yano-Horoski

Indymac Bank F.S.B. v Yano-Horoski “Upon the Court’s own motion, it is ORDERED that the Adjustable Rate Note in the amount of $ 292,500.00 dated August 4, 2004 made by Diana J. Yano-Horoski in favor of IndyMac Bank F.S.B. shall be and the same is hereby cancelled, voided, avoided, nullified, set aside and is of … Read more

Defective Paperwork Strips Mortgage Holder of Foreclosure Rights NO. 09-CV-10988-PBS

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. and COUNTRYWIDE HOME LOANS, INC., v WARREN E. AGIN, TRUSTEE, A Massachusetts federal judge has upheld a bankruptcy court ruling allowing a trustee to treat a mortgage as an unsecured claim, which strips the mortgage holder of foreclosure rights, because of defective mortgage paperwork. 4closureFraud http://4closurefraud.org/ Tweet

EXECUTIVE ORDER 13519 ESTABLISHMENT OF THE FINANCIAL FRAUD ENFORCEMENT TASK FORCE

EXECUTIVE ORDER 13519 – – – – – – – ESTABLISHMENT OF THE FINANCIAL FRAUD ENFORCEMENT TASK FORCE By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to strengthen the efforts of the Department of Justice, in conjunction with Federal, State, … Read more

MERS, Mortgage Electronic Registration Systems and You

MERS,  Mortgage Electronic Registration Systems and You by Kevin Lamson Basic Corporate Information •MERS is incorporated within the State of Delaware. •MERS was first incorporated in Delaware in 1999. •The total number of shares of common stock authorized by MERSʼ articles of incorporation is 1,000. •The total number of shares of MERS common stock actually … Read more