http://www.linkedin.com/pub/donna-thompson/8/68b/7b6

Dear Carolina, would you pls. contact me at my e-mail akilleragent1@hotmail.com I am having dealings w/ the same attys. thank you for posting this news of these crooks. mk

Years back the banks began to turn a mortgage into a commodity, with good paying mortgages, then they saw they were running out of this commodity, so the big banks, including Fannie & Freddie started approving loans to almost anyone and everyone, not so much to just give that person a home to have, but they were more concerned about creating more of the commodity. More securities to sell to investors. They even knew some home owners would not last several years or several months, as long as they could say to investors, “Hey, we have more mortgage backed securities to sell”.

Now, to sell all these securities, they would have to create a mortgage assignment which is normally recorded with the county land recorders office for a fee. Physically, that would take up too much time and money, so the big banks invented and created MERS,(Mortgage Electronic Registration System). This electronic service was only created to track mortgages sold and bought in the secondary securities market. MERS legally has no invested interest in the mortgage, so they truly are not able to transfer or assign the mortgage acting as a nominee of the loan. But they are! Wrong. The chain of title of the mortgage is broken right here at this very early stage. The mortgage/note has to be assigned from one owning entity to the next owning entity. MERS never owns the loan, but they are creating and are listed on assignments at the local land recorders office. Now that the mortgage was bundled, sold and bought back and forth with investors, no continuing assignments are recorded with the county recorders office. By not recording these documents, Fannie & Freddie & and all your Big Mortgage Servicing banks are saving millions-billions on recording fees, and possible taxes, etc.

What I have found was that the Servicer of the mortgage is listed with the county recorders office as if they own the mortgage, while Fannie & Freddie or other Big Banks are selling the bundled mortgages as securities. Kind of like a Pizza shop cooking pizza legitimately up front, and a mobster selling off investments in the back. (Racketeering). The Servicer up front really is not the owner of the loan, and they tell you this. They also admit that your loan is owned by Freddy or Fannie, or the Investors. So when the Servicer now tries to foreclose on a homeowner, they are not truly the owner of the loan, and you have to own the loan to foreclose!!! Many never even question the Servicer and walk away from their home. Now to foreclose as quick as they can, that’s where the robosigners come in. These people do not review anything in the foreclosure paperwork about the loan, but only sign a name on the affidavit page on thousands of mortgages to get the foreclosure going before any homeowners begin to catch on.

You see, its a matter of a quick process the Servicing banks want to achieve in order to get the property in their possession, only to sell it. The crazy thing is, when the originating bank gives the loan, then sells it to the 2nd bank which mostly ends up being the servicer, they again sell it to the 2 major players (Freddie & Fannie) and they sell the mortgage back securities to investors. So the servicing bank gets paid for the mortgage and still collects payments toward the mortgage and a percentage goes to the Servicer, Fannie & Freddie and the Investor. So they are all making money. Then the Servicing bank comes to foreclose and if they are allowed to foreclose they get the home without true ownership, even though the loan is actually sold off into bits and pieces to investors. I can go on further, but to conclude, if this were a murder case, I would call this act of the banks premeditated, not an accident. This was all planned out in order to reach the highest profit they could using the mortgage backed securities as a commodity, and have total disregard, deliberately, intentionally ruining the lives of millions of homeowners.

Google New story “Zombie Debt Refuse To Die” “MidFirst Bank/Handcuffed. Yes, I handcuffed myself to the Houston HUD office in 2011. They just covered for MidFirst Bank, saying the debt was still ours.

We filed a chapter 13 in 1995. This is 2011 and Midland Mortgage still services and attempts to collect the discharged debt for MidFirst to date. Our Attorney sued in 2008, 2009 the case was dismissed and judgment entered against us to accept their $40,000, sign their never before seen settlement agreement which include the re-payment of the already discharged debt. Our attorney did nothing, but collect $21,000.

Attorney Steven Leyh committed Fraud Up on The Court by filing 2, unsigned settlment agreements and stating to Judge Wayne Mallia that we made changes to them and agreed to sign them. We never saw them.

We face jail/fine if we dont sign, we appealled, it was Affirmed in the 14th Court of Appeals in 2011. There is a discharge order of 2000.

Where is justice? It show aint at the court house!!!! Prince Ella Green (pgreen019@comcast.net)

LAUGH THROUGHOUT TEARS:

– We have two events (good & bad) concerning our BANKS….
– What is good event?
– Everyone will be happy to sue them!
– And what is bad one?
– We have no COURTS willing to handle our Cases….

Dear JUST TRYING, where do you sue Bank of America (this is my enemy as well!)? If in Florida then it is useless: Fla. Courts are deeply corrupted…. You waste your time! It is National Corporation and you can sue them in ANY OTHER STATE and Venue will be appropriate. Good luck to you!

I am currently in the process of sueing my current lender. My originating lender AHM sold me my home and my contract states and i purchased an FHA loan through them I tried to refinance 3.5 years ago and found out through FHA I did not have an FHA loan. AHM knew this they sold my loan with in 90 days to Country wide. i notified them that I did not have an FHA loan and they jerked me around till they were bought by Bank of America who also in turn jerked me around and I sent in writting that my mortgage contract was no good they promptly sold my mortgage. I have a 7.125 interest rate and have been paying over 1100. per month for a 1000 sg foot house because no bank wants my contract even though i have never missed a payment. My contract and all the documents state I have an FHA loan and I do not. Nor have I ever. I wonder how many people are payin PMi and do not have a FHA loan and think they do because its on their contract. Everyone needs to check to make sure they have what they purchased …. and they have a legit contract. My is not worth the paper its written on.

Hi, “I vent”. The same story with my house. I filed a Case against Bank of America in 2008 and my ROTTEN house everyone wanted to buy!!! Ha-ha-ha! They were so-o annoing, that I answered all of them: MY HO– USE COSTS $7 MILLION! And they get lost!