For Immediate Release
| JOHN L. O’BRIEN, JR. Register of Deeds Phone: 978-542-1722 Fax: 978-542-1721 website: www.salemdeeds.com |
Commonwealth of Massachusetts Southern Essex District Registry of Deeds Shetland Park 45 Congress Street Suite 4100 Salem, Massachusetts 01970 |
NEWS
FOR IMMEDIATE RELEASE
Salem, MA
April 14, 2011
Contact:
John O’Brien, Register of Deeds
978-542-1722
In light of the action taken by the Department of Treasury, The Federal Reserve, Federal Deposit Insurance Corporation, Office of the Thrift Supervision and the Federal Housing Finance Agency, whereby they issued a Cease and Desist Consent Order against the Mortgage Electronic Registration Systems, Inc. “MERS”; Essex County Register of Deeds, John O’Brien , who has been leading a national effort to ensure that MERS and its member banks including Bank of America, J P Morgan Chase and others, be held accountable for the damage that they have inflicted on the land recordation system and their failure to pay recording fees, said that he is very encouraged that this action has been taken. O’Brien, however, cautioned that this is just the beginning of a very long process to ensure that these banks are held accountable both monetarily and legally for the damage that they have done.
O’Brien, along with Register of Deeds, Jeff Thigpen, of Guilford County, North Carolina, have asked that representatives of the Registers of Deeds across the nation be given a seat at the table during any discussions with MERS, its member banks and any and all government agencies. “It is imperative that we make sure that our voices are heard. As Registers, we have the responsibility to ensure that our records are accurate. We must never lose sight of the fact that millions of homeowners across this country have had their chain of title compromised. This is a very serious issue which needs to be addressed. In addition, MERS must be held accountable for their failure to pay billons of dollars in recording fees. Fees, I might add, that everyone else is required to pay. We will continue to lead this fight to make sure that these issues are not swept under the rug and settled for pennies on the dollar. The taxpayers must be made whole, and the homeowners must be guaranteed that their chain of title is accurate.” said O’Brien.
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There were, that I know of, 3 qui tam suits filed bringing this cause of action before the bar. 1 in Tennessee followed by 2 sister suits filed in California. http://www.scribd.com/doc/31137181/Tennessee-vs-Mers-Mortgage-Electronic-Registration-Systems-April-20-2010-RECORDING-FRAUD-FRAUD-SHAM
I just really don’t believe there is a way to fix this. To me is it is a like a bunch of jig saw puzzles all jumbled together and someone has to start to unjumble them, which will take years. Those poor people at the top trying to act as if they know how to fix this. All those government agenceis that don’t know a thing about the mortgage business pretending they are going to fix this. Everyone pointing fingers at everyone..yelling fix this..fix this…HELLO…IT CAN”T BE FIXED…you all broke it real good.
Just wondering how these institutions brought settlements with MERS, when MERS is not a fiduciary, and cannot involve itself in banking under Delaware’s Corporation Law. Is this an admission that MERS was involved in banking, and therefore was in violation of its certification? This is interesting and should be investigated more thoroughly. They fought hard in Nebraska claiming that were not involved in banking or mortgage brokering, so should not be under those rules. They prevailed in that action. This settlement seems to contradict there arguments.
They should also feel the penalty of NOT being able to act against ANY ‘Mortgage’ or Deed of Trust where MERS was used to circumvent normal procedures and fees. DOESN’T that circumvention itself, render the Notes, Deeds, etc, NULL and VOID? (Or at least remove the security interest or lien?)
until califpornia is doing ANYTHING to rectify the aberration of property rights NOTHING else is going to change.
the Ag’s will sell every state out for $ that will only line their own pockets & leave the homeowners with NO RECOURSE.
Every county in every state needs to claim their due money in recording fees!
Maybe when he’s done with them in his state maybe he can educate the rest of these nimrods on how it’s supposed to be.
Go for the money Mr. John. teach MERS your state will not take their flim-flam ponzi scheme and cheating the state out of billons of dollars. You know you will have to sue to get a penny. File the suit Sir. Get the paper work rolling. Server the criminals. Watch the rats flee the sinking ship. Then go after the assets of MERS before they begin to conceal them and dispose of them. Go Mr. John. GO! Let them know there is one Irish man who respects his heritage and refuses to be made into John O’Stupid.