El Paso Lawyer Takes on MERS
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EL PASO – A local attorney is taking issue with a company that tracks mortgage ownership for millions of homes across the country. Richard Roman said Mortgage Electronic Registration Systems (MERS) is shady, and cheating El Paso County out of money.
Roman has acted as the defense lawyer in dozens of foreclosure cases, where MERS has been involved.
“There’s a lot of people out there that don’t understand, and are being victimized by the uncertainty that surrounds MERS,” stated Roman.
MERS’ own website says the company acts as the mortgagee and lender on deeds in county land records. Roman said, that especially becomes a problem when foreclosure comes into play, and a homeowner can’t determine who holds their mortgage.
“The question becomes, who has the right to foreclosure, and if we can’t even determine who the proper party is…then that corrupts the whole system,” said Roman.
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I am an attorney in California and am seeing the same thing.
The judges are granting the injunction to stop the foreclosure but are requiring “rent” be paid to the lender’s attorneys trust accounts. Interesting thing is these monthly checks are being cashed by the other attorney in only half the cases as certain banks don’t want to be accepting further payments. If you have a problem in California my contact info is joelacostaesq@gmail.com
MERS is shady and so is the ENTIRE mortgage industry. The mortgage fraud started way before we even went to the closing table, with the hyper=inflated appraisals and intentionally poor underwriting, then there is THE FANNIE/FREDDIE ORIGINATION FRAUD, THE INTENTIONAL NON ASSIGNMENT OF A LIEN TO THE DEEDS BECA– USE THE LOAN NEVER REALLY HAPPENED. THE MORTGAGE LOANS WERE ONLY FICTIONAL LIKE THE SPECULATION ON THESE VERY LOANS THEY SOLD AS MBS’s TO INVESTORS AS AAA WHEN THE MORTGAGE LOANS NEVER EXISTED the MBS’s WERE IN THEMSELVES A MERE SPECULATION THAT EXISTED ONLY IN CYBERSPACE IN THOSE PHONY ALGARHYTHMS. AND THEN THEY TOOK THAT MERE SPECULATION AND CREATED HUNDREDS OF TRILLIONS of DOLLARS OFF OF THAT SPECULATION UP ON WALL STREET. THE INVESTORS, PLENTY OF CONGRESSMEN I AM SURE, WERE HAPPY TO COLLECT FRAUDULENTLY INDUCED MORTGAGE PAYMENTS UNTIL THE DEFAULTS STARTED TO TRICKLE IN, SO THEY CRASHED THE MARKET BY STEALING OUR WEALTH, HID IT OVERSEAS, AND THAT WAS RIGHT WHEN THE HOUSING BUBBLE THEY CREATED WITH THEIR FRAUDULENT APPRAISALS AND LIARS LOANS BURST. THEN THE CRIMINALS BLAMED THE PEOPLE FOR BORROWING TOO MUCH AND ASKED FOR AND RECIEVED THE UNCONSTITUTIONAL TAX-PAYER FUNDED BAILOUT TO COVER THEIR CONIVING, ROBBING, PONZI SCHEMING, STEALING, LYING ASSES,,THEN CAME THE UNCONSTITUTIONAL NON’JUDICIAL FORECLOSURES, THE UNCONSTITUTIONAL FORECLOSUREFRAUD, THE UNCONSTITUTIONAL DEED-IN-LIEU SCAMS AND THE UNCONSTITUTIONAL SHORT SALE SCAMS. RESCIND OUR FAKE MORTGAGE LOANS, GIVE THE STOLEN HOMES AND THE STOLEN WEALTH BACK TO THE PEOPLE.
@ I vent
Please allow me to use a bit of friendly and constructive criticism. Using mostly caps makes your posts hard to read. Most people know it is considered rude online to use all caps, as doing so denotes shouting. I realize you are likely angry about this subject, as most of us are, but as with any heated communication, if someone is shouting, no one is listening.
It seems you have done a lot of research and you might know something important to me or someone else, but posting it in mostly caps is simply too hard for me to read on a computer screen. Would you mind releasing the shift key?
If you have a condition that makes it hard to cap when appropriate, then all lower case letters would be much easier to read.
Thanks.
Date: Monday, April 18, 2011
To: Counsel
Fr: Expert.witness@Live.com
Re: Debt Collector
Su: Federal Deposit Insurance Corporation (FDIC) Receivership Assistance Contractor
Herein is one of the service providers assisting the FDIC with past placement of legal services contractors. The company provides services for legal professionals that staff the Federal Deposit Insurance Corporation (FDIC) Receivership Assistance Contractors. They have been in business for more than 15 years.
I submit you use caution in how you approach these matters engaging legal services contractors that pose as debt collectors. Their engagements with the FDIC will allow them to take a more aggressive view towards claims made by Plaintiff’s, especially those suing Lenders that no longer exist.
At Expert.Witness we provides analysis and testimony that is not buying into Banksters and Bank misfeasance in foreclosure nor does it buy into foreclosure claims versus a Pro Tanto repossession of title to homes. Our continuing focus is on the debt collector’s as representing a charge or write down for a defunct lenders balance sheet and amount due that is now a burden on the tax payer. This is why some of the recent decision’s I have seen are not going to stay up very long if the D’Oensche Doctrine kicks in . It is also why I believe the future of MERS is here to stay as the only way and means of reviving a “cyber” loans to form and substance. MERS none the less serves the homeowner for claims that make MERS a victim of a material misrepresentation and support for your claim.
Every homeowner has rights and the civil right to due process. Some of the claims I see that are brought into a court are like the recent wave of mass joinder cases. They squander the victims’ rights on a frivolous claim
This organized national effort is an interesting form a forfeiture with no right to eminent domain hearing as the compensation received on a loan at settlement may act as satisfaction required to transfer title as part of the liquidation of the failed lenders inventory. Therefore the lenders obligation may be construed as a purchase money event. Repossession of title is likely drawn out over time in an orderly liquidation and by foreclosure in abstention. It’s a procedural effort critical for perfecting a claim by the FDIC against your lender bank.
You can talk yourself blue trying to make lawyers hear the message and rightfully so where it’s hard to release the idea of a conventional foreclosure. Repossession of failed banks assets, brought by the FDIC is permissible under the agencies repudiatory powers and power to stay a circuit courts decision for equitable claims. The claim is for transferring title away from the property to a receiver for bank management’s outstanding liability. The liability does not transfer to the successor bank.
The effort is none the less a tax payer liability which is transferring your home as a remuneration for an outstanding amount is due under TARP. TARP in my view is the missing link for capitation to take place. And the concept discussed here is the only logical way to shore up the missing capital piece for with the creditor is a receiver and the debt collector is coming after the real property asset to capitate the gap in losses
For more information as to personal views
MailTo:Expert.witness@live.com
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Federal Deposit Insurance Corporation (FDIC) Receivership Assistance Contractor
MMC has been awarded task orders to provide receivership assistance services and/or staff management and transition services to sixteen (16) failed financial institutions, including Washington Mutual Bank, IndyMac Bank, Franklin Bank, Bank United and Silverton. In 2008 alone, MMC has provided these services to failed financial institutions (receiverships) with assets totaling more than $343 billion and deposits totaling more than $210 billion. The staffing of receiverships has varied from as few as ten (10) personnel to more than five Hundred (500). An intrinsic part of the responsibilities include matching of staff to the size of tasks and replacement of staff in critical areas. Since many of these institutions have numerous subsidiaries in a variety of industries, staffing includes supporting all subsidiaries, including hospitality, real estate, construction, leasing, automotive dealerships (including maintenance), utilities, brokerage, insurance, and financial services.
Expert.Witness
Until all of the Fraudsters go to jail including all of MERS, the Fraud will continue…..