This comes in from Naked Capitalism…
Federal Court in Texas Deals a Potentially Serious Blow to MERS
Texas is not exactly a consumer-friendly state, so the Federal court ruling in the Eastern District of Texas against MERS has the potential to have broad ramifications (note a Federal court in Texas will still have to look to Texas law and precedents on real estate matters). Oddly, even though this decision took place last month, it seems to have escaped the notice of most real-estate oriented sites until now. Hat tip to April Charney for highlighting it (literally and figuratively, she marked the filing that I’ve posted below):
Check out the rest here…
Copy of the ruling below…
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4closureFraud.org
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Kingman Holdings v. CitiMortgage & MERS
I just read that the banks are hiring people to break into homes they deem vacant or even ones obviously not and stealing their possessions as “left behind”.
This is beginning to feel like Nazi Germany.
My God isn’t there ONE honest person in power who will stop this before our country is destroyed? The media are not even talking about it.
We are starting the beginning of our court battle. The bank execs are going to fry in Hell for the misery they have caused. I think most Americans don’t even know this is going on.
And we just gave 2 billion $ to Egypt for their bid for freedom. Not that I don’t wish them well.
This looks like a “heads we win, tails you lose” deal for the banks and mortgage holders. If you have to be current and up to date on your mortgage payments to get quiet title, then the issue of the fraud becomes swept under the rug or of secondary importance. This is not good. Nor does it seem lawful to me, since the reason most homeowners are behind on payments is the dealings they have been subjected to by the banks’ fraud and predatory practices. So if you were preyed upon, now you are punished for it and the banks get a “get-out-of-jail-free” card since they are the ones with the money. We need to turn this machine around in the other direction and get some steam going.
COCONUTS HAHAHA OH MY!