Okay all. You need to get on the phones and send emails on this one ASAP.
This can not be passed. This can not be the framework for things to come.
Spread the word! Email it, facebook it, digg it, stumble it, tweet it, repost it, etc.
If you live in Oregon, get over to the hearing and make some noise.
This is absolutely unacceptable!
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MERS foreclosure fix postponed but effort appears in jeopardy, legislator says
A bid by major financial institutions to retroactively waive Oregon recording requirements blocking foreclosure sales appears in jeopardy but will get at least one more day, a legislative leader says.
The Oregon House Judiciary Committee today postponed until Wednesday a hearing on Senate Bill 519 which largely deals with publicly subsidized housing in foreclosure. But an amendment to that bill introduced last week would relieve lenders of ensuring a property’s ownership history is properly recorded in public records before foreclosing outside a courtroom.
Committee co-chair Jeff Barker, D-Aloha, said after today’s hearing that the committee supports the bill, which protects affordable housing financing in units under foreclosure. A “dash-six” amendment to the bill, allowing public agencies to buy subsidized housing in foreclosure, also garners support, he said.
But Barker said he did not find support to pass a “dash-seven” amendment put forth Thursday at the financial industry’s request. That would rid the recording requirement that has hung up foreclosures across the nation involving the Mortgage Electronic Registration System, or MERS. Federal judges in Oregon have blocked such foreclosures, saying MERS failed to record them properly.
“From the people I’ve talked to, there’s consensus to move the dash six amendments but not the dash sevens,” Barker said.
Co-chair Wayne Krieger, R-Gold Beach, could not immediately be reached for comment.
Thursday’s amendment has drawn opposition from the National Association of Independent Title Agents and 90 percent of more than 900 readers voting over the weekend on an OregonLive.com poll.
Representatives of the Oregon Financial Services Association, the Northwest Credit Union Association and the Oregon Land Title Association support the bill, saying the fix is needed to remove a cloud on many foreclosure sales and lift the housing market. The American Land Title Association, Bank of America and other large banks own shares in MERS.
An affordable housing advocate today accused the financial industry holding the affordable housing bill hostage to fix MERS’s legal problems.
“They did an end-run around a centuries-old land recording system guaranteeing that we know who owns the underlying IOU on our property,” said Angela Martin, executive director of Economic Fairness Oregon. “They did an end-around around that and now it’s backfiring and they want a do over.”
Below are some reasons why this “FIX” is a bad idea…
Feel free to add your reasons as well…
- The proposed amendment is a transparent attempt to legalize an illegal and highly profitable violation OR law after being “caught” by OR citizens and judges.
- The existing OR law is intended to protect property owners, especially important in states with a non-judicial foreclosure process
- MERS data is wholly unreliable
- The Hooker decision was not judicial activism from a rogue Oregon BK judge. Here are previous recent MERS smackdowns by other Oregon judges:
https://4closurefraud.org/2011/03/06/oregon-foreclosure-sales-stopped-after-judges-rulings/ - Changing the current OR law to a MERS favorable position would not address the industry created clouded title problem for subsequent property owners or those with MERS satisfactions & thus does nothing to restore confidence in the authenticity of fraudulent property records.
- MERS is under investigation by US House, US Senate, federal banking regulators (FDIC, the Fed, OCC),
- MERS is the subject of countless civil lawsuits across the nation.
- MERS has a fraudulent corporate officer structure which has been thoroughly exposed, denounced, debunked, and discredited
- Loss of millions in recording revenue to counties.
- Oregon case study here: http://www.foreclosurehamlet.org/profiles/blogs/oregon-a-trio-of-floridian
Here are links to the reps…
Email addresses for each are on there individual pages…
Be sure to contact them on the issues…
House Judiciary Committee
Click here to return to individual Committee Pages
Committee Services Office:
900 Court St. NE, Room 453 Salem, Oregon 97301
Phone: 503-986-1813 Fax: 503-986-1814
| Committee Membership: | ||
| Jeff Barker, Co-Chair | Wayne Krieger, Co-Chair | Chris Garrett, Co-Vice Chair |
| Wally Hicks, Co-Vice Chair | Mary Nolan | Andy Olson |
| Mike Schaufler | Carolyn Tomei | Matt Wand |
| Gene Whisnant | ||
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4closureFraud.org
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Proposed Amendments to a-Engrossed Senate Bill 519
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Some rulings on why this “fix”
is being pushed
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A number of federal court decisions in Oregon raise questions about the legality of hundreds of foreclosures in the state:
Ekerson v. MERS, CitiMortgage Inc., et al
McCoy v. BNC Mortgage Inc., MERS, U.S. Bank, Finance America LLC, et al
Rinegard-Guirma v. Bank of America, et al
Today I sent a letter to all of the members of the Oregon House Judicial Committee highlighting many of the points in the article above.
I also got in contact with OR Representative Greg Matthews ( I know this guy personally). He made contact with the Co-Chair of the Committee whom stated that the provision is bad and is highly unlikely to be added to the bill.
The MERS amendment to SB 519 is dead…
http://www.oregonlive.com/business/index.ssf/2011/06/mers_foreclosure_amendment_die_1.html
Ok, I only had time to e-mail one guy and I cut and pasted your 10 points. Hope the people of OR score and the dirty rotten banksters don’t win.
ty
Isn’t this actually an attempt to create a law AFTER the fact that retroacitvely effects the outcome of that fact?
from WikiPedia..
An ex post facto law (from the Latin for “from after the action”) or retroactive law is a law that retroactively changes the legal consequences (or status) of actions committed or relationships that existed prior to the enactment of the law. In reference to criminal law, it may criminalize actions that were legal when committed; or it may aggravate a crime by bringing it into a more severe category than it was in at the time it was committed; or it may change or increase the punishment prescribed for a crime, such as by adding new penalties or extending terms; or it may alter the rules of evidence in order to make conviction for a crime more likely than it would have been at the time of the action for which a defendant is prosecuted. Conversely, a form of ex post facto law commonly known as an amnesty law may decriminalize certain acts or alleviate possible punishments (for example by replacing the death sentence with life-long imprisonment) retroactively.
Ex post facto laws are expressly forbidden by the United States Constitution.
In the United States, the federal government is prohibited from passing ex post facto laws by clause 3 of Article I, section 9 of the U.S. Constitution and the states are prohibited from the same by clause 1 of Article I, section 10. This is one of the very few restrictions that the United States Constitution made to both the power of the federal and state governments prior to the Fourteenth Amendment. Over the years, when deciding ex post facto cases, the United States Supreme Court has referred repeatedly to its ruling in the Calder v. Bull, 3 U.S. 386 (1798), in which Justice Samuel Chase established four categories of unconstitutional ex post facto laws. The case dealt with Article I, section 10, since it dealt with a Connecticut state law.
http://en.wikipedia.org/wiki/Ex_post_facto_law#United_States
Stop the Looting… Start the Prosecuting!
Oregon Citizens,
If you let this SB519 bill pass, the whole country will be screwed for ever. Once Oregon passed this bill, it will take precedence status and set the land field for MERS to go after the rest of the country. These dirty bastards wants to cover up all their wrong doing by legalizing all the back illegal foreclosures that have a huge cloud in the title, and they know they will not be able to sell all the millions of homes they took illegally from all the innocent people who never was disclosed through the title companies at close of escrow. Even the title companies should be held accountable for this actions because they knew about the whole cover up since they are also member of MERS. This is why they are taking a big action to support the passage of this bill because their hands are dirty in the mad along with Fannie Mae, Freddie Mac, and all the too big to fail banksters. Many title companies are reluctant to issue new titles to all the illegal REO from MERS because they know that these homes have a huge problem with their titles. People, read the article that the Chair from FDIC said last month. Mrs. Blair wrote a report to the President saying that millions of homes that were foreclosed illegally are toxic assets because of the cloud in the title. These are the homes Mrs. Blair referred in her report to the President.
If people keep buying REO’s because of the great deals they are getting, what are they going to do after the real owner with the original note shows up at their door and claim ownership of the property? Are these new buyers going to ask the previous seller for a refund of their money? or Are these new buyers/owners going to get a lawyer and suit the banks or servicers who sold them these toxic assets homes that are worth nothing if they do not have a clear title. Okay Oregon People and the rest of the country, please do something and don’t let this bill pass, otherwise you better dig your own grave and berried yourself under ground. The banks already have over 6 million homes in illegal foreclosure and if this bill pass, there will be another 6 million homes in foreclosure in the next two years, so by 2012 you will hear that more than 12 to 15 million homes are gone in foreclosure. If want more of this foreclosure madness, when do you think the economy will recuperate when the banks continue running their wild, wild west with no regards of the law.
God Bless Oregon and God Bless America.
you are so right Call and e-mail everyone you know to contact the Attorney general of Orgeon and the names of the represenatives listed in this artice and tell them Americans have awaken and we are policing their every move and Americans will not accept Fruad. We demand help and prosecution of the bankster gansters. Massive wave of contact does a lot. They like being in office and if they see were are not asleep at the wheel any more they will protect us. The banks can not buy our votes, they can just advertise and support the criminals that back corruption. It takes us to vote them in or out.
The camel has his nose under the tent! Watch for universal “fix.”
http://www.peoplefinders.com/search/searchpreview.aspx?searchtype=business-name&biz=WMC%20MORTGAGE&city=&state= THIS IS NAME OF MORTGAGE SAME PEOPLE TRIED TO MURDER US DOCUMENTED WELL I GUESS I DIDNT SEND FEDS FDLE INFO ON THIS BUT THEY WILL SEE IT ON PAPERWORK!!!! I KNEW THEM UNDER NAME DEAN MARCO DOREEN MARCO THEY HAVE MANY ALIASES THEYRE CONNECTED TO LEE FARKAS ROTHSTEIN MESS ETC!! BUT NO SIGNATURE EXCEPT FAKE LAWYER!!!!
GOOGLE THIS NAME GEOVANNY OR GEOVANNY OLAYA HHAHAHA THATS WHO PREPARED MY DOCUMENTS FOR MERS………NO SIGNATURE ON PAPER ANYWHERE EXCEPT FOR FAKE LAWYER FROM MOBILE ALABAMA IVE MAILED LALL THSI TO FBI FDLE U NAME IT THE PERSON STANOED MY ORIGINAL MORTGAGE FORGED NAME OF NOTARY OR WITNRESSES 4 TIMES LOL AND MUCH MORE I BETTER NOT TYPE LOOK UP THESE LAWYERS NOT TRHU GOOGLE BUT DIFFERENT WAY AND ALL ASSOCIATED BUSINESSES SAME PEOPLE TRIED TO MURDER US 6 TIMES THAT WE KNOW OF AL DOCUMENTED TOO ILL BE BACK WHERE IT SAY ASSIGNEE!
I THANK U FOR ALL INFO!