By the way, has anyone considered that the loan modification companies may be in collusion with the banks? For example: What is stopping a fraudulant loan mod co. from keeping a homeowner “occupied” with loan modification while a bank continues with foreclosure?

My loan mod co. was pursueing negotiations with the bank, delaying foreclosure, and the next thing I knew I had an eviction notice stuck in my door. Even more amazing was the fact that I paid funds for a loan mod after the foreclosure took place because I trusted that the loan mod co. was doing their work. I didn’t know the foreclosure had taken place until I was told to get out!

These days anything goes…the god of greed has many worshipers.

signed,
A Realist

BEWARE: US MITIGATION SERVICES, AKA ALLIANCE, AKA ALLIANCE MITIGATION GROUP, AKA AMG DIRECT AND A FEW OTHERS I HAVE YET TO INVESTIGATE. ALL CONNECTED WITH EACH OTHER, (AND POSSIBLY WITH SOME OF THE BANKS)

Bob Sublime, since that was your last post on this thread you will probably not be responding to my comment. The fact that the mortgages are unsecure debts is my point. The truth is in the origination fraud. No I do not believe the banksters have the original notes nor do they exist any longer because they were never securitized properly, and they were copied and shredded. IT IS CALLED CYBER SECURITIES FRAUD. WHY??? The “lender” never perfect the collateral lien because there never was a lien because of the Ponzi Scheme and they destroyed the evidence of what they did by destroying the notes.. They needed collateral, that is all they wanted which was our signature on those notes. Our promise to pay and the money flow that was generated by our signature was the only security backing these loans. They never had any skin in the game. Fannie only invested 3-4 cents to every dollar of these loans. Their books are cooked with a lot of UNSECURED promises to pay a debt from a lot of people who they knew were bad risks and would fail and then they bundled up too much bad risk with a few good loans and sold them to investors as good as gold and that is how they set the good homeowners up to fail with the bad. THEY WANT A NATION OF RENTERS, THEY WANT NO REAL HOME OWNERSHIP, THAT IS PROVEN IN THE UTTER ARROGANCE OF MERS. THE LIARS LOANS…WERE JUST THE SET UP TO FAIL FOR AMERICA . .MERS destroyed the clear title for the pretender lender, but that is far from the only thing they did wrong and that is far and away not the only thing preventing them from fraudclosing.. THE PROOF OF WHAT THEY DID is in the ORIGINATION FRAUD and I do not mean the LIARS LOAN part. They were all LIARS LOANS because no loan was ever made and therefore no lien could have ever been secured. It was all a big con job. The loans were a fraud and never existed because of the PONZI SCHEME. Fannie and Freddie are the real culprits here. Those foreign owned and operated GSE’s, assumed many identities throught out this Ponzi Scheme and hid behind the scenes of the entire scam posing as every entity imagineable from even before the origination to fraudclosure. Our homes are paid for, and the American side of this PONZI SCHEME knows this is true. They made hundreds of trillions off of this scheme for themselves and their perps. This may be the biggest attempt at a foreign multinational takeover of America without the enemy ever firing a shot in U.S. HISTORY. I believe the begining of the massive cover-up for this PONZI SCHEME began on 9/11. When they flew those planes into those buildings they really flew those planes right into Wall Street. The foreigners hiding behind the scenes of this manufactured financial crisis and 9/11 are who hate our freedom and want no Sovereign nations. They do not want the American People to own anything but the debt they create out of thin air. Death to the Foreign Multinational Tyranny that have infiltrated and hijacked America through our own TREASONIST POLITICIANS and through institutions posing as American institutions, they are not American Institutions.

Old Hickory put the hammer down on banks as part of the solution…

http://en.wikipedia.org/wiki/Bank_War

Tim, yes I see this is happening. More and more the people in charge are getting it. Everyday I see this happening and it gives me hope. Now I wish they would just put a moratorium on all of this mess and start working on solutions.

I think courts are well aware of the situation. Some are kicking these dirtbags out of court, Others, i.e. FL unfortunately, have a “questionable” judiciary. In these cases, the docs need to be made public to the media. This would show that the judges still made “bad” decisions even though the fraud was properly presented to them. This would call out those judges whose judgment is “impaired”.

Tim, I am talking about what you refer to in the second paragraph. Send ‘the court’ copies of their robo-signed docs to that they can see that they are not immune to this scam. I remember serveral months ago that someone posted obama’s robo-signed docs, perhaps it was this site.

The people that think they are above the law have to know that they are affected and if We the People have to show them then that is what we need to do. I believe that is the only way we can make them understand how serious this is. Make ‘the court’ fix their own property records. I am really serious about making this personal We are all in this boat together and I don’t care if they are a judge, sheriff, senator, representative, lawyer, banker or whatever. If they continue on this path of illegally evicting people from their houses than let them see that they could be next. The Servicers don’t have an allegiance to anyone, that is quite clear. The people the Servicers are going after are just account numbers and the records are so sloppy that I believe it is quite possible that many people in the above mentioned professions have received some kind of notification and/or have had to do some pretty exotic leg work to get out of the proceedings. I just don’t believe that out of the millions of foreclosed on properties that all of the above have somehow eluded the process.

I don’t know how to create a database for something like this. I like your fist idea too, to give homeowners a heads up that the title to their property is tainted. This is why I tell people to come to this site and read the information here. People have to realize that they are not ‘deadbeats’…they are victims. I see so many people ‘hiding’ the fact that they are in foreclosure. They are so ashamed and feel they have done something wrong. I try to tell them they are not and to please read about the fraud.

An aside, I remember when I was in the mortgage business I dealt with people who have filed bankruptcy. They were so full of shame. Many didn’t want to talk about it and it way my job to make them tell me what had happened. These were good people that had experienced something bad in their lives and the only way out was to file bankruptcy. I didn’t look down on them, I just needed them to relive what had happened by writing a letter explaining everything. No big deal. (Certainly there were people that abused the bankruptcy laws and it was obvious by looking at the pattern on the credit report that they were most likely the ones who would do it again for convenience sake and this was a consideration on whether the loan would be approved or not.)

I also know that many people did intentionally abuse the loan system that was put in place in the last few years. I do believe however, that the people that used the system are a small percentage of the millions of honest, law abiding citizens that didn’t know. They just didn’t know. They didn’t know and how could they. They had no real estate background. They depended on the ‘professionals’ and they believed the ‘professionals’ were working for their best interests. Little did they know they were simply a dollar amount, someone’s commission.

I am just sick about all that happened and I can’t emphasize enough that people need to get over the shame they feel about loosing their homes. They should not be ashamed, this was a deliberate act to deceive people and use them to enhance a balance sheet and make a lot of money by a select few in the mortgage industry and on Wall Street.

Tim, I apologize, I misunderstood your response. I do see many here referring to the ones behind the scenes/the bigger picture and your response seemed to me to be responding to those postings. I sometimes find it hard to follow the threads so I am starting to use names when I respond so people know who I am talking to.

I worked in the mortgage industry for 25 years and that is where my knowledge comes from as regards clear chain of title. This is why I am so outraged over MERS. I see how they have destroyed title to every piece of real estate they have their name on. The people that got the brilliant idea of having a central database tracking mortgage loans didn’t have a clue what they were doing. Those people were bankers and title companies. I believe they got away with it for so long that they got careless and started to take a lot of shortcuts and just figured it really didn’t matter, MERS was bringing in big bucks from the pretender lenders to submit their loans to the MERS system. MERS also got the free use of employess of the lenders to act as employees of MERS and didn’t even have to pay all those ‘vice presidents’. (All those ‘vice presidents’ are owed some pretty big compensation in my opinion judging by the salaries paid to all the principals getting the huge bonuses we have been reading about.)

I am totally new to the secutization part of this and have been trying my best to understand all the ramificiations. I understand the Notes do not exist and I know that without a Note they cannot prove the debt. The fact that the Notes were never transferred to the Trust has to have caused much grief to the Trust. The Trust could be my relatives pension fund. (I have to break it down to a personal level and try to figure out how this will effect the balance sheet of the supposed pension fund.) I also am trying to understand the tax consequences that the Trust now has to deal with due to the fact the all the rules of PSA were not followed. That the Trust has no legitimate MBS’s must be causing the managers to have nightmares.

There are so many pieces to this puzzle that my brain is on overload. I just don’t see how this is going to get fixed. My main focus is on MERS and the fact that they intended to do all this transferring by means of their super duper computer database and bypass all the laws regarding recording assignments was a big fail and has come back to bite them.

I realize that my concerns have to do with the origination of the loans and the once legal process/documents required to show that the loan exists. The fact that the Investors had already purchased the loans prior to them even funding and that the amount they loaned was probably not even the correct loan amount , thus two closing statements, is something else all together.

I am also quite dismayed about the secrecy involved in disclosing who the Trust is. Why do they not want the public to know. I can only guess it would be because it was ‘our’ money being used once again and it was all lost because of this scheme. They have to answer to the people who put their faith in the managers of their pension fund and those managers didn’t follow thru by verifying that the rules of the PSA were followed. The just took someones word for it and entered a dollar amount on a spreadsheet with no asset to support that dollar.

I can understand why you would disagree about a homeowner doing the work of discovering which Trust the loan was supposedly put in but does it really matter at this point in time. The Trust doesn’t have the loan anyway, no one appears to have any legal ownership because of the way this was handled. MERS was the keeper of the records. MERS was the agency that was supposed to do all of this legitimately and they didn’t. The fact that TPTB want MERS to ‘fix’ their system is laughable. MERS can’t fix it now, they have destroyed it. That anyone believes this can be fixed is laughable. It simply cannot be unraveled.

I believe that the only solution at this point in time are actions to quiet title by everyone who has MERS on their recorded documents and if that means we own our property free and clear than so be it. This would be justice for We the People.

Thanks Tim. I did not take ir personally. You all have contributed to my education and I thank you all for it.
Fortunately, I do have a good attorney and my FCL case is coming up. Unfortunately he and Carol Asbury say that most probably my title issues cannot be pressed in original jurisdiction FCL court and the appeals court is where title slander claims would most probably be effective.
I agree with you that there is no guarantee of anything.
Thanks Again,
Bob