Tweet | Curtis Hertel Ingham County Register of Deeds “I am proud to announce Ingham and Branch counties have filed a class action against MERS for unpaid transfer taxes”
We need to somehow get at least one registrar of deeds in more states to file similar class action suits. Has anyone got the full current list of the states where a case was filed? Then we need to be pressuring the registrars to really JOIN IN and ASSIST with those who DO file
I know that even FL has a suit that was filed but the other registrars are apparently not even reading the suit.
We need to prod some of the county registrars into action. If CA would do something, they could get money back into the system to keep the teachers from being laid off. They are talking either closing schools to lower overhead by condensing the kids onto larger campuses OR forcing all school employees to take a wage cut. Even with a wage cut they claim to need to raise property taxes. Now HOW are they going to get that voted in when people can’t pay the rates we have now?
A better method would be to sue MERS, get money out of the BANKSTERS, stop the foreclosures, get housing values to stabilize and people back to work. I know that some do not see stabilization of the neighborhoods as the first step to getting out of the whole mess, but every one of those households, when they are solvent, regularly pays for a variety of services. The people would be buying goods and services to maintain those homes and properties. Those purchases in turn put other people back to work.
We need to prod more of the registrars to do what a handful have done. And for those who DO act, we need to pressure the other counties to JOIN in the effort.
Why would anyone modify a loan regardless of its terms without proof the one you are dealing with is the rightful owner of the note?
Heck, Joe—- the rag man would give you a great deal, low payments, etc. if you would start paying him.
In the future I predict lots of problems will arise when folks find out they have been paying the wrong company and the right one shows up demanding its money owed. Of course you will not be able top get your money paid to the wrong one back as they will bankrupt like many already have.
After all is said and done and it was a positive thing that OCCUPY brought the issues to the forefront of public opinion, we have to remember we are still in this fight and it is gaining momentum in some ways through registrars and courts. I always say the key to dismanteling the banks house party is to discredit MERS! MERS is on most of the deeds in some form. To call into question MERS standing in the Courts may paralyze the foreclosure process. I think the banks realize the danger and that is why they are hurrying to up foreclosure activity prior to sme of the legal activity that is now taking place across the country. Public opinion and talking up the legal activity encourages others to take similar legal action. You know how the ‘bandwagon’ works people! It is imperative we not lose sight of the original goal and that is to throw monkey wrenches into the forecosure action that is ‘stealing’ people’s homes. Story after story, I am hearing now of people honestly trying to modify loans in good faith only to be lead on, have their payments confiscated and still lose their homes just so a bank can collect excessive fees and still foreclose and recover from the REO after writing off the house.
The banks are scamming both investors and homeowners. Although they took a black eye from OCCUPY and the court of public opinion, their answer is not one of compassion, compensation or resolution. Their answer is to escalate foreclosure activity, particularly in non-judicial states where they are heavily into MERS as nominees. If they can get most of their shadow inventory out before MERS falls, I believe this is their new strategy.
The more suits that involve MERS the better chance they have in courts. Clearly they circumvented property law, the courts just have to recognize and rule positively.
Point of clarity: MERS is on almost all MORTGAGES since its inception.
It is almost NEVER named in the NOTE.
this is a very important distinction since it is the NOTE which grants someone authority to:
a. be paid
b. right to pursur foreclosure
Please get clarity on this ver improtant detail. It is the reason most foreclosures are not legal.
1. MERS has no authority!
2. MERS can’t ‘assign’ what it doesn’t have!
3. Chain of title has been broken!
4. Any securitized loan has been ‘sliced and diced’ so there is no longer a WHOLE LOAN which
anybody owns!
Things are moving along nicely and YES; YES and YES again, the lawsuits by Clerks of Courts are going to get the job done since they hit at the core of the issue.
To parse words, which I believe we must do, actually, “MERS” NEVER appears on any notes, but is on many, if not most, deeds of trust, mortgages… 😉
MERS and the MBA and their ilk has been winning the war by controlling the language, inventing or redefining words like “nominee,” “investor,” “servicer…”
We need to somehow get at least one registrar of deeds in more states to file similar class action suits. Has anyone got the full current list of the states where a case was filed? Then we need to be pressuring the registrars to really JOIN IN and ASSIST with those who DO file
I know that even FL has a suit that was filed but the other registrars are apparently not even reading the suit.
We need to prod some of the county registrars into action. If CA would do something, they could get money back into the system to keep the teachers from being laid off. They are talking either closing schools to lower overhead by condensing the kids onto larger campuses OR forcing all school employees to take a wage cut. Even with a wage cut they claim to need to raise property taxes. Now HOW are they going to get that voted in when people can’t pay the rates we have now?
A better method would be to sue MERS, get money out of the BANKSTERS, stop the foreclosures, get housing values to stabilize and people back to work. I know that some do not see stabilization of the neighborhoods as the first step to getting out of the whole mess, but every one of those households, when they are solvent, regularly pays for a variety of services. The people would be buying goods and services to maintain those homes and properties. Those purchases in turn put other people back to work.
We need to prod more of the registrars to do what a handful have done. And for those who DO act, we need to pressure the other counties to JOIN in the effort.
Why would anyone modify a loan regardless of its terms without proof the one you are dealing with is the rightful owner of the note?
Heck, Joe—- the rag man would give you a great deal, low payments, etc. if you would start paying him.
In the future I predict lots of problems will arise when folks find out they have been paying the wrong company and the right one shows up demanding its money owed. Of course you will not be able top get your money paid to the wrong one back as they will bankrupt like many already have.
So….in the meantime, the other counties in Michigan sit on their hands. Typical.
Mr. Hertel is our super hero!
After all is said and done and it was a positive thing that OCCUPY brought the issues to the forefront of public opinion, we have to remember we are still in this fight and it is gaining momentum in some ways through registrars and courts. I always say the key to dismanteling the banks house party is to discredit MERS! MERS is on most of the deeds in some form. To call into question MERS standing in the Courts may paralyze the foreclosure process. I think the banks realize the danger and that is why they are hurrying to up foreclosure activity prior to sme of the legal activity that is now taking place across the country. Public opinion and talking up the legal activity encourages others to take similar legal action. You know how the ‘bandwagon’ works people! It is imperative we not lose sight of the original goal and that is to throw monkey wrenches into the forecosure action that is ‘stealing’ people’s homes. Story after story, I am hearing now of people honestly trying to modify loans in good faith only to be lead on, have their payments confiscated and still lose their homes just so a bank can collect excessive fees and still foreclose and recover from the REO after writing off the house.
The banks are scamming both investors and homeowners. Although they took a black eye from OCCUPY and the court of public opinion, their answer is not one of compassion, compensation or resolution. Their answer is to escalate foreclosure activity, particularly in non-judicial states where they are heavily into MERS as nominees. If they can get most of their shadow inventory out before MERS falls, I believe this is their new strategy.
The more suits that involve MERS the better chance they have in courts. Clearly they circumvented property law, the courts just have to recognize and rule positively.
MERS is on most of the notes is what I meant to say.
Hi all,
Point of clarity: MERS is on almost all MORTGAGES since its inception.
It is almost NEVER named in the NOTE.
this is a very important distinction since it is the NOTE which grants someone authority to:
a. be paid
b. right to pursur foreclosure
Please get clarity on this ver improtant detail. It is the reason most foreclosures are not legal.
1. MERS has no authority!
2. MERS can’t ‘assign’ what it doesn’t have!
3. Chain of title has been broken!
4. Any securitized loan has been ‘sliced and diced’ so there is no longer a WHOLE LOAN which
anybody owns!
Things are moving along nicely and YES; YES and YES again, the lawsuits by Clerks of Courts are going to get the job done since they hit at the core of the issue.
MERS days are numbered.
mildred1150@gmail.com
To parse words, which I believe we must do, actually, “MERS” NEVER appears on any notes, but is on many, if not most, deeds of trust, mortgages… 😉
MERS and the MBA and their ilk has been winning the war by controlling the language, inventing or redefining words like “nominee,” “investor,” “servicer…”
Mildred, you stole my thunder by five minutes.