Comments on: MERS Suit Seeks Class Status | TREVINO et al v. MERSCORP, CITIGROUP, COUNTRYWIDE, FANNIE, FREDDIE, GMAC, HSBC, CHASE, WAMU, WELLS

By: Marcie

Marcie — Thu, 19 Jan 2012 18:41:55 +0000

The banks are ALL shareholders in MERS > http://www.mersinc.org/about/shareholders.aspx

By: Bobbi Swann

Bobbi Swann — Tue, 17 Jan 2012 15:32:14 +0000

In reply to Bobbi Swann. I emailed the attorney for the plaintiffs on this case and asked her for an update since this was filed in 2007. Oh, I am referring to the original posting here; not all of the comments that refer to something else.

By: Tony Nelson

Tony Nelson — Mon, 16 Jan 2012 22:49:15 +0000

In reply to Joan. The fact they said no further obligation on the note, is proof that you have legal recourse to own your home free & clear. I hope you win.

By: talktotennessee

talktotennessee — Sun, 15 Jan 2012 02:24:12 +0000

You are correct in saying that MERS is nothing more than a registry database, but the key is to get the law to recognize that fact. Until the courts are consistent on MERS standing I am afraid the banks have no choice but to continue to defend them because once MERS has vested interests in millions of loans as trustee, what do you do with that? Are the Court fair and honest enough to interpret the law fairly? Some are and some aren’t. This needs to go all the way the Supreme Court. I am afraid the banks have enough money to make their illegal actions legal and give standing to MERS.
I hope (and pray) that I am wrong and justice and truth prevails.

By: lvent

lvent — Sat, 14 Jan 2012 07:56:22 +0000

In reply to Joan.

WOW JOAN…Congratulations…! Were you in foreclosure? That is a scenario I have never heard of..hope to hear a lot more of this and a lot less of all the rest…!f they released the lien you are free and clear! That is great news!

By: Joan

Joan — Sat, 14 Jan 2012 07:26:21 +0000

I am happy to say I received a letter from my mortgage company (SPS/ MERS) they have informed me by letter, a decision was made to release the lein established by them or deed of trust and no further obligation is owed on the note. I am almost afraid to be happy for fear they owe me more than this. I will accept this for now. I had been complaining about my balance and payments rising when they sold my loan the last time. I never noticed it before this last time. But I am at least happy they have given back my home.

By: Bobbi Swann

Bobbi Swann — Sat, 14 Jan 2012 03:17:52 +0000

In reply to lvent. 2007 filing?????Where has it been for the last 4+ years? You would think something would be going on after filing this after 4 years! So what's the scoop on this????????

By: lvent

lvent — Fri, 13 Jan 2012 20:12:35 +0000

In reply to rictic. MERS is a nominee for the lender is another scam....there is lots of crazy stuff they thought they could make us believe.

By: rictic

rictic — Fri, 13 Jan 2012 19:59:49 +0000

In reply to lvent.

“MERS is not a bank….they cannot own a loan”
Vent so very true….. MERS is nothing more than a Computer Database and some software to access it… Thats it .. It is nothing more than that and MersCorp is the company that owns the database and the software…,

By: jamesForclosure

jamesForclosure — Fri, 13 Jan 2012 19:23:49 +0000

I am in! Where do I sign up? Also check this story out…This might be a post you want to throw up on the main board!….

http://online.wsj.com/article/SB10001424052970204409004577156881098606546.html?mod=djemalertNEWS

Bank of America Ponders Retreat

Bank of America Corp. has told U.S. regulators that it is willing to retreat from some parts of the country if its financial problems deepen, according to people familiar with the situation.

Executives at the Charlotte, N.C., financial giant put the potential move on a list of emergency scenarios submitted to the Federal Reserve last year, these people said. While people close to Bank of America insist that no retreat is imminent, even the possibility of selling branches and losing customers it spent huge sums to lure underscores the depth of its problems.

Among the 7,400 U.S. banks and savings …