Commissioners: Bristol County joining Norfolk, Plymouth counties in filing suits against MERS
Taunton — The Bristol County Board of Commissioners received a letter from Attorney Garrett Bradley notifying them that a complaint against Mortgage Electronic Registration Systems (MERS) was filed in Suffolk County on March 29.
Previously, the commissioners voted on Feb. 14 to file a lawsuit to reclaim millions of dollars from MERS for allegedly skirting public recording laws at the expense of the county’s three property registries.
Bristol County is joining Norfolk and Plymouth counties in filing lawsuits against MERS.
Commissioners have previously said the county won’t know exactly how much money they are looking to collect until the discovery process of litigation.
Rest here…
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Hello Barnstable County!!! Are you listening? I’ve been through the Registry, and have seen the fraud for myself. How about all the money this county has lost because of this? What are you going to do, when someone (like myself) is going to call you out on this???
Wake up people!!!!! Maybe I will send a letter to the Cape Cod Times. The amount of “foreclosures” here is beyond comprehension.
I find it sad that John O’Brien actually called me back when I needed some help, and my own Registry basically told me I was ( in not so many words) nuts.
Just sayin’.
The only titles that are safe and clear at this time are on properties that have not changed
hands in any manner for over 20 years. Anything younger than that is now suspect.
The only way to do a real estate transaction is in cash, where no debt is owed, and property
that has not been transacted on in any form or manner for over 20 years.
Plus these above transactions should NOT involve any bank or finance company. The
transaction should be between the seller and the buyer.
We need to let our Registrars know how many of us are aware of the fraudulent assignments being recorded.
Call yours and offer to help them look for robo signed assignments.
Most importantly ask them what can they do at their Registry of Deeds to stop the recording of fraudulent documents.
Look at your neighbors mortgage info on line and make them aware if they have a MERS mortgage and what it could mean to them.
I have done exactly that! Remember in 07 the CEO of MERS Mr. Arnorld said “we could not work without the public land records….” They are all complicent. These trusts that our homes are in are feeding these county credit unions and retirement funds. But don’t worry Mer’s is on its death bed, and not too soon either!
I am pasting a comment from someone from the Livinglies sometime earlier…and would like someone that has the answer to assist here…can the same mortgage, same property, same banksters file a lis pendis say 8 years ago naming a certain trust and then file another lis pendis again today same info as above naming another trust? Can morges and notes go into more than one trust at different times?
1. E. Tolle, on January 13, 2012 at 2:47 pm said:
Neil, I know you don’t answer comments like these, at least not like you used to in the beginning days of your blog when the banksters ran amuck and foreclosed on all us deadbeats at will. Oh, those days are still here years later? Imagine that, some things never change.
However, you have raised a subject repeatedly such as in the above post, where you state emphatically that:
“Your signature enabled the investment banks to sell your loan multiple times
On this subject, it would appear that Yves Smith differs from your view, when she writes in a comment:
No, the idea that loans went into more than one trust is very much exaggerated as a concern. ( Paul, is there any evidence otherwise?)Only one originator seems to have done this, and it wasn’t one of the biggies (I can’t recall the name now….). And even then, I suspect it was driven more by their mortgage brokers (the low-life firms did not have their own origination but used third parties) than an attempt by the originator to defraud (will check with my sources on this and may add another comment later). In the later stages of the bubble, you’d have, no joke, former pizza delivery guys becoming brokers. Some of them figured out they could make as much money selling the same loan 2-2 times as finding 2-3 borrowers for far less work.
The reason is that mortgage notes are actual documents, wet ink signatures, exempt from Federal digital signature law. The whole point of a securitization is to structure the cash flows. You can’t magically multiply the cash flows to have the actual cash go in multiple securitizations.
It’s hard to imagine that here we are four years down the road and we still don’t know what in the hell is going on, or at least, no one has been able to force the hands of the banksters to reveal their fraud.
The question was and remains, is there any definitive way to show whether or not a loan has been placed into multiple trusts, or simply sold multiple times? And if so, how? And if not, why not? And if not, how do we embarrass our reps in Congress into doing something about it?
How will the counties ever get their records kept accurate for all of us to depend on for 100’s of years accurate again?
I don’t know how anyone could issue a Title Insurance (Policy) Certificate guaranteeing ownership to any piece of property now.
The Title Insurance Companies heads must be spinning and I feel sorry for their old heads that have prided themselves on protecting, guarding the correctness of those records, some, for almost their whole lives!
Good morning John and Group,
I am in the computing field and with you wonder how these matters can and will be straightened out.
Time and time again we see reliance on automation and highly distributed use of computers with optimism that it’s going to be magic. Or even orderly. Or trace-able.
I won’t go on here about it but if there are other systems or communications (and society) people here it would be great to discuss (briefly) how systems flourish or degrade… and is here evicting people from homes and hurting families and individuals and communities too when invalid – which seems so often the case.
Best wishes, write if you wish, elders.in.foreclosure@gmail.com
– vote for Lisa for County Clerk.