Certain of the CA judicial rulings have now prevented the homeowners from establishing if the entity foreclosing is really the proper party.. In many cases, the public records show breaks in the chain of title. This clouds title. But the current standards on foreclosure defense, based on current state law have caused serious problems for homeowners trying to protect themselves from having their mortgage ‘hijacked’ and foreclosed upon by a stranger to the contract.

Servicers are creating documents that benefit themselves. They are still unchecked and unregulated.

My mortgage names the LENDER as a NY CORPORATION but the specific CORPORATION did NOT EXIST. That means there are no MERS resolutions for this ‘corporation’. But because MERS was drafted on the DOT, another corporation that was NOT NAMED in ANY of the loan origination process got the MIN numbers for the loans.

There is no proper connection between these loans and MERS, regardless of the fact that MERS was named as the ‘nominee’ and ‘beneficiary’.

The loans also indicate that the LENDER is to name any Substitute Trustee. Of course, what is occurring is the SERVICER uses MERS to name a SOT, regardless of the contract.

State laws need to be strengthened to prevent VOID CONTRACTS such as mine from being used to foreclose. [I’ve been told that a million loans were originated in the name of this corporation that did not exist, over a number of years – that is evidence it was not just a ‘mistake’. Court cases had been lost where that fake corporation tried to foreclose in it’s own name in CT before the date of my own loan origination. There was a financial advantage in naming the fake corporation as the ‘lender’ apparently.]

CA needs to PASS Kamala’s bill as is. It is NEEDED.