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MERS ACTION ALERT!!! | Oregon Fraudclosure "Fix" Postponed but Effort Appears in Jeopardy
Okay all. You need to get on the phones and send emails on this one ASAP.
This can not be passed. This can not be the framework for things to come.
Spread the word! Email it, facebook it, digg it, stumble it, tweet it, repost it, etc.
If you live in Oregon, get over to the hearing and make some noise.
This is absolutely unacceptable!
MERS foreclosure fix postponed but effort appears in jeopardy, legislator says
A bid by major financial institutions to retroactively waive Oregon recording requirements blocking foreclosure sales appears in jeopardy but will get at least one more day, a legislative leader says.
The Oregon House Judiciary Committee today postponed until Wednesday a hearing on Senate Bill 519 which largely deals with publicly subsidized housing in foreclosure. But an amendment
to that bill introduced last week would relieve lenders of ensuring a
property's ownership history is properly recorded in public records
before foreclosing outside a courtroom.
Committee co-chair Jeff Barker,
D-Aloha, said after today's hearing that the committee supports the
bill, which protects affordable housing financing in units under
foreclosure. A "dash-six" amendment to the bill, allowing public agencies to buy subsidized housing in foreclosure, also garners support, he said.
But Barker said he did not find support to pass a "dash-seven" amendment
put forth Thursday at the financial industry's request. That would rid
the recording requirement that has hung up foreclosures across the
nation involving the Mortgage Electronic Registration System, or MERS.
Federal judges in Oregon have blocked such foreclosures, saying MERS
failed to record them properly.
"From the people I've talked to, there's consensus to move the dash six amendments but not the dash sevens," Barker said.
Co-chair Wayne Krieger, R-Gold Beach, could not immediately be reached for comment.
Thursday's
amendment has drawn opposition from the National Association of
Independent Title Agents and 90 percent of more than 900 readers voting
over the weekend on an OregonLive.com poll.
Representatives of the Oregon Financial Services Association, the Northwest Credit Union Association and the Oregon Land Title Association
support the bill, saying the fix is needed to remove a cloud on many
foreclosure sales and lift the housing market. The American Land Title
Association, Bank of America and other large banks own shares in MERS.
An
affordable housing advocate today accused the financial industry
holding the affordable housing bill hostage to fix MERS's legal
problems.
"They did an end-run around a centuries-old land
recording system guaranteeing that we know who owns the underlying IOU
on our property," said Angela Martin, executive director of Economic
Fairness Oregon. "They did an end-around around that and now it's
backfiring and they want a do over."
Below are some reasons why this "FIX" is a bad idea...
Feel free to add your reasons as well...
- The
proposed amendment is a transparent attempt to legalize an illegal and
highly profitable violation OR law after being "caught" by OR citizens
and judges. - The existing OR law is intended to protect property
owners, especially important in states with a non-judicial foreclosure
process - MERS data is wholly unreliable
- The Hooker decision was not judicial activism from a rogue Oregon BK judge. Here are previous recent MERS smackdowns by other Oregon judges:
http://4closurefraud.org/2011/03/06/oregon-foreclosure-sales-stopped-after-judges-rulings/ - Changing
the current OR law to a MERS favorable position would not address the
industry created clouded title problem for subsequent property owners or
those with MERS satisfactions & thus does nothing to restore
confidence in the authenticity of fraudulent property records. - MERS is under investigation by US House, US Senate, federal banking regulators (FDIC, the Fed, OCC),
- MERS is the subject of countless civil lawsuits across the nation.
- MERS has a fraudulent corporate officer structure which has been thoroughly exposed, denounced, debunked, and discredited
- Loss of millions in recording revenue to counties.
- Oregon case study here: http://www.foreclosurehamlet.org/profiles/blogs/oregon-a-trio-of-floridian
Here are links to the reps...
Email addresses for each are on there individual pages...
Be sure to contact them on the issues...
House Judiciary Committee
Click here to return to individual Committee Pages
Committee Services Office:
900 Court St. NE, Room 453 Salem, Oregon 97301
Phone: 503-986-1813 Fax: 503-986-1814
| Committee Membership: | ||
| Jeff Barker, Co-Chair | Wayne Krieger, Co-Chair | Chris Garrett, Co-Vice Chair |
| Wally Hicks, Co-Vice Chair | Mary Nolan | Andy Olson |
| Mike Schaufler | Carolyn Tomei | Matt Wand |
| Gene Whisnant | ||
Can't believe I put this post together while chillin (drinkin) at our local spot in So FL watchin the Heat game.
GO HEAT!
www.4closureFraud.org
Proposed Amendments to a-Engrossed Senate Bill 519
Some rulings on why this "fix"
is being pushed
A number of federal court decisions in Oregon raise questions about the legality of hundreds of foreclosures in the state:
Ekerson v. MERS, CitiMortgage Inc., et al
McCoy v. BNC Mortgage Inc., MERS, U.S. Bank, Finance America LLC, et al
Rinegard-Guirma v. Bank of America, et al
»
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Face it. The banks are the ones who control all the elected officials, not the people. In very state the banks will get what they want, where their illegal foreclosures will become legal.
Tenn. just passed laws for the banks to help them out in foreclosures.
Elected officials are there for the banks and corporations not the people.
Hahahahaha! The whole MERS / foreclosure thing seems to have gone silent for months. Why? Obviously because the TBTJ banks have been spreading their lobbyists and money around trying to bail their sorry asses out. All that was done was done with the most expensive lawyers in town running these games. Sorry all you brilliant MF'rs, live with what you sowed! But consistent with the sellout of America to date, can I expect anything else than the bought and paid for politicians doing yet another bailout for the TBTJ's? The rape of the common man continues.
I don't think Linda Green works in Oregon.
If this camel's nose gets under the tent everybody is in trouble.
Im sooooo glad i dont own a home. I am a rent paying tenant who pays cash money every month. I bow down to kiss the hairy ass of my landlord and i am proud of it. My only issue is that its kind of rough on my face.
I grew up in Oregon.
A nice contrast of nature-loving hippie types and hardcore cut-em-down loggers. Went back to visit a couple of years ago after a long time away, and saw that the forests of my youth were cut down and sent overseas to line banker pockets. OUR NATIONAL FORESTS, sold off to line the pockets of the big boys, from subsidized leases from their buddies in Congress. Lots of pristine forest, turned to schwag.
They really ruined the place, heard that it picked up pace during the Bush years.
Anyway, stop whining about Oregon Real Estate scams.
You bought the California paradigm, thought it was okay to shell out 400 grand for a box, now live with it.
Bankers win, you lose.
Time spent complaining to House Judiciary Committees is time you've lost forever.........
it's not the oregonians who thought it was okay to shell 400g for a box.
so is it just the "dash 7" portion you have issue with? Can anyone answer on his behalf?
Sure can see why MSM is hushing MERS up so nicely... If only people knew....
Thanks for being on this.
You've really been keeping me and others up to date on MERS and the huge fraudclosure issue. I'm from Oregon originally. They didn't used to be so bad.
http://en.wikipedia.org/wiki/Ex_post_facto_law
An ex post facto law (from the Latin for "from after the action") or retroactive law is a law that retroactively changes the legal consequences (or status) of actions committed or relationships that existed prior to the enactment of the law. In reference to criminal law, it may criminalize actions that were legal when committed; or it may aggravate a crime by bringing it into a more severe category than it was in at the time it was committed; or it may change or increase the punishment prescribed for a crime, such as by adding new penalties or extending terms; or it may alter the rules of evidence in order to make conviction for a crime more likely than it would have been at the time of the action for which a defendant is prosecuted. Conversely, a form of ex post facto law commonly known as an amnesty law may decriminalize certain acts or alleviate possible punishments (for example by replacing the death sentence with life-long imprisonment) retroactively.
Why wouldn't this apply? Or, why doesn't the court system just go on and give MERS and the TBTJ banksters immunity from everything?
The ex post facto law has been held to apply only to matters for which a defendant is at risk of imprisonment. Less serious acts like stripping you of your goods and leaving you destitute in the street have no such protection.
Because the Judges and lawyers are still "negotiating" the bribe amount$? Welcome to "Change You Can Believe In", the American Way.........
How can you receive a bribe from your employer?
Ministry... just one fix... seems appropriate here.
http://www.youtube.com/watch?v=T2UA-7Q3ncU
NEVER TRUST A JUNKIE! or a politician, wall street banker, J.P Morgan, Goldman Sachs, Presidents, Ben Bernanke, Timothy Geithner, and the list goes on infinium...
The only way to fix Oregon, is to nuke it.
Sorry. You can't fix stupid.
oregon's a hellofa place, what with all the immigrants from the hard hit industrial states buying up real estate over the past few decades.. odd to call a state with industrial/tech/resource extraction stupid.. not spent much time there?
or, you could just go fuck yourself....what does that mean anyways? You don't like nice people, forests, beaches and mountains or you just angry at dirty hippies and take it out on Oregon?
Mynhair must be from California. We sold all that over priced real estate to those californians. But we got californicated in the process...
gh