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Rumors to the Contrary Notwithstanding, You CAN Take It With You! Defiled Land Records & Convoluted Chain of Property Ownership

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Rumors to the Contrary Notwithstanding, You CAN Take It With You!

Posted by L

Countrywide, Indymac, Lehman Brothers, First Magnus: DEAD. ALL LONG GONE.

Yet.

Yet.

Yet.

Apparently, these predatory financial institutions are immortal and
have assets to transfer, via their strawman tax-evading MERS, even in
2010.

So, is it ANY WONDER why there’s a bit of a problem working on loan modifications? It’s like talking to the dead! WELL, YOU ARE!

Again, PRESUMPTION OF FALSITY! Every word. Every document.

These are all MERS loans. Wonder what MERS says about ownership of
these loans? Ah, let’s find out! Easy enough to track back to the
mortgages filed in the public land records, check the MERS MIN number,
run it through MERS’s database here & let’s take a looksee….

Not to speak ill of the dearly departed, but is there some accounting flim-flam going on here?

Are these titles to American property a wee bit cloudy? Remember,
these assignments of mortgage were filed in both our courts and our
land records. Can we say FELONIOUS ACTS, Ladies & Gentlemen? This
is a level of arrogance and disrespect for the foundations of America.
Economic recovery will never occur if we define capitalism as “return
& reward for defrauding one’s customers, one’s investors, one’s
insurers, and violating the laws of one’s state & nation, and the
constitutional property rights and rights to due process”.

MERS’ reliability factor as an indicator of mortgage ownership appears to be highly suspect.

Yet.

Yet.

Yet.

Millions are rendered homeless based on MERS data.

Note how all the documents are executed by representatives of the
assignees, just signing nonsensical documents that transfer assets from
a myriad of dead institutions over to their employers who then
foreclose on American homes, evicting American families out onto the
street.

Note that MERS shows these loans as ACTIVE, so what too-big-to-fail
insolvent bank (or banks, could be several) is accounting for the
“value” of these non-performing assets on their fictional books? And if
any of these homes have a second mortgage, are those zero value assets
also on the books of some secretly insolvent too-big-to-fail bank at
some fantasy value to the tune of billions of pretend dollars?

Ask the banking industry any of these questions or to clarify the
maze of criminal fraud in the land records, and the indignant reply
will be, “It’s the borrowers. They aren’t paying.” (left unsaid is that
the borrowers wised up to the fraudulently inflated appraisals and are
demanding modifications to a realistic appraisal value based on true
market value, not fraudulent commission based appraised value. No one is
going to pay for a cubic zirconium that was fraudulently appraised at
diamond value.)
____

Assignment of a non-performing asset from the dead Lehman Brothers to Citimortgage. . Recorded on 8/9/2010.: MERS for Lehman 07.22.2010.pdf Lis Pendens filed 2 months later on 9/17/2010. Plaintiff is Citimortgage. Tepper 9.17.10.pdf

MIN:1000254-4000141305-0 Note Date:01/07/2004 MIN Status:Active
Servicer: CitiMortgage, Inc. Phone:(800) 283-7918
O’Fallon, MO
Investor: U.S. Bank as Trustee Phone:(651) 495-3853
St. Paul, MN

____

Assignment of a non-performing asset from the dead Lehman Brothers
to Aurora Home Loans (but MERS data shows HSBC to be the investor)..
Recorded on 8/9/2010 MERS for Lehman 2010 – 2.pdf Lis Pendens filed one week later on 6/28/2010. Plaintiff is Aurora Loan Services. Burns 6.25.10.pdf

MIN:1000254-4000266699-5 Note Date:09/01/2005 MIN Status:Active
Servicer: Aurora Loan Services LLC Phone:(308) 220-2240
Scottsbluff, NE
Investor: HSBC Bank USA as Trustee Phone:(212) 525-1592
New York City, NY

____

Assignment of a non-performing asset from the dead American Brokers Conduit to Citimortgage. Recorded on 8/9/2010 MERS for American Brokers Conduit 2010.pdf Lis Pendens filed two months later 9/28/10. Plaintiff is Citimortgage. Decker 9.2.10.pdf

MIN:1000242-0001196677-3 Note Date:03/10/2006 MIN Status:Active
Servicer: CitiMortgage, Inc. Phone:(800) 283-7918
O’Fallon, MO
Investor: This investor has chosen not to display their information.

____

Assignment of a non-performing asset from the dead America’s
Wholesale Lender to US Bank National Association as trustee for a
securitized trust (MERS’ conflicting data shows BAC Home Loans is the
owner) . Recorded on 8/9/2010 MERS for Americas Wholesale Lender 2010.pdf
Lis Pendens filed one and a half years before the assignment to
plaintiff on 1/6/09. Plaintiff is US Bank National Association. varvarikos 1.6.09

MIN:1000157-0005965514-8 Note Date:10/11/2005 MIN Status:Active
Servicer: BAC Home Loans Servicing, LP Phone:(800) 669-6607
Simi Valley, CA
Investor: BAC Home Loans Servicing, LP Phone:(800) 669-6607
Simi Valley, CA

____

Assignment of a non-performing asset from the dead Countrywide to US
Bank National Association as Trustee for a securitized trust (MERS’
conflicting data shows BAC Home Loans is the owner). Recorded on 8/9/10
MERS for Countrywide 2010.pdf Lis Pendens filed six months before the assignment to plaintiff 2.24.10 Zelman 2.24.10.pdf . Plaintiff is US Bank as Trustee for a securitized trust.

MIN:1001337-0002228379-3 Note Date:07/05/2007 MIN Status:Active
Servicer: BAC Home Loans Servicing, LP Phone:(800) 669-6607
Simi Valley, CA
Investor: BAC Home Loans Servicing, LP Phone:(800) 669-6607
Simi Valley, CA

____

Assignment of a non-performing asset from the dead Countrywide to
Bank of New York Mellon as Trustee for a securitized trust. Recorded on
8/9/10 MERS for Countrywide 2010 – 2.pdf Lis Pendens filed 6/16/08 over two years before assignment to plaintiff. Masot 6.16.08 Plaintiff is Bank of New York as Trustee for a securitized trust.

MIN:1000157-0005721090-4 Note Date:09/19/2005 MIN Status:Active
Servicer: BAC Home Loans Servicing, LP Phone:(800) 669-6607
Simi Valley, CA
Investor: The Bank of New York Mellon, N.A. Phone:(888) 999-0615
CYPRESS, CA

____

Assignment of a non-performing asset from the dead Countrywide to US
Bank as Trustee for a securitized trust. Recorded on 8/9/10 (MERS”
conflicting data shows BAC Home Loans is the owner) MERS for Countrywide 2010 – 3.pdf Lis Pendens filed on 10/22/2010, two months after the transfer to plaintiff US Bank as trustee Poon 10.22.10.pdf MERS databases listed a stranger to the foreclosure suit as the investor.

MIN:1000157-0006352517-0 Note Date:05/19/2006 MIN Status:Active
Servicer: BAC Home Loans Servicing, LP Phone:(800) 669-6607
Simi Valley, CA
Investor: BAC Home Loans Servicing, LP Phone:(800) 669-6607
Simi Valley, CA

_____

Assignment of a non-performing asset from the dead Countrywide to BAC Home Loans. Recorded on 8/9/10 MERS for Countrywide 2010 – 4.pdf
Lis Pendens filed on 10/9/09, eight months before the transfer from
one stranger to the foreclosure to another stranger to the foreclosure
suit. Plaintiff is Bank of America National Association as trustee for a
securitized trust. Sealey 10.9.09

MIN:1000157-0006169248-5 Note Date:04/23/2007 MIN Status:Active
Servicer: BAC Home Loans Servicing, LP Phone:(800) 669-6607
Simi Valley, CA
Investor: This investor has chosen not to display their information.

_____

Assignment of a non-performing asset from the dead Countrywide to Ocwen Loan Servicing. Recorded on 8/9/10 MERS for Countrywide 2010 – 5.pdf
Lis Pendens filed on 1/7/09. No one knows who the securitized trust is.
Not listed on MERS, not listed on the Lis Pendens. Where is the
post-foreclosure money going? Peklun 1.7.09

MIN:1000157-0006263603-6 Note Date:03/10/2006 MIN Status:Active
Servicer: Ocwen Loan Servicing, LLC Phone:(800) 746-2936
West Palm Beach, FL
Investor: This investor has chosen not to display their information.
____

Assets from the dead Indymac: MERS for Indymac Bank 2010.pdf No Lis Pendens or foreclosure case filed yet. Will have to check in a few months.

MIN:1000554-0120991462-3 Note Date:03/14/2005 MIN Status:Active
Servicer: OneWest Bank, FSB Phone:(626) 535-4887
Pasadena, CA
Investor: Deutsche Bank National Trust Company as Trustee Phone:(714) 247-6000
Santa Ana, CA

____

Assignment of a non-performing asset from the dead Indymac to HSBC as trustee for a securitized trust. Recorded on 8/9/10 MERS for Indymac Bank 2010-2.pdf Lis Pendens filed 9/29/08 in the name of Indymac Federal Bank.

MIN:1000554-0123584738-3 Note Date:06/26/2006 MIN Status:Active
Servicer: OneWest Bank, FSB Phone:(626) 535-4887
Pasadena, CA
Investor: HSBC Bank USA as Trustee Phone:(212) 525-1592
New York City, NY

____

Assignment of a non-performing asset from the dead Indymac to
Deutsche Bank National Trust Co as trustee for a securitized trust.
Recorded on 8/9/10 : MERS for Indymac Bank 2010 – 3.pdf
Two Lis Pendens and *****this one has three (one dismissed) foreclosure
lawsuits. Lis Pendens: one filed in one filed by mill FLorida Default
Law Group on 9/16/08 (doc not available but here is the withdrawal of
the case filed by Florida Default Law Group Abelha FDLG withdrawal 6.3.10.pdf), then one mill Daniel Consuegra on 7/22/2010 Abelha Consuegra 7.22.10.pdf and one filed by mill Albertelli on 8/4/2010 Abelha Albertelli 8.4.10.pdf . Both name Deutsche Bank National Trust Co as trustee for a securitized trust as the plaintiff.

Foreclosure cases in Palm Beach County: 502008CA027526XXXXMB and 502010CA017451XXXXMB and 502010CA019343XXXXMB

MIN:1000554-0122717895-3 Note Date:02/03/2006 MIN Status:Active
Servicer: OneWest Bank, FSB Phone:(626) 535-4887
Pasadena, CA
Investor: Deutsche Bank National Trust Company as Trustee Phone:(714) 247-6000
Santa Ana, CA

___

Assignment of a non-performing asset from the dead Indymac Bank to
Deutsche Bank National Trust Co as trustee for a securitized trust.
Recorded on 7/31/10 :: MERS for Indymac Bank 2010 – 4.pdf . Lis Pendens recorded 7/31/2010 the same day that the assignment to Plaintiff, Deutsche
Bank National Trust Co as trustee for a securitized trust. Bloom 7.31.10.pdf

MIN:1000554-0122484108-2 Note Date:12/22/2005 MIN Status:Active
Servicer: OneWest Bank, FSB Phone:(626) 535-4887
Pasadena, CA
Investor: Deutsche Bank National Trust Company as Trustee Phone:(714) 247-6000
Santa Ana, CA

___

Assignment of a non-performing asset from the dead Pinnacle
Financial Lending Corp DBA Tri Star Lending Group to Deutsche Bank
National Trust Co as trustee for a securitized trust (MERS’ conflicting
data shows Bank of America is the owner). Recorded on 8/25/10 :MERS for Pinnacle Stephan.pdf
Lis Pendens filed 7/22/2010 one month prior to the filing of the
assignment to Plaintiff, Deutsche Bank National Trust Co as trustee
under a securitization agreement. Hubscher 7.22.10.pdf Note two completely different financial institutions in the MERS database.

MIN:1000627-0132031525-8 Note Date:09/07/2005 MIN Status:Active
Servicer: EMC Mortgage Corporation Phone:(800) 723-3004
Lewisville, TX
Investor: Bank of America, National Association as Trustee Phone:(866) 904-6075
Chicago, IL

____

Assignment of a non-performing asset from the dead Taylor, Bean,
& Whitaker Mortgage Corp to Saxon Mortgage. Recorded on 8/25/10:
(MERS’ conflicting data shows IMPAC Mortgage is the owner) MERS for Taylor Bean Whitaker 2010.pdf
Lis Pendens filed on 2/24/2009 by Taylor Bean Whitaker. Note two
completely different financial institutions in the MERS database.

MIN:1000627-0132316473-7 Note Date:09/07/2005 MIN Status:Active
Servicer: GMAC Mortgage, LLC Phone:(800) 766-4622
Waterloo, IA
Investor: Impac Mortgage Holdings Inc. Phone:(800) 597-4101
Irvine, CA

____

Assets from the dead (this is Jeffrey Stephan’s boss at GMAC/Ally): MERS for Wachovia 2010 Kwiatanowski.pdf

MIN:1000137-0007831877-9 Note Date:03/01/2006 MIN Status:Active
Servicer: GMAC Mortgage, LLC Phone:(800) 766-4622
Waterloo, IA
Investor: This investor has chosen not to display their information.

____
These mortgages may not be registered in the MERS system. Sometimes
mortgages are signed into the MERS system at some point. Some of these
have an affidavit filed in the land records revealing the MERS MIN
number, but many are never disclosed as MERS mortgages.

Assets from the dead: New Century 2010 –not a MERS assignment.pdf

Assets from the dead: Wells as attorney in fact for New Century 2010.pdf
____

The FDIC turned Indymac Federal Savings Bank over to Onewest on
March 19, 2009. Well, MOST of the assets were turned over. These
“certain remaining assets” appear to be assets that the FDIC is
assigning over to other financial institutions in order to the assignee
to foreclose and evict a family from their American home. There was
that sweetheart deal afterall.

FDIC for Indymac in 2010.pdf

FDIC for Indymac in 2010 – 2.pdf

FDIC for Indymac in 2010 – 3.pdf

This sampling of assignments filed in the past 90 days transfer
assets from the dead Lehman Brothers Bank to several financial
institutions after the mortgage loan is purported to be in default.

* View LEHMAN BROTHERS BANK FSB CITIMORTGAGE INC 08/09/2010 ASG 23996 1142 20100292506 36 44 41 POR
* View LEHMAN BROTHERS BANK FSB CITIMORTGAGE INC 08/09/2010 ASG 23996 1150 20100292510 BOCA QUAY L53
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 08/09/2010 ASG 23996 1314 20100292587 NORTH LAKE WORTH B27 L16
* View LEHMAN BROTHERS BANK FSB U S BANK NATIONAL ASSOCIATION TRUSTEE 08/11/2010 ASG 24001 1985 20100296033 WEST PALM BEACH COMMERCE PARK CONDO U341-342
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 08/16/2010 ASG 24011 669 20100301778 PALMYRA EST L57
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 08/16/2010 ASG 24011 1482 20100302124 RENAISSANCE SECT 4 PL 1 L115
* View LEHMAN BROTHERS HOLDINGS INC CITIMORTGAGE INC 08/24/2010 ASG 24030 133 20100314591 MEADOWS PK L14
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 08/27/2010 ASG 24039 721 20100321064 BOCA CHASE 9A RPL B5 L5
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 08/27/2010 ASG 24039 723 20100321065 VLG PALM SPG 5 B59 L23
* View LEHMAN BROTHERS BANK FSB U S BANK NATIONAL ASSOCIATION TRUSTEE 08/27/2010 ASG 24038 1105 20100320386 LAKE WORTH B149 L18-20
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 08/31/2010 ASG 24045 1211 20100325137 MILANO CONDO BL4 U208
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 08/31/2010 ASG 24042 62 20100323069 NORTH FORK L26
* View LEHMAN BROTHERS HOLDINGS INC US BANK NATIONAL ASSOCIATION TRUSTEE 09/03/2010 ASG 24058 1095 20100333496 34 42 41 POR
View LEHMAN BROTHERS HOLDINGS INC ARGENT MORTGAGE COMPANY LLC 09/03/2010 ASG 24058 1092 20100333495 34 42 41 POR
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/04/2010 ASG 24059 1771 20100334188 THOUSAND OAKS B2 L208
* View LEHMAN CAPITAL U S BANK NATIONAL ASSOCIATION TRUSTEE 09/04/2010 ASG 24060 202 20100334281 ANTHONY GROVES 1 B3 L15
View LEHMAN CAPITAL VERICREST FINANCIAL INC 09/04/2010 ASG 24060 200 20100334280 ANTHONY GROVES 1 B3 L15
* View LEHMAN BROTHERS BANK FSB CITIMORTGAGE INC 09/08/2010 ASG 24064 1579 20100337478 JAMAICA LN L8
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/18/2010 ASG 24085 1834 20100351116 WESTWOOD GDN 2 L67D
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/18/2010 ASG 24085 1949 20100351143 KSNGTN PL L1

 

* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/18/2010 ASG 24085 1961 20100351152 DELRAY LK EST L58
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/20/2010 ASG 24088 259 20100352688 35 42 40 POR
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/22/2010 ASG 24093 1685 20100356538 TIMBERWALK 2-4 C58 UA
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/22/2010 ASG 24093 1687 20100356539 SOMERSET L34-B
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/22/2010 ASG 24093 1689 20100356540 BOCA RATON SQ U-2 B21 L18
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/25/2010 ASG 24102 1861 20100364461 COVE BRIAR BY CONDO U203 PH3
* View LEHMAN BROTHERS BANK FSB U S BANK NATIONAL ASSOCIATION TRUSTEE 09/25/2010 ASG 24101 1964 20100363830 BOCA CROWN CTR CONDO U400
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/27/2010 ASG 24103 303 20100364596 ESTANCIA 4 L37
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/27/2010 ASG 24103 307 20100364598 BELVEDERE ISLES CONDO 1 U222
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/28/2010 ASG 24105 1314 20100367132 ISL WELL 7 L50
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/28/2010 ASG 24105 1316 20100367133 WESTWOOD GDN 3 L78D
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 09/28/2010 ASG 24105 1318 20100367134 BOCA FALLS J L43
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 10/02/2010 ASG 24114 553 20100373342 SUMMIT PINES U-3 L200-A
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 10/06/2010 ASG 24120 347 20100378014 SABAL LAKES PH 2 B1 L80
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 10/06/2010 ASG 24119 979 20100377259 HOMES LEES CROSSING 9 L545
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 10/06/2010 ASG 24119 981 20100377260 06 45 43 POR
* View LEHMAN BROTHERS BANK FSB BANK OF NY MELLON TRUSTEE 10/08/2010 ASG 24125 1572 20100382617 LANTANA PLZ BA L12
* View LEHMAN BROTHERS BANK FSB CITIMORTGAGE INC 10/12/2010 ASG 24133 930 20100387588 LINNS ADD B95 L8-9
* View LEHMAN BROTHERS BANK FSB U S BANK NATIONAL ASSOCIATION TRUSTEE 10/12/2010 ASG 24131 427 20100385879 BOULEVARD BLDG CONDO U201-203
* View LEHMAN BROTHERS BANK FSB CITIMORTGAGE INC 10/20/2010 ASG 24148 1766 20100399400 PLEASANT HGT B2 L44-45
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 10/23/2010 ASG 24155 706 20100404454 JUPITER VLG L84
* View LEHMAN BROTHERS BANK FSB CITIMORTGAGE INC 10/23/2010 ASG 24154 1450 20100404065 INLET CITY B16 L7-8
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 10/28/2010 ASG 24164 767 20100411404 SUNSET PINES CONDO U35
* View LEHMAN BROTHERS BANK FSB AURORA LOAN SERVICES LLC 11/03/2010 ASG 24172 824 20100417055 SUGAR POND MANOR B45 L11
* View LEHMAN BROTHERS BANK FSB FEDERAL NATIONAL MORTGAGE ASSOCIATION 11/03/2010 ASG 24172 953 20100417095 SUNFLOWER CONDO U148

 

Pretty cool stuff, huh?

~

ForeclosureHamlet.org

 

 

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Sun, 11/14/2010 - 15:27 | 726231 metastar
metastar's picture

.

Sun, 11/14/2010 - 14:27 | 726180 tempo
tempo's picture

If you move to a third world country, you will be robbed, beaten, raped, and killed. 
A foreigner will now own your assets.   Try going to court in the 3rd world country.  Remember Hitler and the looting of country he conquered, even taking the gold teeth.  Leaving the US, not such a good idea.

Sun, 11/14/2010 - 13:01 | 726103 HCSKnight
HCSKnight's picture

Rumors or more Profiteering?

Here's a factual problem with this piece that is central to the problem of this issue not gaining more traction with people; "No one is going to pay for a cubic zirconium that was fraudulently appraised at diamond value."

The fact is someone did pay diamond prices for CZs, there were a lot who did.

Now, that fact does not change the other facts re MERS, fraudulent creation of MBSs, etc., nor does my pointing this out mean I side with those who are involved with the fraud that has gone on or continues to go on.  Truth be told I'd like to see all of them go to jail, hard time for a long time.

However, no one who writes thing like "No one is going to pay for a cubic zirconium that was fraudulently appraised at diamond value." is ever going to keep the respect or ear of those who are ignorant of what went on and is trying to determine who's lying and who's not, and who's trying to capitalize on this current situation and who's simply trying to shine the light of truth on something in the dark.

And if you doubt that to be the case you need to realize that smart, responsible folks know that virtually no one in this country fell into the group of "the borrowers wised up to the fraudulently inflated appraisals".  To assert such when a common back yard cook out converstation included discussions of surprise at the way the assement values of homes were going up, on how the ability to get equity loans on their increasing home values, on the latest home flip &/or fix up "reality" TV show.... etc.

It is utter garbage and a complete lie to characterize what happened as a "it's all the evil banker's fault"..... Each time I log onto ZeroHedge there's a little Swedish flag denoting the country in which the server resides.   Now maybe such socialist/communist political tactics and garbage fly in Sweden, but they do not in America.  In fact such BS results in Americans thossing the author of such assertions in the round-file.

In short, this piece is leading me to think the character, honor, and interest of the author of this piece is really no different than those who took advantage of what CRA bred and Greenspan poured gasoline upon.

And I'm not a banker, or a member of the mortgage industry.  Im a retired veteran.

Those who wish to see justice done must act with honor and without exageration or hype.

AMDG

HCSKnight

 

Sun, 11/14/2010 - 15:03 | 726218 MrPalladium
MrPalladium's picture

All true!! But none of what you say alters the fact that in the process of going after deadbeats, the bankstas are - right now with full knowledge - screwing up the titles of one third of the homes in America - all just to save a few dollars in filing fees required by law. In other words, they are inflicting large costs and headaches on future purchasers of those homes, and they are doing it deliberately. Perhaps it takes a lawyer who was actually awake in property law class to understand the damage that is being done - but damage it is.

And the fact that I volunteered in '69 has absolutely nothing to do with my - or your - credibility in any of this!!

Sun, 11/14/2010 - 15:40 | 726246 HCSKnight
HCSKnight's picture

Well Mr. Palladium, let's get two things straight.

#1, I clearly stated that my comment was not at all directed toward the malfescence of the bankers/finance industry or anyone else involved in the F'job of the mortgage/title mess.  Hence I was not attempting to address the facts you bring up, so I dont know who you are talking to on that point.

#2, my reference to military service was made for two reasons alone; first to make clear I have no vested interest for personal gain, financial or otherwise; second people who serve a full career in the military, it's a good bet they do so out of a calling for something higher than personal profit.  And yes to volunteer at anytime is noble.  But there are many who volunteer for a time and leave to chase dreams of wealth and or personal gain, not all but many.  None stay for twenty years out of a desire for personal gain or dreams of wealth.  So, IT DOES MATTER AND IT DOES GO TO THE QUESTION OF CREDIBILITY.  It is not a proof, but it does speak strongly to the question.  That you dont believe or understand that is a mistake that degrades and debases your service, and mine.  And that pisses me off.

That said, I believe we are both very much on the same side of this FEBA.

b/r

AMDG

Knight

Sun, 11/14/2010 - 12:02 | 726038 JimboJammer
JimboJammer's picture

Good  Job   go  for  it....!

Sun, 11/14/2010 - 11:36 | 726013 blindfaith
blindfaith's picture

I can tell you flat out, having been a both a RE broker and mortgage broker in Florida 20  years ago, that American have no concept, no understanding of what this does to the chain of title to ANY real estate that has ANY mortgage on it, regardless of whether the mortgage is up to date or not.

Every mortgage made for the last ten years is now suspect.  The chain of title on every piece of real estate with a mortgage is now suspect.

The ONLY property not suspect is property that has had NO mortgage on it for the last ten or more years...period.  No exceptions.

This situation has destroyed the full fudiciary faith in the quality of land ownership, the ONE thing that separated the USA from third world practices of an unknown party claiming an interest in your land.

The relative silence of the legal arm of the government is disturbing to say the least.  A constitutional learned President, says, in effect, let the sport continue.  The FBI should be all over this, why aren't they?

The unanswered question is:  is the rightful owner of your note receiving your mortgage payment, and if not, how do you recover money cashed and spent by the wrong party and receive full credit on your account.

This is enough to make every single person in America sweat bullets.  But the are not, why?

Sun, 11/14/2010 - 13:08 | 726108 HCSKnight
HCSKnight's picture

Spot on.  There's lots of roots to this situation, all come to rest on the destruction of the ethical and moral foundations of America.  So in that regard all American's share the blame. 

However, for justice to be served, the very things you point to must be addressed.

I for one think the judicial system itself, which has for decades run amok with its interpretive activism shares a far far greater degree of guilt in the state of this country's financial situation than most think.  When, if, the day comes that American's figure that out and IF it is costly, then the it is highly likely and possible that another Civil War/French Revolution moment will again spread across America.

Thomas Jefferson, who I'm not a huge fan of, had it right about both the printing of money and the spilling of blood.

I fear it's comming.

AMDG

HCSKnight

Sun, 11/14/2010 - 13:09 | 726090 G-R-U-N-T
G-R-U-N-T's picture

Because American's are not in enough pain yet. Pain will eventually motivate people into action. I would think that the level of change would be directly related to the amount of anger energy generated from the intensity of that pain.

It will be interesting to see what brings American's to the brink, the final straw that will erupt in enough unifying outrage to clean this mess up or doom ourselves into 3rd world minions.

Sun, 11/14/2010 - 10:45 | 725974 bugs_
bugs_'s picture

assets from the dead reminds me of the cook county illinois lesson.

you can be dug up, dumped somewhere, and your burial plot resold, over and over.

this example does seem like a microcosm of what has occured with MERS

Sun, 11/14/2010 - 11:02 | 725984 snowball777
snowball777's picture

Digging up new business. How entrepreneurial.

Sun, 11/14/2010 - 12:06 | 726042 bugs_
bugs_'s picture

Yes!  Its COLD CALLING on an entirely new level!

Sun, 11/14/2010 - 13:27 | 726117 Boxed Merlot
Boxed Merlot's picture

Every time you see an empty, vacant, foreclosed residence, think of it as the Levite's Concubine.  It may be an obscure biblical judicial reference, but still one of my favorites and in this case, a perfect simile. imo

 

Each house is a lifeless piece of flesh testament to the wild orgy of vileness and violence perpetrated by out of control Benjamites unable to keep their collective juices in control and now rallying together to try to justify their wantonness.

 

Sun, 11/14/2010 - 10:01 | 725941 Gordon Freeman
Gordon Freeman's picture

These threads are ridiculous.  What is scandalous in this unholy mess is that deadbeats get to live free, and every ordinary American knows this to be wrong.

I am not defending the bankers here, but the longer the deadbeats are allowed to squat, the longer it will take the market to clear.

The only winners here are the deadbeats and the lawyers--the rest of the society takes it up the ass, and (in threads like these) we're supposed to cheer for the ass-fuckers...

Sun, 11/14/2010 - 12:05 | 726037 blindfaith
blindfaith's picture

 Dear Master Gordon Freeman,

make sure you do not get any tears on your nice shoes as you righteously step over the women and children living in the streets.  Feel free to kick the man who has not lived up to your imperial standards.

Such a nice Christian attitude, throw rocks and stone the sinners...who cares to hear the stories, they are all worthless liars, thieves, whores...deadbeats the whole lot of them,  "So I sayth".

I can not begin to understand what sprit fills your heart. Blessed is the man that does not have it.

 

Sun, 11/14/2010 - 13:08 | 726109 Gordon Freeman
Gordon Freeman's picture

Bite me...

Sun, 11/14/2010 - 11:40 | 726015 MGA_1
MGA_1's picture

Very true, AND, begin to shut down the big banks that are holding all this toxic junk, AND how about getting back some of that taxpayer bonus stuff from the investment bankers ;-)

Sun, 11/14/2010 - 11:01 | 725982 snowball777
snowball777's picture

One might note that the shitty loans and inability to foreclose were instigated by the shoddy risk-management and notary fraud of the motherfucking banksters, idiot.

They are squatting this long because banks and servicers didn't do their jobs (or obey the damn law).

And lest you forget, this could happen to ANYONE with a mortgage now, not just people who aren't paid up on their note because say the fucking bankers caused a crisis that caused them to be laid off (yeah, they were WORKING and paying their morts in 2008, asshole).

Here's hoping you get to experience the world of the 99er firsthand.

(no, I don't have a mort and I'm employed and have been since the 80s, so stow that too, skippy)

Sun, 11/14/2010 - 13:06 | 726107 Gordon Freeman
Gordon Freeman's picture

Stow the personal attacks, shithead

Sun, 11/14/2010 - 12:45 | 726080 G-R-U-N-T
G-R-U-N-T's picture

For cryn' out loud the government has become very dilatory on justice because they recognize that without fraud in this day and age there would be no business.... :o

Sun, 11/14/2010 - 09:06 | 725913 Miss Expectations
Miss Expectations's picture

So, what's to stop me from setting up a mortgage company, hiring a bunch of real estate attorneys and robo signers and having Lehman's mortgages assigned to me?  Then I forclose and get free beach houses. 

Sun, 11/14/2010 - 08:46 | 725900 max2205
max2205's picture

Wow wow wow

Sun, 11/14/2010 - 03:07 | 725816 G-R-U-N-T
G-R-U-N-T's picture

Michael Hudson has written a book called The Monster about the Mortgage industry here's the intro courtesy of "Bob" on ZH ...

http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2010/10/25/how-a-gang-of-predatory-lenders-and-wall-street-bankers-fleeced-america-and-spawned-a-global-crisis.aspx

A little satire to ease the rage....Picked up the link from WB7.

http://www.youtube.com/watch?v=f7pMYHn-1yA

What Bud Abbott is to the banks/lenders/real estate brokers/real estate sales people/appraisers/escrow officers/real estate attorneys etc....etc...etc...Lou Costello is to those victims that were swindled.

Unbelievable the magnitude of this fraud.

And they're auctioning off Madoff's Possessions...The moral turpitude of it all....

 

Sun, 11/14/2010 - 00:53 | 725734 ebworthen
ebworthen's picture

THE ZOMBIES ARE COMING

Expatriation is looking more and more sane...

 

Sun, 11/14/2010 - 00:21 | 725699 obamaphobe
obamaphobe's picture

No different than the GM bk.  GM receivables and future receivables from vendor and dealer chargebacks went to the new GM.  Old GM gets the crap and new GM gets the dough.  Same old story, the takeover banksters get all the goodies and the taxpayer foots the bill.  Fucking chrony capitalism.   

 Nothing to see here, move along...

Sun, 11/14/2010 - 02:39 | 725817 CustomersMan
CustomersMan's picture

 

Any ADVICE on what people should do?

Sun, 11/14/2010 - 04:56 | 725855 honestann
honestann's picture

Yes.  And it should be obvious.

#1:  Convert all paper assets (dollars, stocks, bonds, etc) into real, physical, durable, valuable assets (gold, silver, platinum, palladium, nickel, farmland + equipment + seeds + animals).

#2:  Move to a rural part of another country (Panama, Nicaragua, Uruguay, Bolivia, Argentina, south-pacific island, mongolia, you-name-it).

#3:  Become as self-sufficient as possible, and make friends and collaborations with other nearby semi-self-sufficient folks who need what you produce, and produce what you may need.

Quite simple really.  Not trivial to execute, but not that difficult either.  Better get moving though... the countdown clock seems to be ticking faster every day.

Sun, 11/14/2010 - 12:16 | 726051 blindfaith
blindfaith's picture

I feel so stupid, why didn't we all think of this.
Item #1: I took my old tractor to the Dentist to trade trade for a filling. He would't take it.
Item #2 "you name it" does the USA now fit into the catagory of the other countries noted?
Item #3: if everyone does what you suggest then Kansas wil have more folks then New York and California combined..

Can you provide more details on how to get all these things done and clairify "Quite simple really. Not trivial to execute, but not that difficult either.".

Sun, 11/14/2010 - 22:15 | 726816 honestann
honestann's picture

item #1:  No you didn't.  Even you aren't that stupid.

item #2:  That sentence says "another country".

item #3:  I said, another country (not USSA).

But hey, most folks want to be slaves, so don't expect more than a few percent to abandon this Titantic before it sinks [into overt slavery].

Sun, 11/14/2010 - 14:17 | 726170 Maos Dog
Maos Dog's picture

Dude, seriously now...


I feel so stupid, why didn't we all think of this.
Item #1: I took my old tractor to the Dentist to trade trade for a filling. He would't take it.

Your dentist dosent eat or drink? Use the tractor to grow crops and trade that, or grow something to ferment.

Item #2 "you name it" does the USA now fit into the catagory of the other countries noted?

Some would say yes, for sure! Keep printing money!

Item #3: if everyone does what you suggest then Kansas wil have more folks then New York and California combined..

This country has HUGE WONDERFUL RURAL AREAS, GREAT growing seasons, abundant wildlife, tons of rural land available in places like the smokies, rockies, deserts, and, my favorite, the GREAT SWAMP! Your quality of life WILL improve!

Can you provide more details on how to get all these things done and clairify "Quite simple really. Not trivial to execute, but not that difficult either.".

It is trivial, many people on this board have done it. Start with "GRIT" and "Mother Earth News"

Sat, 11/13/2010 - 23:19 | 725643 moofph
moofph's picture

..."heck of a job" arnie.

Sun, 11/14/2010 - 10:46 | 725975 snowball777
snowball777's picture

Not that I voted for him, but Arnie got sandwiched between the two gerrymandered halves of the great state of Cali...personally, I think the people with the water (NorCal, coast) should secede and see if we can get by with ag imports while the central valley pounds sand and gnashes teeth in the Cali-vada desert.

Sun, 11/14/2010 - 14:48 | 726203 moofph
moofph's picture

...regarding MERS:

R.K. Arnold
President and Chief Executive Officer

...interesting point you make, however, different "arnie", sorry for any confusion fellow readers.

Sat, 11/13/2010 - 23:08 | 725635 pyite
pyite's picture

Why haven't we seen a RICO class action suit against MERS so counties can re-capture their lost revenue?

 

Sat, 11/13/2010 - 22:43 | 725598 Rodent Freikorps
Rodent Freikorps's picture

There is no honor among thieves. Who would have thunk it?

Sat, 11/13/2010 - 22:25 | 725580 Fred Hayek
Fred Hayek's picture

And you raise an excellent point in noting the tax evasion aspect of MERS.  The cost of recording a mortgage at the first registry of deeds at which I checked in Massachusetts is $175.

I'm not sure of all the prodedural details here.  Transfering a note shouldn't require recording a mortgage again, but for the sake of simplicity, let's assume the recording cost is the same.  At 3 or 4 transfers per mortgage, that would be $525 to $700 that the registry should have collected but didn't.  For just one house.  Out of hundreds of thousands in Massachusetts alone for which this is relevant.

If empty pantsuit Martha Coakley could ever rouse herself from the overpowering inertia from which she suffers, she would note that the Commonwealth of Massachusetts (like every other state) has been cheated out of a fuckton of swag.  Even corrupted nothings like her can understand the state's till not having some bills in there that it should have.

Why isn't that easy entry into the issue being used by AG's?

 

Sun, 11/14/2010 - 02:49 | 725820 CustomersMan
CustomersMan's picture

 

And if that were an individual instead of MERS there would be fees and penalties and interest on top. You know how they have those parking tickets and other tickets that multiply themselves over and over.

 

Fuck them, add them up, compounded with interest.

Sun, 11/14/2010 - 11:16 | 725997 jeff montanye
jeff montanye's picture

i'm no lawyer but it seems they also broke numerous laws that render the tax exemption of the remics void.

Sat, 11/13/2010 - 22:15 | 725575 Fred Hayek
Fred Hayek's picture

Truly, these ARE zombie banks!

Sat, 11/13/2010 - 22:14 | 725573 merehuman
merehuman's picture

retroactively yours.

Sun, 11/14/2010 - 15:46 | 726235 metastar
metastar's picture

I was wondering what that was off the coast of CA.

Sun, 11/14/2010 - 15:28 | 726234 metastar
metastar's picture

From a time when America was great...

Sun, 11/14/2010 - 10:40 | 725971 snowball777
snowball777's picture

Very cool...'specially the 'backdraft' at about :30

Sat, 11/13/2010 - 22:11 | 725569 mt paul
mt paul's picture

bunch of 

badger whackers...

Sat, 11/13/2010 - 22:12 | 725564 capitallosses
capitallosses's picture

Oh, not to worry, I'm sure there is a bankruptcy court order authorizing each and every one of those assignments from the DIP Lehman!

Sun, 11/14/2010 - 15:05 | 726206 G-R-U-N-T
G-R-U-N-T's picture

Janet Tavakoli interview...

http://vimeo.com/16572306

Do NOT follow this link or you will be banned from the site!