Forget a 30 or 40 year mortgage term.  How about an 8,000 year term!    This is a GREAT example of the fraud and/or negligence perpetrated by many of the mortgage servicers and trustees.

REALTORS:  Whether you are assisting a homeowner with a short sale or loan modification, it will be for naught if the homeowner is foreclosed upon.     Stopping the foreclosure is critical and one of the best ways to do it is to leverage the hidden gems that appear in a forensic audit of the mortgage and current foreclosure process.

Don’t lose another home to a foreclosure.  Contact our office today!

Thanks to 4closurefraud.org for this interesting find.

- The Bank Slayer

Mortgage Fraud – DOCX, LLC - FEDERAL HOME LOAN MORTGAGE ASSN.

Action Date: March 9, 2010
Location: West Palm Beach, FL

ON MARCH 9, 2010, researchers for Fraud Digest easily found at least 10 Assignments, for combined loan amounts well over $2 million, with the Assignment Effective Date listed as 09/09/9999. These were all prepared by Docx, LLC in Alpharetta, Georgia, a subsidiary of Lender Processing Servicesin Jacksonville, FL. These are the same “document preparers/officers of too many banks” that prepared and filed Assignments where the grantor or grantee was listed as “Bogus Assignee for Intervening ASMTS” and also the same people who listed the grantor or grantee as “A Bad Bene.” All of these documents are witnessed and notarized (by other Docx employees).

Fraud Digest researchers are now attempting to quantify the number of Assignments (in the hundreds or more likely thousands) where MERS is stated to be the original mortgagee. If the assignment is not effective until 09/09/9999, many homeowners will be able to stay in their homes a VERY long time. Each of these assignments effective in 9999 was to the Federal Home Loan Mortgage Assn.

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Now I don’t know which is better, having a BOGUS ASSIGNEE, a BAD BENE or a somewhat official looking Assignment of Mortgage that isn’t effective until09/09/9999.

Funny how these types of things keep popping up in LEE County, home of Clerk of Court Charlie Green and his quote “there should be a way to foreclose quickly against deadbeats who are destroying neighborhoods by neglecting or abandoning their homes”

By Lynn Szymoniak, Esq.