In Texas we have noticed foreclosures in the name of MERS have suddenly become VERY rare. We haven’t run across one in several months. Does this mean MERS has vanished? Nope, but the mortgage servicers are downplaying the role of MERS and trying to shield MERS and themselves from the bright light. This means you [...]
Short Sale Nightmare: Seller & Buyer sued by Fannie Mae & MERS
July 14, 2011 By 1 Comment
SHOCKER!! Buyer of a short sale doesn’t own the property he just purchased (or does he?). Seller of the short sale paid off the wrong party (or did he?). The below email was sent to Neil Garfield at Living Lies. Sadly this is not shocking at we know of two other lawsuits where the seller [...]
MERS owns your mortgage or not?
March 8, 2011 By 1 Comment
MERS is the bane of homeowners who simply want to know who really owns their loan and who might really have their Promissory Note. The article below from the The New York Times highlights the flaws and misconduct that is going on behind the scenes and helps explain (in part) why you can’t easily determine [...]
Massachusetts Supreme Court case discussion. What does it mean for Texas?
January 17, 2011 By 1 Comment
The foreclosure defense advocates have been having a field day discussing the outcome and applicability of issues from the recent Massachusetts Supreme Court decision. Today’s guest post is from George W. Gore the founder and lead attorney for The Gore Law Firm. In this post he gives a quick overview of the case and the [...]
MERS look-up tool link added!
December 1, 2010 By Leave a Comment
MERS® InvestorID System is accessible to homeowners to look-up their loan. MERS (Mortgage Electronic Registration System) has made available to the general public their Servicer Identification System. While most folks know the name of the Servicer of their mortgage it now identifies the INVESTOR of the loan as well. It’s easy to look up your [...]
Bank of America’s mistake cost man his house!
September 23, 2010 By 6 Comments
Bank of America “accidentally” foreclosed on someone again! It has been a couple of months since they last did this so give them a break. Thanks to 4closureFraud.org for the awesome graphic! This poor guy bought a house, in CASH, which used to have a Bank of America mortgage and obviously that was good enough [...]
Disabled Vet tossed from home he was renting!
September 19, 2010 By Leave a Comment
This is really an unbelievable story but sadly, if you work in foreclosure defense, it’s all too often these types of railroading of people’s lives occurs. The folks at 4closureFraud.org did an OUTSTANDING job at digging into the screw job a disabled veteran got when a house he was renting was foreclosed. Of course the [...]
JPMorgan CHASE is in the foreclosure business, not the modification business
September 12, 2010 By 8 Comments
It’s simple, follow the money. Everyone understands the purpose of a compensation plan. Develop a plan that uses money to motivate a certain behavior. For the past several years we’ve been saying that the banks/servicers WANT to foreclose properties. It is the fastest way for them to generate fee income as well as convert [...]
MERS and Deutsche get butt kicked by NY Supreme Court
September 10, 2010 By 1 Comment
If you’re mortgage company claims that Deutsche has your loan courtesy of a MERS assignment saddle-up! MERS is again denied the ability to magically assign the deed of trust and/or note. This time it involves Deutsche Bank. Below is the info that was released today by Neil Garfield. Affidavits out of nowhere, personal knowledge by [...]
