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 [...]
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 [...]
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 – Are 62 Million Homes Legally Foreclosure Proof?
August 22, 2010 By 10 Comments
Yes, you heard it right. The movement against MERS, short for Mortgage Electronic Registration System, Inc., is picking up steam. In case after case, MERS is being more and more closely analyzed as to their role, or their “registration” system’s role in the ongoing foreclosure crisis. MERS related foreclosures may soon grind to a [...]
Chase produces a Fraudulent Assignment of Mortgage
May 4, 2010 By 1 Comment
J.P. Morgan Chase along with its attorneys cranked out some bogus docs or so it seems. These guys will stop at nothing to get their way. Thanks to 4closurefraud.org for posting this info. – The Bank Slayer J.P. Morgan Chase / LPS Produced a Fraudulent Assignment of Mortgage! Memorandum of Law of The United [...]
MERS – Who or What are they?
January 18, 2010 By 1 Comment
Recently we came across a great list of data points on MERS. Prepare to be overwhelmed with the purposeful confusion MERS aims to achieve. Articles specifically about MERS can be found here. MERS Basic Corporate Information MERS is incorporated within the State of Delaware. MERS was first incorporated in Delaware in 1999. The total number [...]
MERS – The shadow agent of the banks
January 18, 2010 By 5 Comments
MERS. You might have heard the word but what does it have to do with your mortgage? Look on your Deed of Trust or Note and see if it has a MERS # in the top right hand corner or if it mentions Mortgage Electronic Registration System (“MERS”). If so welcome to the club. Below [...]
