Posts tagged as:

who owns my mortgage

Massachusetts Judge ruling may put kink in foreclosure machine

by Moe Bedard

Apparently, banks and investors did not file necessary paperwork when they traded home loans with each other.  This becomes a bigger question as to who legally owns the loan.  Apparently Wells Fargo and U.S. Bank tried to fix the paperwork after the fact but this Judge would have none of that!

This new ruling clears the [...]

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MERS: Do Banks laugh at our state laws as they wreak havoc on our nation?

by Moe Bedard

Maybe our state Attorney Generals will have to take a look at this article and recent MERS cases. It looks like many state laws may have been violated on a massive scale in the sale of millions of securitized mortgages that were packaged, sliced, diced and then sold around the world.
Like these banksters did not [...]

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Court Ruling Upholds Foreclosure Sale Despite MERS’ Appeal

by Moe Bedard

In its ruling, the supreme court said that MERS was not a “contingently necessary party.” It added since Sovereign Bank didn’t register its interest with the county’s register of deeds, it had no rights in the foreclosure preceding.
In response to the ruling, MERS president and CEO RK Arnold said the firm was disappointed, but respected [...]

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U.S. Bank v. Ibanez – Thousands of foreclosures are invalid

by Moe Bedard

In late March of this year in the case of U.S. Bank v. Ibanez, Massachusetts Land Court Judge Keith C. Long issued one of the most controversial rulings in recent years which has called into question hundreds if not thousands of foreclosure titles across Massachusetts.
The Facts
In the Ibanez case, the Land Court invalidated two foreclosure [...]

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Brooklyn judge stands up to the banks, ” I won’t accept their comedy of errors”

by Moe Bedard

This is a great article from the New York Times about a Brooklyn judge who is standing up to the banks by making them follow the law. Imagine that? From the banks making bogus signatures to not proving they own the mortgage, Judge Arthur M. Schack does not let any lender funny business cause homeowners [...]

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Missing Mortgage Notes and Deceptive Mortgage Servicing: Wall Street Shell Game 101

by Moe Bedard

Millions of Americans are facing foreclosure and many have already suffered their foreclosure fates without ever even exploring options to save their homes. Most all homeowners just accept the fact that they have no other options but to leave and become a “renter” again.
What if you didn’t have to leave and all you had to [...]

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