https://blogs.lotterypost.com/konane/2010/9/the-curtains-are-now-on-fire-mortgagembs-fr.htm konane's Blog: The Curtains Are Now On Fire (Mortgage/MBS Fraud) en-us Lottery Post RSS Generator https://blogs.lotterypost.com/konane/2010/9/the-curtains-are-now-on-fire-mortgagembs-fr.htm#c54669 https://blogs.lotterypost.com/konane/2010/9/the-curtains-are-now-on-fire-mortgagembs-fr.htm#c54669 Thu, 30 Sep 2010 15:22:40 GMT konane Thanks JAP! The problem Denninger is addressing is that to foreclose the bank must have wet ink documents on file and be able to produce them for the court in order to show legal ownership of the mortgage. These documents have been destroyed in many cases, therefore they are in violation of the law requiring wet ink documents. By using MERS as a holding entity for mortgage packaging and conveyance banks have also denied counties of recording revenues due to mortgages being conveyed several times but not being duly recorded. All that coupled with application documents having been destroyed and knowingly packaging mortgages which did not meet minimum requirements to have been issued, there is a significant problem with actual fraud. This is a mess which may take years to unwind.... [ More ]

]]> konane https://blogs.lotterypost.com/konane/2010/9/the-curtains-are-now-on-fire-mortgagembs-fr.htm#c54667 https://blogs.lotterypost.com/konane/2010/9/the-curtains-are-now-on-fire-mortgagembs-fr.htm#c54667 Thu, 30 Sep 2010 14:58:52 GMT JAP69 When a property is foreclosed on there are tenants rights as well as the homeowner having rights for time spans they can legaly occupy a residence after foreclosure based on who owns the mortgage.<br />In some cases the mortgage company will allow the tenant or homeowner foreclosed on to occupy the residence until transfered to a new owner. Must pay a prevailing rental rate in most cases.<br />Search S.896 and you will find one of them.

]]> JAP69 https://blogs.lotterypost.com/konane/2010/9/the-curtains-are-now-on-fire-mortgagembs-fr.htm https://blogs.lotterypost.com/konane/2010/9/the-curtains-are-now-on-fire-mortgagembs-fr.htm Thu, 30 Sep 2010 14:08:11 GMT konane The Curtains Are Now On Fire (Mortgage/MBS Fraud)

.......These officials argue that the companies filing foreclosure claims often did not have legal standing to kick people out of their homes and used forged paperwork to cover their tracks. ......

...........Housing experts say in general, fabricated foreclosure documents often indicate that banks and document processors have lost track of the papers that prove who owns a loan.......

http://market-ticker.org/akcs-www?singlepost=2190404

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Just Counterfeit Documents... No, Really!

......That's right - when the banks cannot manage to produce documents that show you were properly served (because you weren't) or when they can't produce a note they actually destroyed on purpose, they simply counterfeit something and present that to the court instead. ...

http://market-ticker.org/akcs-www?singlepost=2190795

... [ More ]

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