Posted on 17 July 2010. Tags: assignment of mortgage fraud, back dated, dinsfla, djsp enterprises, false documents, falsification, FDLG, florida default law group, florida supreme court, foreclosure fraud, foreclosures, judge lynn tepper, law offices of david J. stern plantation florida 33324, Lender Processing Services Inc., LPS, Marshall C. Watson law firm in Fort Lauderdale, notarization, notary fraud, reprimanded, The Florida Bar
David J. Stern, whose law firm helps banks foreclose on homeowners, owns three boats and lives in this $15 million, 16,500-square-foot Fort Lauderdale home with a tennis court.
Continue reading the full story on this “Foreclosure Mill” here….TampaBay.com
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Stern Image Source: AmericansUnitedForJustice.org,
Home Source: Broward County Property Appraisers Office
© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com
Posted in CONTROL FRAUD, djsp enterprises, florida default law group, foreclosure, foreclosure fraud, foreclosure mills, foreclosures, Law Offices Of David J. Stern P.A., law offices of Marshall C. Watson pa, Lender Processing Services Inc., LPS, marshall watson, notary fraud, securitization, STOP FORECLOSURE FRAUD
Posted on 17 July 2010. Tags: April Charney, assignment, borrower, deed, dinsfla, Eviction, foreclosure, fraud, investors, lawsuit, legal, lender, mortgage, negotiability, origination, promissory notes, securitization, subprime, trustee, u.c.c section 3-309, ucc
A MUST READ!
via: 83jjmack
Copyright (c) 2010 Pepperdine University School of Law
Pepperdine Law Review
Author: Dale A. Whitman*
The premise of this paper is that the concept of negotiability of promissory notes, which derives in modern law from Article 3 of the Uniform Commercial Code, is not only useless but positively detrimental to the operation of the modern secondary mortgage market. Therefore, the concept ought to be eliminated from the law of mortgage notes.
This is not a new idea. More than a decade ago, Professor Ronald Mann made the point that negotiability is largely irrelevant in every field of consumer and commercial payment systems, including mortgages. 1 But Mann’s article made no specific recommendations for change, and no change has occurred.
I propose here to examine the ways in which negotiability and the holder in due course doctrine of Article 3 actually impair the trading of mortgages. Doing so, I conclude that these legal principles have no practical value to the parties in the mortgage system, but that they impose significant and unnecessary costs on those parties. I conclude with a recommendation for a simple change in Article 3 that would do away with the negotiability of mortgage notes.
I. The Secondary Mortgage Market
In this era, it is a relatively rare mortgage that is held in portfolio for its full term by the originating lender. Instead, the vast majority of mortgages are either traded on the secondary market to an investor who will hold them, 2 or to an issuer (commonly an investment banker) who will securitize them. Securitization …
Scribd
© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com
Posted in foreclosure, foreclosure fraud, note, originator, securitization, servicers
Posted on 17 July 2010. Tags: assginment of mortgage, Cheryl Samons, David J. Stern ESQ., djsp enterprises, executed, law offices of david J. stern plantation florida 33324, MERS, Mortgage Electronic registration Systems, no sign, Notary, zoraida rodriquez
I cannot comment, I am beyond words!
via: Chungas_Revenge
Cheryl Samons is an employee of David Stern Firm in Plantation Florida. The mere fact that she is signing documents representing the grantor when the grantee is the client of her employer’s law firm leads to questions and concerns, but:
How can an unsigned legal document get notarized and witnessed? (St. Lucie County, FL)
Bank of America took over Countrywide on June 3, 2009. How can Countrywide assign a mortgage on April 28, 2010? (Palm Beach County, FL)
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© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com
Posted in djsp enterprises, foreclosure, foreclosure mills, foreclosures, Law Offices Of David J. Stern P.A., MERS, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., robo signers
