MESSAGE TO MEDIA: IT'S THE ASSIGNMENT OF MORTGAGES NOT THE AFFIDAVITS!

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MESSAGE TO MEDIA: IT’S THE ASSIGNMENT OF MORTGAGES NOT THE AFFIDAVITS!

MESSAGE TO MEDIA: IT’S THE ASSIGNMENT OF MORTGAGES NOT THE AFFIDAVITS!

Just a friendly reminder to you that you’re still missing the target by a looooooooong shot.

In order for anyone to have standing to foreclose in the first place one needs to perfect the chain of title.

An assignment of mortgage is the document which indicates that a mortgage has been transferred from the original lender or borrower to a third party. Assignments of mortgage are more commonly seen when lenders sell mortgages to other lenders. When someone has what is known as an assumable mortgage, it is possible for the borrower to transfer the mortgage to another person, in which case an assignment of mortgage will need to be filed to record the transaction.

Before anyone can produce any affidavits period…they first must have equitable rights transferred!

Please see links below:

LPS 101

MERS 101

FRAUD DIGEST by Lynn Szymoniak, ESQ

NEW YORK STATE COURT FORECLOSURE FRAUD CASES

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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2 Responses to “MESSAGE TO MEDIA: IT’S THE ASSIGNMENT OF MORTGAGES NOT THE AFFIDAVITS!”

  1. JohnR says:

    And since the Trusts holding these mortgage are REMIC Trusts, which are held to strict requiremenst within IRS Rules and Reg’s AND by the State of the Trusts incorporation, then they are static truses. As a static Trust, they aren’t ALLOWED to accept deposits into them PAST their closing date (which is usually about 90 adys after their inception) and if they do the legal ramifications are horendous for the Trust!

    So, the date of Assignment to the Trust, if past the Trust’s “cut-off date”, should also be brought to the attention of the Court as it is also an illegal action.

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