D.C. Attorney General Peter Nickles Names MERS In Statement On Foreclosures

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D.C. Attorney General Peter Nickles Names MERS In Statement On Foreclosures

D.C. Attorney General Peter Nickles Names MERS In Statement On Foreclosures

October 27, 2010

Attorney General Issues Statement on Foreclosures in DC

Attorney General Peter Nickles issued an enforcement statement today describing when the notices used to commence foreclosures in DC may mislead homeowners and violate the District’s consumer protection law. The statement clarifies that a foreclosure may not be commenced against a DC homeowner unless the security interest of the current noteholder is properly supported by public filings with the District’s Recorder of Deeds.

A noteholder’s security interest in a DC home should normally be reflected in the public land records maintained by the District’s Recorder of Deeds. Under District law, in contrast to the laws of many states, each deed or other document transferring a mortgage interest must be recorded with the Recorder of Deeds within 30 days of execution. This requirement is not satisfied by private tracking of mortgage interests through the Mortgage Electronic Registration Systems (MERS).

The District has a non-judicial foreclosure process that begins with a Notice of Foreclosure on a form prescribed by the Recorder of Deeds. The form requires identification of a “Holder of the Note” and a “Security Instrument recorded in the land records of the District of Columbia.” According to today’s enforcement statement: “The homeowner who receives such a notice is entitled to presume that the recordation of the security interest complies with District law, and that each intermediate transfer of the security interest between the original maker of the note and the current holder of the note is documented in the public record.”

When a foreclosure sale notice misrepresents to a homeowner that the foreclosing noteholder has a recorded security interest, the homeowner may fail to seek legal help in determining whether there may be a good basis for challenging the foreclosure in court. Misrepresentations of material facts, when made to homeowners or other consumers, violate the District’s Consumer Protection Procedures Act, which is enforced by the attorney general.

The enforcement statement invites “homeowners or their advocates” to inform the Office of the Attorney General (OAG) if foreclosures “continue to be commenced or pursued with deceptive foreclosure sale notices” so that the Office may consider bringing enforcement actions to stop foreclosure proceedings and seek restitution for consumers.

A homeowner should not be misled into believing that a threatened foreclosure is supported by the District’s public records when it is not,” Nickles said.

Continued use of deceptive foreclosure sale notices may be reported to the attorney general’s consumer hotline at 202-442-9828.

Foreclosure Statement*

Source: Office of D.C. Attorney General

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7 Responses to “D.C. Attorney General Peter Nickles Names MERS In Statement On Foreclosures”

  1. In judicial states, if the properties were in the past illegally auctioned off, what rights do the people have that purchased the forged deeds?

  2. GLORIA IRIS TORRES says:

    MARILLYN

    NOT ONLY YOU HAVE THE RIGHT TO GET THAT BUT I WOULD NOT BOTHER, GO AFTER THEM AND SUE THE HELL OUT OF THEM YOU CAN GET YOUR HOUSE FREE AND CLEAR, DON’T HESITATE THIS CRIMINALS MUST PAY

  3. GLORIA IRIS TORRES says:

    CLAIM PUNITIVE DAMAGES, AND GET WHAT BELONGS TO YOU

  4. IRIS IN FLORIDA says:

    I PRAY FOR YOU AND ALL PEOPLE OUT THERE GO GO GO GO GO GO AND GET YOUR HOUSE BACK

  5. Whether it’s a MERS ISSUE or a VOID JUDGMENT ab initio, the end
    results are the same- PROPERTY WAS ILLEGLLY TAKEN FROM THE TRUE OWNER.

    Any MERS victim from the past, who can unravel the theft of his property, most likely will be confronted by a title company who insured the purchase of the fraudulent foreclosure.

    Fidelity National Title is trying to hide how they really ran their business from their investors, letting their investors
    believe the proper thing to do is fight for a FORGED DEED.

    After Astoria Federal S and L said in my case it’s indemnify, indemnify, indemnify I should not be spending years in court fighting Fidelity National Title , so that their bottom line looks good to their investors, nor should anyone else have this fight with Fidelity National Title or any other title company because the title company did not use due diligence.

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  1. […] This post was mentioned on Twitter by dB Zhivago of Armpit and kim thomas, DinSFLA. DinSFLA said: D.C. Attorney General Peter Nickles Names MERS In Statement On Foreclosures http://goo.gl/fb/U30ay […]

  2. […] Heh heh heh…. A noteholder’s security interest in a DC home should normally be reflected in the public land records maintained by the District’s Recorder of Deeds. Under District law, in contrast to the laws of many states, each deed or other document transferring a mortgage interest must be recorded with the Recorder of Deeds within 30 days of execution. This requirement is not satisfied by private tracking of mortgage interests through the Mortgage Electronic Registration Systems (MERS). […]


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