Due to a possible copyright issue, letter will not be posted. It also provides some information about sending a “Qualified Written Request” if you have any concerns over your loan.
IMO this might have to do with MERS… don’t ask why but it’s just a feeling…possibly due to now “defunct” America’s Wholesale Lender no longer around for MERS to act as nominee, many of these loans originated with AWL… Make your own determinations after you get a better picture… [see Full Deposition Transcript of ROY DIAZ Shareholder of Smith, Hiatt & Diaz, P.A. Law Firm and begin on pg. 58]
via Living Lies–
We are receiving reports that BAC is sending out letters declaring that they are transferring loans from BAC or Bank of America, the parent company as of July 1, 2011.
The question is why? It seems that BOA is starting to realize the title problems inherent in its takeover of Countrywide and the initiation of loans using money from investors who bought bogus mortgage bonds. There is no doubt that the fundamental defects in the original loans is starting to bother BOA and other banks, along with their shareholders and creditors. They managed to get the NY Federal Reserve Bank to issue a statement that was dismissive of such claims. But the Fed doesn’t decide contractual or property rights — that is the exclusive province of the judicial branch applying existing laws.
