MERS, LPS, MERS, LPS everywhere is MERS or LPS…

This involves Tywanna Thomas, who we all know worked for Lender Processing Services’ DocX. We learned a lot from the deposition of Cheryl Denise Thomas aka Tywanna’s Mother who also worked with her.

My San Antonio-

Ezequiel Martinez, a San Antonio real estate investor who helps homeowners avoid foreclosure, recently found himself in the same predicament as his clients.

Rather than simply fight to stop the foreclosure on his Live Oak investment home, Martinez filed suit against his lender, saying the mortgage should be voided because of phony loan documents and because he doesn’t think the bank can prove it owns the mortgage note.

If Martinez wins the case, he just might be done making mortgage payments on the house at 7502 Forest Fern.

“We’re not trying to get a free house,” he explained. “We’re trying to save the house from foreclosure fraud.”

© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com

When the banks get trapped and can’t get out of the hole, all they have to do is rely on MERS because 20,000+ Certified robo-signers Officers can sign, assign, release, satisfy any paperwork they want!

BTW, Whitney K. Cook is an employee of Chase Home Finance, located in Franklin County, OH.

My San Antonio-

In a strange twist in the ongoing saga of shoddy recordkeeping surrounding mortgage documents, Chase bank last month sued a San Antonio couple because they were mistakenly released from having to make any more house payments — nine years ago.

Chase filed suit in U.S. District Court in San Antonio last month against Ramiro and Delia Guerrero Jr. to rescind a mortgage-lien release recorded in 2002. The bank also wants the mortgage declared valid so the couple will have to resume making payments.

© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com

Pull the wool over the eyes.

In the last few days, more evidence has surfaced that will need to be addressed before it quickly becomes a bailout .

As it turns out, Robo-Signing is NOT showing signs of slowing down, regardless of any settlement. Lets step back and examine a few things that will make your jaw slam to the floor, “drop” would be an understatement.

For instance, Prof. Adam Levitin just found a big problem with those soon to be hired foreclosure fraud reviewers.

In his article the robo-signing problem continues to move forward, except only this time the pay jumped from $10/hr to $19 – $23/hr.  But wait it gets better…There’s other evidence that servicers are not stopping the practice anytime soon.

It doesn’t stop here…there’s more and you simply cannot make this stuff up:

In the wake of the robo-signing debacle, Stewart Lender Services is rolling out a foreclosure processing review to help servicers ensure foreclosures are compliant with state and federal laws.

[...]

“It’s really two things,” said Jason Nadeau, group president of Stewart Lender Services. “It is essentially having a third party come in to look over your shoulder.”

Stewart Lender Services is a subsidiary of Stewart Title Co., who is a shareholder of Mortgage Electronic Registration Systems, Inc. (MERS), the registry that’s the prime focus of the “robo-signing debacle”.

Still with me?

Does this seem like “It is essentially having a third party come in to look over your shoulder“? Guess a hen wouldn’t mind a wolf looking over his shoulder either [.]

Lastly, Lender Processing Services Inc.’s (LPS) current Senior Vice President Tim Anderson, was a former Vice President of Stewart Lender Services. LPS as you may already know, is also at the core of the robo-signing scandal.

Still with me?

Do you see a pattern? Until someone takes this epidemic seriously, the housing and the economy is not going to rebound at all.

Rememeber in order to pull MERS off… they needed support from

• Banks/Servicers
• Title Co.
• Insurance Co. and
• Government Sponsored Entities

… Pull the wool back over the eyes.

 

© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com

_Hmmm good reason for each & every county recorder to examine his/hers private residences don’t you think?

It’s a great time for everyone!

 

Journal Gazette-

FORT WAYNE – Allen County Recorder John McGauley knew property documents with suspect signatures were prevalent. After all, there were so many that a year ago the nation’s largest banks had to halt foreclosures to deal with the sea of paperwork that could not be trusted.

The problem was so big it spawned a new word to describe it: “robo-signing,” meaning offices filled with low-paid workers signing documents they had never read, documents they were not qualified to sign and often signing someone else’s name.

Still, McGauley was surprised to hear that robo-signing was not limited to foreclosure documents but was being found on thousands of homeownership documents having nothing to do with seized homes.

[THE JOURNAL GAZETTE]

© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com

To no surprise Alltell was part of this, if you dig deep enough you might also find they took some form with MERS.

Jax Daily Record-

After Jeff Carbiener resigned as CEO of Lender Processing Services Inc. in June for health reasons, the Jacksonville-based company promised a comprehensive search for a replacement that would take as long as necessary.

As it turns out, it didn’t have to look very far.

LPS last week named Hugh Harris to replace Carbiener. And it’s not the first time the company has turned to Harris.

LPS provides processing services to mortgage lenders through all phases of the loan process, from origination to foreclosure if the loan goes bad.

It’s a company that traces its roots back nearly half a century to a Jacksonville company called Computing & Statistical Services that was eventually bought out by Alltel Corp. in 1992.

[JAX DAILY RECORD]

© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com