MERS – TOO MANY DEAD DUCKS

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MERS – TOO MANY DEAD DUCKS

MERS – TOO MANY DEAD DUCKS

This is a very complex article with some excellent research behind it but here is some more info to share.

Update:

via Maine Attorney Tom Cox-

This article is fundamentally wrong. UETA applies to electronic notes, not to mortgages. Under UETA, no paper note can be converted to an electronic note by scanning, photocopying or otherwise. An electronic note exists as such only if it is created at such by the issuer’s electronic signature. The MERS eRegistry is only for electronic notes. Notes originally created in paper form are not, and never can be, registered on or transfered on the MERS eRegistry system.

The MERS eRegistry for electronic notes, and the MERS System for allegedly tracking the transfers or assignments of ownership of paper notes, are entirely separate systems performing similar but entirely separate functions. This article blurs the distinction and following its direction will not yield useful results.

I am a a foreclosure defense attorney and despise MERS, but I cannot stand by when misinformation is put out into the world.


Deadly Clear-

W

hile fishing for bank-related patents this gem surfaced and jumped into the net. At first it wasn’t apparent it was a keeper because the UETA issue has not been in the forefront of foreclosure defense. However, taking the time to dissect the document it became apparent that, as some of us have suspected, there is a mandatory methodology from the origination of the mortgage loan on a trip to the securitized trust that includes the EXPLICIT CONSENT of the obligor (homeowner).

Yup… The road to securitization needs an electronic record that the “issuer” aka the “obligor” has explicitly consented to at the time of origination. Yeah, ya think maybe that was the real intention of MERS aka Mortgage Electronic Registration Systems, Inc.? But it looks like it didn’t have all its ducks in a row. This is a lot to digest – but you need to know and understand this information in order to plead your case correctly before the courts.

As the third Mortgage Electronic Registration Systems, Inc. and the Trustees for the alleged REMIC trusts began filing foreclosure proceedings, fraudulent assignment of mortgages and other fabricated robo-signed documents began to surface. As a result, discussion and dissection of securitization and MERS dominated the court process.

[DEADLY CLEAR]

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



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