IN THE COURT OF COMMON PLEAS
GEAUGA COUNTY, OHIO

STATE OF OHIO, ex.rel.
DAVID P. JOYCE
PROSECUTING ATTORNEY OF GEAUGA
COUNTY, OHIO
Courthouse Annex, 231 Main St. Suite 3A
Chardon, Ohio 44024

On behalf of Geauga County and all others similarly
situated,

Plaintiff,

v.

MERSCORP, INC.
1818 Library Street, Suite 300
Reston, Virginia 20190

and

MORTGAGE ELECTRONIC REGISTRATION
SYSTEMS, INC.
1818 Library Street, Suite 300
Reston, Virginia 20190

[...]

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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.

Talk about stress! Read all about Keon Williams here, then catch up on the latest developments.

JSOnline-

A six-month reprieve has been issued to Keon Williams, the north side man whose home was sold at a sheriff’s sale in January even though he is current on the only mortgage he knew he had.

The agreement filed in court Monday between Williams and attorneys for Harris Bank prevents the bank from concluding its purchase and evicting Williams from the N. 44th St. home until Nov. 12.

There is a new development to Paying on time, yet facing eviction: an ex-Marine caught in the mortgage meltdown…

From JSOnline-

Keon Williams’ fight to keep his house has taken another strange twist: The Milwaukee man arrived home Monday night to find that the locks had been changed on one of his doors on orders from Harris Bank, even though a court order says he can stay in the house for now.

“They admitted they had sent somebody to change the locks,” Williams’ lawyer, Geoffrey Gnadt, said after an emergency court hearing Tuesday. “They did apologize profusely – but there are costs.”

Same Scenarios…Over and Over and Over again!

JSOnline-

Keon Williams is on the verge of being thrown out of his house – a startling turn of events, considering that for nearly three years since refinancing in 2008, he faithfully paid his monthly mortgage and his property taxes.

“I did everything I was supposed to do, but I’m being evicted,” says Williams, 38, sitting in his neat but sparsely furnished dining room on N. 44th St. “I never would have imagined something like this could happen.”

Kenneth Eric Trent, P.A. of Broward County has amended the Class Action complaint Figueroa v. MERSCORP, Inc. et al filed on July 26, 2010 in the Southern District of Florida.

Included in the amended complaint is MERS shareholders HSBC, JPMorgan Chase & Co., Wells Fargo & Company, AIG, Fannie Mae, Freddie Mac, WAMU, Countrywide, GMAC, Guaranty Bank, Merrill Lynch, Mortgage Bankers Association (MBA), Norwest, Bank of America, Everhome, American Land Title, First American Title, Corinthian Mtg, MGIC Investor Svc, Nationwide Advantage, Stewart Title,  CRE Finance Council f/k/a Commercial Mortgage Securities Association, Suntrust Mortgage,  CCO Mortgage Corporation, PMI Mortgage Insurance Company, Wells Fargo and also DJS Processing which is owned by David J. Stern.

MERSCORP shareholders…HERE

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Related article:

______________________

CLASS ACTION FILED| Figueroa v. Law Offices Of David J. Stern, P.A. and MERSCORP, Inc.