August 27, 2010
MERS 62 Million Homes May Become Free and Clear Some Day!
Yep, it’s true it’s my understanding over 62 million homes are currently held in the name of MERS [Mortgage Electronic Registration System]. This is a system that was concocted by and for the benefit of the mortgage industry. A bankruptcy court in California recently ruled that this electronic shortcut makes it not possible for banks to prove and establish their ownership of property titles; therefore they can not foreclose on mortgaged properties and this decision was made following landmark cases in other jurisdictions.
More MERS 62 Million Homes Problems:
So logically speaking this could be the beginning of foreclosure-proof homes, an approx. whopping 62 milli
on homes!
Bundling mortgages into securities were a favored type of investment of speculators at the height of the financial bubble which led to the crash of 2008. Oftentimes, the securities changed hands numerous times, and to top it off it seems the companies profiting from the mortgage payments were all to often not even the same parties that negotiated the loans with the consumers. May I add - it’s probably way over 62 Million Homes too.
Now, you guessed it, at the center of this disconnect was the Mortgage Electronic Registration System, or MERS. MERS is a company that acts as the mortgagee of record for lenders, which allows properties to change hands without the necessity of recording each transfer. That, in case you didn’t know, is a big 62 Million Homes of NO NO!
MERS a Bust with These 62 Million Homes on the Brink:
Oh sure, MERS was very convenient for the mortgage industry. However courts are now questioning the impact of all of this financial juggling when it comes to who owns the mortgages of the 62 million homes. And rightfully so. FYI: In order to foreclose on real property, the plaintiff must establish the chain of title thereby entitling it to relief. Yet, MERS has acknowledged, and recent cases have also held, that MERS is just a “nominee” — which means it’s an entity appointed by the true owner simply for the purpose of holding property in order to facilitate transactions. The great news is, that recent court opinions stress that this defect is not just a procedural one but is a substantive failure, one that is fatal to the plaintiff’s legal ability to foreclose on a possible 62 million homes.
What does this mean? It means that hordes of victims of predatory lending could end up owning their homes free and clear – and the financial industry could end up falling on their on sword.
Maybe you are one of the 62 million homes. I offer a Free – No Obligation Consultation And Audit of your mortgage situation.
Call (888) 819-6554 or fill out the Stop Foreclosure Help email form, Click Here —>> http://help-to-stop-foreclosure.net/
Resources:
http://www.pacificfreepress.com/news/1/6877-foreclose-this-could-62-million-homes-be-foreclosure-proofq.html
Do you think you may be in one of the 62 million homes?
Filed under MERS 62 Million Homes by 
August 11, 2010
BREAKING NEWS!
It has come to my attention that the Florida Attorney General’s office just announced they are conducting investigations into the state’s three biggest foreclosure law firms for allegations of deceptive and unfair actions.
These firms, which at times are called “foreclosure mills,” are the Tampa-based Shapiro & Fishman, Fort Lauderdale Law Offices of Marshall C. Watson and the Law Offices of David J. Stern, based in Plantation.
A lawsuit seeking class action status was filed by a Fort Lauderdale attorney against Stern just last month. The lawsuit is claiming this firm generated fraudulent mortgage assignments, basically falsifying foreclosure documents when they were pursuing foreclosures.
FYI: an assignment is held by the entity that has the right to receive mortgage payments.
The law of offices of David J. Sterne according to the lawsuit filed up to a whopping 7,000 foreclosure cases in Florida every month last year, presumably with fabricated foreclosure documents . As if that wasn’t bad enough, the lawsuit also alleges this firm pursued foreclosures for lenders that didn’t even own the debt on the homes.
According to records, Miami based attorney, Jeffrey Tew is representing the Stern law offices. According to Tew, Stern and his company have done nothing wrong
“This foreclosure crisis was not created by David Stern, but it is so huge and a lot of people are in very bad shape, so some of the finger-pointing goes to him,” attorney Tew said.
Mr Tew went on to say that portions of the lawsuit that claim Stern conspired to confuse ownership of homes is “fantastical”/fantasy.
Attorney General Bill McCollum’s office released a press release and it says due to the fact that many mortgages have been bought and sold by financial institutions numerous times, some vital foreclosure documents/paperwork involved in the process to obtain foreclosure judgments is oftentimes missing.
“On numerous occasions, allegedly fabricated documents have been presented to the courts in foreclosure actions to obtain final judgments against homeowners,” the press release states. “Thousands of final judgments of foreclosure against Florida homeowners may have been the result of the allegedly improper actions of the law firms under investigation.”
In June a judge, Circuit Court Judge Michael Traynor, dismissed a case because he said in his opinion the court “has been misled by the plaintiff from the beginning” and that documents “have changed as needed to benefit the plaintiff.”
Don’t let this happen to you! Get expert help to look over your loan and foreclosure docs.
Don’t think for a moment that these types of fraudulent activities are only going on with just three law firms in Florida. This type of activity is happening all over the county, just apparently on a much larger scale with these companies because of the larger amount of foreclosures they handle.
You can avoid foreclosure and get the foreclosure assistance and foreclosure help you need from an expert in foreclosure solutions.
I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation as a first step to getting you help to stop foreclosure.
Call (888) 819-6554 or fill out the Stop Foreclosure Help email form,
Click Here —>> http://help-to-stop-foreclosure.net/
Resources:
http://www.palmbeachpost.com/money/real-estate/state-probes-whether-three-law-firms-falsified-foreclosure-851395.html
Filed under Foreclosure Documents by
July 26, 2010
Unfortunately, last month more delinquent homeowners learned they didn’t qualify for President Obama’s foreclosure program.
New concerns regarding the U.S. housing market’s health and vibrancy have rightfully renewed interest in the success of President Obama’s foreclosure prevention programs. It has been wondered that an increase in foreclosures, combined with the current drop in housing sales, could once again send home prices plummeting. Raphael Bostic, according to cnnmoney.com, stated that the marketplace is still fragile.
Unfortunately, 91,118 people in trial modifications were canceled in June, which brings the total to 520,814, only about ten to twelve percent (10% – 12%), a drop in the bucket, of the near 5 million homes in foreclosure since the program first started early 2009.
More than 60% of those who dropped out last month had been in trials for at least half a year.
Homeowners that don’t submit the proper paperwork, don’t meet the qualifications or make the necessary payments are kicked out. It is my understanding that from now on the loan Servicers before entering the homeowner in the program will collect needed documents and review the homeowners’ eligibility.
Once the homeowner trials are canceled, less than half of homeowners do get an alternate modification, and many times from their loan Servicer.
There are only 364,077 homeowners that remain in the trial phase, and approx 38,728 of that figure are homeowners that entered the program in June.
You don’t necessarily have to be one of the thousands that have lost their home to foreclosure. I have helped many homeowners stay in their homes and avoid foreclosure, and I may be able to help you too.
I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation.
Call (888) 819-6554 or fill out the Stop Foreclosure Help email form,
Click Here —>> http://help-to-stop-foreclosure.net/
Resources:
http://money.cnn.com/2010/07/20/news/economy/foreclosure_prevention/?postversion=2010072014
Filed under loan modification by
July 22, 2010
According to two Republican Congressmen, President Barack Obama’s plan to help homeowners avoid foreclosure is a failure.
According to a resource, Rep. Jim Jordan, R-Ohio and Rep. Darrell Issa, R-Calif communicated to Treasury Secretary Timothy Geitner a letter, which was sent not too long ago, telling him to “end immediately” the Home Affordable Modification Program known as HAMP.
Since Pres. Obama announced the program in Mesa in February 2009, [over 1 year ago] only 340,000 homeowners have had their mortgage loans permanently modified through the program.
President Obama said 3 million to 4 million homeowners would be helped by the program.
Did you know that even homeowners who are granted long-term modifications often still end up in foreclosure? “Why”, you ask? Well, because in many cases the payments are still simply too high for them to afford.
People have said we are simply in a death spiral, but in lots of cases it doesn’t have to be that way. I offer a free audit of your mortgage documents and may be able to help you avoid foreclosure long-term. Just give me a call to discuss your particular circumstance, I will be happy to see if I can help you just like I have helped other homeowners fight foreclosure.
I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation.
Call (888) 819-6554 or fill out the Stop Foreclosure Help email form,
Click Here —>> http://help-to-stop-foreclosure.net/
Resources:
http://www.kpho.com/news/24205219/detail.html
Filed under Avoid Foreclosure Help, loan modification by
July 16, 2010
Home foreclosures are unfortunately still a serious problem in our country. Though, foreclosure rates are down in areas such as Atlanta, that’s not the case in most of America. Each month, there are thousands of foreclosures in newspapers across the country and many predict the numbers will stay the same for some time to come.
Many attorneys that handle foreclosures are saying that they think what we’re seeing now will continue and foreclosures will continue on a steady pace.
There are alternatives to a foreclosure, one being something called a short sale; however not everyone qualifies. You see, it’s very costly for a bank to foreclose a home, then put it back on the market, and in many cases have to repair the house prior to placing it on the market.
Another alternative is to fight your foreclosure. I have successfully helped many of my homeowners stop the auction of their home by their banks and remain in their homes. I offer a free preliminary audit of your mortgage documents to see if I can help. I lost my home to foreclosure years ago and decided then and there to never let that happen again and to help anyone I can to avoid the same.
I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation.
Call (888) 819-6554 or fill out the Stop Foreclosure Help email form,
Click Here —>> http://help-to-stop-foreclosure.net/
Resource:
http://www.walb.com/Global/story.asp?S=12792338
Filed under avoid foreclosure, foreclosure assistance by
February 22, 2010
It appears a new Obama “Innovation Fund” program is setting aside $1.5 billion to help stop foreclosure in California and four other states hardest hit by foreclosure.
The word on the street is that this is likely to do little to nothing to help the actual homeowners. It will probably in reality just pay the administrative costs of running the program manned with people talking with homeowners about the same old tired stuff that does not really stop foreclosure and/or help one work things out with the lender.
There is expected to be only a small number of homeowners helped by the fund as with all of the other government bailouts of late. Big government is help by getting more people working for, and dependent on the government for their new job, bankers are bailed out and given bailout or admin money for which the bank is beholden to the government, but homeowners are left without much relief at all.
Get real help to stop your foreclosure fast, a.s.a.p..
Click Here for Help To Stop Foreclosure Today Fast.
Filed under obama by
January 23, 2009
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Filed under Foreclosure, coupons, ebook, foreclosure solutions-1, stop foreclosure by
January 4, 2009
Find Out the Best Ways Possible to Get a Pro Bono Attorney or One on Contingency to Help You Stop Foreclosure or Do It Yourself Without an Attorney – You Decide!!!
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If you chose to get an attorney to help stop foreclosure you need to be able to know a little about the laws and procedures pertaining to your foreclosure case so you know what is going on with your attorney’s efforts to stop your foreclosure; then you can observe him or her and have some assurance that your attorney is doing his/her best to stop your foreclosure.
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The Supreme Court Said:
Homeowner-defendants with attorneys must make themselves competent to assist their attorney in their own defense to insure their case is moving forward in their favor. According to the 8th Cir. Court in US v. Hinton, 218 F3d 910 (8th Cir. 2000) “Due process requires that a defendant be tried only if he is competent to assist in his own defense.” This is because the minimum standards for you to have the best, or at least a reasonable, chance of defending and winning your case is for you to have enough knowledge to be able to assist your attorney in your own defense.
A Supreme Court Chief Justice Said:
Former Chief Justice of the Supreme Court of the United States Judge Warren Burger Said, “Chief Justice Warren Burger of the U.S. Supreme Court Warned “75 to 90 Percent of American Trial Lawyers are Incompetent, Dishonest or Both” This is partly because most attorneys are over worked and/or under staffed.
Many attorneys are overworked which can even to a Chief Justice of the Supreme Court make them look “incompetent, dishonest or both. It is a common belief that most attorneys are in it for the money; that being the case, unless they work for a Michael Jackson or an OJ Simpson who can pay them handsomely just to work for one client many attorneys feel they need to take on many, many cases in order to make good money.
Under those circumstances a client needs to be able to know what his or her attorney should be doing and make sure it is actually being done for them (the client) to have the best chance to win his or her case.
If you get an attorney, assisting him or her plus making sure things are being done in your favor is what you must do for your foreclosure case in order to know your attorney is handling your foreclosure case properly to your satisfaction.
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Now, of course you cannot learn as much about the law as an attorney knows, but you can certainly learn enough to effectively assist your attorney in having the best chance of winning your case, and that is all you need, and that’s the knowledge this eBook provides.
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December 31, 2008
You Can Now Find Help To Stop Foreclosure Is On Bloglines.com and PRLog.org
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Bloglines:
http://www.bloglines.com/blog/help-to-stop
December 29, 2008
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