Your Mortgage Documents Are Fake

Interesting read.

thanks.

I hope somebody with knowledge about mortgages and real estate law can look into this and comment. Maybe there's something we can look for in our papers that would tell us if we're one of the people sitting on a time bomb.

That's exactly why this thread caught my eye. Hopefully someone will.

Thanks for posting it.

So.... anybody know about this, or have some experience with it?

Banks routinely take control over societies.

Solution:
No more bank loans, no more credit cards, and little to no money in bank accounts. This would destroy the banks control over society and there devious practices.

If I understand correctly, and that's a bit of a longshot here with this topic. When the bank sells your mortgage, to someone else, they make money on that deal and technically, since its your mortgage with your signature that they sold, you rightfully should get the income. They kept, i.e., stole your "investment dividend". That is why they won't produce your documents. Again, just my layman's understanding. Feel free anyone, to correct any mis-statements.

bump for more info

According to imminent domain, you own no property, ever.

I believe you need to go to your County Recorders Office and ask to see the chain of title, or who it shows the title owner to be. (may be lein holder). It should be the bank who you signed your mortgage loan with, as that is who should have the title until mortgage is paid off.

If it is a different bank than what your own paperwork shows, this means when the original bank sold the loan to the secondary bank, they did not file this transfer of title with the County Recorders office (required by law). They sold the note, but did not transfer the title.

Which means the title is still in the first banks name, yet you are paying the loan to the second bank. First bank will never show your title as paid, as a different bank is receiving the money for the note. If you pay the mortgage in full to the second bank, they have no title to give you since they never were the owner of the title. And you never signed a new note with the new bank. Chain of title is broken.

Any bank must NEVER separate the title and the note. Yet this was done with millions of homes, thanks to MERS ( Mortgage Electronic Registration Systems). The banks sold the notes, ignored law that title must be transferred (and notarized) at the recorders office since it was so easy to do electronically. But the paperwork is supposed to be notarized at the thecounty level.

The catch? There are a few. The first bank cannot foreclose (legally) since they no longer own the note. The second bank will gladly take your money but will never be able to provide you a title. You will never have a title IF this is what happened. You can stop making payments, have your house free and clear but can never sell it or get a loan against it. ***I am not advising anyone to do this! You must be able to prove this fraud in court!

I learned this from a program I used to listen to. The website is mortgageendgame.com. They usedused to have a page to that shows you where the MERS # can be found on your mortgage papers, if you have a MERS #. Not all do. And they had a page to look up the mers # to see if you are affected. I checked the site but can't get the full site on my phone. There is a phone number to call (that I can see). Start at the site and it should guide you. If not, start at the recorders office to see if there is an indication of a problem.

I am not vouching for these people, it is just a resource I know of. I hope this all helps somebody and hopefully gives an idea of the mess the USA housing is in. They bundled and sold those mortgages over and over and over. With no chain of titles! :(

yep this is it, and it's even worse...

when packaged into the MERS program, the notes were bundled. then, the bundled notes were sold off or traded. then, those bundles were rebundled and sold and traded again. often investors would purchase or trade for slices of the bundles. those were sold and traded again. this bundling has bungled any sort of clear chain of title.

considering the fed's purchase of mortgages, i see it likely they are wanting to buy them all in order to avoid having tens of millions of houses suddenly being owned by the people living in them.

You are all sitting on a time bomb. The banks did the massive foreclosure to reduce the supply in the market to support prices.

The real estate market in the USA is the magic printing press.

The bubble is over 42 years old and it has not popped yet.

But it will at some point.

2008 was the popping of a bubble inside of the bubble.

The actual real estate price bubble is still intact.

There is now way to fix what has been built up the past 6 decades in the USA.

All the politicians are either ignorant or liars.

Like in 2012...They will keep you in the dark until it becomes impossible.

Then they will pull the plug and hide behind all the chaos.

This and the fact that if you stop paying property taxes (your rent) you lose your home.

No one ever actually owns land or a house.

This is the reason for the refinance campaigns. The ownership documents got lost during the frenzy of packaging and trading mortgages. A re-mortgage re-papers the loan.

The scam mentioned here was to artificially "re-paper" the loans.
A title company was established by the banks to create fake certification that the paperwork existed in their hands.
Once this got accepted by the 1st court, precedent from this case carried the rest.

Last Edited by Phillip J. Fry on 08/14/2013 06:18 AM

Trust me my friend it was FAR worse than fabricated f/c docs- I know I was there!

Frak that 'Time bomb' bullcrap, I'd like to know what piece of paper I can xerox and send the greedmeisters instead of my next mortgage payment and tell them to go cram the whole thing up their CHOSEN ass...

I believe you are supposes to have your land free if you paid for it,that's is how it should be,property taxes no,you already pay taxes for the rest.

like everything else in the world

But the thieving fuckers are sure good at making you pay out the ASS for the privilege of maintaining THEIR property, right?

No one will EVER know the depth and breadth of my hatred for this system, everything it's founded upon, and everything it stands for.

BURN IN HELL BANKSTER SCUM !!!

Thanks to all the great replies! I will try and look up that MERS number.

Not that it really matters in the end, but knowledge is power.

Yeah, FRNs and taxes make the whole thing a giant scam, but TPTB own the world and have all the armies.

ADDED: Thanks for the pin!!

Last Edited by Keep2theCode on 08/14/2013 06:49 AM

I'm a financial advisor here in the UK,not sure if the system works the same way but it's common practice for banks, building societies and other lenders (such as the now defunct Gmac mortgages) to sell chunks of their mortgage books. The deeds or tittle to the propery should state who has the primary charge over the property and should be amended when the *new* lender takes over the mortgage.

EVERYONE should read "Clouded Titles". Incredible book by an investigator into title and lean fraud by the banks. It's all a huge scam.

Also, look at your title and lean. Do you see anyone else's signature on it but yours? This means your the only party to the contract and thus, you have the power to alter that contract for and with whatever agreements you wish, including changing it to say "no money due"!!!!

Just thinking out loud here. What would have if you pre-emptively filed a quiet title suit? If there is no record of who currently owns the note at the county level, then you wouldn't have to serve the servicer right? You would serve the originator, but they wouldn't care since they no longer hold the note. Would it work?

The one thing that you would have to deal with is your credit being screwed for several years while you fight it out for stopping all your payments.

I'll have to find my title and check it. So far I've just collected all mortgage papers in a giant pile, and it will take some time to wade through it and find the title page and this MERS number.

Now we know why you have to sign so many papers; they know nobody will read through it.

Hhhhmmm.. well I'm no lawyer but that sounds like grounds to wipe all debts for those mortgages involved and return all property notes including full property ownership to the original buyer on grounds of forging a legal contract. Homeowners need to find out if this has happened to their loans, join up with other homeowners in this predicament then form a class action lawsuit not for 95mil but for outright ownership of their land.

And is exactly why I advise my clients to read everything.

My damn mortgage was sold to fuckin Bank of America when Countrywide went belly up. Now we don't know if our title is legit or not...and I'll be damned if I'm going to pay 20 more years only to be told that they don't REALLY hold my lien or title and I'm screwed.

How do I make sure? Should I get a lawyer?

it may take going through the court system all the way up to the supreme court but if enough buyers got together on this they may have a chance. also how can someone legally collect payments on a loan when they have no proof of owning the loan? it is a bomb alright but not for property buyers but for the banks. arrogant fucks!

The exact same thing was done with ALL of the School Loans.

The Federal Government has sold them on the open market so many times they have no idea where the original contracts are. Where did the profit go on the sale of the paper? These school loans have been paid for 1000 times over..... so why is there still a huge pile of debt?

Anyone who has made money selling school loans should have to pay off the loans he stole from.