The Home Equity Theft Reporter: One Florida Trial Court Gets It Right; Says Bankster Has No Standing To Foreclose Merely By Reason Of Note & Mortgage Ownership By Its Wholly-Owned Sub

The problem is created through a break in the chain of mortgage ownership. Until the 1980’s, most mortgages were loans between the homeowner and a bank, who lent the money directly.. if you don’t own the note, in 45 states, you have no right to enforce the lien on the property).. MERS breaks the chain of title so that no one has.

The Romeros soon became delinquent on their increased loan payments. On April 1, 2008, a third party-the Bank of New York, identifying itself as a trustee for Popular Financial Services Mortgage-filed a complaint in the First Judicial District Court seeking foreclosure on the Romeros’ home and claiming to be the holder of the Romeros’ note and mortgage with the right of enforcement.

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counsel, a letter which cavalierly asserts that "there is no reason why, under a mortgage, the entity holding or owning the note may not keep the fact of its 9 ownership confidential. . . The public has no significant interest in learning the true identity of the holder of the note." R. at 731. This self-serving opinion is utterly

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The home equity theft Reporter: Florida Man Gets 60 Months For Duping Victims Into Borrowing Against Their Home Equity In $2M Ripoff.. following his guilty pleas on two counts of mail fraud and one count of identity theft.. mortgage masters group south Florida a Haven for All Types of Fraud.

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Recent Posts. Florida Man Faces 30 Years For Lying On Washington Mutual Mortgage Application; The Home Equity Theft Reporter: One Florida Trial Court Gets It Right; Says Bankster Has No Standing To Foreclose Merely By Reason Of Note & Mortgage Ownership By Its Wholly-Owned Sub

Home Equity Theft Reporter: The state Department of Justice filed a brief in the 9th U.S. Circuit Court of Appeals, arguing that the Mortgage Electronic Registration Systems, or MERS, can’t stand in for lenders when it comes to county records in what’s called "a non-judicial foreclosure" — one that does not go through court.