Skip to comments.Here Is Your Chance To Check If You Are The Victim Of Mortgage Fraud (SEIU setup?)
Posted on 10/12/2010 8:30:06 PM PDT by Frantzie
Wondering if you are one of those suckers paying a mortgage in limbo, with all the payments due to some non-existent mortgage noteholder getting retained at the servicer banks? Well, if you can spare 3 minutes then "Where's the Note" is for you. The website, which is on the verge of a viral break out, has a simple message: "Whether you are facing foreclosure, have an underwater mortgage, or are just a concerned homeowner, its important that you contact your bank and demand to see the original note on your mortgage. It only takes a few minutes using our free online tool." Quick, simple and easy. And in a few days your mortgage bank will have no choice but to tell you if they do in fact have your original mortgage note. And if not - welcome to cost-free living, courtesy of MERS and millions of rushed and fraudulent mortgage note assignments. Yes, it will mean the end of the GSEs, but it will also mean the accelerated write downs on thousands of MBS tranches which will rapidly collapse into insolvency (there is only so much Mark to Unicorn can cover up) and eventually take the insolvent TBTFs banks with them.
(Excerpt) Read more at zerohedge.com ...
lol If enough people do this online, it won’t be a “few days” for you to find out. The banks will be inundated with the requests, and I’m sure a vast backlog will bog down on someone’s desk, and it will be repeated at all of the major banks.
I hope that someday I too can be the victim of fraud.
My mortgage has been sold 3 times and is now “owned” by BofA. About 2 months ago a very experienced realtor friend of mine who is also an attorney told me to send a letter similar to the one on the website which I finally did a couple of weeks ago did but still haven’t heard anything although did get FEDEX confirmation that it was received. She looked at this posting and site at my request this evening and strongly recommended that people just send their own letter by traceable means.
Do not use this site. It is a Service Employees International Union site—one of the major bad guys amongst the public employees unions. You do not want to have your personal and mortgage information collected by them—you might as well give your social security number to ACORN.
On another note, why is SEIU doing this? Don’t they understand this could bring down the whole financial house of cards on Zero? Something here does not add up.
Thanks. I agree with the other poster - do not use the SEIU site. I surprised Zero Hedge missed that because they are a good blog site. The people posting the messages on the site quickly saw it was a SEIU scheme but why?
Did you attny/realtor tell you what to do in case the bank cannot provide you with the documents?
My mtg - thank goodness is manageable, not that far from being paid off and I could if I wanted to. Thank God.
I am really debating if they cannot provide the real paperwork of trying to stick it to the bank.
The middle class may take out the banks due to this and the whole US financial system. People are Fed Up.
No problem with my mortgage either but in case something happens to me want to make sure my son has no problem if he tries to sell the house. Atty/realtor said if they cannot produce the documents, there is no mortgage - but this is a very simplistic assumption. And then what? I think the vigaro is going to hit the mixmaster when people try to sell their property. It seems to me like potential exists for a bigger mess than what it appears at this point in time.