Posted on 08/18/2018 9:26:18 AM PDT by RideForever
So is MERS if you get involved with it.
Thanks for the great explanation———a tad hard for me to grasp,but I remember the absolute chaos that it caused.
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I take it that that wordy answer is a long way of saying “zero”.
The original story from years ago referenced the Agard bankruptcy case (something they now try to hide). Problem is, the District Court fairly quickly reversed the bankruptcy judge.
https://www.njchapter7help.com/overturned-agard/
If they hadn't, it would've been the biggest house of cards that ever fell!
It was short way of saying you don’t know what you’re talking about. And no, I have never “reviewed and written legal opinions” about MERS. Sounds like you’ve never done one correctly.
So you go with emotion and name calling rather than law and facts.
Uh, how come then in many foreclosures, nobody can produce the note???
The mortgage is still there, but the actual note, not so much. In a situation like that, I am betting a crooked company would simply hire a bunch of yahoos to produces “Lost Note Affidavits”, with absolutely no knowledge of who holds the note. But that couldn’t ever happen, could it?
And, what about the people who bought insurance on the mortgages, you know in case they became worthless? Didn’t even have to have an “insurable interest”. Could have more than one “policy.”
Sooo, if some home owner gets away with a free house, I say more power to them! The only reason why the chain got screwed up was by people playing games with the mortgages.
How many hundreds of millions of dollars did MERS foreclose on in the past 10 years?
LOL! Are you pounding the table now? LOL!
I already gave the law, and links to sites for those too ignorant to know how do do real legal research.
Yes. This is the biggest problem with MERS. They totally screwed up titles across the country and did NOT properly file paperwork that is necessary to maintain a clear and unambiguous title. This was done to help banks and other entities to save money when they were packaging mortgages into investment packages.
It is not a good idea to screw up clear titles. We haven't yet seen the full implications of what they've done because the government has been working overtime to hide much of the damage.
So how much money are you making off this scam, counselor? I am not ignorant about MERS.
As you can see here a lot of people understand how bad MERS is. Either you are ignorant or you are making money on it. Either way, KMA.
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