Bnakster Fraud, MERS and the Housing Market

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Front page of the paper here in Oregon -

Most mortgages are written and promptly sold to large banks, many of these loans were written in a fraudelent manner, on top of that the loans were packages and sold in bundles and then split upo into multiple investment securities and Then were turned into derivitives..... A corporation called MERS acted as a clearing hosue for these fraudelent loans....

According to contractual laws these loans were supposed to be recorded at each step of the way - gvien that fraud was a integeral part of the process many of the loans were NOT recorded properly-

Now as many of these houses are going into foreclosure people are fighting against losing their houses are fighting the foreclosures in Court- Original documnents proving ownership are required - especially where the recording of the documents were Not done- in violation of LAWS....

Once in Court these banks can no longer Prove they own the Note on the house - So the banks DO NOT have Standing in these foreclosures....

Hence they have No Right to foreclose.....

The Big news is that the largest Title Company in America has said NO MORE Title Insurace on foreclosures without the longer Judicial Foreclosure - which the banks can't do because they don't have the paperwork and had engaged in FRAUD.

So foreclosures are Off the Market - sitting vacant with no ability to even be sold if no Title Insurance will be provided.....

2 things can probably happen - 1. the Congress will write a law retroactive giving the banksters a free ride on their fraud and law breaking OR we'll have a sort of JUBILEE -

I'd bet that Congress and the Obama admin(the kleptocrats) give the banksters a free pass on their law breaking -

Historically in the Bible a Jubilee occurred every 50 years - debt and slavery forgiven.....

The Year Of Jubilo! was considered to be 1863 with the granting of freedom to slaves......

We need a New Year of Jubilee!

mtdon's picture
Jul. 31, 2007 4:01 pm

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