Foreclosure Hamlet

Supporting, Informing & Connecting People in Foreclosure

APB ALERT: QUICK! ALERT THE INVESTORS! MILLIONS OF DOLLARS IN LOANS OUT ON THE LOOSE!

Off on another tangent, a Florida foreclosure defense attorney & I were discussing a case where the loan was found in a different trust than the one the SEC stated held the loan.

 

We pulled up the trust that the SEC specified, Wells Fargo Alternate Loan 2007-PA5 Trust (prospectus is here)

 

We marveled at the amount of information, the number of loans, the MERS numbers, the states & counties that had properties affected by this investment "vehicle", this "financial innovation".

 

I played a little game, trying to find the mortgages of a few Florida properties to see if there were foreclosures pending.

 

I found a few, and YESSIREE--foreclosures (more on that in a later post).

 

One curious thing is the high number of MERS MIN Numbers of high dollar loans that aren't valid numbers.

 

Here are some examples from the list of loans on these pages of the prospectus here.

 

When one looks up the loans originated by Wells Fargo (first seven digits of MERSMIN is 1000113) at the lookup tool for MERS MIN numbers here, this message in red appears: No MINs can be located that match the search criteria entered. Verify the search criteria and resubmit. If you need assistance to make sure your search criteria are valid, use the link to see Help.

 

I picked out 50 loans valued at one million or more.  I got the same results for Wells Fargo originated loans of lower values.

 

                                         LOAN#        MERS MIN                           LOAN AMT

 

1.        0065660748   100011300080519977                1200000 

2.        0071735146   100011300085514007                1625000

3.        0072996333   100011300086589131                1300000

4.        0073785107   100011300087316351                1000000

5.        0076292853   100011300089639537                1330000

6.        0076328442   100011300089674567                2250000

7.        0076338847   100011300089684012                1000000

8.        0076546761   100011300089875248                1154835

9.        0159517051   100011399993620427                1000000

10.     0076351683   100011300089696628                1508000

11.     0076408152   100011300089749336                1275000

12.     0076454289   100011300089791338                1000000

13.     0073837874   100011300087368089                2130000

14.     0074088428   100011300087599477                1650000

15.     0074126707   100011300087634431                1125000

16.     0074890393   100011300088347876                1000000

17.     0074952425   100011300088404230                1185000

18.     0075209619   100011300088637805                1360000

19.     0075240507   100011300088665863                1000000  

20.     0075250852   100011300088675284                1300658

21.     0075644286   100011300089039597                2730000

22.     0075737593   100011300089126741                1065000

23.     0075777573   100011300089162928                2000000

24.     0075940445   100011300089317688                2000000

25.     0076050483   100011300089418494                2000000

26.     0076263326   100011300089612245                1078350

27.     0074678467   100011300088147532                1950000

28.     0074718024   100011300088184022                1200000

29.     0074890393   100011300088347876                1000000

30.     0074952425   100011300088404230                1185000

31.     0076328442   100011300089674567                2250000

32.     0076338847   100011300089684012                1000000

33.     0076351683   100011300089696628                1508000

34.     0076406974   100011300089748270                1050000

35.     0076408152   100011300089749336                1275000 

36.     0076454289   100011300089791338                1000000

37.     0076546761   100011300089875248                1154835

38.     0076617034   100011300089938970                1350000

39.     0076648617   100011300089967904                1000000

40.     0076699008   100011300090015131                1115000

41.     0076787662   100011300090096719                2000000

42.     0076845387   100011300090152223                1920000

43.     0077018596   100011300090309898                1112083

44.     0077171577   100011300090448597                1250000

45.     0077195527   100011300090470583                2000000

46.     0077512143   100011300090771428                1000000

47.     0077513497   100011300090772640                3000000

48.     0078494374   100011300091674001                1000000

49.     0078672979   100011300091836006                1500000

50.     0075644286   100011300089039597                 2730000

 

All the loans I checked that were originated by other institutions had valid MERS MIN numbers.

 

Here are a few examples.

 

Originator Mortgage Master, Inc.

 Loan #              MERS MIN                                   Loan Amt
0170415046 100230500010562709 1200000

MIN:1002305-0001056270-9 Note Date:06/05/2007 MIN Status:Active
Servicer: Wells Fargo Home Mortgage a Division of Wells Fargo Bank NA Phone:(651) 605-3711
Minneapolis, MN
Investor: This investor has chosen not to display their information. For assistance, please contact the servicer.


Originator RMR Financial LLC d/b/a Princeton Capital
 Loan #              MERS MIN                                   Loan Amt
0170730881   100115400070601069                 1740000 

MIN:1001154-0007060106-9 Note Date:06/29/2007 MIN Status:Active
Servicer: Wells Fargo Home Mortgage a Division of Wells Fargo Bank NA Phone:(651) 605-3711
Minneapolis, MN
Investor: This investor has chosen not to display their information. For assistance, please contact the servicer.


Originator Bank VI
 Loan #              MERS MIN                                   Loan Amt
0170572796 100490730000032117 1256250
MIN:1000537-0000584273-6 Note Date:05/16/2007 MIN Status:Inactive
Servicer: Wells Fargo Home Mortgage a Division of Wells Fargo Bank NA Phone:(651) 605-3711
Minneapolis, MN

Investor: This investor has chosen not to display their information. For assistance, please contact the servicer.




Originator Metropolitan National Bank Mortgage Compan

 Loan #              MERS MIN                                   Loan Amt
0170518005 100332100000013503 1260000
MIN:1003321-0000001350-3 Note Date:05/08/2007 MIN Status:Active
Servicer: Wells Fargo Home Mortgage a Division of Wells Fargo Bank NA Phone:(651) 605-3711
Minneapolis, MN

Investor: This investor has chosen not to display their information. For assistance, please contact the servicer.

 

Originator RMR Financial LLC d/b/a Princeton Capital
 Loan #              MERS MIN                                   Loan Am
0170730881 100115400070601069 1740000
MIN:1001154-0007060106-9 Note Date:06/29/2007 MIN Status:Active
Servicer: Wells Fargo Home Mortgage a Division of Wells Fargo Bank NA Phone:(651) 605-3711
Minneapolis, MN
Investor: This investor has chosen not to display their information. For assistance, please contact the servicer.

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Comment by jerry jurden on March 17, 2011 at 1:02pm

Try calling the Servicers number and see if it answers .

 

 On the one I have (very similar ) Started with Wachovia (land loan) Mers system MIN # inactive now but listed anyway.  Then a Construction loan Wachovia as well in Feb 2007 I thought but it shows up as Wachovia/Wells Fargo there even though Wells Didn't own Wachovia at that time when  I move home to property (with this loan to put back together home there)  then the fun starts Still listed as Active in Mers File as of March 2011. Next can a perm loan done with GB&T May  2007 for CO to move in to live legally there. Taht loan was never recorded in Deed and record room county of Gwinnett, Ga, Yet in July BB&T shows up in Mers system (now inactive 0 July of 2007 recorded and then in March of 2008 HSBC REFI loan listed in Mers system (inactive now) 2011 and the refi closing BB&T was paid off loan by HSBC but in Mers it shows HSBC as servicer and Investor as Fannie Mae as of March 27, 2008 date of last loan Yet on November 2, 2009 an assignment from Mers claiming ownership transfers it to HSBC so HSBC could  get an automatic stay from Bankruptcy court to allow them to do a foreclosure on the property. Yet HSBC claimed they owned the home/property in September when they contested the matter of BK yet not until November did the Assignment appear. To really complicate the entire issue I didn't do the REFI an x girlfriend did and as her proof of ownership she signed her own Bill of Sale by signing My Name transferring My home to her which she then got the REFI from HSBC. Confused yet.  If  Fannie mae is the investor of the REFI loan as (owner) *(trust) how in the world could HSBC even with a Mers (doesn't own anything , never collects anything and basically hiding everything in their data box) sign over anything to HSBC cause HSBC is only the debt collector for Investor trust Fannie Mae. Fannie May Memo told all Foreclosure Attorneys do not foreclose in our name (PR) Uncle Sam is taking families homes. Not too good PR .

 

   any body got any thoughts  I do since I read this : I think loans were sold multi times and now the crap is being exposed and this just may be the  stick that breaks the back of the Big Banks cause if one was doing it you can best bet there are others doing the same thing. All of which are Felonies and Executives not the poor average joe could figure this one out. Bernie Where are you. Help explain this mess.

 

   ttcb77@yahoo.com   Help if at all possible please.  Jerry

  Here are the quetions

Comment by L on March 17, 2011 at 9:15am

FORECLOSURES

 

Found a $940K one in Middlesex County (Southern District), MA in foreclosure: http://eznotice.com/notices/1692253  the mortgage is here the assignment is here

 

Found a $880K one in Palm Beach County, FL in foreclosure: http://oris.co.palm-beach.fl.us/or_web1/details.asp?doc_id=17558822...

 

Found a $406K on in Lancaster, CA  http://losangeles.blockshopper.com/property/3132004015/44131_beech/

Comment by Phred Maldonaldo on March 17, 2011 at 12:23am

Maybe you tripped over the 'loans' made to the 10's of thousands of judges across the country that have loan documents that say one amount, and assessors that have a lesser amount. The 'investors' are the campaign contributors who won't declare a 'default' or 'breach' as long as the judgments are 'consistent'.

On the other hand, it could just be that the invalid MIN numbers are for the Wells Fargo 'house' accounts that use a subset of the MIN number in its own data tracking system.

Comment by saving my home in floridah on March 17, 2011 at 12:08am

my loan originated in 3/2006 with wells fargo when i looked up my loan number under mers thats what it said

No MINs can be located that match the search criteria entered. Verify the search criteria and resubmit. If you need assistance to make sure your search criteria are valid, use the link to see Help.                                            scam

Comment by saving my home in floridah on March 17, 2011 at 12:05am
i have been telling all of you ffrom the begining wells fargo are animals
Comment by saving my home in floridah on March 17, 2011 at 12:04am
we are all involved in deep doggy dodo i not trying to be funny its just my childish way of sayingoh sh-t
Comment by Carol on March 16, 2011 at 10:18pm
Maybe they are creating "alternate loan trusts" and hiding the money and "skimming" the cream for themselves????

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