Foreclosure Hamlet

Supporting, Informing & Connecting People in Foreclosure

The loans are unenforceable! Once they separate the note from the deed of trust

THE BANKS ARE FREAKING OUT BECAUSE.....
they thought the law would support them...but they were wrong.

This is about bifurcation of note to the bank for the first deed of trust. That is what secures the loan to the house. http://www.foreclosurehamlet.org/profiles/blogs/mortgage-amp-note-b...

This problem is systemic and vast! The banks have been doing this shell game with the notes they have snapped up and jumbled into bonds that are sold as assets on Wall Street to investors. It separates the note from the deed of trust which makes the loan unenforceable.... in other words, they cannot legally foreclose because of BIFURCATION of the note. It's a legal nightmare and it will make any loans affected totally null and void. If they want the homeowner to continue payment, they'll need them to sign NEW DOCS and reaffirm their note. They will need to act quickly before everyone knows and decides to stop payment on their unenforceable loans.

Views: 1278

Tags: A, B, CHASE, fargo, foreclosure, fraud, of, wells

Comment

You need to be a member of Foreclosure Hamlet to add comments!

Join Foreclosure Hamlet

Comment by Sandy Lynn on October 20, 2010 at 3:09pm
Please let me know what you think about this article (2003). It seems to me to negate the unsecured debt claims and dilutes any "produce the note" argument. I so much want that idea to be the legal truth, but if this is the correct legal interpretation of MERS and bifurcation under the UCC, we are barking up the wrong tree.

The last part, summing up a brain-numbing (to me) expository, seems to say that the note and the mortgage are deemed inextricably entwined. This was posted in 2003, so maybe this has been knocked down by now.

http://title.firstam.com/resources/reference-information/john-c.-ja...

Blog Posts

Does this make sense to you?

Posted by Phred Maldonaldo on October 22, 2014 at 4:16pm 0 Comments

Still in the fight

Posted by Dan Lambrecht on September 26, 2014 at 9:02am 0 Comments

Help in NJ

Posted by John Mason on September 18, 2014 at 12:27am 0 Comments

Bank of America fraud.

Posted by John Mason on September 3, 2014 at 10:51pm 10 Comments

Videos

  • Add Videos
  • View All

Hamlet Stats





Visits
since 12/21/2009

Music

Loading…

© 2014   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service