Supporting, Informing & Connecting People in Foreclosure

TOXIC DISCHARGE TUTORIAL

A simple search of OR records for Discharge of Mortgage (or Satisfaction of Mortgage Documents) recorded from MERS. This is just one of many that are being submitted by a company that is not licensed in any of the 50 states to do business as a "lender." So what interest do they have in discharging & why aren't they listed as a Plaintiff? & the whole lost note thing is BOGUS as well!

MERS DOM_MCLAUGHLIN.pdf

MTG IN FAVOR OF MERS.pdf
(20 plus pages, takes a minute to load)

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Comment by stopGOVTwaste on May 26, 2010 at 1:31pm: http://www.alta.org/publications/titlenews/98/9806_02.cfm

How Does MERS Benefit the Title Industry?

From the article:

"The biggest impact that MERS System generates for the title industry lies in the area of payoffs and lien releases.

It has become very common for servicing transfers to occur multiple times over the life of a loan. To properly preserve the chain of title to a mortgage, the best practice would be to record an assignment between the transferring and receiving servicer. As we all know, assignments are often not recorded, or the recording can significantly lag the transfer, and as a result, the public land records in the county recorders’ office does not identify the current servicer of the loan. The failure to record assignments typically causes a significant delay in obtaining payoff figures and processing lien releases. Before MERS, there was no industry-wide standard for the processing of assignments and lien releases."

EXCUSE ME... YES THERE WAS, IT WAS A "RECORDED ASSIGNMENT AND DISCHARGE OF MORTGAGE." THUS LEAVING A GAP IN RECORDING FEES AND REVENUE THAT OTHERWISE WOULD HAVE COLLECTED HAD THEY PAID THE RECORDING & ASSIGNMENT FEES TO THE LOCAL CLERK OF COURT. THERE WAS A LOT OF MISSED OPPORTUNITY ON THESE FEES! ASLEEP AT THE WHEEL DOESN'T EVEN BEGIN TO DESCRIBE IT. END THE FED, END FANNIE, END FREDDIE, WE WOULD LIKE TO SEE THE ACCOUNTING ON THESE DEALS AND YES IT DOES MATTER... IT MATTERS A LOT. IT'S A LOT OF WORK TRYING TO POUND AWAY AT THIS AND KEEP THOSE IN CHARGE OF POLICING THE ABHORRENT PRACTICES FROM BEING TEMPTED TO WRITE THIS KIND OF S**T OFF AS "DEADBEAT SCUMBAGS" TRYING TO GET A FREE HOME... THAT'S BULLS**T, YOU KNOW IT, AND DOESN'T EVEN BEGIN TO DESCRIBE THE NUMBER OF ATROCITIES THAT HAPPEN TO INDIVIDUALS AND FAMILIES BEING THROW OUT INTO THE STREETS AS A RESULT OF YOUR DECEPTIVE TRADE PRACTICES. YOU WILL STOP AT NOTHING TO AVOID TELLING THE TRUTH. YOU ARE ONLY FOOLING YOURSELF TO THINK THAT WE AREN'T QUITE AWARE OF WHAT'S GOING ON. ALL I HAVE TO SAY IS GOD BLESS YOU AND YOUR FAMILIES ABUNDANTLY. GOOD WILL PREVAIL, WE WILL START TO SEE MORE IN THE JUDICIAL BRANCH TAKE NOTE OF THESE MALICIOUS PRACTICES.

Comment by stopGOVTwaste on May 26, 2010 at 12:26am: The Indymac Slap in our face!
http://www.thinkbigworksmall.com/mypage/archive/1/29027

Comment by brian william davies on May 25, 2010 at 6:35pm: GREAT WORK, THE INTERNET HAS LEVELED THE OPAQUE AND DISHONEST PLAYING FIELD. YOUR HELP IS MUCH APPRECIATED.