Wednesday, September 29, 2010

Wall Street Journal - Breaks the News JP Morgan Suspending ALL Foreclosures! AWESOME NEWS! They are a MERS Corp!

 WOW - totally AWESOME!  JP Morgan Suspending ALL foreclosures due to Irregularities in the paperwork!  Yeah..... LIKE NO OWNER - they are the servicer of mortgages they are NOT the owners and they are a MERS Corp entity!  They can NOT Foreclose on people, ONLY the owner can!  And since it is MERS, there is NO owner!  They are getting Caught - We have GMAC and now JP Morgan.... Lets see the others follow and them Stopping Foreclosures!  LOVE IT!!

Portion showing on site:


J.P. Morgan Chase & Co., acknowledging that there could be irregularities in documents it filed related to foreclosures, said it is halting foreclosures until a review of its document-filing process is completed.
The company said the move affects 56,000 home loans that are currently in some stage of the foreclosure process. However, it says the number ...

CNBC - Breaking the Information:

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