THIS IS HUGE! New Jersey is a Judicial Foreclosure state. A judge has put out an order to have a special hearing on January the 19th 2011 with all foreclosure plaintiffs for review of their paperwork and foreclosure practices. He states he may STOP ALL FORECLOSURES!
He may appoint a special master to over look at foreclosure paperwork for fraud!
Now if we can only get the non-judicial states judges to start looking at the paperwork!
n101220c
Keep in mind that a foreclosure is not always the cheapest option. The owner of the property, typically the bank, has to make back not only the home’s mortgage, but also any second mortgage and liens against the property. Often these costs are rolled into the asking price of the property, so be sure to do some market research before buying a foreclosure. Also, keep in mind that there may be liens against the property that are not known at the time when you buy the home, so proceed with caution. Inspect your title carefully in the title search process, because you will not get title insurance until you buy the home in most situations.
ReplyDeletehome buyer
Bear Stearns Securitized my note, Ocwen- (Fla)- was the loan processor, Citi was the trustee, all in 2006 without my knowledge. In NJ the events must be recorded w/in 90 days. In 6/2010 Citi was recorded as the holder of the note. I became aware of all of this in 10/2010 due to RE tax issues. Allonges recorded the transfers illegally. Securitization of a note like these delinks the property as collateral to the note. Hence Citi now has $300k of an unsecured note I presumptively owe. Notwithstanding the fact that TARP (ie FED Reserve) etc all bought back these notes from the UBS and Deutsch bank types that bought them in the first place. The FED bought out the same banksters that own the private European based FED with our money several times over and is sticking us with the tax bill and loss of social services "we cannot afford" for generations to come. This was the basis for the First American Revolution... Wake up Americans..The City of London International Bankers have robbed you several times over and are now illegally trying to take you homes, land, and businesses as collateral for their usurious and criminally illegal financial scams... I smell national RICO Class Actions...Get your local County prosecutors to go after these Ba++++tards locally, personally, individually and on a corporate level.
ReplyDeleteI Live in New Jersey my case is tremendously insane. Fine i owe back payments since the bank never even tried to give me an option to catch up on my first 2 back payments that was their choice i sure tried to pay but they just would not accept they wanted to foreclose and they are. That's their choice and it's ok. BUT does it give them the right to do it illegal? Fraudulently? without disclosing who actually signed the affidavit of mortgage? to state he is the vice president of MERS when i found out he actually works for the Attorney that is foreclosing here in New Jersey? to sign the transfer of Mortgage and file the foreclosure the same day? and state they sent me a notice of intent to foreclose 30 days prior to signing the transfer of mortgage? they never sent me the notice of intent to foreclose , they didn't even own the mortgage! Now i found out that the foreclosing Attorney actually worked for the seller MERS, wells fargo (Buyer)who they are foreclosing now. and they are also the debt collectors on the same affidavit of Mortgage.The funny thing is the person who signed and swore that he was the vice president of MERS didn't even disclose he was the attorney working for the buyer and the law firm foreclosing my property.I am really confused here .. it actually comes down to this , the law firm works for the Seller,Buyer,is the foreclosing attorney,and is the debt collector.Who can i contact? I started to look into my papers after i read about Justice Rabner's decision to look into the banks actions otherwise i would had never known this . And it took me about 1 month of internet searches to get this information i searched every single day for hours. They are very professional.
ReplyDeleteYou need to contact an attorney or legal aid in your area! You can also file a TRO - temp restraining order yourself if need be.
ReplyDeleteYou have worked hard on finding the information, you obviously are willing to do what it takes to sue them.
Research attorneys there, or if you are willing got to the foreclosure defense manual here and get a suit started against them yourself!
Servicers do not own the mortgage and they have no right to foreclose. Besides with the new ruling from N.Y. yesterday
http://sherriequestioningall.blogspot.com/2011/02/mers-court-rules-in-new-york-no-rights.html
it shows MERS has no standing to foreclose.
So servicers no rights to foreclose - does not own the mortgage, MERS no rights - not the owner and separated note and mortgage. It all equals to the fact no MERS mortgage can be foreclosed on.
You also have a robo signing notary situation too.
Another idea is to contact a law university in your area and ask a professor to take it on with his students - Maryland university did that and had 10000 foreclosures thrown out!
Thank-you Sherrie.
ReplyDeleteYou are welcome!
ReplyDeleteWhat it comes down to is everyone is looking for technicalities. The facts are...there is a mortgage, an agreement to borrow money and to pay it back. If you borrow it and don't pay it back you are wrong.
ReplyDeleteObviously you are making a "moral" judgment.
ReplyDeleteSo then please tell the banks all the money they have scammed out of their investors by selling the same mortgage over and over in different bonds and have made millions on each loan through that scam, to pay back the trillions to their investors.
So your reasoning without going by the LAW is that people have a loan - they have to pay it back and not go by the law? BUT banks can be above the law!
Yeah, you are really educated about it all, aren't you? Call me impressed!