A Supreme Court -Washington State ruling has now put MERS Fraudclosures in the line of fire for all previous fraudclosure victims.
They can sue the banks for previous Fraudclosures through the "Consumer Protection Act."
The state Supreme Court yesterday called into question numerous foreclosures that have been done in this state, and opened the door for lawsuits by homeowners given the boot. Just how many foreclosures are we talking about? "Hundreds if not thousands," says Melissa Huelsman, a lawyer representing one of the plaintiffs in the case.
Huelsman points to another aspect of the ruling that she finds highly significant. It opens the door for homeowners who have faced MERS foreclosures to sue under the state Consumer Protection Act. "Characterizing MERS as the beneficiary has the capacity to deceive," the justices opined, adding that homeowners would have to prove they were damaged.We need all the state courts of the U.S. to begin ruling correctly and rule by the law!
Another news bit. It seems BOA is not holding up to the agreement they made with the AG's. They are blocking homeowners from getting the relief they are suppose to get through that agreement.
Here's a podcast from Rainmaking company interviewing Dave Krieger author of "Clouded Titles" that includes the discussion on the said Washington Supreme Court decision on MERS.
ReplyDeleteIt is about time that the American public has some chance of defending themselves against the predatory actions of the banks that hold their mortgages. And in all honesty, I am not shocked that BOA is not sticking to the rules that they agreed to. Good for Washington State's judicial branch to wake up and finally make a move for the sake of the people they represent. Not all banks are terrible though, AHMSI complaints were so rampant that they opened a website that deals only with customers complaints and questions, and nothing else. What a good way to reach out to your customers. The other lenders should take notice.
ReplyDeleteHere's the segment with Dave Krieger and Ellen Brown on It's Rainmaking Time!
ReplyDeletehttp://itsrainmakingtime.com/2012/davekrieger/