Satellite Tour of Foreclosures Around the U.S. - this puts it in perspective of how many are homeless through viewing it!

Business Insider, has satellite images up of cities of foreclosure!  Looking at these maps, the foreclosure crisis hits hard.  I feel for all those who are homeless.  As I see it, the banks have kicked people out of their homes through fraud.  When you commit fraud, you have no rights to take people's housing away from them, especially when you have already made millions from that one house, through MBS fraud and through bailouts. 

When you see the map, you will understand there is no way the banks will sell all of them and the maps do not include the notices sent towards the end of 2010.

Will we ever see jail time for the bankers due to the fraud they have committed upon the American people?  NO, I don't harbor any imaginations of justice being served upon the bankers and them having to pay for the fraud.  I only see them getting bonuses and more bailouts and being protected from their fraud. 

Satellite images of cities and their foreclosures

Explaining the FRAUD of MERS at Seeking Alpha by Jeff Nielson - Says DO NOT BUY A FORECLOSURE - No Title Records! Excellent Article - Must Read

Must Read!  EXCELLENT ARTICLE

Jeff Nielson wrote an article on Seeking Alpha.  He explains the Whole Fraud of MERS by the Wall street Banks.  He warns against buying Foreclosures!

Portions:

Readers must understand how our legal systems operate. A party which has defective title to a property (i.e. the Wall Street banks) can never pass "good title” to any buyer. From the time that defect is created, no subsequent buyer can ever own that home, legally. Should that defect be discovered – several years later – by the original owner, that owner then has several more years in which to file a claim (based upon our limitations statutes).

If the original owner can demonstrate that he was stripped of his title through one of these millions of acts of Wall Street fraud, the original owner must and will be awarded clear title to that property, without one penny of compensation to the new owner.

The most-obvious warning siren applies to foreclosure sales. Previously seen as a way to get a cheap home, it now appears more like a way to buy a home with a ticking-bomb inside it. No one in the U.S. should consider purchasing a foreclosed property without conducting extensive research on its title.

Much of this additional uncertainty can be attributed to the Wall Street creation known as “MERS”. This private company was created by Wall Street to attempt to bypass established legal procedures for financial companies to hold and transfer mortgages. The Wall Street fantasy was that any one of the Oligarchs could submit a file to MERS, claiming rightful title to a particular property, and have MERS rubber-stamp that title.

When the housing-bubble created by Wall Street imploded (and the real fun began for the Oligarchs), they expected to be able to waltz into foreclosure courts, show the judge their rubber-stamp from MERS, and then have the judge, in turn, rubber-stamp the foreclosure. This problem will last for much longer than ten years – since MERS has not yet been entirely wiped-out by court judgments finding against it.

Pelosi is now Calling for an INVESTIGATION INTO FORECLOSURE FRAUD by Servicers!!

This is Just in.....

This right here says: SERVICERS CAN NOT FORECLOSE ON PROPERTIES!

Pelosi is now calling for an INVESTIGATION INTO FORECLOSURE FRAUD by the Banks!

Servicers' use of false affidavits to prove they have the right to foreclose recalls the predatory lending and "liar's loans" that fed the housing bubble in the first place.

Story continues below

"It really does show you, though, left to their own devices, [the banks] no sense of community, no sense of what's right for our country," said Pelosi. "Just get something so we can turn it into a financial instrument so we can short it or long it or whatever, and privatize the gain and nationalize the risk, both to the taxpayer, to the homeowner, to the consumer, it's stunning. This is a very big deal."

Finding the FRAUD in your Loan Documents! What to Look For!

Besides the basic fact that servicers do NOT have a Right to Foreclose on anyone and MERS is Fraud and the Banks have been using fraudulent paperwork.........

Here is a good article about Looking at your loan documents and What to Look for in them for Fraud!

At 03:35 PM 10/5/2009, Mortgage Audits wrote:
Finding the Fraud in the Loan Documents:
What is now beginning to surface are the losses attributed to the massive amount of fraud that
mortgage originators created and passed on to Freddie Mac with two specific types of origination
fraud know as “Double-Funding”, “Double Selling” or “Double Warehousing” fraud and
Assignment Fraud.
“Double-Funding” involves a mortgage originator sending simultaneous funding requests for the
same loan to two different warehouse lenders. Both warehouse lenders, unaware of each other,
would send funding for the loan to the title companies specified by the mortgage originator. The
mortgage originator then disburses the money from one lender to the borrower, while directing
the title company to wire the money received from the other lender to mortgage originator’s bank
account. The mortgage originators then provide fabricated mortgage documents to the
warehouse lenders that falsely represented that the lender’s funds had, in fact, been used to
finance borrower loans.
Assignment Fraud involves modifications to the original loan where the name of the bank who
actually owns the note is changed on execution of the Loan Modification Agreement. The problem
with these “modifications” (actually new loans with new “lenders”) is that the old loans remain
unaffected. The existing cloud on title to the property, the mortgage deed (or deed of trust), the
note, the obligation, the purported assignments etc. is being compounded by attempts to allow
impostors to foreclose on the mortgage, collect on the note, modify the loan, or approve a short
sale. The time bomb is title where securitized loans were recorded, foreclosed, modified or sold.
The parties (other than the borrower and possibly the Trustee on the Deed of Trust) had actual
knowledge that the “lender” was not the Lender, the terms of the obligation were already changed
at the time of closing, the appraisal was false, the underwriting was negligent or fraudulent, the
Good Faith Estimate was by definition rendered neither in good faith nor even close to an
accurate estimate, and the list goes on and on.
In determining whether a particular loan is part of a “double-funding” or “double-selling” scheme,
examiners and forensic accountants should look for as evidence that a mortgage originator is
engaging in this scheme and participating in a pattern of deception, forgery and fraud. Once
demonstrated, these indicators inevitably point to fraudulent affidavits and assignments of
mortgages filed in the public records.
As you examine your loan documents you should be looking for the following:
1. Loan originators, servicers and their lawyers forge documents with “squiggle marks” that are
not the marks, initials or signatures of the actual officer that is notarized to be the signatory.
2. Signature, initials or “squiggle marks” differ for the same signatory from document to
document.
3. Squiggle marks and full signatures that are diametrically opposed to the known signature of the
signatory.
4. Pre-stamped assignments and notary signatures on assignments, affidavits and proof of
claims.
5. Back-dating of dates on assignments and signatures of officers dating years after either a
company is no longer in business or the officers are no longer with the company.

Examples of this can be seen here:
http://dc131.4shared.com/download/134186016/9761c46f/BadNotary.pdf Notice that the notary
swears under oath that they witnesses the signature on these documents in 2001. However in the
State of Texas, notaries are commissioned for 4-years. The notary stamps on these documents
expires in 2006 making it impossible for this notary to have witnessed anything in 2001. Again,
these are all loans originated by Memorial Park Mortgage, sold to Freddie Mac and then, as
demonstrated here, other banks on forged and fraudulent assignments.
6. The forgery of forbearance agreements and modification agreements.
7. Missing assignments or multiple assignments of the same instrument filed in the public records
are a direct result of multi-pledging and the use of the same collateral, the mortgage loan, to pool
into securities or pledge for other financing and should be viewed as an overt act of fraud when
encountered.
As an example: http://dc131.4shared.com/download/134185974/325196a4/Aug28Admit.pdf
Freddie Mac was finally compelled by a court to admit to purchasing this particular loan even
though no assignment to Freddie Mac was ever filed in the public records.
8. The discovery of pre-dated, backdated and fraudulent assignments of mortgages or
endorsements either completely filled in or left blank to be filled in before or after the fact to
support the future allegations of a foreclosing party. These fraudulent assignments are typically
discovered by examiners in the servicers files or MERS files when MERS acts on the servicers
behalf. These documents are created for the sole purpose of assisting in concealing known
frauds and abuses by originators, prior servicers and are designed specifically to conceal the true
chain of ownership of a borrower’s loan.
Here is an example from a loan from Memorial Park Mortgage of Houston, Texas that was first
sold to Freddie Mac and then to several other banks by the originator.
http://dc148.4shared.com/download/134235430/a8cc4755/BlankAsmt.pdf Notice that the bank to
whom the assignment is made is left blank as are the instrument number and several other
blanks. More importantly, notice that the assignment has already been signed and notarized. This
document was produced in discovery by CitiMortgage even though an assignment to them
already existed in the public records.
9. No escrow instructions or settlement statements should trigger the examiner to immediately
attempt to locate the assignment of the mortgage. Multiple or missing assignments coupled with
an inability to produce escrow and settlement statements demonstrate a deliberate concealment
of the ownership of the borrower’s mortgage debt obligation and the actual lender to whom the
borrower is indebted.
10. Lack of possession of the original note demonstrating the proper chain of title and legal right
to foreclose should be noted as evidence of fraud. Coupled with a missing assignment or multiple
assignments is further evidence of the existence of fraud.
A common practice by some banks party to or victims of this kind of fraud is the fraudulent
concealment from the court and the borrower that the financial institution does not have
possession of the note. Of special note is the use of known false, fraudulent, and forged affidavits
and assignments by those institutions unable to demonstrate their possession of the original note.
The effects and implications are more far reaching than a borrower simply having their debt
extinguished. Debt extinguishment or dismissal of foreclosure actions could be obtained if it can
be shown the entity filing the foreclosure:
1. Does not own the note;
2. Made false representations to the court in pleadings;
3. Did not have the proper authority to foreclose;
4. Does/did not have possession of the note;
5. All indispensable parties (the actual owners) are not before the court or represented in the
pending foreclosure action.
This kind of fraud is not difficult to detect once you know the indicators.

MUST WATCH - REP. Alan Grayson Says MERS IS FRAUD! ALL MERS MORTGAGES ARE FRAUD!!!

GET THIS PASSED AROUND!!!  AWESOME - REP. ALAN GRAYSON SAYS MERS IS FRAUD!  NO STANDING TO FORECLOSE!

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:

Class Action Suit Against MERS for All Homeowners Who Have Already Been Foreclosed on In New York State!

A Class Action Lawsuit has been Filed in New York State for All Homeowners who have been Foreclosed on in the Past - Against MERS!

The action seeks to return tens of thousands of foreclosed homes to their owners or the values thereof and hundreds of millions in punitive damages against Baum, MERSCORP and HSBC.

The attorney who filed the suit is:

On August 17, 2010, attorney Susan Chana Lask filed a Federal Class Action Complaint on behalf of tens of thousands of New York State homeowners who lost their homes to an alleged foreclosure fraud orchestrated for years by a New York “foreclosure mill” attorney and major mortgage companies

Contact information:

Address

244 Fifth Avenue, Suite 2369 New York, New York 10001, (New York Co.)

View Map

Phone

212-358-5762; 917-533-7880

About her:

New York Lawyer Susan Chana Lask earned the title "high-powered" attorney! SCL uses over 21 years of respected State and Federal legal experience as a successful civil and criminal litigator and appellate attorney winning complex divorces, legal malpractice and civil rights cases nationwide. You get aggressive, personal attention, with legal strategies that work. She is admitted to the United States Supreme Court, practices in the New York Court of Appeals and Federal District and Circuit Court of Appeals,an arbitrator holding trials for the New York City Civil Court, appointed by New York State as a surrogate judge and is a media legal commentator. SCL's cases are featured worldwide on CNN, CourtTV, NewsWeek, The New York Times, radio and more. Read SCL's bio, appellate briefs, litigation documents, & free legal information. Discover inside legal tips in her Criminal Defense E-Book

Videos About MERS! Stop Foreclosures - Information - 62 Million Homeowners Foreclosure Proof

Don't know why I have such problems with youtube, but the first video cut off, in uploading - so there is a part 2 - each about 4 mins long.

MERS - Mortgage Electronic Registration Service - FRAUD - Lawsuits - Stopping Foreclosures! All Information to FIGHT a Foreclosure against MERS!

Click on title next to Update - it will take you to the post and information of that update.****

UPDATE 10/27/12 -  Exclusive interview - Banks stealing people's property who have never missed a payment through "appraisals".

UPDATE 10//23/12 - Pennsylvania Montgomery County Sue MERS for Quiet Title for (130,000) homeowners!

UPDATE 9/20/12 (sorry I see I have not been putting my MERS updates here in the last few months)   Update:  Washington State Supreme Court ALL MERS foreclosures are FRAUD! Those foreclosed on the in the past can SUE MERS for FRAUD! 

UPDATE 6/6/12 - NY AG hires Prosecutor for Mortgage Fraud

UPDATE 6/6/12 - Urgent Email from Lawyer who has a Class Action Suit against Deutsche Bank.

UPDATE 5/30/12 - Class Action Suit against Citibank for not responding to RESPA letters.

UPDATE 5/15/12 - Defense against a Fraudclosure - Do NOT use "Wet Ink" for it! 

UPDATE 4/30/12 - Class Action against Banks for ALL Homeowners for fraud and Money laundering of Wall Street. 

UPDATE 4/25/12 - Leaked email shows the extent of Fraud banks will commit to Illegally Foreclose on property. 

UPDATE 4/16/12 - Class Action Suit against Aurora and HSBC in California. 

UPDATE 4/10/12 - MERS how it began.  Informing yourself about the Fraud - Detailed article about it and Fighting a Foreclosure! 

UPDATE 2/12/12 - Be Happy about the AG settlement with the Banks. The banks have now admitted to committing foreclosure fraud.  It helps us in court. 

UPDATE 11/22/11 - Latest Foreclosure News - Baum Law Firm Shutting Down 

UPDATE 11/14/11 -  Latest Foreclosure Fraud News for 11/14/11

UPDATE 11/11/10 - Latest Foreclosure Fraud News - Fremont out of business yet still foreclosing?  Judge says "NO"!

UPDATE 11/9/11 - Latest Foreclosure Fraud News

UPDATE - 11/2/11 - Obama trying to ram bank sweetheart deal through with AGs, Congresswoman Marcy Kaptur is calling for "Occupy Foreclosures"

UPDATE 10/21/11 - Mass Register of Deeds calling for a HALT TO ALL FORECLOSURES - Mass. AG Coakley Suing Banks for Foreclosure FRAUD! 

UPDATE 10/18/11 - Calling all Class Action Lawyers - Get Going - MASS. SUPREME COURT RULING: ALL PAST FORECLOSURES ILLEGAL! 

UPDATE 9/16/11 - Classic! More Banks suing each other over Mortgage FRAUD! 

UPDATE 8/29/11 - Sue the Bank - Lawyers Uniting for homeowners around the Country

UPDATE 8/18/11 - MBIA Bond Insurer suit against Bank of America Fraud Mortgages- Postponed 

UPDATE 8/17/11 - State Attorney Generals allowing and Sanctifying Fraud of Wall Street - Covering it up! 

UPDATE 8/8/11 - AIG sue Bank of America and Merril Lynch over all the Mortgage FRAUD they have committed.

UPDATE 8/3/11 - Government to Sanctify Bank of America Foreclosure Fraud?

UPDATE 7/23/11 - Best Explanation of Why the Banks are Getting away with FRAUD - From Michael Rivero of WhatReallyHappened.

UPDATE 6/28/11 - Bank of America to Pay 8.5 BILLION to Investors due to Mortgage FRAUD! 

UPDATE 6/13/11 - Huge Ruling Against MERS - NY Appellate Court

UPDATE 4/21/11 - Erin Barnett, Rick Santelli of CNBC and Joe Lavorgne of Deutsche Bank can go FU*& themselves!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

UPDATE 4/3/11 - 60 Minutes Expose on Foreclosure Fraud of the Banks

UPDATE 3/7/11 - Attorney Generals of the States HAVE SOLD THEIR SOULS TO THE BANKS FOR MONEY!  Settlement with Banks!

UPDATE 3/3/11 - Jeff Thigpin N.C. Register of Deeds Taking ON MERS! 

UPDATE 3/3/11 - My kind of Lawyer George Babcock- Passionate calls banks "Evil Forces"

UPDATE 3/2/11 - HSBC- a MERS bank Suspends ALL Foreclosures!

UPDATE 2/28/11 - Bank Of America - Paid out 46 Billion in 2010 to Pimco and Fed for FRAUD MBS!

UPDATE 2/24/11 - Naked Capitalism phone conversation with MERS counsel - MUST READ!

UPDATE 2/21/11 - NY Supreme Court Rules - EMC (MERS) No rights to foreclose - Homeowner WON (did it pro se) case without a lawyer! 

UPDATE 2/18/11 - Man Able to Foreclose on Wells Fargo Office due to NO response to RESPA letter!

UPDATE 2/17/11 - MERS issues memo - STOP foreclosing in MERS name! 

UPDATE 2/14/11 - HUGE Ruling AGAINST MERS - No Rights to Transfer Mortgages in New York - Judge Bans foreclosure actions of MERS where note and Mortgage separated!  

UPDATE 2/11/11 - ALL Foreclosures STOPPED in Hawaii - State Legislators Passed a Bill STOPPING them ALL for 5 months! 

UPDATE 2/9/11 - U.S. Govt. looking for a way out of Fannie and Freddie and Mortgages

UPDATE 2/2/11 - Court rules, Bank of America allowed to resume foreclosures in Nevada

UPDATE 2/1/11 - Ohio Judge Rules ALL bank foreclosure attorneys have to sign and validate paperwork - bank attorneys file suit to Supreme court, to not have to do that! 

UPDATE 1/31/11 - California Court rules FOR 68 homeowners in one suit, foreclosures stopped - Yet to be certified Class action. 

UPDATE 1/28/11 -  U.S. Justice Dept. investigating Deutsche Bank and FALSE paperwork they file to foreclose!

UPDATE 1/27/11 - Results From the Certified Letter sent to Loan Servicer - Mine and a Readers 

UPDATE 1/27/11 - Law Firm Information for Possible Class Action in Tennessee - I hired them

UPDATE 1/27/11 - Satellite Images of Foreclosure Cities!

UPDATE 1/26/11 - Judge halts ALL Bank of America foreclosures in Nevada - Attorney seeks Class Action Status

UPDATE 1/26/11 - NEED People with Litton Loan as their Servicer in Tennessee - ASAP!  This will NOT cost you a Dime!  Please contact me!

UPDATE 1/25/11 - Bank of America Stops Issuing Default Notices in Non-Judicial states - BUT I know WHY they have and it isn't something good for the people!

UPDATE 1/24/11 - CLASS ACTION against MERS Deutsche Bank, Aurora Loan - California - Attorney Phone # and email - Class Actions are FREE to ALL who join!

UPDATE 1/21/11 - WE ARE WINNING!  Banks Stopping and Dismissing foreclosures themselves - They DON'T WANT THE FIGHT!

UPDATE 1/21/11 - Massachusetts Supreme Court to Rule on a Buyer's right of illegal foreclosure - Lower court already ruled against buyer!  BUYER BEWARE OF FORECLOSURES!

UPDATE 1/17/11 - DO THIS - GET YOUR PROPERTY - FILE QUIET TITLE TODAY - NOTHING MERS BANKS CAN DO ABOUT IT!  

UPDATE 1/17/11 - Maryland Judge TOSSED OUT 10000 FORECLOSURES - From Class Action Suit Brought by University of Maryland Professor and his students!  AWESOME!

UPDATE 1/13/11 - Federal Reserve Changing TILA laws - NO Foreclosure Lawsuits against Banks!  M.F.s!!!!!!!!!!!!!!!!!!!!!!!!!!!  Govt. Allowing them to do so!  

UPDATE 1/13/11 - Record Foreclosures in 2010 - Plea to everyone to get information out to others about Bank Fraud - We have to work together! 

UPDATE 1/12/11 - I believe Class Actions Will start this year for Previous Foreclosures throughout the states!  Buyers beware - Don't touch a Foreclosure!  

UPDATE 1/12/11 - Class Action Suit Started in Washington State - for Existing Homeowners against MERS - EMC Mortgage!  Lawyer Contact Info!

UPDATE 1/11/11 - Very Important - Appeals Court over turns lower court ruling for GMAC in Illinois - DIRECT reason due to a RESPA letter sent!  Send out the RESPA letter immediately - from a previous post!

UPDATE 1/10/11 - Class Action Suit Massachusetts  - Previous Foreclosures against GMAC and Ally Financial - MERS Banks

UPDATE 1/10/11 - Florida Attorney General's Power Point Presentation about the Banks Foreclosure FRAUD!  AWESOME!

UPDATE 1/8/11- I have begun a lawsuit against Goldman Sachs/Litton Loan - MERS - to roll into a Class Action Suit.

UPDATE 1/7/11 - Mass. Supreme Court Rules AGAINST BANKS For Homeowners - No Right to Foreclose!

UPDATE 1/6/11 - FREE AND CLEAR TITLE FOR YOUR HOME IN 90 DAYS - FREE EBOOK - MAKE THIS GO VIRAL - IMPORTANT - PASS TO EVERYONE YOU KNOW!!

UPDATE 1/6/11 - Mass. Supreme Court may UNDO Past Foreclosures!

UPDATE 1/4/11 - I need Bank of America and Litton Loan People in Tennessee - to contact me ASAP!

UPDATE - 12/5/10 - LETTER TO SEND TO MERS SERVICER - STOPS FORECLOSURE!  BEST I HAVE SEEN - THEY CAN NOT FORECLOSE ON YOU!

Information on How Wall Street Has Gotten Away with Selling MBS - One Mortgage Multiple Times!

UPDATE 12/21/10 - New Jersey Judge ordered special hearing with foreclosure plainiffs for Jan. 18th 2011 - may STOP ALL FORECLOSURES! 

UPDATE 12/20/10 - Must Watch Video - A foreclosed Woman Tells Congress Off - American Dream no more and the government does not work for the people anymore!

UPDATE 12/17/10 - New York Judge Denies 127 Foreclosures - Attorneys would not verify and take responsibility for the paperwork!

UPDATE 12/16/10 - IMPORTANT ADD YOUR NAME TO THIS PETITION TO YOUR ATTORNEY GENERAL REQUESTING THEY HOLD THE BANKS ACCOUNTABLE TO THE LOAN FRAUD!  clicking on this, takes you directly to the form!

UPDATE 12/15/10 - Using Research and Identifying Fraud in Assignments - Get out of Foreclosure!

UPDATE 12/14/10 - Bank Nervously Responds to "Where is Note", without providing note - Video!

UPDATE - 12/4/10 - Thousands of Pennsylvania Foreclosures May be VOID!

UPDATE 12/2/10 - All the Trillions of Bailouts to Ultimately Cover Up the MERS fraud?

UPDATE 11/24/10 - Marcy Kaptur on Dylan Ratigan - Excellent Video - Says Banks Run the Country! 

UPDATE 11/16/10 - AG'S Nearing Agreement with Banks on Foreclosure Fraud - It can Continue and Banks are Happy!

UPDATE 11/16/10 - Congress and Senate to Vote on Notarization Act Tomorrow to Coverup Bank Foreclosure Fraud!

UPDATE 11/13/10 - CNBC - Congress Bill to Make MERS Legal!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

UPDATE 11/11/10 - ALERT - CONGRESS HAS BILL TO MAKE ALL BANK FRAUD LEGAL!

UPDATE 11/11/10 - Judges Accomplices to the Fraud of Banks - Ignores the Fraud Overall - Keeps allowing Banks to come back with "correct paperwork"!  No Extra allowances for homeowners, if they get something Wrong!

UPDATE 11/10/10 - Jesse Ventura Show About the Wall Street Fraud 

UPDATE 10/26/10 - Miami Judge UPSET Banks are Halting Foreclosures to Correct Paperwork!

UPDATE 10/26/10 - Article Explaining MERS and How it is a Shell Company and Fraud, From Huffington Post

UPDATE 10/26/10 - How Wall Street Got Away with Selling One Mortgage Multiple Times - from Zerohedge

UPDATE 10/26/10 - Texas Attorney General Served Subpoenas to Loan Servicers regarding Foreclosure Practices.

UPDATE 10/26/10 - Video Dylan Ratinger - The TRUTH of the FRAUD - Govt. Covering it Up Also!

UPDATE 10/26/10 - What Wall Street Funds have FRAUD MBS in them

UPDATE 10/25/10 - European Lynch Mob Coming for Bank of America - Due to Selling them Bad MBS

UPDATE 10/25/10 - Class Action Suit Just Filed in New Jersey Against Bank of America, Directly - A MERS corp Bank

UPDATE 10/25/10 - Class Action Suits Against MERS for States -  California and Tennessee (Tn. Sealed - Paperwork linked )

UPDATE 10/24/10 - Flordia Bar Asso. Letter to Judge on WHY they have NOT complained about Fraudulent Paperwork of Foreclosures!  I Love It!

UPDATE 10/23/10 - MSM Article - A Mess that Can NOT be Papered Over - Some Truth about Mortgage Securities Fraud!

UPDATE 10/23/10 - Georgia Class Action Suit Filed For ALL Homeowners Previously Foreclosed on By MERS!

UPDATE 10/23/10 - Chris Whalen on Bloomberg, Video Explaining Fraud of Banks at the Mortgage Securities Level.

UPDATE 10/22/10 - Florida Attorney General has said "I want the Mess Resolved and Foreclosures To Continue Quickly"!

UPDATE 10/22/10 - Ruling AGAINST MERS - No Secured Trust!

UPDATE 10/22/10 - Memorandum of Law - The Fraud of MERS - Life Cycle of a Loan

UPDATE 10/21/10 - Wall Street In Trouble - Investors Want Their Money BACK From Mortgage Securities and all the Fraud of Foreclosing.... Walls Are Tumbling DOWN!

UPDATE 10/21/10 - HUD Sect. Sounds Like White House Will Protect the Banks No Matter What, also my explanation of Why Servicers Foreclosing is FRAUD! 

UPDATE 10/20/10 - New Restrictions Effective Immediately In New York State - All Lawyers for foreclosures have to take Personal Liability that All Paperwork is Legal! That should stop foreclosures there now :)

UPDATE 10/20/10 - Jim Rickards on King World News - Discussing and Explaining the FRAUD of Banks and Foreclosures!

UPDATE 10/20/10 - A $300,000 Mortgage is Worth 9 Million defaulted and Foreclosed on By Wall Street MERS Banks!

UPDATE 10/20/10 - Two Professors - No Rights For MERS banks to Foreclose - Simple in Reasoning Why!

UPDATE 10/20/10 - Bank of America Being Sued by Investors - BUT I figured Out WHY they have to Foreclose on As many As possible - Starts at the Underwriting!

UPDATE 10/19/10 - SUPREME COURT OF NEW YORK RULES AGAINST WACHOVIA BANK (MERS) No Rights to Foreclose!

UPDATE 10/19/10 - Sheriff in Chicago Says He WILL NOT ENFORCE FORECLOSURES AND EVICT ANYONE - SAYS TO BANKS "PROVE YOU ARE DOING IT LEGALLY"!!  MY HERO!

UPDATE 10/19/10 - Task Force Now Opening Criminal Investigation into Bank Foreclosure Fraud! Due to Mail and Wire Fraud of False Foreclosure Paperwork!

UPDATE 10/18/10 - OUTRAGEOUS - Stern Law office - Gave gifts - the more Foreclosures someone signed the More Gifts!  Gift Giving for making People HOMELESS!!!!

UPDATE 10/16/10 - CNBC Says Govt./Congress Will Pass a Retroactive Law - SANCTIONING THE FRAUD OF THE BANKS - NEGATING THE CONTRACTS SIGNED - LEGALIZING FRAUD!

UPDATE 10/15/10 - Washington STANDS BY THE BANKS! Resist any Foreclosure Halt.  Says 'Paperwork will work itself out"!

UPDATE 10/15/10 - Met Life Bank HALTS FORECLOSURES! Siting "Paperwork Irregularities"!  Yeah, Lets just call it Fraud, shall we!?

 UPDATE 10/15/10 - Wells Fargo WILL NOT HALT FORECLOSURES - Even Though Fraud has been Shown to have happened with their foreclosures!

UPDATE 10/15/10 - Dylan Ratinger - Excellent Video - He is getting out The REAL Truth of the Foreclosure Fraud - People Moving Back into their Homes!


UPDATE 10/14/10 - JP Morgan Wants to ESCAPE MERS - Not using it anymore! Do they think they can change the Fraud now?

UPDATE 10/14/10 - OH My - Here comes the Pension Funds and Investors - NONE Too Happy with Wall Street!  

UPDATE 10/14/10 - White House, US. Govt. Officials and Banks say "Stopping Foreclosures would be Damaging to Homeowners"!  uuhhh.... yeah, sure.....

UPDATE 10/14/10 - Families TAKE BACK Their Homes, Foreclosed on by Fraud - Videos

UPDATE 10/14/10 - Record Foreclosures for Month of September - DO NOT MOVE - STAND UP!  FIGHT ANY FORECLOSURE - ALL BANK FRAUD!

UPDATE 10/14/10 - FORECLOSURE FRAUD - IT IS WORST THAN YOU THINK!

UPDATE 10/13/10 - New York State Halts ALL foreclosures!

UPDATE 10/13/10 - Don't Leave Your Homes - Stay in Them! Wall Street Fraud! - Rep. Marcy Kaptur Video!

UPDATE 10/13/10 - 49 STATES TO INVESTIGATE FORECLOSURE FRAUD JOINTLY - BUT NOT ALABAMA!

UPDATE 10/13/10 - KABOOM! GOES THE BANKS CASES AND DEFENSE! 150 Bank Employee Depositions who Stamped the Foreclosures - Some Did Not EVEN KNOW THE MEANING OF THE WORD MORTGAGE!

UPDATE 10/12/10 - Citibank Conference Call - The Real Info given - What is happening now, just "Tip of the Iceberg"!

UPDATE 10/12/10 - Demand the Note is Back - What to Write to Your Mortgage Servicing Company threatening to Foreclose!

UPDATE 10/12/10 - Press TV - International Media Segment with Max Keiser, Cynthia McKinney, regarding Foreclosure Fraud.  Max Keiser says very interesting things.

UPDATE 10/12/10 - My Personal Commentary/Conspiracy Theory - due to all happening with the fraud - of a false flag in the future, with reasoning why.

UPDATE 10/12/10 - Huge Development!  FEDERAL Bankruptcy Trustee JOINS Litigation Against Lenders Processing Services for All Federal Trustees in U.S.!  This is ultimately against MERS - Foreclosure FRAUD!  

UPDATE 10/12/10 - Karl Denninger - Market-Ticker Article - Explains the MERS FRAUD Simply and Perfectly, as it is MUCH MORE than "Paperwork irregularities"!

UPDATE 10/12/10 - WSJ Article - 40 Attorney Generals, Joint Investigation - Article yet again Implies only Paperwork problems! 

UPDATE 10/11/10 - Dylan Ratinger Show on MSNBC with Rep. Brad Miller about the Foreclosure Fraud.

UPDATE 10/11/10 - Jon Stewart, Daily Show - Another segment on Mortgage Foreclosures and the Mortgage Bankers Association, video!  Awesome!

UPDATE 10/11/10 - A thought about Bank fraud upon Obama - How many other elected Officials have had Fraud committed upon them by the banks?  Let's find Out!

UPDATE 10/11/10 - David Morgan Silver-Investor - Radio Interview, Mentions Foreclosure Fraud Influencing the Prices of Metals!

UPDATE 10/11/10 - Obama VICTIM of Robo Notary Signing FRAUD!  CLASSIC!  No Wonder he didn't sign the Bill passed through the Senate!


UPDATE 10/11/10 - One Quarter of All Homes Sold in 2nd Quarter were Foreclosures - This can get Ugly!

UPDATE 10/11/10 - White House does NOT want a Halt to Foreclosures want paperwork "irregularities" fixed and Foreclosures to Continue!

UPDATE 10/10/10 - Video - Great for a LAUGH At the Banks Expense!  Parody of the Foreclosure Fraud by the Banks. LOVE THE VIDEO!

UPDATE 10/10/10 - Video of Ohio Attorney General on Democracy Now saying the Foreclosures ARE FRAUD!

UPDATE 10/10/10 - White House has Known about Servicer Foreclosure Fraud, has Not done anything.

UPDATE 10/9/10 - The Week in review to 10/9/10 - My Youtube MERS Update Video

UPDATE 10/9/10 - Obama changes and clarifies veto from Pocket Veto to Protective Return Veto due to Senate still in Session.

UPDATE 10/9/10 - Litton Loan (Goldman Sachs Mort. Servicing Co - MERS) joins the crowd - FINALLY - halts some Foreclosures.

UPDATE 10/9/10 - MUST READ Article - Understanding the Banking and creation of MERS and how money is created out of Thin Air!

UPDATE 10/9/10 - Biggest FRAUD in History of Capital Markets - Of course it is about MERS mortgages 

UPDATE 10/8/10 - Obama's Veto of Notary Bill a Trick? Will not actually Stand?  Some are saying it is a sham and the Government has pulled one over on the people.

UPDATE 10/8/10 -Attorney Generals in 40 states considering Joint investigation into the Foreclosure Fraud!

UPDATE 10/8/10 - Harry Reid Calls for ALL BAnks to Halt Foreclosures

UPDATE 10/8/10 - Explaining MERS Wall Street Fraud and DO NOT buy a Foreclosure - you can Lose Big Time!

UPDATE 10/8/10 - PNC halts foreclosures in judicial states (23 states)

UPDATE 10/8/10 - Bank of America Halts ALL Foreclosures in ALL States - not just judicial foreclosure states!

UPDATE 10/8/10 -  Jon Stewart Takes on the Bank Foreclosure Fraud!

UPDATE 10/7/10 - MUST WATCH VIDEO - Karl Denninger MSNBC on the Foreclosure Fraud - says Government is part of covering of the fraud.

UPDATE 10/7/10 - Alan Grayson Letter requesting a Stop to ALL foreclosures

UPDATE 10/7/10 - Texas Attorney General Calls for Freeze of Foreclosures and Congress Calls for Federal Investigation. 

UPDATE 10/6/10 - MERS Has Gone RICO - Class Actions - Jim Willie article about MERS!

UPDATE 10/4/10 - Good Morning America Segment on the Foreclosure Fraud

UPDATE 10/4/10 - Shock coming for Wall Street.  All about the foreclosures in judicial and non-judicial states

UPDATE 10/4/10  How to find the Fraud in your Loan Documents - What to Look for!

UPDATE 10/4/10 - MERS tried Quiet Title - Didn't Work - Another Way to Fight Foreclosure!


UPDATE 10/4/10 - Call to Action - CALL YOUR ATTORNEY GENERAL OF YOUR STATE - ASK FOR INVESTIGATION INTO BANK FORECLOSURE FRAUD - What to say

UPDATE 10/03/10 - Videos of Whistleblower and journalist about Mortgage Servicer Fraud!

UPDATE 10/01/10 - Massachusetts Attorney General Calls for a Halt of Foreclosures in that state and an Investigation into the Bank Fraud.
 
UPDATE 10/01/10 - Connecticut Stops ALL foreclosures in the State


 UPDATE 10/02/10 - Citibank and Wells Fargo Committed Foreclosure Fraud Also

UPDATE 10/1/10 - My Youtube Video with what is Happening with MERS - Updates from the week.

UPDATE 9/30/10 - Letter Senator Al Franken Wrote to Treasury and other Govt. Officials Questioning MERS and foreclosures! 


UPDATE 9/30/10 - Rep. Alan Grayson Saying ALL MERS Mortgages are FRAUD ON VIDEO!

UPDATE 9/30/10 - Ohio Attorney General Refers MERS and JP Morgan to Federal Prosecutors
 
UPDATE 9/29/10 - JP Morgan/Chase Stops Foreclosures!

UPDATE 9/28/10 - Bloomberg News Article about Foreclosure Fraud!

UPDATE 9/27/10 -  Letter From Congress to Fannie Mae about Mortgage Foreclosure Fraud

UPDATE 9/22/10 - Washington Post (MSM) article about Mortgage Foreclosure Fraud

UPDATE 9/19/10 -  GMAC Halts All Foreclosures in 23 States - Due to Judge Ruling Finding Mortgage FRAUD

 UPDATE - 9/16/10 - FOX NEWS SEGMENT ON MERS - NO RIGHTS TO FORECLOSE!!

UPDATE 9/16/10 - Survey of MERS Court Judgments - For and Against MERS


UPDATE 8/27/10  Huge Problem For MERS and Past Foreclosures

UPDATE 8/27/10  More Ways Florida Homeowners Can Fight MERS

UPDATE 8/27/10  Treasury Admits Loan Modification Program Was FOR Banks not Homeowners

UPDATE 8/27/10  1 in 7 Houses In Foreclosure

UPDATE 8/23/10 - Utah Judge Stops All Bank of America Foreclosures

UPDATE 8/23/10 - Foreclosure Defense Manual

UPDATE - 8/21/10 - NEW YORK CLASS ACTION SUIT FOR ALL HOMEOWNERS ALREADY FORECLOSED ON AGAINST MERS!

UPDATE - 8/21/10 - CLASS ACTION SUIT IN FLORIDA AGAINST MERS AND MERS LAWYERS

UPDATE - 8/21/10 - My Youtube VIDEOS ABOUT MERS AND SUITS Update

UPDATE 8/20/10 - California Ruling - MERS NO Precedent to Foreclose - 62 Million Homeowners May be OFF the HOOK for their Mortgage!

UPDATE -  Foreclosures Procedures by state

There have been lots of things going on, in the last few months. Not everything I had wanted and many others had wanted. BUT...... there are things happening behind the scenes, so to say.

Here are some Great Sites to keep updated with what is happening with MERS (Mortgage Electronic Registration Service).

First there is a lawsuit here in Tennessee, that now has a "shut down" of information. I got the paperwork and the lawsuit against MERS before it was wiped off the internet. I have contacted the lawyers, but they are bound by a secrecy and "no discussion" ruling of the lawsuit, by the Judge. It is against MERS for the state of Tenn. for billions of money the state has lost, due to MERS not having to file and register changes with the state.

It is the same lawsuit happening in Nevada and California with the Hearnes and Hager lawfirm. I have spoken to them multiple times. They are the same ones, I was searching for representatives in Missouri and other states of people being foreclosed on. I won't even go into, what all I did to find representatives. One set I did find, ended up getting their house free and clear from the mortgage company, due to becoming representatives, so then I had to find others.

Calif - Nevada - MERS Fraud case filed

http://www.rgj.com/article/20100625/...5038/1321/NEWS

EDIT - The link above does not work anymore.

Anyway, that is history. I have been very disappointed with the non-action of suits. I also spent hours and days, contacting many law firms to try and get them interested in a Class Action suit for all Non-judicial foreclosure states.

It seems some action has started once again with suits against MERS.

Links - for those who are interested in Mortgage Fraud information and the latest in what is going on.

Right now - I am inserting this link - which is good for today - where LIVE Arguments are about to happen in Florida - in a landmark case against MERS. I am inserting the Overall link and summary info - you will then need to click to go to the Live Stream on the page.


http://4closurefraud.org/2010/07/14/...in-the-making/

The live stream is here... but it is not working for me right now. The arguments should have already started 9am est.

http://199.242.75.9/internet_stream.asx

Here is the Foreclosure Fraud Site - for getting info about what is going on.

http://4closurefraud.org/

Here is info on a Utah Judge STOPPING All foreclosures in a ruling last month

http://4closurefraud.org/2010/06/06/...rvicing-et-al/

This is a Great site - it is ALL MERS fraud info - has a law library link and you can get any and all info you need about what is happening in foreclosures.

http://www.msfraud.org/

A person who got her house from judge ruling in April

http://www.msfraud.org/law/lounge/me...oraslammed.pdf

Another site - for foreclosure defense:

http://foreclosuredefensenationwide.com/

Go to this link and save the pdf pages on your computer- the MERS depo. lawyer tears apart MERS case! *** note the pages 1 to 58 - are upside down.

http://www.getdshirtz.com/mers.htm



Some good OVERALL Info about MERS - from link

http://homesolutioncounselors.com/ca...attorneys-blog

There were many rulings against MERS last year - from the Kansas Supreme Court - to New York and other states.



To understand MERS and rulings against them - please see the following links.

http://dannlaw.wordpress.com/2009/10...-pursue-cases/


http://www.upi.com/Real-Estate/2009/.../7301254678994

http://indianalawblog.com/archives/2..._in_kansa.html


http://theforeclosuredetonator.wordp...of-homeowners/

http://www.dsnews.com/articles/mers-...ing-2009-09-30

http://www.globalresearch.ca/index.p...&aid=15324 - Kansas Supreme Court Ruling against MERS



http://www.webofdebt.com/articles/mers.php


http://www.projo.com/business/conten...5.1c5d26b.html


http://www.nytimes.com/2009/10/25/bu...ss&emc=rss New York judge ruling against MERS - forgave whole debt!

From this one link - is this Information on MERS

http://homesolutioncounselors.com/category/attorneys-blog

Prepare to be overwhelmed with the purposeful confusion MERS aims to achieve.


MERS Basic Corporate Information

* MERS is incorporated within the State of Delaware.
* MERS was first incorporated in Delaware in 1999.
* The total number of shares of common stock authorized by MERS’ articles of incorporation is 1,000.
* The total number of shares of MERS common stock actually issued is 1,000.
* MERS is a wholly owned subsidiary of MERSCorp, Inc.
* MERS’ principal place of business at 1595 Spring Hill Road, Suite 310, Vienna, Virginia 22182
* MERS’ national data center is located in Plano, Texas.
* MERS’ serves as a “nominee” of mortgages and deeds of trust recorded in all fifty states.
* Over 50 million loans have been registered on the MERS system.
* MERS’ federal tax identification number is “541927784”.

The Nature of MERS’ Business

* MERS does not take applications for, underwrite or negotiate mortgage loans.
* MERS does not make or originate mortgage loans to consumers.
* MERS does not extend any credit to consumers.
* MERS has no role in the origination or original funding of the mortgages or deeds of trust for which it serves as “nominee”.
* MERS does not service mortgage loans.
* MERS does not sell mortgage loans.
* MERS is not an investor who acquires mortgage loans on the secondary market.
* MERS does not ever receive or process mortgage applications.
* MERS simply holds mortgage liens in a nominee capacity and through its electronic registry, tracks changes in the ownership of mortgage loans and servicing rights related thereto.
* MERS© System is not a vehicle for creating or transferring beneficial interests in mortgage loans.
* MERS is not named as a beneficiary of the alleged promissory note.

Ownership of Promissory Notes or Mortgage Indebtedness

* MERS is never the owner of the promissory note for which it seeks foreclosure.
* MERS has no legal or beneficial interest in the promissory note underlying the security instrument for which it serves as “nominee”.
* MERS has no legal or beneficial interest in the loan instrument underlying the security instrument for which it serves as “nominee”
* MERS has no legal or beneficial interest in the mortgage indebtedness underlying the security instrument for which it serves as “nominee”.
* MERS has no interest at all in the promissory note evidencing the mortgage indebtedness.
* MERS is not a party to the alleged mortgage indebtedness underlying the security instrument for which it serves as “nominee”.
* MERS has no financial or other interest in whether or not a mortgage loan is repaid.
* MERS is not the owner of the promissory note secured by the mortgage and has no rights to the payments made by the debtor on such promissory note.
* MERS does not make or acquire promissory notes or debt instruments of any nature and therefore cannot be said to be acquiring mortgage loans.
* MERS has no interest in the notes secured by mortgages or the mortgage servicing rights related thereto.
* MERS does not acquire any interest (legal or beneficial) in the loan instrument (i.e., the promissory note or other debt instrument).
* MERS has no rights whatsoever to any payments made on account of such mortgage loans, to any servicing rights related to such mortgage loans, or to any mortgaged properties securing such mortgage loans.
* The note owner appoints MERS to be its agent to only hold the mortgage lien interest, not to hold any interest in the note.
* MERS does not hold any interest (legal or beneficial) in the promissory notes that are secured by such mortgages or in any servicing rights associated with the mortgage loan.
* The debtor on the note owes no obligation to MERS and does not pay MERS on the note.

MERS’ Accounting of Mortgage Indebtedness / MERS Not At Risk

* MERS is not entitled to receive any of the payments associated with the alleged mortgage indebtedness.
* MERS is not entitled to receive any of the interest revenue associated with mortgage indebtedness for which it serves as “nominee”.
* Interest revenue related to the mortgage indebtedness for which MERS serves as “nominee” is never reflected within MERS’ bookkeeping or accounting records nor does such interest influence MERS’ earnings.
* Mortgage indebtedness for which MERS serves as the serves as “nominee” is not reflected as an asset on MERS’ financial statements.
* Failure to collect the outstanding balance of a mortgage loan will not result in an accounting loss by MERS.
* When a foreclosure is completed, MERS never actually retains or enjoys the use of any of the proceeds from a sale of the foreclosed property, but rather would remit such proceeds to the true party at interest.
* MERS is not actually at risk as to the payment or nonpayment of the mortgages or deeds of trust for which it serves as “nominee”.
* MERS has no pecuniary interest in the promissory notes or the mortgage indebtedness for which it serves as “nominee”.
* MERS is not personally aggrieved by any alleged default of a promissory note for which it serves as “nominee”.
* There exists no real controversy between MERS and any mortgagor alleged to be in default.
* MERS has never suffered any injury by arising out of any alleged default of a promissory note for which it serves as “nominee”.

MERS’ Interest in the Mortgage Security Instrument

* MERS holds the mortgage lien as nominee for the owner of the promissory note.
* MERS, in a nominee capacity for lenders, merely acquires legal title to the security instrument (i.e., the deed of trust or mortgage that secures the loan).
* MERS simply holds legal title to mortgages and deeds of trust as a nominee for the owner of the promissory note.
* MERS immobilizes the mortgage lien while transfers of the promissory notes and servicing rights continue to occur.
* The investor continues to own and hold the promissory note, but under the MERS® System, the servicing entity only holds contractual servicing rights and MERS holds legal title to the mortgage as nominee for the benefit of the investor (or owner and holder of the note) and not for itself.
* In effect, the mortgage lien becomes immobilized by MERS continuing to hold the mortgage lien when the note is sold from one investor to another via an endorsement and delivery of the note or the transfer of servicing rights from one MERS member to another MERS member via a purchase and sale agreement which is a non-recordable contract right.
* Legal title to the mortgage or deed of trust remains in MERS after such transfers and is tracked by MERS in its electronic registry.

Beneficial Interest in the Mortgage Indebtedness

* MERS holds legal title to the mortgage for the benefit of the owner of the note.
* The beneficial interest in the mortgage (or person or entity whose interest is secured by the mortgage) runs to the owner and holder of the promissory note and/or servicing rights thereunder.
* MERS has no interest at all in the promissory note evidencing the mortgage loan.
* MERS does not acquire an interest in promissory notes or debt instruments of any nature.
* The beneficial interest in the mortgage (or the person or entity whose interest is secured by the mortgage) runs to the owner and holder of the promissory note (NOT MERS).

MERS As Holder

* MERS is never the holder of a promissory note in the ordinary course of business.
* MERS is not a custodian of promissory notes underlying the security instrument for which it serves as “nominee”.
* MERS does not even maintain copies of promissory notes underlying the security instrument for which it serves as “nominee”.
* Sometimes when an investor or servicer desires to foreclose, the servicer obtains the promissory note from the custodian holding the note on behalf of the mortgage investor and places that note in the hands of a servicer employee who has been appointed as an officer (vice president and assistant secretary) of MERS by corporate resolution.
* When a promissory note is placed in the hands of a servicer employee who is also an MERS officer, MERS asserts that this transfer of custody into the hands of this nominal officer (without any transfer of ownership or beneficial interest) renders MERS the holder.
* No consideration or compensation is exchanged between the owner of the promissory note and MERS in consideration of this transfer in custody.
* Even when the promissory note is physically placed in the hands of the servicer’s employee who is a nominal MERS officer, MERS has no actual authority to control the foreclosure or the legal actions undertaken in its name.
* MERS will never willingly reveal the identity of the owner of the promissory note unless ordered to do so by the court.
* MERS will never willingly reveal the identity of the prior holders of the promissory note unless ordered to do so by the court.
* Since the transfer in custody of the promissory note is not for consideration, this transfer of custody is not reflected in any contemporaneous accounting records.
* MERS is never a holder in due course when the transfer of custody occurs after default.
* MERS is never the holder when the promissory note is shown to be lost or stolen. 

MERS’ Role in Mortgage Servicing

* MERS does not service mortgage loans.
* MERS is not the owner of the servicing rights relating to the mortgage loan and MERS does not service loans.
* MERS does not collect mortgage payments.
* MERS does not hold escrows for taxes and insurance.
* MERS does not provide any servicing functions on mortgage loans, whatsoever.
* Those rights are typically held by the servicer of the loan, who may or may not also be the holder of the note.

MERS’ Rights To Control the Foreclosure

* MERS must all times comply with the instructions of the holder of the mortgage loan promissory notes.
* MERS only acts when directed to by its members and for the sole benefit of the owners and holders of the promissory notes secured by the mortgage instruments naming MERS as nominee owner.
* MERS’ members employ and pay the attorneys bringing foreclosure actions in MERS’ name.
MERS’ Access To or Control Over Records or Documents

* MERS has never maintained archival copies of any mortgage application for which it serves as “nominee”.
* In its regular course of business, MERS as a corporation does not maintain physical possession or custody of promissory notes, deeds of trust or other mortgage security instruments on behalf of its principals.
* MERS as a corporation has no archive or repository of the promissory notes secured by deeds of trust or other mortgage security instruments for which it serves as nominee.
* MERS as a corporation is not a custodian of the promissory notes secured by deeds of trust or other mortgage security instruments for which it serves as nominee.
* MERS as a corporation has no archive or repository of the deeds of trust or other mortgage security instruments for which it serves as nominee.
* In its regular course of business, MERS as a corporation does not routinely receive or archive copies of the promissory notes secured by the mortgage security instruments for which it serves as nominee.
* In its regular course of business, MERS as a corporation does not routinely receive or archive copies of the mortgage security instruments for which it serves as nominee.
* Copies of the instruments attached to MERS’ petitions or complaints do not come from MERS’ corporate files or archives.
* In its regular course of business, MERS as a corporation does not input the promissory note or mortgage security instrument ownership registration data for new mortgages for which it serves as nominee, but rather the registration information for such mortgages are entered by the “member” mortgage lenders, investors and/or servicers originating, purchasing, and/or selling such mortgages or mortgage servicing rights.
* MERS does not maintain a central corporate archive of demands, notices, claims, appointments, releases, assignments, or other files, documents and/or communications relating to collections efforts undertaken by MERS officers appointed by corporate resolution and acting under its authority.

Management and Supervision

* In preparing affidavits and certifications, officers of MERS, including Vice Presidents and Assistant Secretaries, making representations under MERS’ authority and on MERS’ behalf, are not primarily relying upon books of account, documents, records or files within MERS’ corporate supervision, custody or control.
* Officers of MERS preparing affidavits and certifications, including Vice Presidents and Assistant Secretaries, and otherwise making representations under MERS’ authority and on MERS’ behalf, do not routinely furnish copies of these affidavits or certifications to MERS for corporate retention or archival.
* Officers of MERS preparing affidavits and certifications, including Vice Presidents and Assistant Secretaries, and otherwise making representations under MERS’ authority and on MERS’ behalf are not working under the supervision or direction of senior MERS officers or employees, but rather are supervised by personnel employed by mortgage investors or mortgage servicers. 

I hope to add more things as time goes by. But I hope the above gets you started on looking at MERS and the Fraud. Though there may not be much talk about it, there ARE things happening behind the scenes!