The MERS System is a private electronic database that records the ownership of and servicing rights in home loans. Various financial institutions are members of the MERS System. The MERS Mortgage Recording System. Under the MERS System, the lender owns the home loan borrower's (or mortgagor's) promissory note.
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MERS reserves the right to correct any errors, and presents this information without warranties, express or implied, regarding the information's accuracy, timeliness or completeness. If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767 ...
If you have been following the stories of MERS (Mortgage Electronic Registration System) involvement in the foreclosure crisis you are well aware of MERS and the robo-signers. Courts have been routinely ruling against MERS and the banks. The banks have dismal record keeping procedures and the courts have ruled in favor of the homeowners.
Bank of America (BOA) and GMAC announced Tuesday that they were resuming the prosecution of foreclosures following several weeks of a self imposed moratorium. The moratorium in BOA's case extended to all 50 states while GMAC at first stopped evictions and owned real estate sales 23 states primarily those in which judicial foreclosures were the primary mechanism for …
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Review your documents against the list of known Robo Signers below and if you spot any of these names on your documents contact FRAUD STOPPERS right away so we can help you gain the legal remedy that you deserve. If you spot a known (or unknown) robo-signer on your mortgage, loan, or foreclosure documents we recommend you take immediate action ...
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The " robo-sig ning of affidavits and Assignments of Mortgage and all other mortgage foreclosure documents served to cover up the fact that loan servicers cannot demonstrate the facts required to conduct a lawful foreclosure. If it turns out that robo-signers did indeed sign off on loans without review, they committed fraud by claiming ...
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Anne Allen – alleged robo signer. Barbara Rice – suspected robo signer for CitiMortgage. Bernadette Moore- suspected robo signer. Bethany Smith – a "legal" robo signer for Bank of America. Beverly Brooks- MERS signer is really a consultant. Brett Larson- suspected robo signer for GMAC.
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MERS was designed to make it easy to transfer assignments in modern economics." More MERS/Robo Settlement Talk. by Jim the Realtor | Jan 19, 2011 | Loan Mods, MERS, Psycho-babble | 15 comments. She doesn't say it specifically, but this should be the first step in resolving the MERS/robo-signing debacle with well-rounded settlements for all ...
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Amanda Blankship – suspected robo signer Amy Prophet – suspected robo signer alleged employee of Residential Funding Company, but is really a PROCESSOR at Wells Fargo in Charlotte, NC, Currently holds this position, formerly worked as Loan Closer GreenPoint Mortgage 1993 – 2007 (14 years) Approx. 45 years old.
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