Do You Really Own Your Home?

The move to confiscate all privately held wealth in the United States is well underway. In the past few years, we have experienced bail-outs, planned bail-ins, Treasury Secretary Jack Lew is positioning to confiscate all 401k’s and pensions and now the MERS mortgage fraud is accelerating to new heights thanks to a rash of recent State Supreme Court decisions affirming the Mortgage Electronic Registration Systems (MERS) right to foreclose on your home without having recorded a valid title and the foreclosure can take place outside of a courtroom.

For the past 230+ years, the Constitution protected property rights from would-be feudal lords who would suddenly appear with a title to your home and force you out. This practice worked well until the introduction of the MERS Mortgage fraud.

MERS was a conglomeration created by the megabanks for the purpose of administering mortgages. The practice quickly got out of control as one’s home mortgage title could be transfered dozens of times without notifying the homeowner. The practice quickly turned illegal when a homeowner, unknown to them, would be paying their mortgage to a title company that no longer held the title to their home. Then, the title company which currently held the note would show up and lay claim to the home in a repossession proceeding. In some cases, people with completely paid off mortgages had their homes stolen. Eventually, the people pushed back.

Show Me the Note!

At the present rate, it will not be long until private home ownership will become a rare event.

Eventually, activists like Dave Kreiger, author of Clouded Titles, began to train local officials on how establish a chain of custody one a title. Eventually, the “Show me the note” strategy worked well in court as long as one had an attorney and many illegal foreclosures were headed off. Then MERS restored to the illegal practice of “Robo-signors” in which people off the street were paid to forge a homeowners signature on a series of title transfer documents. The issue of illegitimate foreclosures were at a stand off. However, at least homeowners would have their day in court and they could challenge the legitimacy of the title transfer documents. Recently, because MERS parent organizations of Wells Fargo and Bank of America have begun to exercise undue influence in the State Supreme Courts all across this nation, every homeowner is potentially in peril.

….These times are marked by the elite moving to own everything and using the power of the government to accomplish their end-game. Congress is complicit as is the judiciary.

When America emerges from the coming economic collapse, the middle class of this country will own nothing. We will all find ourselves living in the feudal manner with no property rights, bank account or pension. We will soon awaken to the fact that our Constitution is dead and with it all of our rights. And amazingly, we did virtually nothing to stop it.

By Dave Hodges – The Common Sense Show –

Foreclosure Fraud?

Since the Great Recession officially started in December of 2007, millions of people have lost their homes to foreclosures. It turns out that many of those foreclosures may have been fraudulent or in violation of foreclosure laws. According to the Southern Essex County, Massachusetts Register of Deeds, John O’Brien, a forensic audit of his recording files suggests that at least 75% of the mortgage assignments were invalid.

“My registry is a crime scene as evidenced by this forensic examination. The Audit makes the finding that this was not only a MERS (Mortgage Electronic Registration Systems) problem, but a scheme also perpetuated by MERS shareholder banks such Bank of America, Wells Fargo, JP Morgan and others. I am stunned and appalled by the fact that America’s biggest banks have played fast and loose with people’s biggest asset – their homes. This is disgusting, and this is criminal.” Nation of Change

It has been almost 7 years since the financial markets failed and yet the foreclosure crisis continues. In some respects the crisis is unabated. Yes, the foreclosure numbers are now down from their historic highs, but many of the completed foreclosures included these questionable documents and tactics by the banks in question. Plus, the use of these tactics started even before the Great Recession hit. Is there a cost to the economy when Banks allegedly use these “robo-signings”?

….Mr. O’Brien’s experience in Essex County is just one county in one state. However, when the nation’s Attorneys General were poised to settle with various banks in 2012 over the nation-wide foreclosure fraud allegations, O’Brien voiced his concerns to the Massachusetts Attorney General.

[O’Brien wrote] “I implore you not to agree to any settlement that would give criminal immunity to MERS and its member-banks. A settlement that includes this feature will not help the homeowners of MA and will permanently damage chains-of-title and property rights forever, with no hope of resolving the permanent damage that these institutions have caused to titles across the state.”’

It probably should not surprise anyone that the Attorneys General did sign the settlement with the banks and they did not heed Mr. O’Brien’s warning. While the national settlements did provide some relief to homeowners, it has had limited impact on clearing up the title concerns voiced by Register O’Brien and arguably provided limited financial recoveries for the victims of the banks allegedly fraudulent activities.

As expected, no one at any of the banks who signed the Joint State-Federal National Mortgage Servicing Settlements were indicted and brought to justice….

By Lawrence E. Rafferty – JonathanTurley.Org –