Tag Archives: MERS

Blagojevich gets 14 years, but what about these guys?

By Michael Collins


(Washington, DC) Former Illinois governor Rod Blagojevich just got 14 years in prison. He wheeled and dealed to leverage contributions and other favors based on his position as governor. He was indicted by former special prosecutor Patrick Fitzgerald (who tanked the Valerie Plame case).

Maybe it was the former governor’s colorful (and to some vulgar) language captured on audio tapes or his brash style. Regardless of the motives, the time, money and attention wasted on his indictment and trial stands in stark contrast to the crimes never prosecuted, crimes that resulted in death, unnecessary illness and suffering, and the loss of trillions of dollars caused by the perpetrators of the current economic crisis. (Image: michaelpickard)

While prosecutors pick easy targets like Blagojevich, serious crimes go unprosecuted.

President George W. Bush and Vice President Richard Cheney lied about the basis for invading Iraq. As a result, they are responsible for the deaths of soldiers resulting from that invasion and occupation.
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Nevada Makes Illegal Foreclosures Felony

By Mike Colpitts
Housing Predictor

Responding to homeowner complaints, Nevada has become the first state in the nation to make illegally repossessing a home a felony, and cash may send bankers to jail for doing such. The new law was enacted after tens of thousands of homeowners complained to lawmakers about their homes being foreclosed without proof of ownership.

The outcry of consumer complaints over illegal robo-signing tactics has produced a series of lawsuits against mortgage servicing companies and banks in Nevada, which has led the U.S. in foreclosures six straight years.

The Nevada law makes it a felony for a mortgage servicer or trustee of a mortgage to make false representations concerning a title such as claiming that they are an executive of a bank or mortgage servicer, which was the case in at least hundreds of thousands, perhaps millions of robo-signings.

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Massachusetts Supreme Court Voids Most Foreclosure Sales from Past 5 Years

the_money_trail
By Gregory M. Lemelson
The Daily Bail

On Oct. 18th, 2011 the Massachusetts Supreme Judicial Court handed down their decision in the Francis J. Bevilacqua, III vs. Pablo Rodriguez – and in a moment, essentially made foreclosure sales in the commonwealth over the last five years wholly void. However, some of the more polite headlines, undoubtedly in the interest of not causing wide spread panic simply put it “SJC puts foreclosure sales in doubt” or “Buyer Can’t Sue After Bad Foreclosure Sale

In essence, the ruling upheld that those who had purchased foreclosure properties that had been illegally foreclosed upon (which is virtually all foreclosure sales in the last five years), did not in fact have title to those properties.

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Scalia Sets Standard for Massive Mortgage Fraud Class Action Law Suit

Citing recent Supreme Court decisions as well as Executive Orders issued by Presidents Bush and Obama, Michael Collins looks closely at the fraudulent Mortgage Electronic Registration System, showing a pattern of judicial and executive corruption.


By Michael Collins

There hasn’t been much in the way of justice for the average citizen for quite a while. Often, those accused of crimes cannot afford adequate representation and are subject to “let’s make a deal justice.” If you’re unfortunate enough to be sued or party to a divorce proceeding, you soon learn that the court system is an entitlement program for attorneys, not a civilized means of settling disputes. (Image)

The last decade has been devastating for what many thought were inviolable fundamental rights.

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ForeclosureGate Deal – The Mandatory Cover Up

By Michael Collins

The Federal government is about to settle the ForeclosureGate affair, according to a report in the New York Times on April 9. The Times noted that twelve million homes will be lost by 2012. Home equity values are down by $5.6 trillion since the real estate crash.

The draft agreement released to American Banker shows another corporate-friendly deal designed to maintain the incumbent perpetrators at the expense of the people. (Image: zoonabar)

The proposed settlement culminates an effort by federal prosecutors to address strongly supported allegations of widespread mortgage fraud perpetrated on as many as sixty percent of current mortgage holders. Homeowners were sold mortgages, serviced for the loans, and, in some cases, subjected to foreclosure and eviction based on fictional contracts and collections practices that violate the most basic principles of contract law and specific federal code pertaining to fraudulent debt collection.
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Landmark Decision: Massive Relief for Homeowners and Trouble for the Banks

land-hand-grab-houseBy Ellen Brown

A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S. residential mortgage loans are registered with MERS and recorded in its name. Continue reading