Bank Foreclosure Fraud "WHAT DOES A MORTGAGE NOTE LOOK LIKE" -Trompe l'oeil

[2237lemon]

basically, any entity with the name MAC at the end bankruptred America by buying up everything from the originators, registering as Remics , dicing up the promissory's and mortgages from each other, selling the promissory side (to a REIT) and insuring it against non payment with a swap for a premium...still holding the mortgage side in trust knowing that in default the swap would make the mortgage theirs at the market rate... except that the wave of nonpayment all at once made the prices tumble

[pushycatpops]

My Husband and I purchased my Grandpas home upon his death. We lived there 17 years.We remolded and raised our kids there. My Husband was injured at work. We refinanced our home at that time. I didnt understand APR, until 6 months later. They raised our mortgage $600 a month. It went from $900 to $1,500. Needless to say we lost our home.

[spectrum0590]

This is a essential document to be able to understand what is bank foreclosure fraud. Thanks for sharing this information.

[GeorgeVreelandHill]

Time to stop the banks.

George Vreeland Hill

[lightnlove36]

BoA keeps trying to take our home and raise the mortage on us,takes us to court seems like almost every 7 months even after they have set a mortage price,but somehome they always jack it up by a few hundred.BOA you want our home come the eff and take it I guarntee there will not be nething to take,we will strip all from it

[akisland7]

Good Video, When a note is securitized, it is transferred to a SPV and then to a Securitization Trust. To transfer to the trust, and meet the "true sale" requirements, the Trust has to represent that it holds the Note and the Mortgage in the "Pooling and Servicing Agreement". However, at the county level, the Mortgage is recorded in MERS name, not the Trust's. So when they want to foreclose, they don't want to point at the trust to expose its fraud, so they assign from MERS.

[suzanpaula]

Thanks so much...Bank of America is surely getting a letter from me!

[FossilRock]

@ 2:49 what document are you looking at, and where can I get a copy of it?

Thanks

[bearhamo]

Our ENTIRE system is based on fraud. Even the IRS does it. They file a Notice of Lien. If you do a FOIA request for the actual lien with your county...there is no lien. Good video. Thanks.