After losing my 1st home to servicing fraud related bankruptcy and foreclosure and now my 2nd home, a lease to purchase, to the seller/landlord going broke and giving the house back to the bank, my husband and I are attempting to buy a foreclosure with CASH from his retirement account. We were supposed to close on 3/13/09 and we were unable to because Fannie Mae and MERS can not show proper chain of ownership!! What a total mess for this country!
This is very important because it's showing the emphasis on the ORIGINAL borrower and lender.
This fallout is because of unregulated Securitization of Mortgages for profit and thereby destroying the relationship between ORIGINAL borrower and lender.
With some creative financing along with the help of MERS, Wall Street destabilized the planet with risky bets and shitty record keeping.
Record keeping so shitty, they can't even legally prove they own the debits they're trying to collect.
too funny! Will do!!!
TheZackFiler 1 year ago
After losing my 1st home to servicing fraud related bankruptcy and foreclosure and now my 2nd home, a lease to purchase, to the seller/landlord going broke and giving the house back to the bank, my husband and I are attempting to buy a foreclosure with CASH from his retirement account. We were supposed to close on 3/13/09 and we were unable to because Fannie Mae and MERS can not show proper chain of ownership!! What a total mess for this country!
aprilinheaven 2 years ago
yesssss! Thank you for this video
oyemijo 2 years ago
what can someone do to stop a rocket docket?
banjojambo9 2 years ago
This is very important because it's showing the emphasis on the ORIGINAL borrower and lender.
This fallout is because of unregulated Securitization of Mortgages for profit and thereby destroying the relationship between ORIGINAL borrower and lender.
With some creative financing along with the help of MERS, Wall Street destabilized the planet with risky bets and shitty record keeping.
Record keeping so shitty, they can't even legally prove they own the debits they're trying to collect.
eyewitness043 2 years ago
Comment removed
eyewitness043 2 years ago