MERS/MBS/Foreclosure Goes RICO - CLASS ACTION SUIT

Banks =

short the fuckers NOW

[link to www.scribd.com]

the actual document HERE

:pinnthis1:

bout time those fucks got whats coming to them.

i asked for a pin av

thanks for the pin 4x2
:fonzicool:

av ill be posting from my cell while im out.

its gonna get real ugly...short the fuckers

get ready to rumble

av theres some important shit im gonna add that ill disclose from the road

so is Harrisburg officially bankrupt yet?

Whats all the cheering about? Everytime another bank goes under, or another mortgage fails we the people are insuring those bastards. Its the peoples loss...



just sayin
see what I'm sayin

And after nothing comes out of this, it will be time for hangings.

The banks are generally shut down before they are completely broke. There are values they are not allowed to drop below, or else they'll be taken over.

Yes, there will be a cost. But there is also some value to be recovered. Quite frankly, I think we should sell off half of every branch of every bank that is taken over. You can't go a half mile in any direction without hitting a bank around here. How many of those buildings need to remain open?

Watch for some major distractions away from this unraveling octopus! Most can't wrap their brain around the all the tentacles yet, but all hell will break loose when it starts to sink in that the lawyer's, the judges, the government, the media etc..etc..are all tools that made this monster of deception possible.

I've read the whole document. This potential Class Action suit (only a complaint at the moment) encompasses all property owners that has ever had a mortgage in the name of MERS. It seeks to attain damages at roughly 3 times the value of the property plus the title quieted to them. It explains in great detail how extent the fraud is and how the banks, as trustees of MERS, knowingly partook in the MERS scam as so the mortgages can be traded electronically as Mortgage Backed Securities and mortgage note never required to be signed in writing when ownership of the said mortgage was sold to another. There is virtually now way to show the chain of ownership and often times the mortgage note has already been paid for, sold, and was itself lost or destroyed.

Last Edited by Digital Rapture on 10/04/2010 08:15 AM

so how likely is it that someone would just stop paying a mortgage and hope to keep a house due to this issue... im still going to be paying my mortgage off.

What is MERS and MBS?

How does one know if their mortgage was one that is in the class action suit?

thanks in advance...

this is mind blowing...this will crater all the TBTF banks

boooyaahhhh

MERS (Mortgage Electronic Systems, Inc & MERSCORP) is an electronic registration system created by the banks. They purposefully put the mortgage in the name of MERS (check your mortgage agreement to see if MERS is your mortgagee)

MBS (Mortgage Backed Securities) are securities created even before any loan is even given, comprised of about 5,000 mortgage, sold to investors on Wall Street. "From the time of the Great Depression up and until 1999, the conversion of loans into MBS was illegal."

Last Edited by Digital Rapture on 10/04/2010 08:44 AM

They did the same thing with our federally backed school loans.

However, I doubt anything will ever come of it, because the federal government makes up the rules as it goes these days.

im 100% positive my home loan (countrywide => BOA) is MERS. I still cant justify not paying my loan to risk having my credit all jacked up. I know you can argue about not having CC, and paying only in cash, etc, but owning a small business and NOT having credit is simply NOT an option for me.

I believe I am part of the class, but I'm not sure what will be covered since I only bought my home in 2008 just prior to BOA taking over all of Countrywide's loans.

Allonge and Stellionate

These are terms associated with financial crimes (stellionate is selling the same thing to more than one buyer); allonge is a tracking document usually attached to a bill of exchange.

We may hear more of this with the MERS mess and with the multiple paper claims on commodities - especially the metal gold.

You may wish to acquaint yourself with these terms.

Here is one hit for allonge: [link to www.wisegeek.com]

One of many hits for stellionate: [link to legal-dictionary.thefreedictionary.com]

I am part of the class too

Countrywide ==> BOA Servicer for
1st Fannie Mae
2nd Bank of NY Mellon

Thanks! From 1999 on, even tho it was illegal, did they still practice MBS?

If the Class Action suit goes through, you should be notified by mail, as your information would be in the MERS system. McKEEVER LAW OFFICES PLLC is the law firm hoping to file the suit.

Awesome post, Avian!!!

I'm looking forward to Phenn coming back online. I've been looking for her thread from a while back that tells people how to challenge the bank for the note and take possession of your property if they can't produce it.

This is so obvious, I wonder why people haven't talked about RICO before.

If banks can't modify loans because they can't unravel the chain of mortgage owners, that problem obviously goes both ways... they are selling ownership in phantom-mortgage backed certificates to the investors.

you betcha!

Where is this law firm located??? Whom to contact?

I've been wondering if all this bank foreclosure mess has been holding up home loan approvals.
Three weeks ago my SO applied for a home loan, with his 800 credit score, stellar work history, excellent salary, etc. and was told he was already approved over the phone, the appraisal set up and then this broke--- now silece.
So that begs the question, are banks holding up home loans while this mess gets sorted out?

btw: I just want to mention about that excellent salary:
Before the recession he managed an engineering team of ten, now he is the engineering team. He is being paid the same as he was before but doing the job of 11 people and I am not kidding. He gets so stressed and exhausted; I worry myself sick over him with this work load.