MERS DEATH ZONE - Double Class Action Lawsuits Filed Against Mortgage Registration Puppet
Scroll down for VIDEO - Interview with MERS CEO
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IN THE SUPERIOR COURT OF FULTON COUNTY
STATE OF GEORGIA
DUSTIN ROLLINS
v.
MORTGAGE ELECTRONIC :
REGISTRATION SYSTEMS, Inc.;
and MERSCORP, Inc
The Plaintiff shows herein that MERS’ foreclosure on Plaintiff’s property was not valid and was wrongful, as are those foreclosures by MERS on the property in the State of Georgia of all similarly situated persons to the Plaintiff wherein MERS sent the notice of foreclosure to the debtor and wherein MERS purports to have exercised the power of sale and auctioned the property. MERS does not have the authorized power to send a valid notice of foreclosure within the State of Georgia for those deeds where it is “solely a nominee” and does not have the authority or power under Georgia law to foreclose on a property or engage in an auction of sale on such property where is is “solely a nominee” on such deeds.
Dustin Rollins v Mers Class Action Suit
We can only imagine the blood-curdling feeding frenzy as trial lawyers gash the bones and suck the marrow from the fraudulent banks.
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Scribd Document: Class Action vs Mortgage Electronic Registration Systems, Gmac, Deutsche Bank, Nation Star, Aurora, Bac, Citigroup, Us Bank, Lps, Et Al
From page 75 of the Kentucky complaint:
- "From the time of the Great Depression up and until 1999, the conversion of loans into MBS was illegal. The Banking Act of 1933 established the Federal Deposit Insurance Corporation (FDIC) in the United States and introduced banking reforms, some of which were designed to control speculation of the exact nature of what has taken place in the last several years. It was commonly known as the Glass–Steagall Act. Over the years provisions of the Act were eroded little by little, until the Act was finally killed with the last repeal of the section which prohibited a bank holding company from owning other financial companies. This was accomplished with the Gramm–Leach Act."
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Fox Video: CEO R.K. Arnold discusses how the company and its database are involved in the nation's foreclosure mess.
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You can also verify your loan servicer with MERS online -- takes 45 seconds:
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And you can find out if Fannie or Freddie own your note:
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Related stories:
Jan 7, 2011 at 10:20 PM
Reader Comments (12)
http://dailybail.com/home/financial-times-the-real-danger-here-for-banks-is-that-show.html
http://dailybail.com/home/so-it-begins-bank-of-america-accused-of-racketeering-in-clas.html
http://dailybail.com/home/foreclosure-fraud-mers-in-the-spotlight-interview-with-ceo-r.html
Most recent data shows a two-month 5.9% price decline representing a magnitude and speed of decline not seen since March 2009; similar declines for September and October expected to appear in other industry indices in coming months.
http://www.clearcapital.com/company/pr_details.cfm?source=patrick.net&position=30686#header
There’s been plenty of recent media attention to the prospect of investor lawsuits over fraudulent mortgages and mortgage securities. But investor lawsuits against mortgage servicers could be even more damaging than these other lines of legal inquiry. The four largest banks hold nearly half a trillion dollars worth of second-lien mortgages on their books—loans that could be decimated if investors successfully target improper mortgage servicing operations. The result would be major trouble for the financial system. The result would be major trouble for too-big-to-fail behemoths.
http://blogs.alternet.org/speakeasy/2010/10/21/the-elephant-in-the-foreclosure-fraud-room-second-liens/
"From the time of the Great Depression up and until 1999, the
conversion of loans into MBS was illegal. The Banking Act of 1933 established the
Federal Deposit Insurance Corporation (FDIC) in the United States and introduced
banking reforms, some of which were designed to control speculation of the exact nature
of what has taken place in the last several years. It was commonly known as the Glass–
Steagall Act. Over the years provisions of the Act were eroded little by little, until the
Act was finally killed with the last repeal of the section which prohibited a bank holding
company from owning other financial companies. This was accomplished with the
Gramm–Leach Act."
http://news.firedoglake.com/2010/10/25/the-roundup-228/
2nd story at the top...