Mortgage securitization created gaps and breaks in the chain of Title so there are no legitimate documents. This is why document mills exist, to fraudulently recreate the mortgage loans in favor of the banks and their mortgage servicing companies that never funded the loans in the first place.
Once I understood securitized mortgages, I realized that my mortgage payments would never obtain for me a valid Deed and clear Title. Moreover, like so many other mortgages, my 30 year fixed rate mortgage contained fraud.
Then the banksters filed not one but two of those fraudulent documents on my property, so of course I sued.
I’d like homeowners to develop an understanding of securitized mortgages, as well as understand that the same invalid and fraudulent documents that are filed in foreclosure suits and the land records are also filed in the land records when homeowners refinance or pay off their mortgage loans.
I’ve spent hours and hours searching land records in dozens of counties across the country and it is accurate to declare that the banksters have absolutely trashed our property records.
I’m so very pleased that Attorney General Madigan has filed suit against this document mill. I haven’t yet read the Complaint but it appears that the Attorney General wants to correct their land records. That is something that will actually need to be done in every state of the union.
Interview with Register of Deeds John O’Brien, Southern Essex County, Massachusetts – an audit of his records determined that 75% of Assignments were invalid.
http://video.msnbc.msn.com/nightly-news/45526910
I’ve been researching mortgage/foreclosure fraud for 3½ years. I filed suit against my mortgage servicer and the trial is presently scheduled for May.
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