Fannie Mae claims to have owned my mortgage a month BEFORE we bought the house!

[ms.smiler]

29. Samantha, how about you compare MERS cute little theory about the lack of a need to

record Assignments with Pennsylvania law.

21 P.S. § 444 “All deeds and conveyances, … or whereby the title to the same may be in any way affected in law or equity, ……shall be recorded in the office for the recording of deeds where such lands, ….. are lying and being, within ninety days after the execution of such deeds or conveyance, and every such deed and conveyance that shall at any time after the passage of this act be made and executed in this commonwealth, and which shall not be proved and recorded as aforesaid, shall be adjudged fraudulent and void…..”

The banksters most certainly filed the original mortgage liens in the land records. Once the mortgage was established in the lawful land records, the Assignments then took place not within our land records system but within the private MERS database. Think of MERS as a privatized land records system.

Many transfers of the loans took place, all within MERS, not our public land records. This conveniently hid securities fraud that took place on Wall Street. After the Note was used to defraud investors, the mortgage lien is used to defraud homeowners.

MERS created breaks and gaps in the chain of Title so the banksters use robosigned documents to paper over the gaps and create the appearance that they own the loans.

I provide a comprehensive explanation here:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x2412603


By using MERS rather than our land records, the banksters also saved themselves billions of dollars in recordation fees. As a homeowner I realized that the banksters and MERS clouded my property Title and so I filed a lawsuit.

I hope the day arrives soon when homeowners finally realize that the banksters owe them more in damages than whatever the homeowner might still owe in unsecured debt.