Wells Fargo caught with "how to defraud homeowners" manual.

[ms.smiler]

73. Crash2Parties, I’m delighted to welcome such a well informed person to DU.

You wrote: “Given that, how can they legally hand over the deed when someone makes that final payment?”

I’ll answer you by stating that after MERS broke the chain of Title and clouded the Title, and after secured debt was converted into legally unsecured debt, and securities, insurance and tax fraud transpired, there is no valid Deed and clear Title or valid Satisfaction of Mortgage for the homeowner to receive upon completion of their payments.

You wrote: “Why are any of us forced to pay them each month?”

I’ll answer by stating that most homeowners don’t even understand how a securitized mortgage differs from a traditional mortgage. They don’t understand how securities fraud on Wall Street is directly connected to our mortgage loans and property Titles here on Main Street. They make their mortgage payments with no idea their Titles are clouded, with no idea their mortgage could be invalid, and with no idea that they could be foreclosed the same as someone who ceased making payments.

Some homeowners though are wise to the securitization scheme. They are researching and examining their options. They are biding their time until they decide on the appropriate time and type of action best suitable to their situation. dixiegrrrrl falls into that category.

And then there are the informed homeowners, actively fighting this massive fraud. There are the homeowners with and without counsel fighting their fraudulent foreclosures, or fighting to win their homes free of debt in bankruptcy, or fighting to clear their Titles with Quiet Title actions like myself.




I wrote in a post once that millions of documents filed in our land records is established evidence of the largest financial crime in history – waiting to be used in court. Think of your Recorders office as a crime scene because it is. How nice and thoughtful it was of the banksters to not only supply the rope, but store it so close to our own homes.

Millions of such fraudulent documents are preserved in court records for those homeowners already wrongfully foreclosed. As I mentioned in another post, there is no statute of limitations on fraud upon the court.

As time progresses, more and more enlightened homeowners rise in opposition to the fraud. Increasing numbers of homeowners are fighting wrongful foreclosures and filing Quiet Title actions and securing their property rights in bankruptcy.

The solution that I see is a transformational court ruling arising out of some homeowner lawsuit somewhere. (I’ll share my wildest dream with you.) I reside in PA and MERS is not a lawful mortgagee and my mortgage is therefore invalid. Now imagine the difficulty for MERS to come to court and prove they are a beneficiary. When, where and how was MERS ever a beneficiary of my loan? Now imagine MERS can prove no such thing and the court rules that my mortgage is invalid because it lacks a lawful mortgagee. Oh my fellow Pennsylvanians could line up at their court houses to cite ms.smiler v Advantage Financial, MERS and Nationstar and kick their invalid mortgages to the curb.

Isn’t that a wild dream? That’s the sort of solution though I believe may happen at some point in time in this fight. So many people are coming at this fraud from such diverse angles that someone; somewhere will eventually strike upon something that dramatically alters the legal landscape for homeowners. It’s just a matter of time.