MERS Admits NO Interest in Mortgage and No Loss on Default

Arnold admitted MERS does not have a beneficial interest in any mortgage; does not loan money; does not suffer a default if monies are not paid; etc.. The internal agreement used by MERS expressly disavows any beneficial interest.

On September 25, 2009, R.K. Arnold, the President and CEO of MERSCORP, Inc. — the parent corporation of Mortgage Electronic Registration Systems, Inc. was deposed in Alabama. Arnold is also an Officer of MERS. Arnold admitted MERS does not have a beneficial interest in any mortgage; does not loan money; does not suffer a default if monies are not paid; etc. etc. On November 11, 2009, William C. Hultman was deposed in Alabama and made the same admissions. And, of course, the internal agreement used by MERS expressly disavows any beneficial interest.

One tactic, if confronted with a foreclosure in Nevada, is to elect mediation. At the mediation, demand the assignments, i.e., the assignments which would cure the problem (according to Judge Riegle’s March 31, 2009, opinion, as affirmed by Judge Dawson on December 4, 2009). MERS and/or the lender have been unable to produce any such assignments — because they almost certainly do not exist.

Request the Mediator to check the appropriate box, i.e., the box which memorializes a failure by the lender to produce all required documents (all assignments must be produced per AB 149 — incorporated into Chapter 107 of the Nevada Revised Statutes). The requisite Certificate will not issue as a result. The Notice of Default is effectively negated. The “lender” must thereupon issue a new Notice and the borrower is again at liberty to elect mediation within 30 days of receipt thereof. The borrower should pay his or her taxes, and insurance, but not the mortgage — especially if upside down. It is an effective stopgap measure.

If the courts continue to follow the reasoning of Judge Riegle and Dawson a borrower may, if otherwise eligible, declare bankruptcy; bring an adversary proceeding within the bankruptcy; and discharge the “mortgage” debt (which re a MERS mortgage is not really a mortgage but rather an unsecured debt — per Judge Riegle).

Or the borrower may initiate litigation based on causes of action for breach of contract, fraud by omission and racketeering (Chapter 207 of the Nevada Revised Statutes). By conducting systemic predatory lending, and coupling predatory lending with credit default swaps, i.e., bets homes would be foreclosed upon, the lenders breached the implied duty of good faith and fair dealing — the duty to refrain from frustrating the purpose of the contract. Borrowers generally harbored two main purposes — to secure a place to live and to safeguard/create an investment. By engaging in systemic predatory lending the banks frustrated the second purpose. They devalued the collaterized asset and breached the lending contract.

Because this information was not disclosed, fraud by omission occurred. A series of fraudulent act constitutes racketeering, which gives rise to a claim for treble damages, plus fees and costs. Those are the theories.

 

 

Exposing Mortgage Fraud: How FRAUD STOPPERS’ Free Analysis Empowers Borrowers

 

In a stunning revelation, MERS (Mortgage Electronic Registration Systems) has recently admitted that it holds no beneficial interest in any mortgage, does not loan money, and does not suffer default if payments are not made. This admission has raised serious questions about the legitimacy of mortgage practices and the potential for fraud. Fortunately, FRAUD STOPPERS, a leading organization specializing in mortgage fraud analysis, offers a valuable resource for borrowers seeking to protect their rights and potentially benefit from these revelations.

Unveiling the Truth:

During depositions in Alabama, R.K. Arnold, the President and CEO of MERSCORP, Inc., the parent company of MERS, admitted the organization’s lack of beneficial interest in any mortgage. Furthermore, William C. Hultman, another key figure at MERS, affirmed the same admissions. These admissions shed light on the internal agreement used by MERS, which explicitly disavows any beneficial interest.

Implications for Borrowers:

For borrowers facing foreclosure, this revelation has significant implications. One recommended strategy is to opt for mediation if confronted with a foreclosure situation in Nevada. During the mediation process, borrowers can demand the necessary assignments that would rectify the problem, as per Judge Riegle’s opinion. However, MERS and/or the lender often fail to produce the required assignments, suggesting that they may not exist at all.

Taking Advantage of the System:

When attending mediation, borrowers should request the mediator to check the box indicating the lender’s failure to produce all required documents, as mandated by AB 149 and Chapter 107 of the Nevada Revised Statutes. This action prevents the issuance of the requisite certificate and effectively nullifies the Notice of Default. Consequently, the lender must issue a new Notice, providing the borrower with another opportunity to elect mediation within 30 days. During this period, borrowers are advised to fulfill their tax and insurance obligations while refraining from mortgage payments, especially if they are upside down on their loans. This strategic measure serves as an effective stopgap solution.

Legal Recourse for Borrowers:

If the courts continue to adopt the reasoning of Judge Riegle and Dawson, eligible borrowers may consider declaring bankruptcy and initiating an adversary proceeding within the bankruptcy. This approach could potentially lead to the discharge of the “mortgage” debt, which, in the case of MERS mortgages, is deemed an unsecured debt according to Judge Riegle’s ruling.

Furthermore, borrowers may choose to pursue litigation based on causes of action for breach of contract, fraud by omission, and racketeering, as outlined in Chapter 207 of the Nevada Revised Statutes. By demonstrating that systemic predatory lending occurred, coupled with the utilization of credit default swaps, borrowers can argue that the lenders breached the implied duty of good faith and fair dealing. The devaluation of collateralized assets and the failure to disclose vital information constitute fraud by omission. This series of fraudulent acts could potentially be categorized as racketeering, thereby enabling borrowers to claim treble damages, plus fees and costs.

Leveraging FRAUD STOPPERS’ Free Mortgage Fraud Analysis:

In light of these revelations, borrowers must be proactive in safeguarding their rights and potentially benefiting from the situation. FRAUD STOPPERS offers a free mortgage fraud analysis service, providing borrowers with expert guidance and evaluation of their mortgage agreements. By leveraging their expertise, borrowers can gain a comprehensive understanding of their legal options and potential avenues for redress.

The recent admission by MERS regarding its lack of beneficial interest in mortgages has exposed a potential web of fraud within the mortgage industry. Borrowers now have an opportunity to challenge the legitimacy of their loans and seek compensation for any harm they may have suffered.

Unmasking Mortgage Fraud: FRAUD STOPPERS and Bloomberg Securitization Audit Empowering Homeowners in the Battle against Foreclosure

In a shocking revelation, MERS (Mortgage Electronic Registration Systems) has recently admitted that it possesses no beneficial interest in any mortgage, does not loan money, and does not suffer default if payments are not made. This stunning admission raises serious questions about the integrity of mortgage practices and the potential for fraud. Fortunately, FRAUD STOPPERS, a trusted organization renowned for its expertise in mortgage fraud analysis, offers invaluable assistance to homeowners seeking to protect their rights and take advantage of this new development. Additionally, the Bloomberg Securitization Audit, offered by FRAUD STOPPERS, provides homeowners with powerful tools to fight foreclosure and uncover potential legal avenues for recourse.

Unveiling the Truth:

During depositions in Alabama, R.K. Arnold, the President and CEO of MERSCORP, Inc., the parent company of MERS, admitted the organization’s complete lack of beneficial interest in any mortgage. This astonishing revelation was further substantiated when William C. Hultman, another prominent figure at MERS, echoed the same admissions. These admissions shed light on the internal agreement employed by MERS, which explicitly disavows any beneficial interest in mortgages.

Implications for Homeowners:

The implications of MERS’ admission are significant for homeowners facing the threat of foreclosure. One recommended strategy is to opt for mediation if confronted with a foreclosure situation in Nevada. During the mediation process, homeowners can demand the necessary assignments that would rectify the problem, as per Judge Riegle’s opinion. However, in many cases, MERS and/or the lender fail to produce the required assignments, raising doubts about their existence altogether.

Leveraging the Bloomberg Securitization Audit:

In this battle against foreclosure, homeowners can find a powerful ally in FRAUD STOPPERS and their Bloomberg Securitization Audit. This comprehensive audit service offered by FRAUD STOPPERS utilizes advanced technology and expert analysis to examine the intricate web of securitization behind a mortgage loan. By scrutinizing the chain of ownership and the proper transfer of loan documents, the Bloomberg Securitization Audit can uncover critical information that can be used as evidence in legal proceedings.

Armed with the findings of the Bloomberg Securitization Audit, homeowners gain a significant advantage in challenging the legitimacy of their mortgage. The audit report can expose irregularities, gaps in the chain of title, and potential violations of state and federal laws. This information can form the foundation for a robust legal defense against foreclosure, allowing homeowners to fight back with greater confidence and efficacy.

Exploring Legal Recourse:

The Bloomberg Securitization Audit empowers homeowners by providing them with crucial evidence to pursue various legal avenues. Based on the audit findings, homeowners can consider initiating legal actions such as breach of contract, fraud by omission, and racketeering. These causes of action, as outlined in Chapter 207 of the Nevada Revised Statutes, allow homeowners to hold lenders accountable for systemic predatory lending practices, the devaluation of collateralized assets, and the failure to disclose vital information.

Furthermore, homeowners, if eligible, may also consider declaring bankruptcy and initiating an adversary proceeding within the bankruptcy process. The evidence uncovered through the Bloomberg Securitization Audit can support claims for the discharge of the “mortgage” debt, which, in the case of MERS mortgages, can be classified as an unsecured debt as per Judge Riegle’s ruling.

The Role of FRAUD STOPPERS:

FRAUD STOPPERS has emerged as a leading advocate for homeowners facing foreclosure and seeking justice in the wake of mortgage fraud revelations. Apart from offering the invaluable Bloomberg Secur

itization Audit, FRAUD STOPPERS provides expert guidance, legal resources, and a supportive community for homeowners. Their team of experienced professionals helps homeowners navigate the complex legal landscape, enabling them to make informed decisions and take appropriate action to protect their rights.

The recent admission by MERS regarding its lack of beneficial interest in mortgages has peeled back the layers of potential fraud within the mortgage industry. Homeowners now have an unprecedented opportunity to challenge the legitimacy of their loans and seek compensation for any harm suffered. By leveraging the power of the Bloomberg Securitization Audit offered by FRAUD STOPPERS, homeowners can arm themselves with evidence to fight foreclosure, expose fraudulent practices, and explore legal avenues for recourse. With FRAUD STOPPERS by their side, homeowners can stand up against mortgage fraud and safeguard their rights.

Now You Can Unlock the Power of Justice and the Rule of Law with FRAUD STOPPERS

 

Are you tired of being a victim of financial fraud, seeking the justice and legal remedy you deserve? Look no further – FRAUD STOPPERS is here to empower you with the comprehensive tools and support necessary for success. With a wide range of services tailored to your needs, we are your ultimate ally in the fight against fraud.

FRAUD STOPPERS Arsenal of Solutions includes but is not limited to:

  1. Audits & Investigations: Our team of skilled professionals will meticulously analyze your case, leaving no stone unturned in uncovering the truth. We employ cutting-edge techniques and resources to expose the fraud and gather irrefutable evidence. We are the only organization (to our knowledge) that can provide you with a Full Level 4 Bloomberg Securitization Audit and all the loan level data and trust information for all Government Sponsored Loans (GSE’s) and loan placed in private trust (shipped off shores) that do not report to the Securities and Exchange Commission (SEC).
  1. Expert Witness Affidavits & Testimony: Our network of esteemed experts will provide compelling affidavits and testify on your behalf, lending credibility and authority to your case. Their specialized knowledge and experience will strengthen your position in the legal battle.
  1. Turnkey Litigation Packages: We understand that navigating the complex legal landscape can be overwhelming. That's why we offer comprehensive litigation packages, equipped with all the necessary documents and strategies to mount a strong defense against fraudsters.
  1. Professional Paralegal Support: Our dedicated paralegals are committed to assisting you every step of the way. They will guide you through the process, offer invaluable insights, and provide crucial administrative support to ensure your case is well-prepared.
  1. Nationwide Attorney Networks: We have established a vast network of highly skilled attorneys across the country who specialize in fraud cases. Rest assured, you will be connected with a trusted legal expert who is passionate about seeking justice on your behalf.
  1. Legal Education and Training: At FRAUD STOPPERS, we believe that knowledge is power. That's why we provide comprehensive legal education and training resources, empowering you to understand your rights, navigate the legal system, and make informed decisions throughout your case.
  1. Debt Settlement Negotiations: Our experienced negotiators will engage with creditors on your behalf, striving to reach favorable debt settlement agreements. We will advocate for your interests, aiming to alleviate the financial burden caused by fraud.
  1. Private Lending: If you require financial assistance to support your legal battle, our private lending options can provide the necessary funding. Our trusted lending partners offer competitive rates and flexible terms, ensuring you have the resources to fight for justice.

 

And much more! Save Time, Money, and Increase Your Odds of Success with FRAUD STOPPERS' Proven Products and Programs

If you're serious about getting the legal remedy you deserve, FRAUD STOPPERS has everything you need to succeed while saving time, money, and increasing your odds of success. Our comprehensive range of proven products and programs is designed to streamline the process, maximize efficiency, and deliver results.

Time is of the essence when it comes to combating fraud, and we understand the importance of expediting your case. With our expertise and resources, we can minimize delays and ensure efficient progress. By leveraging our extensive experience in fraud investigations and legal strategies, you can navigate the complexities of the legal system with confidence, saving valuable time in the process.

We also recognize the financial burden that fraud can impose, and we are committed to providing cost-effective solutions. Our competitive rates for services, private lending options, and expert negotiation skills can help you save money while maximizing the value you receive. Rest assured that we strive to optimize your resources, enabling you to fight fraud without breaking the bank.

Partnering with FRAUD STOPPERS significantly increases your odds of success. Our proven track record and extensive network of experienced professionals ensure that you have the best possible resources at your disposal. From expert witness testimonies to strategic litigation packages and effective debt settlement negotiations, our carefully curated products and programs have a track record of achieving favorable outcomes. With FRAUD STOPPERS by your side, you can maximize your chances of holding fraudsters accountable and obtaining the justice you deserve.

By choosing FRAUD STOPPERS, you can save time, save money, and increase your odds of success. Our proven products and programs, combined with our commitment to your cause, empower you to reclaim your future. Take the first step towards justice by completing the form below.

Remember, with FRAUD STOPPERS, you have a trusted partner dedicated to saving you time, money, and increasing your chances of success. Let us fight by your side and help you put an end to fraud once and for all.

Our commitment to your success knows no bounds. We are constantly expanding our services and partnerships to provide you with the most effective tools in the fight against fraud.

Ready to get started?

Simply complete the form below to begin your journey towards justice. Once submitted, check your email inbox or email spam folder for detailed instructions on how to move your file forward.

Remember, you don't have to face fraud alone – FRAUD STOPPERS is here to champion your cause and bring you the justice you deserve.

Join us in the battle against fraud today!

After submission, check your email inbox or spam folder for detailed instructions on how to move your file forward to get the legal remedy you seek and deserve.

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