Skip to main content

View Diary: “No End In Sight” (147 comments)

Comment Preferences

  •  Title companies have tracked (0+ / 0-)

    real estate ownership for decades, long before MERS.

    •  yes, but they (4+ / 0-)

      also had them recorded with the county, when required.

      From the suit:

      each of the Defendants has conducted and/or participated in the conduct of the MERS Enterprise’s affairs through a pattern of racketeering activity in violation of RICO, 18 USC § 1962(c), by engaging in numerous acts of mail fraud and/or wire fraud. False representations or fraudulent pretenses made by defendants include:

      1) misrepresenting to homeowners, investors and MERS members the need for recordation of assignments in the parish records;

      2) mailing and/or electronically transmitting false notices, including foreclosure documents, to Plaintiffs, homeowners and others;

      3) actively concealing its lack of valid assignments from investors, Plaintiffs, and homeowners.

      That these entities cannot establish clean title is a huge problem, one clerks in several states have tried to come to legal grips with.  Google "fraudulent reconveyances."
    •  Title companies don't track anything. (2+ / 0-)
      Recommended by:
      zedaker, roseeriter

      They send out a title abstracter to go into the land records office and look into deeds several transactions back.

      They will go further in case a suit is brought. They don't track anything.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site