Shortly after their marriage, Barack and Michelle Obama bought a condo at 5450 South East View Park near Lake Shore Drive and Jackson Park in Chicago, IL. On 05/10/2006, Chase Home Finance, LLC submitted a Release of Mortgage to the county registrar for the same condo. No doubt the Obama family was feeling pretty good about owning, free and clear, their own little piece of heaven. Just one little problem . . . the signature on the Release of Mortgage was fake . . . and so was the notary signature attached to the document.
Michael Redman at 4closureFraud.org has just published a piece detailing how the Obama's are now the latest victims of the bank's robo-signer industry fraud. Redman makes the case that the Chase VP's signature is not that of the person that is the MERS agent for Chase by the same name. Obviously a fraud. He goes on to document that the same Nevada notary signed each of the documents that contained different signatures for the same Chase VP. . . including the Obama's Release of Mortgage. Yet another fraud.
One might reasonably argue that, because the Release of Mortgage on the Obama's condo is fraudulent, the title to the condo has a defect that needs to be cleared. This inconvenience might bring David Axlerod's disappointing statement on "Meet the Press" into clearer focus.
“The Obama administration opposes a moratorium on home foreclosures, but wants problems involving improper paperwork resolved as quickly as possible.”
Redman asks:
Mr President, now that you have had the fraud perpetrated on you personally, what are you going to do about it?
Great question.