Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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William A. Roper, Jr.
The U.S. Bankruptcy Court for the District of Massachusetts has handed down yet another adverse decision for MERS in the case In Re Thomas:



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William A. Roper, Jr.
From the In Re Thomas decision:
"While the assignment purports to assign both the mortgage and the note, MERS, which is a registry system that tracks the beneficial ownership and servicing of mortgages, was never the holder of the note, and therefore lacked the right to assign it.  While MERS was the mortgagee of record, it was acting only as nominee for Allied, its successors and assigns.  MERS is never the owner of the obligation secured by the mortgage for which it is the mortgagee of record.  See, e.g., Landmark Nat. Bank v. Kesler, 289 Kan. 528, 536, 216 P.3d 158, 164 (2009) (providing a profile of MERS).  [emphasis added]"
In Re Thomas at page 15.

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