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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SB 1259

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1 Be it enacted by the Legislature of the State of Arizona:

2 Section 1. Title 33, chapter 6.1, article 1, Arizona Revised Statutes,

3 is amended by adding section 33-807.02, to read:

4 33-807.02. Nonoriginator foreclosures; evidence of title;

5 remedy; attorney fees

6 A. FOR ANY BENEFICIARY WHO IS NOT THE ORIGINATING BENEFICIARY ON THE

7 DEED OF TRUST, THE BENEFICIARY SHALL RECORD A SUMMARY DOCUMENT REGARDING THE

8 BENEFICIARY'S LEGAL INTEREST IN THE DEED OF TRUST THAT CONTAINS THE FOLLOWING

9 INFORMATION IN CHRONOLOGICAL ORDER:

10 1. THE FULL NAME AND ADDRESS OF RECORD OF EVERY PRIOR BENEFICIARY ON

11 THE DEED OF TRUST.

12 2. THE DATE, RECORDATION NUMBER OR OTHER UNIQUE DESIGNATION OF THE

13 INSTRUMENT, AND A DESCRIPTION OF THE INSTRUMENT THAT CONVEYED THE INTEREST OF

14 EACH BENEFICIARY.

15 B. THE SUMMARY DOCUMENT PRESCRIBED BY THIS SECTION SHALL BE RECORDED

16 AT THE SAME TIME AND PLACE THAT THE NOTICE OF TRUSTEE'S SALE IS RECORDED

17 PURSUANT TO SECTION 33-808 AND A COPY OF THE SUMMARY DOCUMENT SHALL BE

18 ATTACHED TO ANY NOTICE OF TRUSTEE'S SALE THAT IS REQUIRED TO BE PROVIDED AS

19 PRESCRIBED IN SECTION 33-809.

20 C. FAILURE TO PROPERLY RECORD THE SUMMARY DOCUMENT THAT DEMONSTRATES

21 EVIDENCE OF TITLE FOR THE FORECLOSING BENEFICIARY AS OF THE DATE OF THE

22 TRUSTEE'S SALE AS PRESCRIBED BY THIS SECTION RESULTS IN A VOIDABLE SALE.

23 D. ANY PERSON WITH AN INTEREST IN THE TRUST PROPERTY MAY FILE AN

24 ACTION TO VOID THE TRUSTEE'S SALE FOR FAILURE TO COMPLY WITH THIS SECTION AND

25 IS ENTITLED TO AN AWARD OF ATTORNEY FEES AS WELL AS DAMAGES AS OTHERWISE

26 PROVIDED BY LAW IF THE PERSON SUBSTANTIALLY PREVAILS, INCLUDING AN AWARD OF

27 ATTORNEY FEES FOR ANY INJUNCTION OR OTHER PROVISIONAL REMEDIES RELATED TO THE

28 CLAIM.
 
 
   
!!!WOW!!!

  The only question that I have is: Are the rest of the states "CHOPPED LIVER"???


   At war with M & I Bank ( MI ) and now Bank of Montreal ( BMO ) over 800 days and counting...


  I always welcome all comments at: providencegroup@ymail.com 


Quote 0 0
Brindy
Here are links to the AZ hearings on SB1259 as well as video of the hearing.

Notice whiney Bull Hultman - little did he know he would get demoted and (hopefully canned) not long after his testimony.

http://azleg.granicus.com/MediaPlayer.php?view_id=13&clip_id=8276

 

SB1259 Testimony starts at 34:30

Senator Michele Reagan comments start at 35:35

Wendy Briggs (Lobbyist for Arizona Bankers Association) comments start at 38:20

William Hultman (Senior Vice President of MERS Inc.) comments starts at 44:20

Lee Miller (Lobbyist for Arizona Trustee Association) comments start at 53:50

Darrell Blomberg (Self) comments start at 58:50

Bev Hall (Self) comments start at 1:10:30

Senator Michele Reagan wrap up starts at 1:14:35

SB1259 testimony ends at 1:17:15

 Notice how Bill Haultman from MERS lies through his teeth.  I sent a copy of a previous deposition that he had done to the committee members after the hearing along with some other info on MERS that clearly contradict statements he made to our senate members.

 



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