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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Darren L.

I don't subscribe to law.com, if anyone does I would be interested in hearing a summary.


teaser  appears below:  

For Banks, MERS Ruling Could Raise Cost of Foreclosures - New York Law Journal      http://bit.ly/oDJQox

Financial institutions trying to foreclose on mortgages that were assigned to them by another lender may find themselves paying steeper administrative costs to get their paperwork in order, now that the Appellate Division, Second Department, has ruled in Bank of New York v. Silverberg, 17464/08, that the Mortgage Electronic Registration Systems cannot assign the right to foreclose if it does not hold the promissory note underlying a mortgage.
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Bill

http://www.scribd.com/doc/59983370/57771839-Bank-of-New-York-v-Silver-Berg-w

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Darren L.
Bill,  thanks but I have the opinion.

I was referring to the New York Law Journal article published last week.   You need a "premium" subscription to get the full article.  
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