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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http://www.sec.gov/Archives/edgar/data/1243106/000106823807000235/bsmf_2007ar3-fwp.htm

  Went on the SEC page.  Found this nice little filing for the trust.  Scroll down a little and here is the whole securities loan nice and neatly mapped out.  This folks is what investors, through verified SEC filings were sold on and it clearly shows the A to B to C to D structure for the assignments.  Considering that I've seen something almost identical to this is a few other cases I'm willing to bet dollars to doughnuts that this same structure is in play for almost every mill filed foreclosure

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The Equitable One
Geeze, when you said "mapped out" you really meant it (or flow charted, take your pick).
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