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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Cindy
If the servicer loses because of lack of standing, what happens next?

Does another snake come out from under a rock?



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Moose
Cindy wrote:
If the servicer loses because of lack of standing, what happens next?

Does another snake come out from under a rock?





If the case was dismissed without prejudice it's simply a matter of time before they come back. If the case was dismissed with prejudice, it will most likely be appealed.

Moose

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Anon.

Lets say a foreclosure case is dismissed with prejudice and not appealed, Is it possible for the plaintiff to just transer(or sell) the note to another entity or distressed debt buyer who would then sue for non-payment of the note?   Or is any entity precluded from suing on the note because of Res Judicata?

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Don

In Ohio, the statute of limitations imposes a bar to the remedy, but does not extinguish the right.  Turner v. Chrisman, 20 Ohio 336 (Ohio 1851).

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