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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What will they think of next?

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    A $20,000 cash for keys settlement makes alot of sense where the property is the Homestead of the debtor because the debtor could get
this deal in Bankruptcy Court anyway using the Federal Homestead exemption
if the debt is ruled as unsecured.
    Very often, prefiling, the plaintiff did not perfect its lien due to MERS and
other defective assignments of the mortgage. If the lien was defective, as it
was in many cases, the judgment was unsecured and unless the judgment
lien was perfected by recording a certified copy in official records of the
County where the judgment was entered, it remained unsecured and could
have been wiped out or reduced in BK by using the state or Federal HX exemption.
     A $20,000 cash for keys deal would be the equivalent of providing the
HX exemption without forcing the debtor to clog up US Bankruptcy Courts
with this dispute. It would return the idea of the HX exemption as a way of
allowing the debtor to move on and obtain another Homestead, which was
the original reason for the HX exemption in the first place.
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