At least in Florida, they must file the original blue ink copy of the Note (FS 90.953) in order to
to foreclose. Many times they will try to pass off a color photocopy as the original.
To distinquish an original from a photocopy, feel for ridge marks where the person signed on
the reverse of the signing page. Blue ink will smudge whereas a photocopy won't. Under a micro
scope, a photocopy has lots of tiny dots whereas blue ink soaks the paper fibers of an original.
Since they were selling the original Note multiple times to different investors, this explains why
they don't have the original. Most likely the originals were destroyed to hide the crime of counter-
Many times, they would put a "phony lender" on the Notes, instead of the true lender so that
in case an investor found out, they would go after the phony lender for fraud. This is how the
Ponzi scheme was done. MERS would hold the one mortgage for multiple investors. Part of the
proceeds of the note sales was placed with the servicers so they could make monthly payments
to the investors out of their own funds.
To summarize, many of the originators made their money by "selling the paper" multiple times
to gullible investors, mainly pension funds. If it were not for "quantitative easing" by the Fed,
most of the Pension funds would have gone broke by now.
So where did all the stolen pension money go? In my opinion into precious metals in off shore
accounts. This explains the astounding rise in the price of gold. They had to park the ill gotten
gains somewhere off shore to make it untraceable.