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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if there is a power of atty agreement on file with the county clerk for loan servcing, every time the loan is sold to a different trustee, does the new trustee have to file an assignment of mortgage for the property? what happens if there is a gap in POA servicing since they are only good for a year? before i file court papers i need to find clarification on POA and LPOA. thanks so much!

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Moose
Kathy, this of course isn't legal advice, but a servicer or other third party would not have to have a POA or LPOA on file in the county unless or until they are issued one by the note and/or mortgage holder (trustee) to do something like a foreclosure for them.

Moose


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Kathy, check the POA letter very carefully, note any apparent changes or alterations to the recorded document.  We have found a number of POA were, and have been "Created" documents for litigation by a division of FIDELITY working out of Missouri.
 
We also have found a number of POA's filed in other states, that do not even remotely relate to the mortgage.
 
 
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