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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Bruce

This has never failed.

 

This text has never failed to get rid of a 3rd party collector.

3RD PARTY DEBT COLLECTION KILLER

I sent this out last year but thought some of you may have forgotten

and or did not know how well it works.

Its a promise to pay......

PROMISSORY NOTE

$ ______________________________

For value received the undersigned promises to pay XYZ COLLECTOR /

ABC LAW FIRM, payee, or order, the sum of ($$$$$$$ in words) together

with interest, from this date as agreed, provided evidence of an

enforceable contractual obligation including the original issue of

the promise to pay the drawer signed and promised to pay on

presentment that gave rise to the obligation you are alleging

exists,is presented with this note no later than [DATE / 20 days],

otherwise all obligations connected therewith, if any, are

extinguished.

Signed at [place/ city/town] [DATE]

Witness:

___________________________

 

_________________________________

 

 

Aval

For value received.....WHAT DID YOU RECEIVE FROM A 3RD PARTY DEBT

COLLECTOR........NOTHING, BUT WHAT ARE THEY GOING TO DO, ACT AS IF

THEY DID? NEVER YET.

promises to pay....HONOURABLE

from this date as agreed.....WHAT AGREEMENT.....THERE ISN'T ONE.

no later than [DATE / 20 days].....expiry date of offer to settle.

otherwise all obligations connected therewith, if any, are

extinguished....put up or shut up. Some times collectors will just

assign the account to another collector, in that case when I use the

Note above and text below I have evidence that the assignor refused

an offer to settle and sees the same offer.

DO NOT READ THIS FROM A NORMAL VIEW, THINK A BIT.

Along with the Note is this hand written note.

See promissory note attached hereto, provided as full and final

settlement in exchange for value received or prove value was given as

I have not seen or been provided with any evidence that proves any

Note, promise to pay, signed by me that would evidence attachment of

an obligation has been presented to me for payment.

THIS IS THE CATCH PHRASE..........prove value was given

How is it possible that a 3rd party debt collector that doesn't sell

anything prove it gave value??????????

I give them two choices and let them figure out what they

are......the catch phrase however ain't hard to figure out as a 3rd

party collector [any party not party to the alleged contract /

obligation = no rights] when in his head hes thinking to himself, WE

DID NOT GIVE ANY VALUE, WE TAKE IT.

Boom conscience kicks in. How can you think the truth and then ignore

it when you know it?

Anyhow, I've never received any thing more than the initial contact

from any 3rd party collector.

REMEMBER......No 3rd party has any first hand knowledge of any facts

so do not get into arguing over information they assume to know but

DO NOT. The lack of facts makes it tough for them to do much and they

know it.

 

 

Oh one more thing,  was your NOTE included in with all other paper work recorded with the county, If not you might think of doing so with modification disclosing full payment or settlor under your signature. not legal advice just what I would do

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Bruce
Well I see nobody has a clue what this is for. A Federal Reserve Note (cash) is a promissory note. A check is a promissory note this makes it money to pay your bills. Do you research before using it ok. LOOK FOR THE WORDS PROMISSORY NOTE
http://www.mersinc.org/Foreclosures/index.aspx
Foreclosing a loan in the name of Mortgage Electronic Registration Systems, Inc. is something new in the foreclosure arena. However, when the role of MERS is examined, it becomes clear that MERS stands in the same position to foreclose as the servicer. MERS, like the servicer, will be the record mortgage holder. It is through the mortgage or deed of trust that MERS is given the authority to foreclose.


To help make a smooth transition from foreclosing loans in the name of the servicer to foreclosing loans in the name of MERS, we have developed state by state recommended guidelines to follow. These guidelines were developed in conjunction with experienced foreclosure counsel in your state. We have been able to keep the MERS recommended procedures consistent with the existing foreclosure procedures. The goal of the recommended procedures is to avoid adding any extra steps or incurring any additional taxes or costs by foreclosing in the name of MERS instead of the servicer.


MERS will continually review the guidelines and, if necessary, will issue revisions. The recommended guidelines to follow in your state are as follows:



Deeds of Trust are foreclosed non-judicially. Local counsel advises that a foreclosure can be brought in the name of MERS. The Notice of Sale includes the same required information as when foreclosing in the name of the servicer except that Mortgage Electronic Registration Systems, Inc. (MERS) will be named as the foreclosing entity instead of the servicer. The Notice of Sale is recorded in the county where the property is located and is published in a newspaper of general circulation.

Employees of the servicer will be certifying officers of MERS. This means they are authorized to sign any necessary documents, such as the Substitution of Trustee, as an officer of MERS. The certifying officer is granted this power by a corporate resolution of MERS. In other words, the same individual that signs the documents on behalf of the servicer will continue to sign the documents, but now as an officer of MERS.

The agencies (Fannie Mae, Freddie Mac and Ginnie Mae) require a blank endorsement of the [IMG]promissory note[/IMG] when the seller/servicer sells the loan to them. Therefore, the note should remain endorsed in blank when the foreclosure is commenced in the name of MERS.

At the trustee sale, the certifying officer will instruct the trustee regarding the bid to be entered on behalf of MERS. If the bid is the highest bid, then a trustee’s deed will be issued to MERS. Title should only remain with MERS for as short of time as possible. A certifying officer of MERS will subsequently execute a Grant Deed to the investor. We have been advised that this procedure is the same procedure used when foreclosing in the name of the servicer. Because the MERS recommended procedure follows the same procedure that is used when the servicer forecloses in its name, no additional taxes are incurred by foreclosing in the name of http://www.mersinc.org/Foreclosures/index.aspx QUOTE

Evictions are handled the same way they are handled when the servicer commences the foreclosure as the foreclosing entity.

If the debtor declares bankruptcy, the proof of claim should be filed jointly in the name of Mortgage Electronic Registration Systems, Inc. and the servicer. It is advised to file in both names in order to disclose to the court the relationship of MERS and the servicer. The address to be used is the servicer’s address so that all trustee payments go directly to the servicer, not to MERS. The Motion for Relief from Stay may be filed either solely in the name of MERS or jointly with the servicer. If MERS is the foreclosing entity, then it is MERS that needs the relief from the bankruptcy.


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