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    State court ruling deals blow to U.S. bank mortgage system

    Carol
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    State court ruling deals blow to U.S. bank mortgage system Empty State court ruling deals blow to U.S. bank mortgage system

    Post  Carol on Sat Nov 24, 2012 9:20 am

    State court ruling deals blow to U.S. bank mortgage system ?m=02&d=20120914&t=2&i=653084780&w=460&fh=&fw=&ll=&pl=&r=CBRE88D1S4B00
    http://nesaranews.blogspot.com/2012/09/foreclosure-mers-titles-are-fraud.html
    State court ruling deals blow to U.S. bank mortgage system
    (Reuters) - The highest court in the state of Washington recently ruled that a company that has foreclosed on millions of mortgages nationwide can be sued for fraud, a decision that could cause a new round of trouble for the nation's banks. The ruling is one of the first to allow consumers to seek damages from Mortgage Electronic Registration Systems, a company set up by the nation's major banks, if they can prove they were harmed. Legal experts said last month's decision from the Washington Supreme Court could become a precedent for courts in other states. The case also endorsed the view of other state courts that MERS does not have the legal authority to foreclose on a home. "This is a body blow," said consumer law attorney Ira Rheingold. "Ultimately the MERS business model cannot work and should not work and needs to be changed." Banks set up MERS in the 1990s to help speed the process of packaging loans into mortgage-backed bonds by easing the process of transferring mortgages from one party to another. But ever since the housing crash, MERS has been besieged by litigation from state attorneys general, local government officials and homeowners who have challenged the company's authority to pursue foreclosure actions... more at link above


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    Aquaries1111
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    State court ruling deals blow to U.S. bank mortgage system Empty Court Insider Exposes Judicial Treachery Pt 1

    Post  Aquaries1111 on Sat Nov 24, 2012 10:38 am

    Corruption in the Courts.. Judges getting 2 salaries (bribes) salary from the County and salary from the State.. All orders by corrupt judges can be nulled out.. see how after researching this channels videos!




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