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To: org.whodat
"The assigns of record in the court house can start the foreclosure all over immediately."

Who, that's the problem - there ARE NO ASSIGNMENTS. MERS was the responsible party for failing to do that. Anyone who claims to be an assign, a holder in due course, has to prove they have standing - that's a problem also because the chain of assignment is lost and cannot be "reconstructed" without unwinding a mess of MBS's and by violation of the MBS Pooling, subjecting themselves and investors to millions in taxes and penalties.

Some loan servicing banks will walk away before risking the chance of having fork over millions to establish that chain.

You really should follow the works and advice of Adam Levin and excellent defense foreclosure lawyers like Tom Ice, Carol Asbury, Matt Weidner, Lynn Szymoniak, Nick Wooten, Gary Blackburn, and Max Gardner III.

I'll let their works testify for themselves without "making up stuff".

100 posted on 04/19/2011 6:58:08 AM PDT by azhenfud (The government is not best which secures life and property-there is a more valuable thing-manhood.)
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To: azhenfud

Selling the note on the open market has nothing to do with the assigns. Nothing, nothing, nothing, it is of no concern of the deadbeat. The only thing of concern to him is the papers on file at the local court house and that he lives up to the terms of the agreement, the only time the assigns is changed is when the bank wants a different trustee. Because the loan changed servicing agents and/or the trustee dies are is fired are retires are replaced. Normal course of business thing. Once again, note sells and transfers have nothing to do with the debtor, it is spelled out in the loan agreement.


101 posted on 04/19/2011 7:31:09 AM PDT by org.whodat
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