Weekly/biweekly Michigan legislative action thread
READ
The bank should stop making mortgage loans. Every bank in Michigan should.
Ah, so who are the FReeper chumps who are actually paying your mortgage?
May more of this collateral fraud be exposed.
/johnny
The edit to the headline, indicating that (some) transferred MORTGAGES are voidable, is not borne out by the body text.
Rather, the court seems to have ruled that FORECLOSURES are voidable where the new holder of a mortgage debt has failed, prior to foreclosing, to comply with “MCL 600.3204(3) [by] record[ing] the assignment ... before foreclosing by advertisement.”
But i don’t see anything indicating that any such foreclosure, once voided as having been begun without that recordation, cannot be re-begun AFTER that paperwork is filled out ... ?
Shorter version: There’s a big difference between forcing the note-holder to start the foreclosure all over and avoiding the entire underlying debt.
Interesting post & thread.
There are so many shoes yet to drop from the gluttony/thievery going back to the 90's...much is being held back from the public(mostly because of the current occupant of the White House)by a compliant media along with a business(fraud)partner treasury/Federal Reserve, not to mention a reprehensible executive, legislative, judicial governing class.
"You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before"...Rahm Emanuel
Someone else said it best..."our Founders would have been shooting by now"...at the very least there should have been(should still be)a whole'lot of folks going to jail.
If you know that you have not been paying your mortgage, at the monthly contractural price that you signed for, who cares who owns the paper. You know that you haven't paid your debt, and the holder of the paper can assert the rights that you originally agreed to.
The language that you signed up for is to promise to pay XYZ, “or their assigns, or successors”.
We had WAMU at some point. How do I find out more?
Wishful thinking on someone's part leads to a misleading headline.
Someone should apply for a job with CBS.
(Hint. It is the foreclosure, not the mortgage, that is voidable.) Should be fairly easy to cure - just record an assignment prior to completing the re-foreclosure. Of course, someone's hand is going to get very tired.
Those justices should be hung!!!
Pay your mortgage or get the hell out of the house!!!
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That judge should be shot!