The Washington State Supreme Court has ruled that previous Foreclosures by MERS were FRAUD! It says that MERS business model is based on deceptive practices.
The Washington Supreme Court held that MERS' business practices had the "capacity to deceive" a substantial portion of the public because MERS claimed it was the beneficiary of the mortgage when it was not.
This finding means that in actions where a bank used MERS to foreclose, the consumer can sue it for fraud. If the foreclosure can be challenged, MERS' involvement would make repossession more complicated.
On top of that, virtually any foreclosed homeowner in the state in the past 15 years who feels they have been harmed in some way could file a consumer fraud suit.
This is a huge ruling for everyone that has been foreclosed on.
The ruling shows people can band together and sue MERS and all the banks under MERS for FRAUD!
I have tried for years to get attorneys across the country to do Class Action suits against the banks for previous Foreclosures.
I can tell you to go to the tab of "MERS lawyers" I have above that have contacted me and I have spoken with that are doing Class Action Suits and defend against MERS foreclosures.
I also am trying to get something more going regarding this, which I won't go into detail right now but it involves a very large organization that could start a tsunami across the U.S. with others doing the same. If it comes to fruition I will write about it.
I am asking everyone who has been foreclosed on the the past years by MERS and a MERS bank to SUE the banks and MERS for the FRAUD they committed!
Look on your deed and closing papers and see if you have a MERS bank and if MERS is listed!
If you don't know for sure you can find out and have a complete audit done by "USMortgageTruth" .
I have spoken to Jesse there multiple times. A concern I had was about people being able to afford a complete audit. He has now set up a program where people can get help without the thousands out that attorneys charge. I believe it is set up for around $30 a month for 12 months.
Lenore Albert a lawyer from California who had started various Class Actions against MERS in the past contacted me and said she is going after the LIBOR fraud too. I am inserting an email she sent me earlier this month about her suits. Understand I believe from all of my correspondence with her and Jesse they both have their "heart" into suing the banks and stopping the FRAUD compared to trying to make money off people.
This is an email I got from Lenore as we were discussing a Class Action across the board LIBOR suit:
I am not convinced that the loans need to be any type other than based on LIBOR, so I am not excluding Fixed as I have investigated and seen the numbers attached to "fixed" rate LIBOR loans well above LIBOR rate. It is not a variable that needs to be met. I am tightening up my putative actions.
1. LIBOR loans
2. Foreclosure sales that occurred from 10/8 to 12/31/2010.
3. Dual Tracking foreclosures with modification reviews with Aurora Loan Services (on appeal - fully briefed) unfair permanent modification in state court.
4. Stock plans that started to eviscerate after February 2012 with MorganStanley Smith Barney
5. TILA 131g (failure to disclose creditor claims) and modification issues with Wells Fargo and US Bank, NA.
Here is Lenore Albert's complete information:
Law Offices of Lenore Albert
7755 Center Ave Suite #1100
Huntington Beach, California 92647
Phone: 714-372-2264 or e-fax: 419-831-3376
If you are threatened with foreclosure know that a MERS bank has NO right to foreclose on you! They have no standing! FIGHT A FORECLOSURE! FIGHT THE FRAUD! STAND UP!
There are people who are honest and sincerely want to help people and to stop the fraud of the banks.
Here is another paragraph from the article linked at the top:
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.