The main reason these loan MERS is trying to foreclose need to not be allowed to administratively foreclose is you will find that with VA loans that were placed into Ginnie Mae pools in the Mortgage Backed Securities program, and are now currently being service by Wells Fargo Bank are being done illegally because the Note was long ago separated from the Note as it was signed endorse in blank and relinquish to Ginnie Mae.
The truth is that once the loan where place into the pools there could not be a lien situation at all against the properties. MERS is not the Beneficial in Washington Mutual VA & FHA because the bank did relinquish the loans and now the bank is dead as in failed bank and is no longer a member of MERS as it cannot perform bank activity and Ginnie Mae who is suppose to be the owner of the Notes is not a member of MERS as a Lender so MRES does not have un-broken chain of ownership!
Just remember this and that is most all FHA & VA loan a put into a Ginnie Mae mortgage backed securities pool, however they are dealing with non enforceable contracts. The illegal foreclosures of government loan have contracts that are not recorded because party that cannot legally claim the function the contract demand it function like be a leader.
This entire scam by Ginnie Mae is base on a Blank Note that they are not inserted into, because the US law says Ginnie Mae is not a lender. So as MERS claims they are acting for the current lender yet Ginnie Mae is suppose to be in physical possession of all the Blank Notes, how then does MERS claim a beneficial right for lender or assign when you and every should know the Note being blank is void of any legal name of an owner of the document because it is blank.
So if we the military in the case of VA loan are being abused by the Federal Government explain why President Obama cannot get the housing crisis under control because Ginnie Mae who is wholly owned by we the people in that it is 100% the Federal Government’s property. If you can get your own company to follow the law and have looked the other way, is the reason why whoever is the party claim to be the “holder in due course” need to bring the Note to court and show where that Note has been endorsed to the party making the claim plus some type of bill of sale.
You can only have a lien if your owned a debt and at not time in the history of Ginnie Mae has a home owner every owned Ginnie Mae a dime because by law Ginnie Mae cannot originate or buy or sell a home mortgage loan.
I can see the judge asking Mr. MERS who is Mr. Blank on these Notes and how do you represent BLANK, if it endorsement which is referred to as a BLANK NOTE because it does not list who the owner is.
So how does a entity that cannot purchase a home mortgage loan as order by the US Congress out in Oregon claim its owed a financial debt from anybody went it never borrowed anyone money or purchase the debt from anybody?
The answer is it cannot happen!
Every citizen in Oregon that had or had a Washington Mutual Bank or that the bank purchase your loan from another bank or mortgage company and it was foreclosed or is going through foreclosure and you had or have a VA or FHA loan simply ask for the courts to look at the Notes because they are all Blank and MERS nor anyone else could foreclose on your home. Crime does not pay as long as the court systems work!
Start getting ready to move your families back home. To my fellow military families Hua!
My god, Charles, you really need to learn to write clearly.
What about the people that have morage’s with Wells Fargo or American Serviceing com. Does this not apply?