MERS, BANKS IN THE USA

PONZI SCHEME

14th of Aug, 2012 by Homeownerinla

Guess the truth is finally being made public how banks sold the notes and deeds of trust two and three times to different investors on wall street. They call it securization, I call it fraud and a Ponzi Scheme. While the market was good and a lot of cheap money to go around the banks and the government made it easy to get a loan. Now the market stabilized and the real estate bubble popped and over 100 lenders and banks went bust so they could no longer foreclose if I defaulted on my loan so MERS stepped it and called themselves the true beneficiary of my note? But wait a minute, they never lent me a dime. They never serviced nor collected on my debt. They even said they were only an Electronic Mortgage Database, so why are they foreclosing on my property? Just read this. http://thearizonainvestor.com/mers-sued-under-rico-laws/

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