Why don’t these people do their homework?! Dissect the damn companies. This is why they lose… “A group of residential lenders created MERSCorp (Mortgage Electronic Recording System) several years ago for its own purposes and for bypassing the public record.”
These are separate and distinct corporations – not one in the same. There are no documents found anywhere that allows the 2 separate and distinct corporations to commingle assets.
AUSTIN, TX (October 6, 2015) — FOR IMMEDIATE RELEASE
Travis County Clerk Dana DeBeauvoir, joined by the Travis County Commissioners’ Court, issues the following statement regarding the recent ruling by the United States Court of Appeals for the Fifth Circuit in Harris County v. MERSCorp Incorporated:
Most people will never notice that the public paperwork you typically expect to be recorded with the County Clerk whenever you buy a house, get a new lender, or refinance your mortgage isn’t being filed at all. A group of residential lenders created MERSCorp (Mortgage Electronic Recording System) several years ago for its own purposes and for bypassing the public record. This group has succeeded in creating its own private registry. The Travis County Commissioners Court, supported by the Travis County Clerk, joined a federal lawsuit in Nueces County to put a stop to this secret, substitute recording system.
via Travis County –…
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the big problem is very simple to fix, read the rules of membership of merscorp./ now, first i will say this , in nov. 2005 a mortgage was signed with the proported lender, we know this not to be true, so this was with gmac mortgage corp, as lender per-se, now in feb 0f 06, gmac mortgage sells mortgage to a non-member of merscorp. this would end any and all relations to gmac mortgage corp. and mers having permission to do anything on this mortgage. as this new owner and holder of mortgage and note, was not a member of merscorp.
the rules say that is a no no.
so the first assignment of my property record is in august of 2012, 6 plus yrs after this fraud trust closed. and mers assign the mortgage to this trust, using gmac mortgage corp, authority. in possible. as gmac mortgage corp. was defaunk as of august of 2006. so how could mers corp get the authority to assign a mortgage from the dead. wow.