2010-07-28 — stopforeclosurefraud.com
After last week’s lawsuit filed on behalf of investors for possible securities fraud violations against DJSP Enterprises and another pending. I present to you another Class Action filed 7/26/2010 this time against the Law Offices of David J. Stern P.A., David J. Stern and MERSCORP, Inc..
Mr. Trent totally “gets it†and in this complaint he outlines and points out what we all have a hard time piecing together.
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Digger at 00:26 2010-07-29 said:
If MERS has no standing at the time of foreclosure, it is logical to assume that it has no standing while the mortgage is in effect, correct? But if a Class Action rules that all MERS mortgages are fraudulent, the banks and holders of the MBS stand to lose it all, while all mortages under MERS then are canceled to benefit of the property owners, correct? Its a nightmare scenerio for the financial system, but seems like a possible outcome of all of this to me. Permalinkadd a comment | go to forum thread
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