The Time Has Come to Unite as One & Monitor Mortgage Servicers

[fredk]

So lets say for instance, my home mortgage is $96,000 (which is true) that’s what I owe, they foreclose, sell the home for lets say $70,000. So their loss is $26,000 plus the cost of foreclosure and the other fees added on. Let’s estimate their total loss at $35,000 for the sake of argument. Now, they’ve sold the home for $70,000 and lets say the interest on this new loan is 6.25%, 30yr fixed rate. So, lets figure it, they stand to make $85,160.00 in interest minus the $35,000 that they lost and they come out $50160.00 to the good and I’m sure somewhere along the line they got to write off the $35,000.00. So if someone says the bank really doesn’t want your home, sure they want your home cause they can start all over again.

I am in no position to comment on your rant but I can comment on your accounting facts.

Your simplified example is wrought with errors, not the least of which is you ignore the interest income lost by the bank because the loan isn't paid of until maturity.

And you also iginore the real possibility that there was mortgage insurance on the loan whish would serve to linit the loss by the bank.

Argue the facts you know, don't guess about the accounting
.

[Catherine]

Thank you Moe for keeping it K.I.S.S I copied and pasted the letter to each contact provided. DONE....lol what else ya got? I suggest real
Americans on main street or Taking America back......I love loansafe for it always feels safe

[caldwell02]

This whole thing can make us all "rant" at times. Sometimes we just need to purge. Maybe the accounting is wrong, but the theory in the end has merit. I really would like to know why the banks are not modifying our loans if there is a reason other than it's fiscally more profitable for them to string us along.

I just heard that Chase sent out 63,000 letters of default to people WHO WEREN'T IN DEFAULT! Can you imagine? Now they've got 63,000 MORE people calling them. Crazy. What an intense mistake for them to make.

[so-cal-gal]

How about 'americans4theamericandream.org'

[Believe]

SaveTheDream.org gets my vote. A nice bumper sticker that says SaveTheDream.org with loansafe's subtitle "Protecting America's Homeowners" would be very effective. I really like that idea.

[BobandArlyn]

We do not belong to Bank of America, but we tweeked our letter in support of those that are. OUR EMAIL WENT OUT JUST NOW!!!

Arlyn

[nativelasvegan]

Just sent my email... I'm not with Bank of America...but i am willing to start anywhere. Hope this works!!!

Thank you for sending your email. When the day comes to support you by sending an email to your servicer, count on me!

[ManicMangaManiac]

This whole thing can make us all "rant" at times. Sometimes we just need to purge. Maybe the accounting is wrong, but the theory in the end has merit. I really would like to know why the banks are not modifying our loans if there is a reason other than it's fiscally more profitable for them to string us along.

I just heard that Chase sent out 63,000 letters of default to people WHO WEREN'T IN DEFAULT! Can you imagine? Now they've got 63,000 MORE people calling them. Crazy. What an intense mistake for them to make.

Caldwell, there's an article by Consumer Warning Network that explains why lenders aren't willing to work with homeowners to modify their mortgages. Simply put, it's all about the ALMIGHTY DOLLAR :-( As the cliche goes, money talks. Sheeeeesh.

Why Won’t Lenders Renegotiate Delinquent Home Loans? | The Consumer Warning Network

http://www.consumerwarningnetwork.co...work-out-myth/

Sally

[Kimbly]

I'm ready to join the fight. I didn't email BoA however because I do not want their attention right now. We just missed our first payment with them on 9/1. Maybe this onslaught of emails will make my late payment get lost in the shuffle. I'd love to live here for free for a year.

I'm ready and willing to help in any (other) way. Once I am into this 'walk away', I won't fear the attention. I just don't want to get an accellerated timeline.


Moe - you have created such an amazing space. I came here first nearly 2 years ago not knowing what do to with my soon-to-reset mortgage and you and others talked me through requesting (over and over!) my modification. Because of you and some who are no longer here, I knew I could be successful at that mod. And, I was. In the end, a year and 1/2 after getting that mod, I'm leaving anyway. It's not defeat, it's a decision to not throw good money after bad in Pinal County Arizona. But, your site has changed me. Not just in regards to my mortgage or debts; but in how I view so many things and so many beliefs I used to hold. May God continue to bless you, Moe.

[dee1432]

Hello everyone,

I just wonder if how many members does loansafe.org have?

[HeruHere]

Count me in to assist. I'm in Georgia!

[dee1432]

I'm ready to join the fight. I didn't email BoA however because I do not want their attention right now. We just missed our first payment with them on 9/1. Maybe this onslaught of emails will make my late payment get lost in the shuffle. I'd love to live here for free for a year.

I'm ready and willing to help in any (other) way. Once I am into this 'walk away', I won't fear the attention. I just don't want to get an accellerated timeline.


Moe - you have created such an amazing space. I came here first nearly 2 years ago not knowing what do to with my soon-to-reset mortgage and you and others talked me through requesting (over and over!) my modification. Because of you and some who are no longer here, I knew I could be successful at that mod. And, I was. In the end, a year and 1/2 after getting that mod, I'm leaving anyway. It's not defeat, it's a decision to not throw good money after bad in Pinal County Arizona. But, your site has changed me. Not just in regards to my mortgage or debts; but in how I view so many things and so many beliefs I used to hold. May God continue to bless you, Moe.

Kimberly, I was thinking the same way, but I had created another email where I can send the letter.

[Big Booger]

I am in no position to comment on your rant but I can comment on your accounting facts.

Your simplified example is wrought with errors, not the least of which is you ignore the interest income lost by the bank because the loan isn't paid of until maturity.

And you also iginore the real possibility that there was mortgage insurance on the loan whish would serve to linit the loss by the bank.

Argue the facts you know, don't guess about the accounting
.

your absolutely right that my simplified example is wrought with errors, accounting was never something I was totally into, that being said, it was merely a simplified example. Thanks and next time I'll leave out numbers

Have a great day

[Maurice Bedard]

QuayzyCrazy Moe, are we to textually copy your long letter and send that e-mail to all the people contacts you are providing here? Do I need to put my loan number anywhere? Will be have any repercussions by doing this? I hope not...

I do not guarantee anything and we MUST NOT live in fear. That is how they control us. I would guess that you should be just fine.

Ama, could you also please rewrite the e-mail addresses with the typos so everyone could see what they need to look like?

I fixed it.

bllominga Can't believe I found such a great group of friends and I love the letter Moe. My lender is not BOA but we are all in this together and think it will make a big difference the more members we can get to join in on the fun!

Thanks and way to go!

Caldwellb02 Hey all - lots has happened this a.m. I wanted to put one more two cents worth in about the name change and potentially spreading this too thin. We have just started to look at this differently - thanks to
Moe - and to organize. I for one would like to focus on this piece/our piece of this mess - the loan modifications. I'd like us to build our energy and our focus by doing what Moe has started and blanketing people/organizations with a purpose - that being to change the paradigm about how loan modifications, and those of us who are trying to get them, are being dealt with and to take the power out of banks hands.

I agree, but if we broaden the scope, others can do their part and they can support you and vice versa. This is one issue facing Main Street. Many of us here have job or money issues. Some need a place to rent or move. Some just need food for dinner. I think we can grow and help more on Main Street by offering more tools for people to fight back and also to learn of new opportunities.

If - no WHEN - we are successful at making the change in the atmosphere we have now, we will have shown how powerful the people can be in a new way. I am not saying not to tackle other issues - but this is the issue in front of us. This is the issue many of us have been writing about for months if not years with no positive changes. this is the issue we are the experts on. Let's use the power of our numbers and expertise and experience and focus on this.

I agree and this will ALWAYS be our MAIN FOCUS. I want you all to not loose focus on this. I will work in the back ground as I have with LoanSafe doing my search engine optimization and doing my magic so others find our website

Moe - I LOVE to write, and I'm an over-educated fool who is a low-paid director of a nonprofit. So I'll help. but I'm focusing on this issue here.
I wouldn't want it any other way and truly appreciate your passion. I love it!

Catherine Thank you Moe for keeping it K.I.S.S I copied and pasted the letter to each contact provided. DONE....lol what else ya got? I suggest real

Americans on main street or Taking America back......I love loansafe for it always feels safe

Thanks and you mean A LOT to me. Would you be mad if I changed it to MainStreetForum.org??

snapple Moe,
I do agree with Boband Arlyn, the liveordie.org is too radical.
Personally I like savethedream.org I do however think you should keep loansafe.org as its own entity and provide a link to the other site if people want to get involved in the other issues. You have done a lot to build this site, its name, and its reputation. What do they say about "if it aint broke, dont fix it"? I suggest building on what you have by doing add-ons.
So-cal-gal, I think you are on the right track about the "chess' games of these lenders. There is alot of them and you just have to figure out which one you are in. Good analogy.

Free or Die is out. How about MainStreetForum.org

Believe
WOW, excellent comments from all of you since I last signed on! I'm getting ready to copy and paste Moe's EXCELLENT letter and send it to every one of those contacts and my local media outlets, but I have a quick question first. I would like to know what prohibits our Congress from doing the following: Effective immediately, all foreclosure proceedings will be suspended indefinitely. There will be a 3-month moratorium on all mortgage payments. During this time, all mortgage loans will be reduced to no more than the assessed value (for tax purposes) of the property, and all mortgage loans will automatically be re-set to a maximum fixed rate of 5% for the life of the loan. At the end of those three months, after the mortgage services have successfully implemented those modifications, we will begin a 3-month process of mandatory loan modifications for homeowners whose mortgage payments are still above 28% of their net income, after taking into account the modifications of the previous 3 months. WILL SOMEONE PLEASE TELL ME WHY THIS CAN'T BE DONE? It really can be this simple!

Simple. That is because the banks own Washington and the media. They must make their friends appear in a good light and vice versa. How can we ever win? Oh, by making sure it stops!!

BobandArlyn
Just looked for SavetheDream.org and got "This domain has just been registered."!!!
Loansafe.org is still great.....think I like linking inside to whatever name is chosen as suggested by others.

We will do a redirect to the new name.

Kimbly - Moe - you have created such an amazing space. I came here first nearly 2 years ago not knowing what do to with my soon-to-reset mortgage and you and others talked me through requesting (over and over!) my modification. Because of you and some who are no longer here, I knew I could be successful at that mod. And, I was. In the end, a year and 1/2 after getting that mod, I'm leaving anyway. It's not defeat, it's a decision to not throw good money after bad in Pinal County Arizona. But, your site has changed me. Not just in regards to my mortgage or debts; but in how I view so many things and so many beliefs I used to hold. May God continue to bless you, Moe.

So glad to hear from you and see your screen name I remember you and love that you are back. These words mean a lot to me "your site has changed me. Not just in regards to my mortgage or debts; but in how I view so many things and so many beliefs I used to hold."

I am glad that I can open your eyes.

God bless you!

[Maurice Bedard]

Dear members and visitors,

Don't you feel like your voice is still NOT being heard? Do you really think Washington the media and the banks that own them all will DO ANYTHING TO REALLY HELP MAIN STREET?

We were lied to Bush and went into Iraq where no Weapons of Mass Destruction were found. The American people (80%) want our troops out of Iraq and Afghanistan, yet 8 years later and hundred of billions later, we are still there. They vote for the Patriot Act based on lies and deception. We lose our liberties because of lies and our Representatives DO NOTHING.

The Wall Street Bailout was a trillion dollar theft of our money by the banking system and carried out by Washington. They were SUPPOSED to HELP HOMEOWNERS with that money and we do nothing. We lose our money based on lies and our states
representatives DO NOTHING.

Obama promised his WHOLE campaign to help us and he has done absolutely NOTHING.

Washington HAS TO GO IN 2010 (ALL OF THEM BECAUSE WE CANT TRUST NO ONE), corrupt corporations exposed for the pariah they are and the media propaganda squashed by boycotting media that does not help main street. They cant have another two years there.

Why should we just keep letting it happen when we can easily do this online in a systematic fashion by educating the American people.

The only thing we need to do is get more people involved and we will. We need to be po

The reason for the name change is the evolution of this forum has entered a new stage and our scope MUST be broadened if we want REAL change. We have to or at least I do as an American go further with our efforts to have a voice in forcing change and dismantling these predatory corporations, expose the media puppets and shine a light on Washington corruption.

Social media is the answer.

The new name of LoanSafe will be "MainStreetForum.org". Think "Town Hall Meetings 24/7" and online help will continue. Maybe some member needs a place to rent. a new job, new business etc. Maybe a member needs an outlet for free food or help with utilities. You all exchanging ideas for new business, job openings and just life is only a natural progression of our forum.

We will use LoanSafe as a model to help ALL suffering MainStreet Americans and just broaden the topics to 4 or 5 other areas that affect us all. I feel this will only further or cause and attract more people to the forum.

I have to do this for my children, their children and my fellow Americans.

Does everyone agree that Washington should go in 2010?

The only Senators I can think that are standing up for Main Street areI am an independent, no party owns me, my vote or future)

1. Ron Paul R-TX
2. Marcy Kaptur (D - OH)
3. Dennis J. Kucinich (D - OH)
4. Brad Sherman (D - CA).

[joanne]

Moe - I received this today from Jonathan Tasini running for NY State Senate. I sent him a response - the "Open Letter to Bank of America"

Dear JOANNE,
I love our country, and I am sure you do as well. But you may feel, as I do, that our country can do a lot better for our children, our families, and our entire community. And we can - but only if we can change the system.
My name is Jonathan Tasini, and I am running to be the Democratic nominee in the 2010 primary for the United States Senate representing the state of New York. Recently, we’ve seen too many “Democrats” who repeatedly side with the insurance giants, Wall Street bankers and big corporations at the expense of families like yours and mine. As a result, we got the greatest financial crisis in our lifetimes, millions more people on unemployment lines, bankruptcies due to health care costs and declining wages.Click here to join our campaign
I believe we need a stronger, more progressive voice in Congress. If we are to live up to the promise of our hard-earned majority in Washington, we need Democrats in the tradition of Paul Wellstone and Ted Kennedy who will work for real change, rather than "business as usual."

With health care, climate change, financial crisis, and continued military involvement in Afghanistan setting the stage for a battle between special interests and what's best for a majority of the country-- now more than ever-- it's time for Congress to be working for you.

Today I would like to invite you to be a part of a campaign to bring a true Democrat to the U.S. Senate from New York.

Click here to join our campaign

Thank you,
Jonathan Tasini

[Maurice Bedard]

dee Hello everyone,
I just wonder if how many members does loansafe.org have?

19,896 members and 500,000 visitors a month.

HeuHere Count me in to assist. I'm in Georgia!

Awesome! I am so glad you joined the cause !!!

joanne Moe - I received this today from Jonathan Tasini running for NY State Senate. I sent him a response - the "Open Letter to Bank of America"

Great work! Now lets see if he will respond or pay attention to our cause? Keep us posted.

[Catherine]

Your so right Moe. In this day and age we have to look out for our children and thier children. The way this country has gone on many issues I fear for our little ones and what they will consider acceptable and normal. Like no big deal if you have a lot of money you can scam innocent families without accountability in fact you'll get paid extra. Nice message from Washington huh!! Triple dippin on our hard earned money add more debt SOB's anyway!! I am way fine with your choice of name for the site. I don't care has long as we are in this together for the long haul. Would be the only bumper sticker on my car if they are made and sold to help the cause.

[Liz Medrano]

Moe,

Awesome idea-I love the name. When will it change??

[Irish Gal]

The answer to our problems is going to be by focusing on the 2010 elections and MAKING sure we expose the lies and corruption that is being perpetuated by our states senators. They don't represent us ANYMORE THEY REPRESENT SPECIAL INTERESTS!

They ALL HAVE TO GO!!!

We might be changing the name of this website in order to cover more subjects beside loans because it seems like this is a forum by Main Street for Main Street and we are each facing more issues beside losing our homes. Jobs, money, rent, food etc is affecting most all of us.

I contemplating changing the name of the forum to a domain name I own called 'FreeorDie.org' We will cover loans, money, Washington and the media. One of the reason is we have to FOCUS ON 2010 elections and make sure the same senators that failed to protect the people are voted out in 2010 and the media that is in bed with the banks and Washington will be exposed as well.

We ALL must get politically active!!

Main Street must lead the 2010 elections and we cant let the media decide our fates. I feel we can be a platform via our forum to make a huge impact in 2010.

Great ideas, Moe. I agree 100%. As to name change, or evolving as a site or mission, I think I agree w/ others here who say "if it aint broke, don't fix it." You've put a lot of blood, sweat and tears into the Loansafe brand and its gained a lot steam in the past few yrs. So, maybe keeping that specific focus for now, is best. Maybe later, if you feel the need, you can consider that down the road. Keeping Loansafe #1 for now, so as to not "re-invent the wheel," seems a good idea. As for sub-sites (which I think would be great), I do like names with "Main St." in them. MainStreet4MainStreet is great. I get what you mean by #2, but, as mentioned elsewhere, the true meaning might confuse people, if on a bumper sticker. As we've got a month or so (per your timeline) before you do anything, I will keep creatively brainstorming. The sub-site idea to address other serious Main St. issues directly related to this econ meltdown might be really helpful to people (survival tactics, jobs, food, housing, healthcare, even maybe spiritual issues (as that is about the only thing keeping some people glued together during these hard times). I have seen helpful info out there on gen'l econ meltdown survival tactics, but hesitated to share here, as "off topic." My only concern about gaining "political" steam here is that we, as human beings, may allow emotions or partisan politics to dominate and forget the main purpose here (to stay united and help one another) which might divide us. If there's a way to avoid that, well, great. I, for one, am not a "teabagger" and any reference to such ways to combat Main St. issues loses me. They're manipulated and funded by corp interests. Well, there ya go. See, I just alienated someone, I'm sure ! And, that was not my intent . So, as we move forward, that's a concerns about moving ahead into any "political" arenas. As we see every day in America (when corporate America has a lot at stake), any political "activism" turns out to be nothing more than a lot of ignorance, disrespect, yelling, and disseminating misinformation to Main St. (on whatever issue of the day might be), so Main St. can then "take each other out" and never learn who their real enemies are Pretty ugly and nasty. And, that's just what the "Powers That Be" want, a dead and divided Main St. It works every time, for them. The end result: Main St. gets nowhere and nothing. Just things to think about when delving into anything "political." Great ideas. But, might be easier said, than done. The political class continues to successfully divide Main Street on deep levels. We've seen it w/ the homeowner hater clubs throughout this crisis. Some here have seen it w/in their own families! I wish I were wrong. Peace, my fellow Main Streeters

"All that is necessary for evil to triumph is for good people to do nothing."
Edmund Burke, Philosopher (1700s)

[Irish Gal]

The only Senators I can think that are standing up for Main Street areI am an independent, no party owns me, my vote or future)

1. Ron Paul R-TX
2. Marcy Kaptur (D - OH)
3. Dennis J. Kucinich (D - OH)
4. Brad Sherman (D - CA).

Don't forget Bernie Sanders (I-VT). Love him! Very outspoken Independent who has consistently voted against corp control and domination for yrs and yrs! GREAT American Senator!

[caldwell02]

I'm in. Like the name change - Mainstreetforum..... My current fight will be the loan mods. Then when there is a breather or a miracle I will help in all other ways possible. My everyday (and sometimes 24/7) work is in service, and I believe in the volunteer spirit. I also strongly believe in all of us here. I am going to sometimes be selfish and push to get Chase moving in the right direction, but there is no telling how pushing one bank might get others to step up.

Moe (or was it Evan? I am "old" and confuuuused at times) said Bruce Marks is on his speed dial. Right now NACA is not in a favorable position in my eyes, and it would be really helpful if we could get them on board. If NACA is being funded in part by taxpayer dollars, then they are working for us. They have been promising me and others things they are not coming through with, and that Reaks of what the banks are doing. How about it NACA? Are you willing to really serve the needs that are plastered all over this forum and really help push the banks to do what they should do?

[bloominga]

I agree that #2 is really not a name that I could put my arms around. We shouldn't take a chance on people being put off by the name. Today's American for the most part would be put off.

I am a 'flower child' of the 60's and proud of it. Our name should be a mantra or as most today would say, a mission statement and I think it would be misconstrued as too radical.

[Maurice Bedard]

I thought you all would like this email. Please keep in mind that I have spoken to the media a million times and the Wall Street Journal many also.

We on Main Street must use media that will help us and boycott the ones who only make us look like fools.

Here is the email:

Hi Jane,

You want to know why I haven't called back? I have spoken to a lot of your journalist and spent countless hours with guys like Jonathon Karp to never get a mention or benefit in the WSJ.

Plus isn't the WSJ for the well to dos in Glass Houses and not for those geting foreclosed on Main Street? How can you help our cause?

[bloominga]

HeruHere....glad to find another Georgian here!

[Maurice Bedard]

Thanks for the input Catherine as always!

Faith, please think because it seems like you sort of made the point that it should be a broader focus. I am an expert at branding etc. and I will make a gradual change over a two month period with emails, newsletters etc and then link everything to the new site for months. Please trust my judgment there. I wont let you all down!

Caldwell, thanks for meeting on common ground. I wont let you down. It is me who has Bruce on my cell and calls have been made. Lets see if they come through.

Please keep in mind that I have tried for two years and what I have learned is that everyone has AN AGENDA AND WANTS the lime light. Bruce likes me, but I sometimes feel that many of these guys see me as a possible threat to their mission. Think about it, they (NACA, Hope Now and ACORN) spend millions on actual marketing to attract people to help. I do that with not one penny and or Federal support and I dont charge. People find NACA from me and help on loan mods because I am an expert on the web and in social media.

I think I have figured it out and they don't, right?

There seems to be a problem here when I am ignored but have the busiest website with struggling homeowners in the world. Is it because the truth is told here and this is a free forum where your first amendment rights are protected? I think that is EXACTLY why. This is the lions den for all these out fits and they are scared.

With that said, lets hope Bruce Marks and NACA do the right thing and help you all here. But lets not hold our breathes.

[BobandArlyn]

Moe,

I take pride in that you chose our suggestion for the new name--it came like a flash from above! I've never been very politically active before now and I do hope that I can learn from you and all of the wonderful, insightful, intelligent people of this forum. It's exciting to be on the ground floor of a movement that will hopefully will make a difference if MAIN STREET USA!! THANKS MOE.

Arlyn

[caldwell02]

Moe - thank you again.

So that you are not the only niggle in Bruce Marks' ear, is there a direct e-mail for him that I can write to? I'd be happy to let him know that I have the ear of my congressman and my Senator (not that they are effective - yet). I'd be happy to let him know about the faith I had and am losing in NACA, and how he seems to be more power hungry than service-oriented. And I'd be happy to let him know that I am willing to see things differently - if he could only make NACA's actions fit their words. WALK THE TALK.

[bloominga]

I didn't mean that to sound the way it may have sounded. Not glad for why you're here.

Sorry if it came out wrong.

D--

[Slim Shavings]

A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. That is the number of American mortgages currently reported to be held by MERS. Over half of all new U.S. residential mortgage loans are registered with MERS and recorded in its name. Holdings of the Kansas Supreme Court are not binding on the rest of the country, but they are dicta of which other courts take note; and the reasoning behind the decision is sound.


Web of Debt - LANDMARK DECISION PROMISES MASSIVE RELIEF FOR HOMEOWNERS AND TROUBLE FOR BANKS



More discussion here

WARNING: MERS bombshell INCOMING! [Breaking] - MarketTicker Forums

[caldwell02]

Sooooo. Cautiously here..... this is potentially a precident for ALL of us?

I'm out of my league when it comes to legal stuff. My loan was through Long Beach Mortgage, which was somehow attached to WaMu. Without letting me know, they sold my first mortgage to Deutsche Bank. Now, again without my say so, Chase is the servicer on my first and Wamu/Chase on my second.

How do we find out if MERS is in our mix?

And if this decision is a bombshell, then does it really matter? Does it potentially mean that no one but Long Beach Mortgage could foreclose on me? Is that the theory or am I way off in left field?

[Slim Shavings]

I just went to the MERS database and my mortgage is on there. You can check yours

https://www.mers-servicerid.org/sis/

Just follow the prompts. This is HUGE!!!! We'll see how the government twist this

[Maurice Bedard]

Don't forget Bernie Sanders (I-VT). Love him! Very outspoken Independent who has consistently voted against corp control and domination for yrs and yrs! GREAT American Senator!

You're right. I am going to have a list of patriotic senators and DC Devils soon. I think we have maybe 5 or 7 American Patriots in Washington and the rest are Corporate Patriots.

Caldwell
Moe - thank you again.

So that you are not the only niggle in Bruce Marks' ear, is there a direct e-mail for him that I can write to? I'd be happy to let him know that I have the ear of my congressman and my Senator (not that they are effective - yet). I'd be happy to let him know about the faith I had and am losing in NACA, and how he seems to be more power hungry than service-oriented. And I'd be happy to let him know that I am willing to see things differently - if he could only make NACA's actions fit their words. WALK THE TALK.

My pleasure. Here you go, "Bruce Marks" bmarks@naca.com. Here is their communications director, "Darren Duarte" dduarte@naca.com

Moe,
I take pride in that you chose our suggestion for the new name--it came like a flash from above! I've never been very politically active before now and I do hope that I can learn from you and all of the wonderful, insightful, intelligent people of this forum. It's exciting to be on the ground floor of a movement that will hopefully will make a difference if MAIN STREET USA!! THANKS MOE.
Arlyn

Thats how the best ideas happen

[Slim Shavings]

Sooooo. Cautiously here..... this is potentially a precident for ALL of us?

I'm out of my league when it comes to legal stuff. My loan was through Long Beach Mortgage, which was somehow attached to WaMu. Without letting me know, they sold my first mortgage to Deutsche Bank. Now, again without my say so, Chase is the servicer on my first and Wamu/Chase on my second.

How do we find out if MERS is in our mix?

And if this decision is a bombshell, then does it really matter? Does it potentially mean that no one but Long Beach Mortgage could foreclose on me? Is that the theory or am I way off in left field?

I don't know for sure whats up. Hopefully Moe will read and add his opinion. There is a lot of discussion here also

from over at ticker...WARNING: MERS bombshell INCOMING! - The Tree Of Liberty

[caldwell02]

Mine's not there. But I don't think it matters, if it's precedent??????

[Maurice Bedard]

Slim, THIS IS AWESOME NEWS FOR HOMEOWNERS!!!!!!!

I have to make this into my own article and start a thread tomorrow. Lets just say that this may be the answer to help all homeowners!!

[Maurice Bedard]

What they are saying is that basically any securitzed mortgage may be invalid and fraudulently created? So if your mortgage is originated by Countrywide or Chase and they also service the mortgage too then this will have little affect.

Caldwell, looks like yours might fall under this.

This will take hours to analyze and write an article on. Tomorrow I plan to come out with my take on this and what it means to homeowners.

Thanks again SLIM!!!

[Believe]

Believe here, reporting for duty from Iowa! Although I must admit I don't owe one dime to Bank of America, nor do I have a dime invested with them, I sent a personalized e-mail message to all on today's list, and then some. In fact, I like the letter so well, I believe I'll send it to my lender, HSBC. THANKS FOR ALL YOU DO, MOE!

[Slim Shavings]

Don't forget to tell us how our caring POTUS and congress can screw us over With some BS legislation. I just found your article from time back. And there wee similar decisions in Ohio,Arkansas,NY and NC sometime back as I'm sure you know

The article was linked to over at the ticker forum. KARL D (forum owner) is a big fan of getting rid of corruption.

[Liz Medrano]

My loan is there as an aquisition from WF.