Scroll down for VIDEO - Interview with MERS CEO
IN THE SUPERIOR COURT OF FULTON COUNTY
STATE OF GEORGIA
MORTGAGE ELECTRONIC :
REGISTRATION SYSTEMS, Inc.;
and MERSCORP, Inc
The Plaintiff shows herein that MERS’ foreclosure on Plaintiff’s property was not valid and was wrongful, as are those foreclosures by MERS on the property in the State of Georgia of all similarly situated persons to the Plaintiff wherein MERS sent the notice of foreclosure to the debtor and wherein MERS purports to have exercised the power of sale and auctioned the property. MERS does not have the authorized power to send a valid notice of foreclosure within the State of Georgia for those deeds where it is “solely a nominee” and does not have the authority or power under Georgia law to foreclose on a property or engage in an auction of sale on such property where is is “solely a nominee” on such deeds.
We can only imagine the blood-curdling feeding frenzy as trial lawyers gash the bones and suck the marrow from the fraudulent banks.
Scribd Document: Class Action vs Mortgage Electronic Registration Systems, Gmac, Deutsche Bank, Nation Star, Aurora, Bac, Citigroup, Us Bank, Lps, Et Al
From page 75 of the Kentucky complaint:
- "From the time of the Great Depression up and until 1999, the conversion of loans into MBS was illegal. The Banking Act of 1933 established the Federal Deposit Insurance Corporation (FDIC) in the United States and introduced banking reforms, some of which were designed to control speculation of the exact nature of what has taken place in the last several years. It was commonly known as the Glass–Steagall Act. Over the years provisions of the Act were eroded little by little, until the Act was finally killed with the last repeal of the section which prohibited a bank holding company from owning other financial companies. This was accomplished with the Gramm–Leach Act."
Fox Video: CEO R.K. Arnold discusses how the company and its database are involved in the nation's foreclosure mess.