The Lisbon Reporter

WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA

Wednesday, January 30, 2013

Where Does the Fraud Begin posted at MIG by Wisewarrior Friday‏

Hi Roger Tanner,

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In reply to Where Does the Fraud Begin posted at MIG by Wisewarrior Friday, John said:
I am aware of those cases. Those were not cases based on the fact the alleged borrower was the real creditor. Those were cases based on procedure violations and the fact the notes were separated from the mortgage. Most of those involve MERS who was acting as trustee holding the mortgage or trust deed while never having the note. Some others revealed this after having a securitization audit done showing the note was sold on the stock market where the notes are destroyed and converted into a stock which you can't put it back as a note once it was converted to stocks. Banks were using COPIES of the note trying to conceal that.