Insider Tips to Identity Wrongful Bank Robo Signed Foreclosures

Nov. 13, 2010 - PRLog -- (Atlanta, Georgia) -- The Go Fight Foreclosure System (http://GoFightForeclosure.com) today announced to give away tips to help homeowners identify if banks used robotic signatures to carryout foreclosures. Citing that learning how-to conduct proper research to review mortgage documents is the best solution to combat wrongful bank foreclosures.

According to Kyle Ransom, CEO of Ultisky, Inc owner of GoFightForeclosure.com robotic signatures enforcing foreclosures are typically linked to MERS (Mortgage Electronic Registration Systems, Inc). Ransom stresses that MERS is a separate corporation and is often the beneficiary of over 50 million loans held in securitized trusts.
He contends MERS assignments purports that it transfers the “mortgage, mortgage note, mortgage loan”  which would be the deed of trust in non-judicial states or security deed in Georgia (all known as the debt) but also includes the transfer of the Note. He challenges and warn homeowners in foreclosure or foreclosed on that MERS has no authority to transfer the Note.

“The real crime is that these robotic signers are completely circumventing proper laws that govern how to document the chain of assignment and ownership title. Making it impossible to discover who is the true holder in due course because these assignments are being prepared right before foreclosure and only to foreclose. In the majority of cases there are missing and intervening mortgage assignments never recorded,” stated Kyle Ransom.

Continuing Ransom reveals that it is common for mortgage assignments conducted by robotic signers likely to have a notary signature that are squiggle marks and extremely hard to make out any actual signature names on the document.

Also Ransom verifies that commonly the names of the notary on file in the state that the notary is registered in rarely ever matches the mortgage assignment signature. Which he says leads him to believe that robotic humans also signed as notaries and still do today.

He even reveals that he has seen  many mortgage assignments used in foreclosures without a corporate seal affixed.

Ransom urges every homeowner in foreclosure situations and foreclosed on to educate themselves. He says banks carryout wrongful foreclosures because homeowners don’t object. Relating if homeowners had the right knowledge they could defend themselves against foreclosures.

Receive a free report from Go Fight Foreclosure System visit http://www.gofightforeclosure.com/freereport.html .

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The Go Fight Foreclosure System™ provides homeowners in foreclosure situations the resources needed to fight foreclosure sales before and after. To learn more about the system please visit http://GoFightForeclosure.com .