Do you know about - MSNBC ON FRAUDCLOSURE: NO MENTION OF REMIC OR MERS. 10-7-2010
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MSNBC ON FRAUDCLOSURE: NO MENTION OF REMIC OR MERS. 10-7-2010 Video Clips. Duration : 11.33 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Phone Claim . Link From: www.newzzcafe.com Kentucky lawyer Heather Boone McKeever has filed a state class-action suit and a federal civil racketeering class-action suit on behalf of homeowners facing foreclosure, alleging that MERS and financial firms that did business with it have tried to foreclose on homes without holding proper titles. REMICS were newly invented in 1987 as a tax avoidance measure by Investment Banks. To file as a REMIC, and in order to avoid one hundred percent (100%) taxation by the IRS and the Kentucky Revenue Cabinet, an MBS REMIC could not engage in any prohibited action. The "Trustee" can not own the assets of the REMIC. A REMIC Trustee could never claim it owned a mortgage loan. Hence, it can never be the owner of a mortgage loan.
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