Don't Reverse Any Mortgages Until You Read This Free Guide Front-to-Back

01/25/2013

0 Comments

 
Picture
(hat tip to "The Housekeeping Report")

NCOA Issues Updated Guide for Seniors Considering a Reverse Mortgage


     The National Council on Aging (NCOA) today issued the 2013 version of Use Your Home to Stay at Home™, the official reverse mortgage consumer booklet approved by the U.S. Department of Housing & Urban Development (HUD). The guide is designed to help seniors understand the pros and cons of a reverse mortgage. Reverse mortgages allow homeowners who are 62 or older to convert home equity into cash while remaining in the home.

     Amy Ford, director of NCOA’s Reverse Mortgage Counseling Services Network, called the guide “an older homeowner’s best resource when it comes to examining whether a reverse mortgage is right for them.”

A free copy of the guide is available (download the pdf by clicking here).
Add Comment
 

Washington State Supreme Court rejects bogus arguments offered by MERS

08/16/2012

0 Comments

 
foreclosure_defense_8-16-12_bain_v_mers_wa_state_supremes_great_decision.pdf
File Size: 113 kb
File Type: pdf
Download File
The Washington Supreme Court today announced an important decision, finding --- as the Oregon Court of Appeals just did recently in the Niday case --- that the phony-baloney attempt to dodge recording fees known as MERS can't have it both ways and claim to be just an administrative convenience AND force people out of their homes.  Another blow for justice in the Northwest.
Add Comment
 

BULLSEYE!  A huge victory for fairness for Oregonians!

07/18/2012

0 Comments

 
Picture
The Oregon Court of Appeals has ruled that the hydra known as MERS -- the monstrous placeholding dummy with a million phony vice-presidents, which the mortgage servicing industry created to attempt to evade the requirement (and the fees) that all transfers of interests in mortgages be recorded -- cannot use the streamlined, fast-track nonjudicial foreclosure process in Oregon! 

Niday v. GMAC Mortgage, LLC et al,

"[T]he import of our holding is this: A beneficiary that uses MERS to avoid publicly recording assignments of a trust deed cannot avail itself of a nonjudicial foreclosure process that requires that very thing-- publicly recorded assignments."

The nonjudicial foreclosure process was created in the old days when lenders held onto their mortgage loans, which were actually underwritten thoughtfully.  Fast forward to the slice-and-dice fast-money 1990s-2000s, when the banksters and money men started financializing everything and you suddenly had a tool that was being used against homeowners in ways never intended, by an entity never imagined by the law, a weird hybrid creature that pretended to be both the beneficiary of the loan (when useful to MERS) and not the beneficiary (again, when useful to MERS).

Hurrah for the Oregon Court of Appeals.  BULLSEYE!  Seems likely the MERS scammers will appeal but, for now, a true shining example of Oregon flying with her own wings and reaching the right conclusion despite a number of other states having missed the mark widely on this issue.
Add Comment
 

A courageous blow for the rule of law in Oregon and against the MERS scam

03/01/2012

0 Comments

 
james_v_recontrust_mers_order_2-29-12.pdf
File Size: 2484 kb
File Type: pdf
Download File
  A tremendously important and even courageous decision by a federal judge in Oregon.  The banksters are mobbing in Salem, desperately trying to make past illegal conduct OK.  Call your representatives and tell them that you expect that they will stand up for Oregon, not for the big banks throwing people out of their homes after having been bailed out to the tune of billions and billions of dollars.  TELL THEM: 

NO RETROACTIVE APPROVAL FOR THE MERS SCAM!  BANKS AND MORTGAGE SERVICERS SHOULD HAVE TO FOLLOW THE LAW TOO!
Add Comment
 
John Gear Law Office LLC; 503-339-7787; John@JohnGearLaw.com. My office is in Suite 208B of the Security Building in downtown Salem. That's at 161 High St. SE, across from the Elsinore Theatre, just a block south of Marion County Courthouse. There is abundant, free, 2-hour on-street parking throughout downtown. #### #### #### Lawyerly fine print: Licensed in Oregon. This site may be considered advertising under Oregon State Bar rules. There is no legal advice given or intended on my site. I'm not your attorney unless we have met in person and entered into a representation agreement; while I hope you will consider me when you seek an attorney, you should not hire any attorney based on brochures, websites, advertising, or other promotional materials.