Bearer Paper, the new Parlor Trick and the Holder in Due Course.

It is not ethical, for a Promissory Note, attached to a Mortgage Deed of Trust, to be endorsed in Blank and scanned into an “Electronic Registry Systems” for anyone with a title to “servicing rights” and a membership code, to pass themselves off as a Holder in Due Course or a Holder of Bearer Paper. It is not morally not ethically nor lawfully sound jurisprudence, it is a blatant disregard for the Court’s Civil Procedure. A charade, a trick, a game of poker, where the gambling pro is allowed to bluff with a photocopy of the Ace up his sleeve.

Number of Mainers who are currently deliquent on mortgage: 5,371

According to an annonymous source who works with credit reporting agencies, the number of pre-default households in the State of Maine is an astounding number well over 5000! This means 5000 Maine families could be facing foreclosure in the next few months. Unfortunately, the traditional ways to prevent foreclosure in the past are no longer [...]