Monday, March 19, 2012

Guilford County Register Of Deeds Files Robosigner Suit; Seeks To Clean Up Bankster-Created Mess In Land Records Registry

From the Office of the Guilford County, North Carolina Register of Deeds:

  • Guilford County, ex rel. Jeff L. Thigpen, Guilford County Register of Deeds, filed suit today against LPS/DocX, MERSCORP, MERS, Inc., and numerous banks, loan servicers, and foreclosure specialists seeking to clean up the “mess” Defendants created in the County’s property records registry.

  • Our office uncovered an abundance of falsified, forged, and fraudulently executed mortgage documents,” said Thigpen. “But our investigation only found the tip of the iceberg. We need the banks to clean up their mess.”

  • The suit cites as evidence Thigpen’s identification of over 4,519 mortgage documents that were filed by DocX with the Register of Deeds and signed in the names of known robo-signer aliases: “Linda Green,” “Christie Baldwin,” “Pat Kingston,” “Korell Harp,” “Jessica Ohde,” “Rita Knowles,” “Linda Thoresen,” and “Brent Bagley.”

  • How can we maintain accurate records of title with fraudulent documents? The banks are also maintaining their own private registry called ‘MERS’ that prevents the public from discovering who owns what loans. Because there is no accountability for MERS, its records are also a mess,” said Thigpen.

  • The system is broken and it needs to be fixed. We’re telling MERS and the banks: you broke it, you fix it.” In an April 6, 2011 letter, Thigpen and Southern Essex (MA) District Registry of Deeds John O’Brien urged Iowa Attorney General Tom Miller to investigate MERS and its impact on Registers of Deeds as part of the national attorneys general robo-signing investigation.

  • The suit cites numerous reasons why MERS fails to keep reliable chains of title, and notes that the recent attorneys general settlement did not address MERS’s and robo-signing’s impact on Registers of Deeds. “When you combine the fraudulent documents with MERS, it is difficult if not impossible to trace title for property. Potential title defects hurt Guilford County homeowners and businesses by impacting property values,” said Thigpen.

  • We need to clean up chains of title to ensure certainty in the land records system.”

For the Guilford County Register of Deeds press release, see Guilford County Sues To Clean Up Banks’ “Mess” at the Register of Deeds.

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