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Loan Modification

: Mortgage Lender Implode-o-Meter

HSBC SUSPENDS ALL FORECLOSURES! It is of course a MERS Bank!

By Implode-Explode Heavy Industries

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``Is there any wonder HSBC suspended foreclosures? They can't foreclose because they are not the owners and now there can't be foreclosures in MERS name, due to them not having rights as nominee. Now, my next question is how can any of the banks from Bank of America, JP Morgan Chase, Wells Fargo, Goldman Sachs/Litton Loan and the list goes on and on, take foreclosure action on anyone? Will they go back to the servicer being listed as the foreclosing entity?''

Full post as published by Mortgage Lender Implode-o-Meter on March 02, 2011 (boomark / email).

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