March 16, 2018
Prescott Lovern, Sr. (Lovern) just attempted to purchase a house in Maryland only to discover that Wells Fargo had not done anything [as required] about a fraudulent Certificate of Satisfaction recorded by DocX, allegedly signed by the infamous Linda Green [she and the DocX CEO went to prison for fraudulent title documents like the one mentioned], making the house impossible to legally buy due to the clouded title. Wells Fargo (WF) lawyers Pam Pearson, Allen Parker and their outside law firm Morrison Foerster lawyer, [Michael Miller] swept it under the carpet. “Wells Fargo to pay $1.2 billion in U.S. mortgage fraud settlement.” [Feb. 2016]. This is just a drop in the bucket of what WF has paid out in settlements.
After finding a second house to buy Lovern discovered that it too did not have clear title due to Bank of America recording a fraudulent title document on behalf of Mortgage Electronic Registration Systems, Inc. (MERS). The proof that the MERS document is fraudulent is sworn testimony by the MERS corporate secretary admitting it. Alleged “apparent authority” is legally impossible because of fraud committed by MERS’ corporate secretary and Delaware Court precedents / corporation law. [MERS is a Delaware corporation]. Bank of America (BOA) lawyers David Leitch, Jill Anderson & Andrew Cline swept this under the carpet offering no explanation about what BOA intends to do about this and other clouded titles all over the country. Lovern offered to take it off their hands if they bought it back, knowing it didn’t have clear title in lieu of litigation, but they elected to waste more shareholder equity. Lovern is filling disciplinary complaints against the all the lawyers.
Wells Fargo & BOA continue to defraud homeowners and potential homeowners with known fraudulent assignments and certificates of satisfaction recorded [local courthouses] all over the country. BOA has spent over $70 billion since the financial crisis to resolve legal and regulatory matters, including those tied to its purchases of Countrywide in July 2008 and Merrill Lynch & Co.
ALERT!!!!!!! CONSUMERS, HOME BUYERS…, DON’T ASSUME YOUR TITLE COMPANY IS TELLING YOU THE TRUTH ABOUT CLEAR TITLE AS MANY TITLE COMPANIES ARE IN ON THE SCAM. It is estimated that over 50% of all residential properties in America have clouded titles. The regulators are looking the other way.
Litigation is coming. Stay tuned.