From Florida and ground zero for many, many fradulent practices by mega banksters comes the following slide show which makes it clear how mortgage fraud is perpetrated on the public.

Now that mortgages are sold over and over under MERS (Mortgage Electronic Recording System), this means that Mortgages are sold as commodities, like pork bellies, and no one often knows who truly owns the mortgage and note dozens of transactions later.

Fees can amass as mortgages are transferred, escrows escalate and late fees become phenomenal.

https://drive.google.com/file/d/0B6FbJzwtHocwRE1nYXpRWHdMNXc/view?usp=sharing

this is an excellent example of how to spot mortgage and note fraud and defeat proceedings for foreclosure.

JoAnne