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Current Homeowners and New Homebuyers Alert

 

What was predicted to happen nearly three years ago has now become reality...and it's only going to get worse.  The true horror of the MERScurse is starting to manifest itself in all areas of Real Estate transactions.

 

GT Lockbox has stated for several years that the "Core" of this entire crisis centers around one thing...Your TitleThe devastating side effects have led to "Equity Stripping" and the Financial Ruin of Millions of American Homeowners!

 

Similar to recent events in Massachusetts, now comes news from LAS VEGAS (AP - KSNV MyNews3) — The Nevada Attorney General's office says two title officers have been indicted in Las Vegas on more than 600 charges alleging they directed a "robo-signing" scheme that led to the filing of tens of thousands of fraudulent foreclosure documents that have potentially created thousands of "Clouded Titles"...even if you purchased a foreclosure.

 NEWS RELEASE... OCTOBER 18, 2011... Bevilacqua v. Rodriguez

       
 

A Clark County District Court judge in Las Vegas issued warrants Wednesday for California residents Gary Randall Trafford and Geraldine Ann Sheppard after a grand jury handed up the 439-page indictment.

 

"The grand jury found probable cause that there was a robo-signing scheme which resulted in the filing of tens of thousands of fraudulent documents with the Clark County Recorder's Office between 2005 and 2008," said Chief Deputy Attorney General John Kelleher.

 

It accuses Trafford and Sheppard of directing employees to produce fraudulently notarized notices of default for filing with the Clark County recorder's office from 2005 to 2008.

 

Attorney General Catherine Cortez Masto says Trafford and Sheppard face more than 200 felony charges of offering a false instrument and false certification of an instrument, and more than 100 misdemeanor notarization charges.

 

The indictment alleges that these crimes were done in secret in order to avoid detection.

The fraudulent NODs were allegedly forged locally to allow them to be filed at the Clark County Recorder's office on the same day they were prepared.

District Court Judge Jennifer Togliatti has set bail in the amount of $500,000 for Sheppard and $500,000 for Trafford. The case has been assigned to Department 5 District Court Judge Carolyn Ellsworth who will preside over the case.

Responding to homeowner complaints, Nevada has become the first state in the nation to make illegally repossessing a home a felony, and  may send bankers to jail for doing such...read the following:

 

Nevada Makes Illegal Foreclosures Felony

 

More Below...

   

     
      60 Minutes Reports On "Robo Signing"  
     

       
 

Warning flags are everywhere and both homeowners and homebuyers are justifiably concerned when it comes to selling or purchasing a home in today’s Real Estate market.

   
     
  • Buyers today have expressed a real concern that if they do purchase a home, how will they know if it will ever be Truly Their’s.   The MERScurse reaches deeper than anyone could have ever imagined.

 

  • For Sellers the concern is even greater.  For some, the concern is if they actually own the home they thought they purchased, which raises the concern about any homeowners ability to sell their home to another party when the need arises.

 

  • Many Realtor refuse to get involved with a “Short-Sale” for fear of personal liability arising from a clouded title issue.

 

  • Investors are now looking at the possibility that the investment they made may be invalid and true ownership may seriously be in question.

  

  • For some, the concern is if they actually own the home they thought they purchased!
   
    If you are trying to sell a home or if you are considering the purchase of an existing home, the GT Lockbox Rapid Review can quickly tell you if certain indicators exist that may indicate the potential of a Clouded Title.   Information delivered to you in as little as 5-Days...read more    
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