FIRST, NONE OF THESE ISSUES MATTER IN THE CONTEXT OF FORECLOSURE CASES AT THE TRIAL COURT…AND THE APPELLATE COURTS ARE WALKING AWAY FROM THESE ISSUES:
You should preserve the rights to pursue a deficiency in those cases where preserving the rights does not add additional time or expense to the foreclosure action. in those cases where preserving the rights to pursue a deficiency results in additional time or expense, you should not preserve the rights unless you receive specific instructions to do so.
Foreclose in the name of Wells Fargo Bank. Do not initiate Foreclosure in the name of MERS, Fannie Mae or Freddie Mac. if title comes up in Fannie Mae or Freddie Mac please prepare an assignment to ….. N_A. if title comes up in the name of MERS and you have Power of Attorney to sign on behalf of MERS, please prepare, execute and record the assignment from MERS to ….. Bank, N.A. and forward a copy of the executed assignment via VendorScape to the
“Assignment Issues” processor. Upon receipt of the recorded assignment, please forward the original recorded assignment to: Default Doc Department . If you do not have Power of Attorney to sign on behalf of MERS, please prepare and send the assignment via VendorScape to the “Assignment issues” processor for execution.
Vesting of the foreclosure deed should be taken in the name of: FHLMC.
Accepting the referral vie VendorScape CMS is an acknowledgement that your agrees to abide by the terms conditions and procedures outlined in these instructions. lt further incllcates your ability to comply with the noted standard and the willingness to reimburse …successor by merger to … for any curlaliments, penalties or damages resulting from your iirm’s non-compliance or lack of diligence in meeting investor foreclosure timeframes. If you are unwilling to accept these terms as stated. please Contact the processor assigned to this case immediately.