MONITORING THE ECONOMIC PULSE OF THE TRIAD BY BRIAN CLAREY
Jeff Thigpen vs. the robosigners
Guilford County Register of Deeds Jeff Thigpen made national news with his lawsuit against LPS, MERS and other banks and mortgage companies that employed the technique of robosigning in their quest to foreclose on people’s homes and evict the residents.
Thigpen says he found more than 6,000 mortgage documents filed with his office signed by known aliases of robosigners “Christie Baldwin,” “Pat Kingston,” “Korell Harp,” “Jessica Ohde,” “Rita Knowles,” “Linda Thoresen,” “Brent Bagley” and the infamous “Linda Green,” And, he says, because the banks created a privately held company called Mortgage Electronic Registration Systems — or MERS — to hold most of the mortgages in the country, it is difficult if not impossible to ascertain exactly who holds these notes. He said it created a “mess” in his department’s registry, and the lawsuit is intended to clean it up.
The lawsuit went to NC Business Court on Tuesday in Raleigh as the defendants made a motion to dismiss all charges. A judge should make a ruling within the next few weeks. — Brian Clarey