This ultimately could help hundreds of thousands of homeowners across the USA. The two companies listed are former Calif. companies with headquarters in Southern California. They were banned from doing business in California in Oct. 2007 by orders issued by the Calif. Corporations Commissioner. They were also under Grand Jury Investigation prior to filing a Chpt. 11. At least one of the employee notaries of New Century Mortgage and Home123 Corporation, a California notary, made no line item entries in his California notary journal. He indicated that the other employee-notaries of those companies did it the same way. The 'way' is contrary to California notary laws and other laws. Since New Century Mortgage and its subsidiary, Home123 Corporation, was one of the worlds largest subprime lenders these employee notaries performed hundreds of the notarizations per day. This means that any of their so called notarizations are invalid and illegal. This effects hundreds of thousands of assignments of deeds or mortgages and other documents they notarized. This could have impacts to foreclosures and also to anybody who thinks they have a clear chain of title. Additionally, if you have one of their assignments, you should report the illegal act to your local police department and get a report number. It also feeds into the alleged RICO and other criminal acts by the entities which securitized the mortgage loan pools. This in turn would point to REMIC IRS violations and income tax evasion schemes. The California AG has started a new task force related to foreclosure and mortgage fraud. She needs to start working on this problem and get all the notary journals from those California notary-employees who should have turned their journals in to the Orange County Calif. Recorder's Office. In one case that I found, and it was the only case I pursued, the notary still had it at home! Illegal.
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