by Moe Bedard
The system also led to confusion. When MERS was involved, borrowers who hoped to work out their loans couldn’t identify who they should turn to.
As cases filed by MERS grew, lawyers representing troubled borrowers began questioning how an electronic registry with no ownership claims had the right to evict people. April Charney, a consumer lawyer [...]
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by Moe Bedard
By Moe Bedard
In June of 2008 I ran an article about MERS: Mortgage Electronic Registration Systems, Inc. MERS is named as a mortgagee on more than 50 million mortgages throughout the United States. Yet, MERS does not lend money to consumers. The purpose, utility and legality of MERS has been called in to question in [...]
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