Posts tagged as:

MERS

MERS: Do Banks laugh at our state laws as they wreak havoc on our nation?

by Moe Bedard

Maybe our state Attorney Generals will have to take a look at this article and recent MERS cases. It looks like many state laws may have been violated on a massive scale in the sale of millions of securitized mortgages that were packaged, sliced, diced and then sold around the world.
Like these banksters did not [...]

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Court Ruling Upholds Foreclosure Sale Despite MERS’ Appeal

by Moe Bedard

In its ruling, the supreme court said that MERS was not a “contingently necessary party.” It added since Sovereign Bank didn’t register its interest with the county’s register of deeds, it had no rights in the foreclosure preceding.
In response to the ruling, MERS president and CEO RK Arnold said the firm was disappointed, but respected [...]

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Will MERS Finally Come to Justice?

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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The Mers Fifty Million Mortgage Meltdown

by Moe Bedard

By LoanWorkout.org Reader Kevin Lamson
PART I. The Promissory Note Evidence Ownership of Debt and Standing to Bring Suit.
· The Fundamentals:
In the period beginning in 1999 and ending in March of 2008, Mortgage Electronic Registration Systems Inc., a/k/a/ MERS, has been named as a “mortgagee” on over fifty million mortgages. Yet MERS has never originated a [...]

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Lenders sued for rushing through foreclosure process

by Moe Bedard

Minneapolis Legal Aid attorney Amber Hawkins said in nearly half the cases the entity identified as the agent in the foreclosure was a Virginia-based company called MERS, Mortgage Electronic Registration System, Incorporated.
MERS, Hawkins said, did not hold the mortgages on the foreclosed homes.
MERS was created by the country’s largest mortgage lenders including Chase, Citigroup, Countrywide, [...]

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