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promissory note

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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