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Loan Modification

: Mortgage Lender Implode-o-Meter

MERS Mortgage Registry Litigation May Slow Foreclosure, Cloud House Titles

By Implode-Explode Heavy Industries

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"?MERS is the central device by which the banks have tried to opt out of the legal system and the real-property record system,? U.S. Representative Alan Grayson of Florida said in an interview. ?They have taken it upon themselves, with the supposed consent of the borrowers, to violate a system of property record-keeping that we?ve had going back centuries.?"

Full post as published by Mortgage Lender Implode-o-Meter on October 19, 2010 (boomark / email).

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