Tuesday, January 25, 2011

Improper Recording Procedures by MERS - Cause For Free Homes For Borrowers

Rumormill News 

Improper Recording Procedures by MERS - Cause For Free Homes For Borrowers
Posted By: pax
Date: Tuesday, 25-Jan-2011 10:34:37
New financial and legal questions arise as a result of the award of a title free of liens in Utah due to MERS, the property-records database system created by mortgage bankers.
This records database fails to define who the mortgagee actually is.
It is speculated that the MERS records system has been used for about 60% of the mortgages in America for the past 10 years or so.
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From DinSFLA on You Tube at http://www.youtube.com/watch?v=8VpCUfC9k6M&feature=player_embedded

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