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"What Is MERS and What Role Does It Have in the Foreclosure Mess?

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Last Edited: October 13, 2010, 4:32 pm

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A long well explained article which answers many questions.

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"What Is MERS and What Role Does It Have in the Foreclosure Mess?

Source Zero Hedge 
".....Diana Olick notes:
 
"........ Levitin says the documentation problems involved in the mortgage mess have the potential "to cloud title on not just foreclosed mortgages but on performing mortgages. ..."
 
"Indeed, as a prominent economist said recently: "At the root of the crisis we find the largest financial swindle in world history", where "counterfeit" mortgages were "laundered" by the banks.

MERS was a large part of that laundering process."
Entry #2,332

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