The time is now 12:30 am

You last visited
May 3, 2024, 9:13 pm

All times shown are
Eastern Time (GMT-5:00)

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

Published: October 13, 2010, 4:31 pm

Updated: October 13, 2010, 4:32 pm

-

A long well explained article which answers many questions.

_________

"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."

http://www.zerohedge.com/article/what-mers-and-what-role-does-it-have-foreclosure-mess?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Entry #2,332

Comments

This Blog entry currently has no comments.

Post a Comment

Please Log In

To use this feature you must be logged into your Lottery Post account.

Not a member yet?

If you don't yet have a Lottery Post account, it's simple and free to create one! Just tap the Register button and after a quick process you'll be part of our lottery community.

Guest