Search for: "Mortgage Electronic Recording Systems (MERS)"
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1 Aug 2011, 3:13 pm
The registration requirements of this section may be satisfied by providing the information required above to the Mortgage Electronic Registration System (MERS). [read post]
29 Jul 2011, 5:23 pm
Funded by the mortgage banking industry along with the GSEs, Fannie and Freddie, MERS is a company with few employees established to allow mortgages to be registered centrally without recording at county recording offices, as had always been required. [read post]
28 Jul 2011, 9:03 am
The Boston Globe recently reported that Massachusetts Attorney General Martha Coakley is not backing off her invetigation into the practices of the Mortgage Electronic Registration System known as MERS. [read post]
25 Jul 2011, 4:56 pm
Instead of having a clear chain of title from owner to owner to owner, the necessary written documents (assignments of mortgage) were replaced with an electronic system under the control of the very banking system that would profit from avoiding written conveyances. [read post]
24 Jul 2011, 2:38 pm
They “executed a Deed of Trust in favor of CTX MORTGAGE COMPANY, LLC, which is the company that held the mortgage on this home, which Deed of Trust was recorded” on or about November 28, 2007. [read post]
15 Jul 2011, 8:03 am
Some judges have ruled against banks because they couldn't prove who owned the house after problems with the Mortgage Electronic Recording System, or MERS. [read post]
11 Jul 2011, 12:34 pm
Just in case you are not obsessed with the lingo of real-estate banking, MERS stands for Mortgage Electronic Registration Systems, Inc., a corporation whose sole business is filing mortgage documents at county registry of deeds nationwide. [read post]
10 Jul 2011, 9:57 am
Legal analysts say the way that Mortgage Electronic Registration Systems handles mortgage assignments during securitizations should change, but that doesn't mean that the system will be dismantled, housingwire.com reports. [read post]
28 Jun 2011, 1:22 pm
At issue in the New York case was a problem with MERS, the Mortgage Electronic Recording System created in 1993 by the residential mortgage industry to track sales of homes. [read post]
24 Jun 2011, 10:31 am
As Miami Foreclosure Lawyer Blog has previously pointed out, MERS -- Mortgage Electronic Recording System -- is a flawed system devised by the residential mortgage industry to track purchases and sales of homes. [read post]
17 Jun 2011, 12:02 pm
In 1993, frustrated by the time and cost involved in complying with state laws regarding the recording of mortgage assignments, the residential mortgage industry created MERS -- Mortgage Electronic Recording System. [read post]
16 Jun 2011, 2:26 pm
Enter Mortgage Electronic Registration Systems, Inc. or "MERS" as it is more commonly known. [read post]
14 Jun 2011, 7:17 am
" MERS's implementation followed the delays occasioned by local recording offices, which were at times slow in recording instruments because of complex local regulations and database systems that had become voluminous and increasingly difficult to search (see Peterson, Foreclosure, Subprime Mortgage Lending, and the Mortgage Electronic Registration System,78 U. [read post]
13 Jun 2011, 9:38 am
MERS was intended to 'streamline the mortgage process by using electronic commerce to eliminate paper.' MERS's implementation followed the delays occasioned by local recording offices, which were at times slow in recording instruments because of complex local regulations and database systems that had become voluminous and increasingly difficult to search (see Peterson, Foreclosure, Subprime Mortgage Lending,… [read post]
8 Jun 2011, 4:50 pm
Unfortunately, that is how fooked the system is. [read post]
5 May 2011, 8:16 pm
The propriety of the banks action A recent California bankruptcy court decision may invalidate the Mortgage Electronic Registration Systems (MERS) process in nonjudicial states. [read post]
27 Apr 2011, 6:30 am
A recent Monitor article highlighted the massive legal problems created by banks’ use of MERS, the Mortgage Electronic Registration Systems. [read post]
25 Apr 2011, 7:07 am
Our Moreno Valley foreclosure defense attorneys have written here before about the Mortgage Electronic Registration Systems, the huge national database that large banks have created to keep track of loan ownership among themselves. [read post]
23 Apr 2011, 6:19 am
MERS is a private mortgage registry database that has essentially replaced our nation’s tradition of publicly stored land ownership records. [read post]
22 Apr 2011, 1:40 pm
Saurman, the Michigan Court of Appeals held, in an opinion authored by Judge Shapiro, that Mortgage Electronic Registration System (MERS) did not have authority under MCL 600.3204(1)(d) to foreclose by advertisement because it did not own an interest in the indebtedness secured by the mortgage. [read post]
