Search for: "Mortgage Electronic System (MERS)"
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2 Mar 2011, 5:15 am
A funny proposal about instituting a MERS like system to replace the traditional marriage recording system has been floating around recently and it shows just how arbitrary, ineffective and useless MERS actually is. [read post]
2 Mar 2011, 4:13 am
NY Bankruptcy Judge Rules That Mortgage Electronic Registration Systems (MERS) Lacks Right To Assign Mortgages$8,000 Home Buyer Tax Deadline Expires Today: You Need A “Binding Contract”The Massachusetts Offer To Purchase Real Estate: A Binding Contract [read post]
1 Mar 2011, 8:00 am
Massachusetts homeowners, banks, and real estate practitioners will be well-served to note a recent bankruptcy court decision holding that the Mortgage Electronic Registration System (MERS) does not have the right to assign mortgages under New York law. [read post]
24 Feb 2011, 8:37 pm
MERS, in case you’ve been incarcerated in a Turkish prison over this past year, is an industry-owned organization that maintains a database containing more than 50% of all mortgages, that claims to be able to represent the trustees that conduct foreclosure auctions on behalf of lenders. [read post]
22 Feb 2011, 11:32 am
Many home lenders use an entity called Mortgage Electronic Registration Systems, Inc., or “MERS” as a nominal party in loan transactions to facilitate an electronic central registry of note holders and servicers. [read post]
17 Feb 2011, 5:38 am
As the Wall Street Journal reported Feb. 14, a federal bankruptcy court judge in New York has ruled that the Mortgage Electronic Registration Systems, the huge electronic mortgage database company created by a group of major lenders, has no right to transfer mortgages under New York law. [read post]
15 Feb 2011, 6:15 pm
Below is an article about the highly-controversial MERS — the Mortgage Electronic Registration System — which has been negatively featured in national news over the past year for contributing to the foreclosure woes of millions. [read post]
15 Feb 2011, 4:24 pm
MERS, which stands for Mortgage Electronic Registration Systems, tracks more than 60 million mortgages, and has filed thousands of foreclosure actions on behalf of lenders. [read post]
15 Feb 2011, 12:57 pm
The case is In Re Agard (click here to download), and essentially throws a huge monkey wrench into a hugely important cog of the entire U.S. mortgage market, the Mortgage Electronic Registration System, Inc. known as MERS. [read post]
14 Feb 2011, 7:07 am
Bank holds in the underlying mortgage was received by way of an assignment from the Mortgage Electronic Registration System a/k/a MERS, as a “nominee” for the original lender. [read post]
2 Feb 2011, 4:20 am
NY Bankruptcy Judge Rules That Mortgage Electronic Registration Systems (MERS) Lacks Right To Assign MortgagesDealing With The Mess U.S. [read post]
29 Jan 2011, 5:30 am
The elderly woman was tricked into signing loan documents obligating her to hundreds of thousands of dollars of payments with several banks, including GMAC Mortgage, Deutsche Bank National Trust Co. and Mortgage Electronic Registration Systems or MERS. [read post]
26 Jan 2011, 5:00 am
While this would make it much easier for homeowners to find out who owns their debt, it runs counter to the current system used by many lenders who employ Mortgage Electronic Registration Systems or MERS database to record these transfers. [read post]
18 Jan 2011, 10:14 am
NY Bankruptcy Judge Rules That Mortgage Electronic Registration Systems (MERS) Lacks Right To Assign Mortgages [read post]
6 Jan 2011, 7:57 am
Today the Virginia-based Mortgage Electronic Registration Systems (MERS) has more than 67 million electronic mortgages on file. [read post]
24 Dec 2010, 10:16 am
Mortgage Electronic Registration Systems, Inc. [read post]
21 Dec 2010, 1:33 pm
But the odds are pretty good that MERS, the Mortgage Electronic Registration Systems, is the record owner of the mortgage on your house. [read post]
20 Dec 2010, 11:07 am
In a lien theory state, such as Nevada, there is no system to police the servicer banks. [read post]
30 Nov 2010, 4:19 pm
Recently, we at Traywick Law Offices have noted an increase in the number of foreclosure law firms that are adding in MERS, Mortgage Electronic Registration System, Inc., as defendants in foreclosure filings. [read post]
30 Nov 2010, 4:19 pm
Recently, we at Traywick Law Offices have noted an increase in the number of foreclosure law firms that are adding in MERS, Mortgage Electronic Registration System, Inc., as defendants in foreclosure filings. [read post]
