Search for: "Mortgage Electronic System (MERS)" Results 141 - 160 of 245
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25 Jul 2011, 2:18 pm by Donald Pinto
The Boston Herald's Jerry Kronenberg reports that Massachusetts Attorney General Martha Coakley has opened an investigation into "creditor misconduct in connection with unlawful foreclosures," with a particular focus on Mortgage Electronic Registration Systems, Inc. [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 by doug
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]
5 Jul 2011, 10:53 pm
The Supreme Court ruled that MERS, the Mortgage Electronic Registration System, can foreclose on a Deed of Trust. [read post]
5 Jul 2011, 6:54 am by Nicole Kellner-Swick
Concerns that documents accompanying judicial foreclosures may have been inappropriately signed or notarized, as well as ongoing judicial debate regarding the role of the Mortgage Electronic Registration System (MERS), have dominated news coverage. [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]
24 Jun 2011, 8:39 am by Donald Pinto
Elliot Saffran, involves a mortgage granted to Mortgage Electronic Registration Systems, Inc. [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, 4:14 pm
Mortgage Electronic Registration Systems (MERS), the original beneficiary under the deed of trust, assigned its interest in the property to Avelo. [read post]
16 Jun 2011, 6:38 am
Our San Bernardino County foreclosure defense lawyers have written in the past about the Mortgage Electronic Registration System, the corporation that banks created to end-run around the need to register deeds with local land offices. [read post]
14 Jun 2011, 7:17 am by Richard Alderman
 "Mortgage lenders and other entities, known as MERS  members, subscribe to the MERS system  and pay annual fees for the electronic processing and tracking of ownership and transfers of  mortgages. [read post]
13 Jun 2011, 5:10 pm by Peter Moulinos
The Appellate Division, Second Department, ruled that a note or mortgage held by MERS (Mortgage Electronic Registration Systems) cannot be foreclosed if the primary lender did not transfer the note and mortgage to MERS. [read post]
13 Jun 2011, 9:38 am by Richard Montes
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, and the… [read post]
6 Jun 2011, 10:56 am
In Ferguson, the plaintiffs attempted to avoid the tender rule by arguing it did not apply because neither the company that foreclosed, Avelo Mortgage, nor its predecessor, Mortgage Electronic Registration Systems (MERS), owned the original note for the property. [read post]