Monday, October 5, 2009

MERS: Who Holds Your Mortgage?

If you're having problems with handling your mortgage, or know someone who is in this boat with millions of other Americans, you should read this article.

You MAY just be able to give all the criminals trying to steal your home the finger.

"MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership." - Rolling Stone Magazine

The Kansas Supreme Court has ruled that this company has no legal standing or right to begin an action for foreclosure.

Rolling Stone: Waking up to discover the mortgage market was a giant criminal enterprise

1 comment:

Ken said...

...sorta like the folks that are biding extra time by shouting "show me the paperwork"
...what 'the public' don't know,makes them 'the public'...