Important update: The court case referenced in the article is Bank of New York, etc., respondent, v Stephen Silverberg, et al., appellants, et al., defendants. (Index No. 17464-08), 2010-00131, SUPREME COURT OF NEW YORK, APPELLATE DIVISION, SECOND DEPARTMENT, 2011 NY Slip Op 5002; 2011 N.Y. App. Div. LEXIS 4899, June 7, 2011, Decided. MERS : […]
The foreclosure crisis, MERS, issues of standing, robo-signing, fraudulent notarizations and more! @font-face { font-family: “Cambria”; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 10pt; font-size: 12pt; font-family: “Times New Roman”; }div.Section1 { page: Section1; } This Sunday on “60 Minutes“ Foreclosures As more and more Americans face mortgage foreclosure, banks’ crucial ownership documents for the […]
If you have heard anything about the foreclosure crisis, you’ve heard about MERS! This video discusses some of the background of MERS, the Mortgage Electronic Registration System. With over one half of the nations mortgages “held” in its database, MERS is at the center of the controversy surrounding foreclosures. http://media.nbcnewyork.com/designvideo/embeddedPlayer.swf
SERS not MERS! If you have been a reader of The Hallmark Abstract Sentinel then by now you are aware of MERS and the controversy that surrounds it. The Mortgage Electronic Recording System has been at the heart of questionable foreclosures due to standing issues, as well as for having aided in the avoidance of […]
MERS (Mortgage Electronic Registration System) and the avoidance of mortgage recording fees Currently MERS is dealing with a storm in the foreclosure arena over whether or not a lender was legally able to foreclose on a mortgage in MERS name. This has led the firm to issue an announcement instructing all of its members to […]
MERS – The Mortgage Electronic Registration System issues an Announcement that appears to be an attempt to put the genie back into the bottle Summary: MERS has told its members not to foreclose in its name on home loans, effective immediately. As a recap for those not closely following the issues surrounding MERS and foreclosures, […]
