MERS foreclosure fraud

[samiam]

For you lawyer out there see if you can make sense of this it sounds like some kind of sham company that was set up during the times of easy loans to broker the loans quicker and easier but it looks like its going to bite the mortgage company's in the ass because they cant find out who own the loans.




http://mattweidnerlaw.com/blog/2010/02/mers-role-in-massive-foreclosure-fraud-nationwide-a-peek-behind-their-shady-curtain/

http://www.articlealley.com/article_1053807_19.html

[samiam]

stephendare did you already post something on this

[samiam]

A friend of mine was talking to me about this today. I had to go home an do some research on it. It looks like to me that once the judges learn the laws about this MERS they will not have a leg to stand on when it comes to filing for forecloser on homeowners. It seems that most loans granted in the last 10 years are connected to MERS.