'MERS morass' is hanging up negotiations on foreclosure settlement

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‘MERS morass’ is hanging up negotiations on foreclosure settlement

‘MERS morass’ is hanging up negotiations on foreclosure settlement

MERS was “PLANNED OUT” and it’s now blowing up in their fraudster faces. It was created in order to hide the fraud they all conspired to keep private (members only) and from the public. This is a veil that needs a good piercing…if any judge would allow.

In re: Agard

“This court does not accept the argument that because MERS may be involved with 50 percent of all residential mortgages in the country, that is reason enough for this court to turn a blind eye to the fact that this process does not comply with the law.”

WAPO-

State and federal officials negotiating a settlement with the nation’s biggest banks over shoddy foreclosure practices are hung up on how they should deal with a Reston-based company that has acted as a proxy for financial firms throughout the country for more than a decade.

Some officials refer to the dilemma as the “MERS morass,” referring to Mortgage Electronic Registration Systems, whose vast but controversial registry contains roughly 65 million mortgages.

[WASHINGTON POST]

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