We know for a fact and the government knows for a fact that if MERS is on your documents, a cloud also exists.
Their “quick fix” might come as simple as accepting a modification, principal reduction or a refi, to cover this all up and creating new paper.
If any of your new docs have MERS or a like, what have you done again?
Statesman-
The ownership of tens of thousands of Central Texas home loans could be in question because of the actions of a national private registry that officials say has sidestepped the filing of proper documents with county clerks, the American-Statesman has learned.
The Mortgage Electronic Registration System was created in the 1990s by 3,000 of the nation’s largest lenders to “streamline the mortgage sale process by using e-commerce to replace paperwork,” according to the company’s website.
In recent years, the Virginia-based registry has exploded across the U.S. as mortgages increasingly were bundled and sold as commodities in rapid churn to investors.