In MERS We Trust

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In MERS We Trust

In MERS We Trust

More like a large army that consist of over 20,000 robo-signers unfamiliar with what they are signing.

 

“For the first time in the nation’s history there is no longer an authoritative, public record of who owns land in each county.”

– Christopher L. Peterson, University of Utah College of Law


California Lawyer-

When you get your pocket picked by a real pro, sometimes all you can do is appreciate the artistry. Such, apparently, is the case with MERS, a national electronic database of home mortgages that effectively swiped millions of dollars from local governments just when they could have used the revenue most.

By now homeowners across the country are familiar with Mortgage Electronic Registration Systems Inc. (MERS) and MERSCORP Holdings Inc., its corporate shell based in Reston, Virginia. Launched in 1997 by the Mortgage Bankers Association, Fannie Mae, and Freddie Mac, MERS was created to bypass perceived logjams at county recording offices, speeding the flow of notes to Wall Street for bundling, securitizing, and sale to investors. The casino needed more chips.

[CALIFORNIA LAWYER]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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