If only someone with IT skills and I mean real IT skills was able to audit MERS, then you will be able to “follow the money”.
Abigail Field-
Fannie Mae has a lot of responsibility for our current foreclosure and mortgage crisis, although it has not been reported on much. That’s changing.
Last weekend, the Detroit Free Press reported that Fannie’s pushing foreclosures in violation of its own rules. In the Free Press article Fannie Mae, unsurprisingly, denies the charges. When I contacted Fannie Mae spokeswoman Amy Bonitatibus, she wouldn’t discuss the Free Press article on the record. However she was willing to confirm Fannie Mae’s well known role in launching MERS. And perhaps Fannie Mae’s most far-reaching foreclosure and mortgage mess impacts stem from MERS.
PONTIAC — A free service is now available to people wanting to protect themselves from mortgage document fraud.
The Oakland County Clerk’s Office has launched its Property Fraud Alert Service.
By signing up at the clerk’s office, people will be notified whenever there are documents filed with their names.
Clerk Bill Bullard said the service is an extension of the mortgage document fraud his office has uncovered and referred to local and state authorities for investigation.
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