Here’s exactly where the issue always was, Counties are being cheated from their cut and in return schools, government agencies and tax payers suffer. This was nothing more than a wall street “self stimulus”, “bailout” from the get go.
What Universal Law exist permitting MERS? A self made Wall Street Law.
Besides this all, MERS can’t even keep track of who owns what. MERS is not a nominee and not a beneficiary because it never loaned One Cent.
KTSM-
EL PASO – Between record home foreclosures and devastating budget cuts, El Paso County has seen a rough couple of years recently. We usually think of these crises as separate, but some argue there’s a common link between these challenges, that lies with a company known as Mortgage Electronic Registration Systems, or MERS.
El Paso County is in a foreclosure crisis. According to the real estate information company, CoreLogic, more than 5,000 homes have gone into foreclosure since the recession began in late 2007.
Attorney Richard Roman has represented dozens of homeowners in foreclosure cases; he argues the real problem is MERS (Mortgage Electronic Registration Systems).
[KTSM]
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