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Tag Archives: MERS
It appears that there is no recession for government workers in Clark County. They’ve gotten raises; as much as 15% over the past three years. For example, county officials said members of the Service International Employees Union received average wage … Continue reading
No matter which side you are on, MERS remains a controversial issue. Many expect the problem to ultimately be decided in the courts. A New York appellate court ruled last week that a Reston-based company that electronically tracks and transfers … Continue reading
If you have been following the mortgage and foreclosure fiasco you are probably aware of the huge problem we are facing.To recap: The banks loaned money to people that had no hope of paying it back. Over and above the … Continue reading
MERS, The Mortgage Electronic Registration System issued a statement in response to a statement of enforcement from the Attorney General of the District of Columbia. Apparently MERS hadn’t been completely responsive to the borrowers needs and the AG took action. … Continue reading
The Washington Post reports on the MERS connection with the foreclosure crisis. http://www.washingtonpost.com/wp-dyn/content/article/2010/10/07/AR2010100702742.html For more see The Reno Real Estate Guide.
Apparently, anyone with a user ID and password could sign documents in the MERS system, whether they are authorized or not. MERS now wants people to undergo a certification process to be an authorized signing officer. Keep in mind that … Continue reading
In this Ohio Appeals Court case, the Court ruled that Bank of New York did not have standing when it began foreclosure proceedings. In Byrd, we held that “in a foreclosure action, a bank that was not the mortgagee when … Continue reading