cmos: Is MERS attempting to put the genie back into the bottle with yesterdays Announcement?
- 02/17/11 04:30 AM
From The Hallmark Abstract Sentinel (http://hallmarkabstractllc.blogspot.com) MERS - The Mortgage Electronic Registration System issues an Announcement that appears to be an attempt to put the genie back into the bottle Summary: MERS has told its members not to foreclose in its name on home loans, effective immediately. As a recap for those not closely following the issues surrounding MERS and foreclosures, this is hopefully a clear summary of an extremely complicated situation: The MERS-Mortgage Foreclosure story In the old days a potential borrower would go to their local bank, apply for a mortgage, qualify for the … (1 comments)
The Hallmark Abstract Sentinel is written for the purpose of keeping our clients and subscribers current on any issues that may have the potential to impact the real estate, mortgage or title insurance markets.
Examples of these issues include the current foreclosure crisis and the potential that foreclosures already completed could be overturned due to a variety of legal issues.
From The Hallmark Abstract Sentinel (http://hallmarkabstractllc.blogspot.com) 
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