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Loan Modification

: Loan Modification & Home Loan News

Homeowners? Rebellion: Could 62 Million Homes Be Foreclosure-Proof?

By Moe Bedard

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Over 62 million mortgages are now held in the name of MERS, an electronic recording system devised by and for the convenience of the mortgage industry. A California bankruptcy court, following landmark cases in other jurisdictions, recently held that this electronic shortcut makes it impossible for banks to establish their ownership of property titles ? [...]

Full post as published by Loan Modification & Home Loan News on August 20, 2010 (boomark / email).

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