MERS: Myths, Misconceptions, and Realities

re: MERS: Myths, Misconceptions, and Realities

Deadly Clear — Sun, 30 Dec 2012 21:45:30 GMT

The myth is that MERS could hold anything at all. It is merely an acronym in the mortgages. It is a shell, a straw man with no assets or employees. See: http://deadlyclear.wordpress.com/2012/08/16/mers-is-not-a-holder-under-the-plain-language-of-the-statute-says-the-supreme-court-of-the-state-of-washington/ Midway into the post see WHO IS MERS. Most people do not realize that there were 3 separate entities with the same name. "Bottom-line, it appears that there were 3 Mortgage Electronic Registration Systems, Inc. companies, 2 companies were absorbed by MERSCORP, Inc., and then the 3rd with the acronym “MERS” found in the mortgages which is the “strawman/trade name Mortgage Electronic Registration Systems, Inc.” (no employees or software systems, basically a shell) – it is not MERSCORP, Inc.’s MERS® (the “system”)." The documents are easily accessed on the www.doctelportal.com website in the LIBRARY section.

re: MERS: Myths, Misconceptions, and Realities

Graham Smart — Sun, 20 Mar 2011 08:36:37 GMT

If MERS is such a golden child why is there no repository in Plano Tx to hold all the original notes? Who authorized Countrywide et al to shred the original notes and loan docs after they had been digitally scanned into MERS? Why have 3 states judicial systems ruled that the MERS business model is illegal? (Kansas, New York, Ohio). How come local county assessors are out approx $2.3BN in fees since '97 as deeds were sprayed around with no local recording of ownership? How is a mortgage borrower in signing a loan document meant to create an agency agreement between the lender and MERS (making it the mortgagee of record when there is no signature from the lender and a representative of MERS even one of the 22000 VPs from the industry) is totally meaningless and gives MERS no authority to assign the title. Stand by for the faeces to connect with fast rotating blades. Banks have enjoyed a 30 month holiday from real scrutiny in which they have played fast and loose with a poorly educated consumer class with little judicial and zero government protection - this is all about to change. When 66 million homeowners discover they may not be able to get a clear title to sell their home even pols traditionally deep in the pockets of the industry will have to sit up and take notice because despite the Supreme Courts decision on free speech banks do not yet have a vote. But the homeless do.

re: MERS: Myths, Misconceptions, and Realities

Bill — Sun, 03 Oct 2010 11:14:24 GMT

Don't you have to own the note to have legal standing? The mortgage is a lien against property to secure the debt. It is not the debt itself. Didn't the Kansas Supreme Court rule that MERS had no ownership interest in the property and therefore, had no legal interest in the court proceedings?

re: MERS: Myths, Misconceptions, and Realities

Truth — Fri, 13 Aug 2010 01:03:11 GMT

I think you're proving the point that this post is trying to make which is that MERS is a convenient and misunderstood scapegoat. They are not the "Illuminati" setup by some secret society of investment banks. The fact is that MERS is no more copable for the things you state then a computer or FedEx. Go sell crazy somewhere else. We're all full up here.

re: MERS: Myths, Misconceptions, and Realities

Mon, 26 Jul 2010 00:46:45 GMT

Mostly a factual article. There were several threads which trailed off and when one understands where they trail off to, one realizes MERS is totally corrupt. Good for you that you agree there are cases where homeowners are able to shine a light on what MERS is and are winning. Let me ask you a question. If MERS is keeping track of changes in benefical ownership, why won't they divulge that information in discovery? You would think with the amount of money involved they would be Johnny on the Spot ... but so far, to my knowledge, they have never gone to discovery. That is where they collapse. To follow the other side, go to www.chinkinthearmor.net You might enjoy the blog. It gives quite the different viewpoint.