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Real Estate & Property Law

: The Home Equity Theft Reporter

MERS: "A Corporate Cloak" To Obscure Identity Of Predatory Lenders, Cushioning Them From Fallout From Their Reckless Practices?

By r morris

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The New York Times reports:[A]lthough the average person has never heard of it, MERS ? short for Mortgage Electronic Registration Systems ? holds 60 million mortgages on American homes, through a legal maneuver that has saved banks more than $1 billion over the last decade but made life maddeningly difficult for some troubled homeowners. Created by lenders seeking to save millions of dollars on

Full post as published by The Home Equity Theft Reporter on April 27, 2009 (boomark / email).

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