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Loan Modification

: Loan Modification & Home Loan News

Fight over who has legal right to foreclose makes mess worse

By Moe Bedard

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When Randy Persten’s mortgage was foreclosed in 2008, he looked at the paperwork and found a mystery. A company he’d never heard of ? called Mortgage Electronic Registration Systems, or MERS ? was bringing the foreclosure action against him. Something didn’t seem right. So he got a lawyer and fought the foreclosure, arguing that MERS [...]

Full post as published by Loan Modification & Home Loan News on October 11, 2010 (boomark / email).

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