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Real Estate & Property Law

: The Home Equity Theft Reporter

Long Island Bankruptcy Judge Gives MERS A Hammering In Ruling Explaining That It Lacks Standing To Foreclose

By r morris

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In Central Islip, New York, The Wall Street Journal reports:A federal bankruptcy court judge issued an opinion on Thursday offering a scathing critique of the Mortgage Electronic Registration Systems, or MERS, the electronic-lien registry system built by the housing-finance industry to facilitate the bundling and selling of pools of mortgages.The decision by U.S. Bankruptcy Judge Robert E.

Full post as published by The Home Equity Theft Reporter on February 15, 2011 (boomark / email).

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