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| October 26, 2009 Permalink MERS Losing! Stop Your Foreclosure, Share with Others Quicklink submitted by Better World Order (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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In court cases in KS, OH, NY, NV and MA human beings are saving their homes from foreclosure by demanding that banks produce the Note. Judges in some of these cases have ruled that MERS (Mortgage Electronic Registration System) which has acted as a 'straw man' to simply the process of selling Notes on the Secondary Market, has no standing to foreclose- potentially 60 million mortgages are affected. |
Read the rest of the story HERE:
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Tags for This Quicklink: Internet (1560) Banks (1228) Mortgage Crisis (398) Meltdown (313) Foreclosures (277) Subprime Mortgages (161) Financial Meltdown (146) Real Estate Mortgages (139) Foreclosure (55) Mortgage Restructuring (30) Foreclosure Prevention Act (28) INTEREST ONLY NO PRINCIPAL MORTGAGES (18) Shareholder Activism (15) |
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