How MERS Complicates Foreclosure For Home Owner
In all the years I have been performing title research and helping people find away what is going on
using their mortgage to allow them to avoid foreclosure, 1 name keeps popping up over and over.
That title...
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How MERS Complicates Foreclosure For Home Owner
In all the years I have been performing title research and helping people find away what is going on
using their mortgage to allow them to avoid foreclosure, 1 name keeps popping up over and over.
That title is MERS, short for the Mortgage digital Registration program.
What the corporation is as
well as what it does is a bit not clear , but many home owners have had the corporation attached to
their mortgage someplace along the line.
MERS capabilities as a clearinghouse and computer registry that was set up to track ownership
changes in home loans.
Originally, it had been designed to make the assignment as well as transfer
associated with ownership associated with mortgages simpler , especially in bulk transactions.
MERS
can be the assignee of record with areas , and any future exchanges are only tracked in the MERS
database.
However, homeowners who have a loan that is assigned in order to MERS will find it difficult to
determine wh
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