see FORECLOSURE_SUBPRIME_MORTGAGE_LENDING_AND_MERS1
Editor’s Note: This appears to be public domain. The article is excellent in its analysis of MERS. Here is the Table of Contents:
FORECLOSURE, SUBPRIME MORTGAGE LENDING, AND THE MORTGAGE ELECTRONIC REGISTRATION SYSTEM
Christopher L. Peterson*
TABLE OF CONTENTS
I.
THE AMERICAN REAL PROPERTY RECORDING SYSTEM
II.
THE ORIGIN AND OPERATION OF MERS
III.
THE QUESTIONABLE LEGAL FOUNDATION OF MERS
A.
MERS Does Not Own Legal Title to Mortgages Registered On Its Database
B.
MERS Lacks Standing to Bring Mortgage Foreclosures
C.
MERS’ Foreclosure Efforts Implicate the Federal Fair Debt Collection Practices Act
i.
MERS is a Third Party Debt Collector
ii.
Mortgage Servicers that Cloak Themselves in MERS’ Name Should be Construed as Debt Collectors
D.
Loans Recorded in MERS’ Name May Lack Priority Against Subsequent Purchasers for Value and Bankruptcy Trustees
IV.
ANALYZING MERS’ ROLE IN THE RESIDENTIAL MORTGAGE MARKET
A.
MERS and the Mortgage Foreclosure Crisis
B.
MERS and Atrophy of the Land Title Information Infrastructure
C.
Title Recording Law and Democratic Governance
Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: Debt Collection, FDCPA, Federal fair Debt Collection Practices Act, MERS, mortgage market, recording, standing, title |
DALLAS COUNTY CLERK “GET’S IT”!!!
http://www.dallascounty.org/department/countyclerk/cclerk_index.html
Property Fraud Alert
Be Informed…Be Alert…Be Notified
According to the FBI, Property and Mortgage Fraud is the fastest growing white-collar crime. It can be as simple as someone recording a fraudulent document in the County land Records office making it look like they now own your home or property.
To address these concerns, John Warren, Dallas County Clerk has joined with Fidlar Technologies to create a service that will help you combat the effects of Land fraud and other similar fraudulent activities.
YOU GO MR. WARREN!!!!