[bruinbirdman]

"MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. "

It appears that MERS is an electronic county courthouse for the entire country, supposedly. Sans filing fee.

Can the county courthouse foreclose on a delinquent borrower? Hardly. It is just a data center.

I read the

TWO FACES: DEMYSTIFYING THE MORTGAGE ELECTRONIC REGISTRATION SYSTEM’S LAND TITLE THEORY (pdf) One click download, fascinating. Thanx for the source.

yitbos

[meadsjn]

Thanks for this link, y'all. However tedious the reading, I hope many, many people will make the effort.

TWO FACES: DEMYSTIFYING THE MORTGAGE ELECTRONIC REGISTRATION SYSTEM’S LAND TITLE THEORY (pdf)
One click download, fascinating.