Thanks, but I’m not understanding what you are saying.
It’s there: Servicer: Chase Home Mortgage, Investor: Fannie Mae
So it’s a bad thing that I found it in MERS???? Why wouldn’t all good mortgages be found there as well?
This was a brand new mortgage created in 2000 as we built our own home on land we owned (no mortgage on land). As I said, Wachovia did it, sold it to Chase in ‘02, we re-fied with Chase in ‘05 and ‘10........
Seems like it would be pretty clear unless Chase bundled it in one of those security packages.......
MERS covers the mortgages. i.e what the banks say is owed to whom.
However, it doesn’t cover whether titles were properly conveyed. Since MERS was primarily created to get around pesky state filing and recording requirements there is a greater than zero chance that _any_ mortgage using it has some break in the chain of ownership as required by localities. Dig deeper - the people to whom you are paying money every month may have no legal claim to the property that “secures” the debt.