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MarketTicker Forums Read Message in Foreclosuregate
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User Info No. There's No Life at MERS in forum [Foreclosuregate]
Rvacha
Posts: 8295
Incept: 2008-10-03
Gold
Cleveland
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http://stopforeclosurefraud.com/2010/09/....

Nice history of MERS as well as a summary of MERS-related court challenges

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"I suggest you panic." - Hugh Hendry
Zarathustra
Posts: 5945
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Funkytown
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It all comes back to MERS...again

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"And in knowing that you know nothing, that makes you the smartest of all." - Socrates
Scrood
Posts: 4097
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There's Gold in Them Thar Hills!
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M(F)ERS

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Fatso
Posts: 3239
Incept: 2008-02-03
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Mars Hotel
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http://stopforeclosurefraud.com/2010/09/....
Excerpt:
Quote:
In or around the summer of 1997, MERSCORP President and CEO R.K. Arnold wrote, “Yes, There is life on MERS” Mr. Arnold stated, “Some county recorders have expressed concerns that MERS will eliminate their offices nationwide or destroy the public land records by breaking the chain of title. As implemented, MERS will not create a break in the chain of title, and, because MERS is premised on an assignment recorded in the public land records, MERS cannot work without county recorders.”
...
“We’re not this big bad animal,” Mr. Arnold said. “This crisis that we’ve had in the mortgage business would have been a lot worse without MERS.”

Unfortunately, even a simple search in the Florida Land Records proves the opposite to be the case. Researchers have easily found affidavits of lost assignments actually stating, “the said mortgage was assigned to Mortgage Electronic Registration Systems, Inc., from “XXXXXXX”, the original of the said assignment to Mortgage Electronic Registration Systems, Inc., was lost, misplaced or destroyed before same could be placed of record with the Florida Land Records County Clerk’s office; That, “XXXXXXX”, it’s successors and/or assignee is no longer in business/or do not respond to our request for a duplicate assignment, and therefore, a duplicate original of said assignment cannot be obtained.”
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