Banks, Collectors, and CRAs Discuss the elimationa of secured and unsecured "debt", as well as tactics for dealing with debt collectors and credit reporting agencies.


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  #1  
Old 11-02-2004, 06:39 PM
Ilima
 
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MERS Continuation

Sorry I am starting a new thread re the MERS thing but for some reason I can not post a reply on the same thread. However, I did think that these links might help people wanting to know some info on MERS.

http://www.monroetitle.com/title_news.asp?feed=jun02

http://www.courts.state.ny.us/report...2004_51135.htm

http://imis.usfn.org/Resources/ArticleLibrary/928.aspx

http://www.safeharbor-title.com/Mers.htm

The MERS v Burek case is the most interesting; however the case that started this is the Merscorp v. Romaine.



Another thing to note is that MERS only records, or is able to record legally, the transfer of servicing rights. But there are cases against servicers filing proof of claims with the bankruptcy courts where they are deemed as "unauthorized practice of law" and their counsels are facilitating the "unauthorized practice of law".

In re O'Dell [251 B.R. 602]

In re Morgan [225 B.R. 290]

dirt.umkc.edu/DD6-25-03.htm



Just some food for thought.

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Old 11-02-2004, 07:15 PM
kgod999
 
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MERS Continuation

maybe mers is in place because britian is getting ready to foreclose on all their properties? funny how everybody i know who has a mortgage has mers in their mortgage now.
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  #3  
Old 11-11-2004, 06:04 PM
Ilima
 
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Lightbulb MERS Stuff

Thought you all might get a Kick out of these postings on MERS' website forum. The lady on these postings kicks butt.
http://www.mersinc.org/forum/viewrep...x?id=13&tid=93
http://www.mersinc.org/forum/viewrep...x?id=13&tid=99
http://www.mersinc.org/forum/viewrep...x?id=13&tid=93
http://www.mersinc.org/forum/viewrep...?id=13&tid=100

And how about some of their responses on other threads.
#1
"The MERS Corporate Resolution that was given to your company appoints employees of your company as vice presidents and assistants secretaries of Mortgage Electronic Registration Systems, Inc."
#2
If the release gets rejected, then please file it in a safe place so that when we have resolved this issue, the releases can be re-submitted.
#3
While there might be other challenges out there, we currently do not see a viable challenge to MERS standing as long as the foreclosure pleading is worded properly as to MERS role and interest in bringing the foreclosure suit.
#4
We will contact you offline to get the specific facts surrounding this foreclosure so that we can look into this.
#5
The title company now refuses to release the title policy because the release was filed with for our company and the assignment is to MERS. Would you please give me any insight as to what the procedure should have been so that the title company would release the policy?

Sounds like RICO violations to me. What do you all think?
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