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Does MERS have Standing?

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Icon Mini Profile vtskis





Joined: 10 Mar 2010

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Post Posted: Wed Mar 10, 2010 12:56 am    Post subject: Does MERS have Standing?
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I've heard that MERS can't deliver clear title and it stems from their difficulties they are having foreclosing. Do you know anything about that?
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

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Location: New Jersey
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Post Posted: Thu Mar 11, 2010 2:46 am    Post subject:
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Mortgage Electronic Registration System (MERS) is a process that simplifies the way in which mortgage ownership and servicing rights are originated, sold and tracked. It provides a central source of information and tracking for mortgage loans. As far as I know, MERS deals with lending and not property title.
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