Fannie Bars Foreclosure Actions in the Name of MERS

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Fannie Bars Foreclosure Actions in the Name of MERS - 4/7/2010 8:06:32 AM

pahunkboy

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http://www.dsnews.com/articles/fannie-bars-foreclosure-actions-in-name-of-mers-2010-04-01

In new policy guidelines released this week, Fannie Mae told servicers that they can no longer name MERS as the plaintiff in any foreclosure action, whether judicial or non-judicial, on a mortgage loan owned or securitized by the GSE/snip

This is a HUGE deal! Wow.

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RE: Fannie Bars Foreclosure Actions in the Name of MERS - 4/7/2010 8:27:20 AM

Termyn8or

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Of course it appears they might have done something for us. You don't mind if I remain skeptical.

T

(in reply to pahunkboy)

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RE: Fannie Bars Foreclosure Actions in the Name of MERS - 4/7/2010 8:30:24 AM

pahunkboy

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quote:

ORIGINAL: Termyn8or

Of course it appears they might have done something for us. You don't mind if I remain skeptical.

T

My thoughts are that the judges are getting pissed off over the whole MERS scam.
They had no choice but to back down.

Keep in mind a 2nd wave of foreclosures is upon us- including commercial.

Ild guess some here do not know what MERS is. Simply put- it is a way to bypass your house deed at your county court house- in the name of expediency. (which led to games with papers, liens and so forth)

(in reply to Termyn8or)

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RE: Fannie Bars Foreclosure Actions in the Name of MERS - 4/7/2010 8:30:50 AM

tazzygirl

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I would love to see Uncle Nasty's take on this.

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RE: Fannie Bars Foreclosure Actions in the Name of MERS - 4/7/2010 8:33:00 AM

Louve00

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Me too, Tazzy!!

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RE: Fannie Bars Foreclosure Actions in the Name of MERS - 4/7/2010 8:43:28 AM

pahunkboy

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http://en.wikipedia.org/wiki/MERS

(in reply to Louve00)

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