What is MERS and what is its role in foreclosures?

An excellent overview of the problem from a local perspective:

Glenn Russell Jr.

As probably the only attorney in Massachusetts that has specifically limited my practice to the defense of mortgage foreclosure over the past 7 years, I frequently encounter this very familiar question, “So what is this MERS who owned my mortgage, and now sold my mortgage to some bank or trust that is now seeking to foreclose on me?” A very tricky, and complicated, question indeed.

Once upon a time, all “lenders” (usually banks) granted loans (mortgages) to their customers, based (and limited to) a percentage on monies that this particular bank had on deposit. The “bank” also had a …

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