Pages

Thursday, August 19, 2010

Axing the Bankers’ Money Tree: Homeowners' Rebellion against Wall Street


Over 62 million mortgages are now held in the name of MERS, an electronic recording system devised by and for the convenience of the mortgage industry. A California bankruptcy court, following landmark cases in other jurisdictions, recently held that this electronic shortcut breaks the chain of title, voiding foreclosure. The logical result could be 62 million homes that are foreclosure-proof.'

Read more...

No comments:

Post a Comment

Thanks for your comment it is much appreciated.