Wednesday, February 22, 2012

U.S. Bankruptcy Court Rules MERS's Business Model Is Illegal

United States Bankruptcy Judge Robert Grossman has ruled that MERS's business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in this country. MERS is dead. The banks are in big trouble. And all foreclosures should be stopped immediately while the legislative branch comes up with a solution.

Read the whole story: CLICK HERE

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