Thread: Homeowners’ Rebellion: Could 62 Million Homes Be Foreclosure-Proof

Excert:

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 makes it impossible for banks to establish their ownership of property titles — and therefore to foreclose on mortgaged properties. The logical result could be 62 million homes that are foreclosure-proof.

http://seekingalpha.com/article/2213...eclosure-proof

Bankster crime wave built around MERS....