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Foreclosure Defense Florida

MERS in the News- Housing Predictor.Com

MERS-OrderForget all the fantasy coming from realtors and, check out a site with real analysis….HOUSING PREDICTOR.COM

An order from the nation’s electronic registration company that halts banks and mortgage servicing companies from foreclosing on homes in   MERS name may result in greater transparency for homeowners in foreclosure and could actually be of help to consumers.

” I think it’s a good step in the right direction,” said National Consumer Law Center attorney Geoff Walsh. The order by Mortgage Electronic Registration Systems (MERS) will eliminate the company’s name as the mortgagee, and replace it with the actual holder of the mortgage, providing those who are being foreclosed with the name of the bank or bank servicing company actually conducting the foreclosure.