A Pennsylvania federal judge Tuesday granted class certification to deed recorders in Pennsylvania who allege Mortgage Electronic Registration Systems Inc. violated state law by failing to properly record mortgage assignments and pay recording fees. This means Pennsylvania may proceed with a class action against the MERS Blur Gang. Continue reading
Tag Archives: eRegistry
Every State Should – AUDIT LAND RECORDS
By Sydney Sullivan
“[L]and records across the country have been polluted, diluted, laundered and rendered useless by MERS (the Mortgage Electronic Registration System), and Landtegrity.com has posted a petition demanding answers from the White House,” wrote Richard Zombeck, in the Huffington Post April 2103.
No answers have been received. Now is time to prepare for the 2014 elections and get the point across. We need to unite and visibly display our discontent for the damage done to our property records. Let’s put a bumper sticker on every car!
Order your bumper sticker now so that every politician can clearly see the #1 agenda on the minds of every homeowner in America is to clean up the land records. Continue reading
THE HISTORY AND DEATH OF MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. ACCORDING TO THE USPTO
For nearly 20 years, in particular, the last 10 years, the courts, foreclosure defense attorneys, homeowners and politicians have been bamboozled by the blur and use of “MERS” – the service mark for the MERS® eRegistry system owned and operated now by MERSCORP Holdings, Inc.
“MERS” first became the acronym, an abbreviation for the first Mortgage Electronic Registration Systems, Inc., in 1995. This corporation was registered in Delaware on October 16, 1995. In 1997 Mortgage Electronic Registration Systems, Inc. registered “MERS” as the service mark with the United States Patent and Trademark Office (USPTO) for its mortgage loan eRegistry system. This original MERS corporation has long since been eaten up by other entities created by its executives and board of directors to replace it over the past 18 years. Bottom-line: The original Mortgage Electronic Registration Systems, Inc. is dead and it died in 1998… RIP
MERS – TOO MANY DEAD DUCKS
While fishing for bank-related patents this gem surfaced and jumped into the net. At first it wasn’t apparent it was a keeper because the UETA issue has not been in the forefront of foreclosure defense. However, taking the time to dissect the document it became apparent that, as some of us have suspected, there is a mandatory methodology from the origination of the mortgage loan on a trip to the securitized trust that includes the EXPLICIT CONSENT of the obligor (homeowner).
Yup… It appears the road to securitization needs an electronic record that the “issuer” aka the “obligor” has explicitly consented to at the time of origination. Yeah, ya think maybe that was the real intention of MERS aka Mortgage Electronic Registration Systems, Inc.? But it looks like it didn’t have all its ducks in a row. This is a lot to digest – but you need to know and understand this information in order to plead your case correctly before the courts. Continue reading