MERS – The Legal Challenges Mount

The NY Times has an interesting article on MERS – the company that owns 60 million loans in the nation but no one seems to know. Here is the article.

Last month US Bankruptcy Judge Grossman on Long Island questioned the legal claim of MERS. Here is a Wall St Journal article discussing this.

Here is another article on the growing MERS litigation throughout the country.

If you have a loan that has been handled by MERS, you may be a victim of their practices and may have a legal right to challenge what MERS or the nominal lender is doing. There is currently at least one class action filed in New York concerning this and whether MERS lacked standing to foreclose certain loans. Call or email us if you would like my advice.