MERS information - from 8/3/09 meeting
Property sits in limbo, abandoned with no maintenance or security for 4-12 months until the current beneficiary of the Deed of Trust realizes their own the asset.
* New lender/investor should record their interest with the county or M.E.R.S.
For more information on the MERS (Mortgage Electronic Registration System) go to the following link www.mersinc.org or go directly to the servicer identification page at https://www.mers-servicerid.org/sis/
Posted
by
jcoats on 08/04/2009