Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us
I apologize for what is surely a stupid question, but...

Are there any cases or examples where MERS has replaced the role of the trustee in the deed of trust and sold a property at trustee's sale?

Quote 0 0
Clouded Titles

While I am not aware of such a case, there is a recorded appointment of substitute trustee wherein the trustee is referred to as a "Trustee for MERS". I find this a bit disconcerting because MERS cannot be a Trustee in a deed of trust state because the Security Instrument itself does not designate such an authority to MERS.  If MERS is an agent for the Lender then it would be logically impossible for them to be a trustee wherein it would pose a conflict of interest.

Quote 0 0
Write a reply...