NY's Schneiderman sues banks in foreclosure effort

[YvonneCa]

5. Thank you for the thoughtful...

...response. I didn't know that they were involved in forming MERS, but that makes sense to me. I once...many years ago...worked in a 'low level' tiltle job and learned just enough to think they had to have some liability in all this. After all, they insure that grantors actually own the property in an owner's policy, and they insure that the lender holds the note in a lenders policy. That's why people pay for those policies in the first place.

The creation of a system like MERS complicates their role considerably. And I imagine that different states have different laws and rules related to TD assignments and real estate sale/loans.

What a mess!