fannie mae: MERS - the forthcoming "foreclosure crisis" - 10/25/10 11:12 AM
...and here's our next problem in the real estate and mortgage industry. MERS. Read on for an outline of a presentation I recently concluded introducing real estate agents to the concept of yet another mortgage securities fraud scheme.
1. New Crisis Overviewa. Lenders have frozen foreclosures due to allegations of improper documentation and review of files b. Main problems i. Robo-signers ii. Missing documentation iii. Failure to properly review documents 2. An introduction to property transfers a. Gretchen Morgenson quote “…For centuries, when a property changed hands, the transaction was submitted to county clerks who recorded it and filed it away. … (0 comments)

 
Ashley Trexler, HiltonHeadRealtySales.com (Group DiNenna/Southern Lifestyle Properties)

Ashley Trexler

HiltonHeadRealtySales.com

Hilton Head Island, SC

More about me…

Group DiNenna/Southern Lifestyle Properties

Address: 7 Office Way, PO Box 7245, Hilton Head Island, SC, 29928

Office: (843) 341-9000

Mobile: (843) 301-8550

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A discussion of Hilton Head Island's local events and real estate market.


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