Lenders: Check MERS case law in foreclosure actions

January 6, 2015

The Mortgage Electronic Registration Systems Inc. — MERS — has reduced the crush of excessive paperwork, the confusion of multiple assignments and processing delays in local recording offices.

Westlaw Journals Commentary thumbBut the increase in MERS-held mortgages means more borrowers will challenge foreclosure proceedings, both judicial and non-judicial.

(Westlaw users: click here for the full article. )