Who Is MERS? Why They Hold Millions of Loans? Tracking Loans Through a Firm


Almost every one of us has heard about MERS but do not exactly know who they are and what they do? Is MERS some kind of alien entity. In fact, yes, it is an electronic entity.

MERS is an entity which would foreclosure your home even though it has no physical presence anywhere. Under the rules of civil procedure only a real party in interest can sue or be sued, and MERS is an electronic entity and not a real party in interest. MERS never lent anyone a single penny, and never signed any disclosure papers, but still they like to foreclose your home. Why?
Here, is an interesting article about the role of MERS and what they do?

http://www.nytimes.com/2009/04/24/business/24mers.html?_r=1&pagewanted=print

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