The Death Of MERS
For all intents and purposes, MERS is Dead. Recently, I heard that MERS was making changes to its business model. To that statement, I must respond: "What business model?" The only thing that MERS did in my opinion is put the screws to the entire mortgage industry. In six months to a year, MERS will be gone, and then we will begin to see the bigger picture. The questions that we will be asking are: Do I really have to pay my mortgage? Who do I owe the money to? How many credit reports need to be cleaned up because they are wrong? It's going to get ugly.
In a year, I will look back on past blogs to see if my predictions were right or wrong. This story is going to get interesting.
This post was submitted by Carmen Dellutri, Esq., founder of The Dellutri Law Group, P.A. Currently, the firm has offices in Port Charlotte, Fort Myers, Naples and Sarasota. Mr. Dellutri also sits on the Board of American Board of Certification. Mr. Dellutri is also one of the founders of the Bankruptcy Law Network, Debt Law Network, Credit Law Network, and Mortgage Law Network. Mr. Dellutri also writes for the firm's personal injury litigation blog. Mr. Dellutri also writes for the firm's other blogs: www.faircreditreportingactblog.com and www.fairdebtcollectionpracticesactblog.combankruptcy blog.
