Watch: Lee explains the Mortgage Electronic Registration System (MERS) and how the banks use it to destroy local land records, avoid taxes, and foreclose on our homes.
This is your Moment of Clarity #215: The banks use something called MERS in order to destroy local land records, avoid taxes, and foreclose on our homes. The truth is slowly coming out about it and people are fighting back.
At the advent of MERS, this bastion of our recordation system was rendered obsolete, to the detriment of every owner of real property in the United States.
Legal experts said last month's decision from the Washington Supreme Court could become a precedent for courts in other states. The case also endorsed the view of other state courts that MERS does not have the legal authority to foreclose on a home.