Because MERS is utilized for transferring title and these transfers are not publicly recorded (thereby imparting constructive notice), MERS does not comply with race (first in time) or (constructive or actual) notice statutes and, therefore, senior/junior property rights cannot be determined when a discrepancy arises in property boundaries lines. Consider the following:
What happens if the chain of title cannot be determined because there are no accurate and publicly recorded deeds/title documents showing chain of title to determine senior and junior rights designations for boundary determinations between neighbors?
What happens when you destroy the adjoining property rights and records of homeowners who never defaulted on their mortgages are now forced to litigate boundary disputes and property rights?
Why did the title insurance companies repeatedly refuse to underwrite foreclosures if land title was stable?
—
Bill Paatalo
Oregon Private Investigator – PSID#49411
Mailing Address:
*TO PLACE AN ORDER CLICK THE LINK BELOW:*
this electronic mail, are intended only for the person or entity to whom
they are addressed and may contain confidential and/or privileged
information. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon this information by persons or
entities other than the intended recipient may be prohibited by state or
federal law. If you received this electronic mail in error, please contact
the sender by reply email or at 1-888-582-0961, and delete the material from
any computer or server where electronic mail is stored. Thank you.
Search Our Blog
Categories
Contact Our National Headquarters Phone: 844-583-5339
Connect with us
Contact Our National Headquarters
- 844-583-5339
- Available 24/7
-
200 S. Andrews Ave. Ste. 604
Ft. Lauderdale, FL 33301