February 8, 2013
Mortgage Electronic Registration System (MERS): A Twenty First Century Creation Navigating An Eighteenth Century Legal System
Thomas Kilpatrick of the University of South Carolina School of Law discusses MERS and argues that MERS is emblematic of the systemic problems leading up to the 2008 housing crisis as it was forged out of the environment which ultimately led to the housing bubble. He asserts further that MERS helped sustain and strengthen the housing bubble, is a lead contributor to the ongoing foreclosure crisis, and is a primary impediment to its swift resolution.
Read article here: http://www.natlawreview.com/article/mers-twenty-first-century-creation-navigating-eighteenth-century-legal-system| Permalink