This MERS nightmare could prove to be a big blessing for the homeowner. Numerous judges in different states are passing decisions that basically is saying that MERS does not have the right to foreclose on the homeowners. Experts say the ruling paves the way for thousands of people who have lost houses to foreclosure to challenge their homes' seizures.
This affects far more than just foreclosed homeowners. For instance any consumer who owns a house foreclosed on in the past two decades must now worry that a former owner will sue to reclaim the property. Such homeowners could also find it impossible to sell or refinance because of clouded titles.
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[youtube=http://www.youtube.com/watch?v=roH8UYjGe2U]
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