MERS = Mortgage MERSA?

Who “abetted a fly-by-night, pump-and-dump, no-accountability model of structured mortgage finance”? An obscure corporation in Reston, Virginia. You probably should know more about the Mortgage Electronic Registration System (MERS). It may own your house.

No More Foreclosed Homes

What’s all this blather about falling real estate values and home foreclosures? Stuff and nonsense.

Just look around you. There are no more “Foreclosed Homes” —  just “Bank-Owned” houses and “Motivated Sales.”

Just ask any Realtor®.

 

Caution:There are many underperfoming assets on the Real Estate Euphemism Market today. Not all semantic shifts and short sales of logic are bank-approved. Demand documents written in a language actually understood by some living human population without third-party approval.

Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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