Pickle Real Estate

Reading Between the Head-Lines

Law Expert: MERS Mess Could Have “a Massive Effect on the Economy”

Law Expert: MERS Mess Could Have “a Massive Effect on the Economy”

2010-10-18 – Fire Dog Lake news desk

“So I had a pretty incredible conversation last night with Christopher Peterson, the law professor and Associate Dean for Academic Affairs at the University of Utah, who wrote two illuminating Law Review articles about MERS, the shell entity that created an electronic database for the trading of mortgages. I’m going to do my best to summarize the findings of the interview, but I want to stress two things that I learned – 1) this is very heady stuff, tied up in contract law and all sorts of associated legal issues, 2) absolutely nobody in this country knows with any certainty how this is going to play out.

With that as a base, here’s the gist of the conversation.”

original article

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October 21, 2010 - Posted by | Banking, Foreclosure, Investments, Stats

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