Relevant:
- MERS Mortgage Registry Litigation May Slow Foreclosure, Cloud House Titles
- The mortgage mess
- Prof says banks undermined traditional property system
- Tables Turn: Deputies and movers show up at bank to seize property for homeowner
- Dude, Where's My Mortgage? How an Obscure Outfit Called MERS Is Subverting Our Entire System of Property Rights
2011-01-24 — dailymail.co.uk
"It is the one house owned by two banks that sums up the unintelligible mess that America's mortgage system is in.
This detached suburban home on Staten Island in New York is at the centre of a bitter legal row between lenders Home123 Corporation and U.S. Bank.
Both have launched separate legal bids to take over the property and foreclose it, leaving the homeowner caught in the middle of a row which sums up the mess the mortgage system is in."
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