Posts in MERS
MERS and the Evolution of Foreclosure

Simply, foreclosure is a legal process a bank uses to recover the money it lent by taking ownership of property purchased with the bank’s money after a default.  When borrowing money, a borrower will generally execute a promissory note (“Note”) (contract to pay back the money) and a deed of trust (security for a loan containing a right to foreclose).  The deed of trust…

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