New MERS Mortgage Settlement Impacts Borrowers Nationwide

This Settlement will Impact Banks and Borrowers Nationwide blog.hsh.com | July 19, 2012 By Peter Miller Perhaps the most convoluted and unresolved issue created by the mortgage meltdown concerns not mortgage rates or amortization, but the central question of who owns your mortgage and where it can be found. The state of Delaware recently settled a lawsuit with Merscorp Holdings Inc., who operates the Mortgage Electronic Registration System (MERS). The agreement sparked a deal that…

Foreclosure Short Sale Home Owner Analysis Checklist

Foreclosure Short Sale Prospect Home Owner Analysis Checklist? Below Is A Foreclosure – Short Sale Prospect analysis checklist to determin if the home owner is a short sale prospect or a foreclosure candidate. 1. Can the home be sold for enough to pay off what the Seller home owner owes on it before foreclosure? 2. Does the Seller home owner have the means to solve their situation on their own? Do they have money sitting in a bank…