The Mortgage Electronic Registration System is like a key party, but instead of f**king your wife, they lose track of the deed to your house.

Tuesday May 7, 2013 (06:26)

Category: Foreclosures, Real Estate, Really, really bad calls, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “The Daily Show: Residential Evil”

  1. PeterR says:

    Thanks you for introducing my distant cousin, MERS.

    HAL
    2013 — A Space Odyssey

  2. VennData says:

    Cherry picking! I have never had a business upset me, deny me, or messed up my order ever! And the government has

  3. theexpertisin says:

    A (reformed) real estate investment business associate of mine quit paying on an investment property mortgage in February 2009, which was in a singleton LLC. The bank (BOA w/Countrywide paper), months later, threatened foreclosure. He said “take the keys”. No action. Beginning in November of 2009, the bank called several times. Take the keys, he says. No action taken. The urban Ohio city where the property is located threatened to foreclose because of unpaid real estate taxes in December of 2011, he does not respond.No action taken.

    Fast forward to May 8, 2013. Since February 2009, he has paid neither a mortgage or real estate tax. He rents the home to an individual who sublets the rooms as a boarding house. His take is $1900/month in cash.No one has contacted him since December 2011 about mortgage payments or taxes. This situation is not particularly unique.

    For every person who is getting screwed by a bank, there are a few folks having a profitable chuckle at the real estate mess banks and cities cannot seem to clean up.

  4. 873450 says:

    The loan servicer is still f**king your wife, but will get away with claiming no intentional wrongdoing, just an innocent case of mistaken identity. No harm done, hardly any at all. At most, the servicer may have to acknowledge careless error, promise not to make the same mistake again and send you a credit card application offering a low introductory rate. Failing that and f**king your wife again, he will have to apologize and sweeten the credit offer by including a $10 voucher that can be used towards your first charge if your card application is approved. And then the loan servicer can continue f**king your wife.