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[+] Your Tax Dollars at Work... - Scott Perry/PA (16 replies)
9/22/2011 8:03:16 AM (4628 views)

More on MERS-from the ALTA archives - J.H./OH
9/20/2011 10:05:13 PM (3859 views)

I was perusing some archived records on the ALTA website, which contain historical issues of Title News, the publication issued by the American Land Title Association. The website offers public access to these publications going back to 1998. If you have ever asked yourself the question "How did the title insurance industry go from being a venerable force in the real estate market to being the sidekick of realtors, lenders and brokers?"- this is a good place to start.

It is interesting to note the sheer volume of articles in the Title News issues from the late 90's and early 2000's singing the praises of MERS. Of course, this isn't surprising given the financial stake ALTA had in the success of MERS. However, given the legal mess that MERS has created with its contributions to the shoddy observance of foreclosure procedures, forged signatures and disregard for basic tenets of unity of title, the following article elicited a reaction from me somewhere between laughing out loud and despondence. As a teaser, the article contains the following:

"Are You Lost Without Assignments?

The answer is, "no." Instead, you should celebrate your good fortune! No more wild goose chases tracking down a missing assignment. Fine, you say, that’s great in theory, but then how do I know that the loan has been sold to a new servicer if there is not an assignment recorded in the land records?"

http://www.alta.org/publications/titlenews/99/9904_05.cfm

So there you have it. Let's all celebrate our good fortune!

 

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[+] Mass Land Records - Leigh Attridge/MA (4 replies)
9/20/2011 11:25:07 AM (3975 views)

Sold - Most Expensive Mobile Home in America - Leigh Attridge/MA
9/20/2011 9:35:44 AM (3736 views)

[+] Should an error correction be posted in the index? - Nils Nelson/ME (11 replies)
9/15/2011 3:44:00 PM (3026 views)


Real Title Services


[+] Middlesex South ROD - warning - Leigh Attridge/MA (1 reply)
9/15/2011 2:53:47 PM (2972 views)

[+] Old Republic Re-Patriating Research - William Pattison /CA (2 replies)
9/15/2011 1:06:31 PM (3137 views)

Underwriting - Sunil Rajan/IL
9/14/2011 5:55:08 PM (2326 views)

[+] NALTEA Conference in Clearwater - Patrick Scott/IL (3 replies)
9/14/2011 5:24:39 PM (4343 views)

Federal Archive shutdown / restructure pending - William Pattison /CA
9/14/2011 3:17:13 PM (2172 views)

[+] Docs RN - Tony Costa/LA (7 replies)
9/12/2011 5:24:32 PM (4620 views)

[+] Comment on "PRIA Promises Sparks at Industry Gathering" - Source of Title/OH (1 reply)
9/12/2011 4:41:03 PM (2741 views)

[+] New Courthouse hours in MA - Leigh Attridge/MA (1 reply)
9/12/2011 3:00:45 PM (2623 views)

[+] Altisource - Smitty Strickland/SC (4 replies)
9/12/2011 2:38:19 PM (5730 views)

[+] Abstrax a no-pay - Patricia /WV (5 replies)
9/12/2011 1:56:15 PM (3146 views)


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