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Subject:	RM] RAINdrip: MERS Reston-based company in the middle of foreclosure chaos
From:	John Milligan <[log in to unmask]>
Reply To:	Records Management Program <[log in to unmask]>
Date:	Fri, 8 Oct 2010 11:12:25 -0700
Content-Type:	text/plain
Parts/Attachments:	text/plain (22 lines)

http://tinyurl.com/2fbpbf2
  
Scary records-related Wash Post article re recent mortgage snafus that woke me 
on my sonambulistic Metro ride in to work this AM here in DC.  This particular 
quote from it really hits the nail on the head!
 
“…But as millions of homes have fallen into foreclosure, Peterson said, "the 
MERS system doesn ' t provide a substitute for all the recordkeeping" that never 
took place during the boom years. "MERS created the illusion of record keeping 
when it wasn ' t really done." 

 
Happy Long Weekend All!  John      


      

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