Over 62 million mortgages are now held in the name of MERS, an electronic recording system devised by and for the convenience of the mortgage industry.  A California bankruptcy court, following landmark cases in other jurisdictions, recently held that this electronic shortcut breaks the chain of title, voiding foreclosure. 

The logical result could be 62 million homes might be foreclosure-proof.  


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The economists made an announcement broadcast on all of the major networks that the recession is officially over ended sometime last year.


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GMAC Halts Foreclosures in 23 States for Review


GMAC halts foreclosures in 23 states to review for their foreclosure process


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