Is Yours? Well of course it is if you own it outright. And you may just own it outright and not know it yet. If the chain of title is not handled correctly that “Trust Deed” that says that you get possession until you pay such and such company xx dollars may not say the right things and when that original bank resold your loan through MERS (Mortgage Electronic Registration System) where the banks sold title they did not have legal rights to and thus lost the right to ANY claim on the property. NO SHIT. How about that to kick start the economy. No more payments for 62,000,000 mortgage payers. The banks got greedy, then they got sloppy, and now they are going to pay for it.
the GREAT author of “The Web of Debt” has looked into this and wrote up the details in the following article. Look into the links at the end of the article for her www.webofdebt.com site as well as public banking. Read the available chapters on the book site. Then get the book and read it.
The Legal Problem of MERS and Mortgages: Could 62 Million Homes Be Foreclosure-Proof?