Can’t find out who owns your mortgage or equity loan? Trying to arrange a Short Sale with a bank and don’t know who to contact? Are you being evicted or threatened with foreclosure and your lien is recorded in MERS’s name?
Who is MERS? MERS – Mortgage Electronic Registration System – is a registry service for lenders – which eliminates the need to record changes in a mortgage ownership. And it’s been working pretty well for them. Pretty frustrating if you’re trying to track down the actual owner of your mortgage or equity loan. I know as an agent I’ve had some frustrating experiences with them this year. However, there was a recent court decision in Kansas which may portend a further cracking of the system.

Gretchen Morgenson of The New York Times wrote an excellent article today about the problems consumers have encountered and some recent court cases which have ruled against MERS.  If you cannot access the link, here is the article in a .pdf format.  About time…

Want a fast way to search for Short Sales on the Long Island MLS?   There’s a short-cut button on my website which will display all the available short sales with one click.  Dix Hills and Melville are pre-selected – but you can change that to search for short sales in any area on Long Island by selecting the Towns you want.  Start typing and then select Town from the drop-down list.  Click Search at bottom of page and then click on the Results tab to display the listings if it doesn’t open automatically.  Move mouse over the green “push-pins” on the map for a thumb-nail pop-up to locate homes. 

For more information about these homes or to arrange an appointment to view any, please contact us at Team@CherylGrossman.com  or 631-549-1993.  You can Search All Homes for Sale on MLS at www.LIagent.com.

The List of Homes for Sale as Short Sales within the Town of Huntington, include Dix Hills, Melville, Huntington, Huntington Sta., Centerport, Elwood, Greenlawn, Commack, E. Northport and Northport - as well as other areas within the Town’s borders.  The Short Sale List is in .pdf format.  For more information about these homes or to arrange an appointment to view any, please contact us at Team@CherylGrossman.com or 631-549-1993.  You can Search All Homes for Sale on MLS at www.LIagent.com