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To: RushingWater

From the MERS website new section:

“10/13/2010
MERS Response to J.P. Morgan Chase Statement

JP Morgan Chase is a valued member of MERS. They currently have their correspondent loans registered on the MERS® System. They do not, nor have they ever, registered their retail loans on the MERS System. As members of MERS and for loans registered on the MERS System, banks have the option of foreclosing in their own name, or MERS foreclosing for them. JPMC has chosen to foreclose in their own name, which is a common decision that is allowed under the structure of MERS.”

I take that to mean if you used a mortgage brokerage company or your loan was sold to Chase by the company that originated the loan then MERS would have a record of it.

If your loan was originated with Chase then MERS won’t have it in their system.

Funny as much as MERS has been in the news for the past year that the above info is the only “news” listed on their news section of the website.

http://www.mersinc.org/news/details.aspx?id=246


16 posted on 02/14/2011 8:07:44 PM PST by Rebelbase
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To: Rebelbase

still does not prove who owns the note now. Chase could just be the servicing agent and not the final note owner.


51 posted on 02/15/2011 9:28:38 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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