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Is MERS now legtimate?

Posted on: 14th Dec, 2010 06:14 am
we have our mortgage thru wells fargo and due to a temporary loss of a job we had a loan modification in effect. now we are back on track and suddenly they want us to sign a power of attorney to mers to basically "refinance" at a lower payment. is this a scam to forclose?

thanks!
Hi markdavidgustafson,

A lot of discussion has taken place in order to legitimize MERS but I don't think it has been declared legitimate. Before signing the documents, I will suggest you to contact an attorney and take his opinion in this matter.

Thanks
Posted on: 14th Dec, 2010 06:26 pm
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