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Humpty Dumpty has had his great fall, thanks to an outstanding bankruptcy judge who has all but dismantled the Mortgage Electronic Registration System (MERS) thanks to his recent ruling.
Last week New York Judge Robert Grossman ruled that all of MERS' business practices are illegal.
It’s a staggering blow to the banks and their endless efforts to circumvent due process. It has the potential to once again slow down the foreclosure process.
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