patb wrote:tanta says this

[urbanrealtor]

[quote=patb]tanta says this would be a real big problem in that
it will make future sales almost impossible.

between clouded titles, and a real hassle in trying to
get papers to closing, this will not be a good thing either.[/quote]

Doris Dungey (Tanta) has passed on so she doesn’t really weigh in on this anymore. Unfortunate, because she really had some good insights here.

http://www.calculatedriskblog.com/2007/11/gm-watch-flap-continues.html

or here

http://www.calculatedriskblog.com/2007/11/deutsche-bank-fc-problems-and-revenge.html

The point is that regardless of the physical or virtual custody of the paper, these problems can be worked out. The courts just force the banks to be less sloppy. Sounds like this is what happened in the MERS case.

Please tell me if it seems like I am wrong on that.