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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Mortgage Electronic Registration System (MERS) Posted by Josh Gosnell on March 28, 2008 at 3:53 PM In Reply to: Mortgage Electronic Registration System (MERS) posted by Ward-CA- on May 25, 2002 at 9:15 AM PLEASE ANYONE WITH ADVICE, HELP We are in the process of closing on a loan, when they did a title search, they have this on the title opinion: Entry No. 43 of the abstract sets forth a mortgage conveyed in favor of MERS, a nominee for AEGIS Mortgage Corporation, dated December 20, 2001. It is in the original amount of $52,800.00. It was recorded of record on January 2, 2002 at Location 02S-11. Entry No.44 of the abstract purports to be a satisfaction of the MERS mortgage. However, the satisfaction document executed by JP Morgan Chase Bank and not MERS. There is nothing in the abstract to show an assignment of interest in this mortgage from MERS to JP Morgan Chase Bank. Accordingly, this mortgage is unsatisfied of record and as such constitutes a lien against this property. Any suggestions on this problem would greatly be appreciated. We can not go any further with our loan until this is taken care of. We have the bankers and our lawyer working on this. Please help us as soon as possible. Thanks, Joshua C. Gosnell Fax: (319) 838-2093 Email: kissyfur@hughes.net Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : PLEASE ANYONE WITH ADVICE, HELP : We are in the process of closing on a loan, when they did a title search, they have this on the title opinion: : Entry No. 43 of the abstract sets forth a mortgage conveyed in favor : of MERS, a nominee for AEGIS Mortgage Corporation, dated December 20, : 2001. It is in the original amount of $52,800.00. It was recorded of : record on January 2, 2002 at Location 02S-11. Entry No.44 of the : abstract purports to be a satisfaction of the MERS mortgage. However, : the satisfaction document executed by JP Morgan Chase Bank and not : MERS. There is nothing in the abstract to show an assignment of : interest in this mortgage from MERS to JP Morgan Chase Bank. : Accordingly, this mortgage is unsatisfied of record and as such : constitutes a lien against this property. Any suggestions on this problem would greatly be appreciated. We can not go any further with our loan until this is taken care of. We have the bankers and our lawyer working on this. Please help us as soon as possible. : Thanks, : Joshua C. Gosnell : Fax: (319) 838-2093 : Email: kissyfur@hughes.net [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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