Why MERS Is Center of Foreclosure Mess

News stories placing the Mortgage Electronic Registration Systems (MERS) at the center of the foreclosure storm make MERS the villain in this financial crises. While it's true MERS does enable foreclosures, the problem is a lot bigger than the electronic mess at MERS.

Courts in some states are refusing to foreclose on homes because of the lack of paperwork to prove who actually holds title to the property.