Loan Help or Hindrance?
By Dr. David Edward Marcinko MBA, CMP™
[Editor-in-Chief]
According to their website, Mortgage Electronic Registry System [MERS] is an innovative process that simplifies the way mortgage ownership and servicing rights are originated, sold and tracked. Created by the real estate finance industry, MERS eliminates the need to prepare and record assignments when trading residential and commercial mortgage loans www.MERSInc.org Sounds good, right?
State Laws
Unfortunately, property law is handled on a state-by-state basis and digital MERS may not be a legal replacement for paper. In fact, MERS use may devalue the physical paper trail and lead to lost or misplaced loan documents [aka: admissible evidence].
Assessment
As a financial advisor for more than 15 years, and a former certified financial planner for more than a decade, who resigned due to the industry’s lack of fiduciary accountability, I appreciated this issue deeply
www.MedicalBusinessAdvisors.com
Full Disclosure:
I am also the Founder and CEO of www.CertifiedMedicalPlanner.com; an online certification, licensure and educational program for financial advisors and medical management consultants working in the healthcare space; who are always fiduciary advisors.
Conclusion
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Filed under: CMP Program, Financial Planning, iMBA, Inc., Information Technology, Mortgage Electronic Registry System, Op-Editorials | Tagged: certified medical planner, CMP, commercial mortgage loans, david marcinko, home loans, MERS, Mortgage Electronic Registry System, mortgage ownership, real-estate, residential mortgage loans, www.certifiedmedicalplanner.com, www.medicalbusinessadvisors.com |

















Reverse Mortgage Shame
http://money.msn.com/home-loans/article.aspx?post=b638d282-a8c3-4cc9-a064-1093c7140e36>1=33032
Clyde
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Early Home Mortgage Payoff?
There are positives and negatives that can be argued for both sides, but in the end the decision is personal. You could choose one option while your neighbor choose the other and both could turn out fine.
http://www.zillow.com/blog/
The Zillow blog has broken the decision of paying off your mortgage early. Some of the things to consider are any other debt you may have, if your house is already underwater and what sort of return on investment you could get if that money went elsewhere.
Zane
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