Who does Corvus Law Group help?
Corvus Law Group typically represents individuals whose mortgages have defective chains of title as a result of lenders securitizing their promissory notes and dealing with private recordation systems rather than the public indexes that ensure an accurate, public record of real property ownership.

Why does chain of title matter?
Chain of title refers to the history of passing of title ownership to real property from the present owner back to the original owner. Chain of title is a complete, accurate, and publicly recorded, history of instruments used to transfer ownership in a piece of property. Chain of title is a homeowners' ultimate proof of ownership of his/her real property interests. Besides being conclusive proof of ownership, chain of title is the basis for title insurance, mortgage finance, and use of property as collateral for business loans. Moreover, a defective chain of title is unmarketable, meaning that properties with broken chains of title may be unsaleable (or if saleable, defective title may adversely affect the property's price).

Is litigation a loophole within the system?
Concern that MERS litigation is morally or ethically unwarranted reflects the honorable nature of most homeowners and participants in America's free enterprise system. Homeowners investigating MERS litigation should consider the effect MERS and the securitization of real property mortgages have had on not only their own personal real property interests but broader American ideals of fair play and justice. The fact is, Lenders who dealt with MERS and securitized home mortgages essentially displaced the public indexes that have secured real property ownership for longer than America has been a country. As a result, homeowners have tremendous uncertainty as to whether their payments are going to the true note holder; uncertainty as to who is the true owner of their promissory note; and legitimate worry that they may not be able to ever obtain clear title and/or title insurance (in the event of a sale). Furthermore, homeowners whose Lenders destroyed their chains of title to real property may be an unwitting or passive participant in the fraud Lenders perpetrated upon the American real estate system. To the extent homeowners and courts alike permit MERS to subvert public recording systems of real property ownership – by either not bringing MERS litigation or ruling in favor of Lenders – individual homeowners and courts abdicate society’s responsibility to secure real property ownership to self-interested lending institutions. Such a result is untenable – Banks and lending institutions are truly too big to fail if they and they alone possess records of real property ownership. Preserving the records of real property ownership, which is an integral part of the American and global economy, is a legitimate and necessary role for local governments, not banks.

Assuming a mortgage qualifies for litigation, what is the goal of the lawsuit?
A principal reduction of the principal amount owed on qualified mortgages, as well as other significant lender concessions, and restoration of clear chain of title.

How long does the litigation process take?
Typically a suit takes between 9 and 12 months to resolve. However, as each case is different the process may be shorter or longer..

What happens to the second mortgage?
We sue the second mortgage as well and that lender generally settles for pennies on the dollar or are removed completely from the property.

Has there been an outright expungement of the debt?
Yes, however the lawsuit process is much more expensive and it generally takes a lot longer, and the risk is the same.

What is MERS?
MERS stands for “Mortgage Electronic Registration Systems.” MERS is a private recordation company that major lenders created to evade settled law requiring an accurate, and public, recording of each transfer or transaction involving real property.

What are the tax implications of a successful settlement under MERS litigation?
The tax implications of a successful MERS suit vary to each individual’s respective situation. Strongly consider consulting a tax professional for advice in this regard.

Has Corvus Law Group been successful with MERS litigation?
Covrus Law Group has an exemplary record of forcing lenders to drastically reduce the principal of qualified mortgages, in addition to other concessions.

What are the odds of successful MERS litigation?
The nature of law, courts, and litigation, is such that no honest or ethical attorney could promise or guarantee a positive result. Indeed, recent studies show that lawyers with high confidence of successful litigation are often outperformed by lawyers with relatively sober predictions of their chance for success. Homeowners should look for lawyers and firms with successful track records of working with clients similarly situated to themselves, and be cautious of lawyers promising anything other than vigorous and ethical representation.

Will I qualify for MERS litigation if my loan originated from a Credit Union?
In many instances loans obtained from credit unions or local lending institutions were not securitized. However, a thorough search of your chain of title is necessary to determine whether a loan went through MERS, or was securitized, regardless of where the loan originated.