David Woolley on the MERS land title chain fiasco

Scroll down to 2nd half for this piece: ``Chain of title is lost because it cannot be traced amongst the hundreds of thousands of MERS transactions and any property (even without a mortgage) that shares a common property boundary line with the foreclosed property may have also lost its senior rights in a boundary dispute. Boundary disputes between neighbors are very common, however, they were historically not well publicized. This is simply because these boundary disputes were previously resolved by searching chain of title records and dividing property according to the basic principles listed above. Now that chain of title is destroyed or severely diluted, these same boundary disputes will require court intervention to settle boundary lines.''