http://therealnewsjournal.com/ "Foreclosure gate," as some are calling it. It has been widely reported that there are a little more than 60 million home mortgages in the Mortgage Electronic Registry System or its acronym, is MERS . If every one of the 60 million mortgages is worth $100,000 that would mean a total of at least $6 trillion in home mortgages that are electronically filed. In M E R S, there is no physical written record of a "Promissory Note." also van morrison