Deed of trust

[seanf12]

Just looking at our Deed of Trust (gather docs for filing), and I notice that the only deed registered still mentions the original lender (the mortgage has been sold twice since).

This may be more of a question for my lawyer, but shouldn't the deed reflect who the new lender is? It says MERS as of right now

Also, do deeds of trust typically contain bankruptcy clauses?

Thanks

[cleo1357]

MERS is the Mortgage Electronic Registration System. They use MERS so they don't have to change the recorded paperwork everytime a mortgage is sold.
From the MERS website :
"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."

So, your deed of trust does not need to reflect the current lender.