Question on MERS

[Susan Bearce]

Hello,

I am brand new to Real Estate Investing and My husband and I will be looking at a property tomorrow. It is listed as a "Handy Man's Special." We see online that work was begun but not finished. There is no heating system installed, but there is a pellet stove. What is plaguing me is that I see that the property is still occupied and the registry of deeds most recent listing is "Discharged" and instead of a mortgage listed or deed it says MERS. I think my understanding about MERS is that they hide Liens on properties. Is this a red flag? Does this fall into the "Walk Away" category? We live in Massachusetts and the property has only listed for 1 day when it caught my eye. It is just over the Bourne Bridge so it is towards the cape. I am torn and not sure if I should pursue or not. 

Any advice from someone experienced in dealing with properties with MERS would really help me to make a decision.

Thanks so much!

Susan