Investors Classifieds Latest News
In the high stakes game of billiards being played between the Mortgage Electronic Registration Systems (MERS) and government officials, the automated mortgage registry continues to run the table against its opponents in court as more judges deny plaintiffs’ causes of action for a litany of reasons.
At the end of the day, the common relief sought by state and county governments going after MERS is one thing …MONEY! Money they feel has been more or less stolen from their coffers through MERS circumventing the prescribed system for recording the transfer of real property. And the courts, more often than not, are simply not buying into those arguments.