Homeowners, counties battle bank loan system

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Homeowners, counties battle bank loan system

Homeowners, counties battle bank loan system

New York Post-

The $2 billion battle has begun.

When the Suffolk County Legislature meets again next week, the county’s share of an estimated $2 billion in fees big banks saved with their electronic record-keeping system — bypassing paper mortgage records in county clerks’ offices — will top the agenda for legislator Ed Romaine.

In his previous job as county clerk, Romaine fought in court against the Mortgage Electronic Registration System, or MERS, for several years in the early 2000s and lost. But he’s taking another run at it now as the firm’s shaky legal foundation is cracking and so many ordinary homeowners are suffering from questionable foreclosure actions involving MERS.


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One Response to “Homeowners, counties battle bank loan system”

  1. Minh says:

    Hi, My house is under foreclosure wrongfully by Bank of America and I need help. I filed many complaints by received no responses from Bank of America

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