“MERS has jeopardized the clear title of every Texas homeowner with a mortgage and has cheated Texas counties out of millions of dollars in property recording fees,”
– County Attorney Vince Ryan
My San Antonio-
Bexar County is poised to challenge a private mortgage-tracking system that officials claim has cost it millions of dollars in filing fees.
The district attorney’s office will ask the Commissioners Court at its Nov. 1 meeting for the go-ahead to hire a law firm to sue Mortgage Electronic Registration Systems Inc., which claims to hold title to some 60 million loans around the country.
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