Bristol County, MA commissioners vote to participate in suit against MERS

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Bristol County, MA commissioners vote to participate in suit against MERS

Bristol County, MA commissioners vote to participate in suit against MERS

HERALD NEWS-

The Bristol County Board of Commissioners moved on Tuesday to file a lawsuit to reclaim millions of dollars from Mortgage Electronic Registration Systems, commonly known as MERS, for allegedly skirting public recording laws at the expense of the county’s three property registries.

Commissioner John Mitchell said Bristol County is joining with Norfolk and Plymouth counties in filing lawsuits against MERS.

“MERS has hidden all the assignment of mortgages,” Mitchell said. “This (lawsuit) is to get fees back for the recording of assignments of mortgages. You don’t know how many times they did it. They did it privately. Supposedly, somewhere, this MERS has a registry of their own assignments of mortgages which show who is the true owner of a mortgage, except I guess in practice they don’t really have it. And that’s been a problem with foreclosures. When a bankruptcy court says, ‘Who owns the mortgage now?,’ they haven’t always been able to come up with it.”

Mitchell said it has been a “substantial” problem, but the county won’t be sure about how much money they are actually looking to collect until the discovery process of litigation — rough estimates put together by county registries last year indicate that the loss of revenue ranges well into the millions of dollars.

[HERALD NEWS]

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2 Responses to “Bristol County, MA commissioners vote to participate in suit against MERS”

  1. Faith says:

    Why are these fraudulent assignments still allowed to be recorded at the registry?

    There is more than enough proof out there. With all the evidence and robo-signers lists out there, why are the Registrars still recording them and how do we get bogus assignments removed?

  2. Faith says:

    If you live in Ma.
    Go to your Registry of Deeds website and check to see if you have a robo signed assignment on your property.
    Martha Coakly has a complaint form for you to fill out on the Registry of Deeds site.

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