Delaware struggles to sustain its MERS lawsuit

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Delaware struggles to sustain its MERS lawsuit

Delaware struggles to sustain its MERS lawsuit

This judge should slam this private registry that is in fact problematic once and for all. Just look at who is behind the machine…the banks that are sued for fraud each and every day.

Wait until someone gets the opportunity to audit the money no doc trail.

Reuters-

Attorneys for the state of Delaware struggled at a court hearing on Wednesday to keep alive a closely watched lawsuit against MERS, the electronic mortgage registry accused of abuses in housing foreclosures.

The state’s lawsuit, announced at press conference in October, is seen as a test case for addressing concerns that homes were being seized from defaulted borrowers without following proper procedures.

The Mortgage Electronic Registration Systems Inc, known as MERS, is an electronic-lien registry created by the mortgage banking industry as a way to streamline and speed up the mortgage recording and transfer process.

[REUTERS]

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