Hearing scheduled in MERS motion to stay

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Hearing scheduled in MERS motion to stay

Hearing scheduled in MERS motion to stay

You know MERSCORP is bound to lose big time in one of these cases.

Madison Record-

A hearing in a lawsuit over the recording of mortgages in St. Clair County is scheduled Nov. 19 in Associate Judge Vincent Lopinot’s courtroom.

Defendant MERScorp (Mortgage Electronic Recording System) filed a motion to stay proceedings Sept. 7, claiming the case should be stayed, pending results of an earlier-filed, similar federal court case, which has “substantially similar” claims and parties.

St. Clair County State’s Attorney Brendan Kelly’s office sued MERS and several major banks in May alleging they created a shadow mortgage recording system that effectively eliminates the ability to track the purchase and sale of properties through the traditional public records system.

[MADISON RECORD]

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