Partial settlement approved in County lawsuit against MERS

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Partial settlement approved in County lawsuit against MERS

Partial settlement approved in County lawsuit against MERS

Your Houston News-

Harris County Commissioners Court on Tuesday (June 25) agreed to a landmark settlement in a lawsuit that will result in greater accuracy of county real property records.

Harris, along with Brazoria and Dallas Counties, has reached a partial agreement with Mortgage Electronic Registration Systems, Inc. (MERS) that will ensure that county records accurately reflect MERS’s relationship to transactions involving real property.

Under Texas law, mortgage transfers, payoffs, and other important matters relating to the ownership of real property are recorded in the county property records. Title companies, lenders, and potential purchasers rely on county records to determine ownership of property.

[YOUR HOUSTON NEWS]

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