CHESTER COUNTY, PA RECORDER FILES SUIT AGAINST MERS, MERSCORP AND THE MAJOR BANKS

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CHESTER COUNTY, PA RECORDER FILES SUIT AGAINST MERS, MERSCORP AND THE MAJOR BANKS

CHESTER COUNTY, PA RECORDER FILES SUIT AGAINST MERS, MERSCORP AND THE MAJOR BANKS

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It seems as if we keep unraveling more of the big deception that is called MERS …

In Pennsylvania, it would seem that more and more Recorders of Deeds are starting to “get it” … and joining Montgomery County Recorder of Deeds Nancy Becker in filing suit against MERS, MERSCORP and the banking interests that enriched themselves utilizing this “beta model” at the apparent expense of the Recorders, based on the ruling by Judge Joyner that MERS and MERSCORP were acting as agents for the principals involved in recorded Mortgages in Pennsylvania … and as agents (nominees) they are as liable as the principals they represent for violation of the Pennsylvania Recording Statutes.

As to whether or not damages arise is anyone’s guess; however, that has yet to be proven. In this latest round of litigation, the major banking institutions are also being dragged into the mix and being made to fess up to their alleged misdeeds, as principles for this boondoggle we call “securitization”.

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