Beaufort County lawsuit against mortgage registry MERS moves ahead

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Beaufort County lawsuit against mortgage registry MERS moves ahead

Beaufort County lawsuit against mortgage registry MERS moves ahead

The Island Packet-

A lawsuit filed by Beaufort County and four other counties against a nationwide mortgage database can proceed, a judge has ruled.

The counties are suing Mortgage Electronic Registration Systems and its member banks, alleging the system hides who owns loans. That constitutes fraud and undermines the county’s property-ownership records, which state law requires to list the exact owner of a property’s title, county attorney Josh Gruber has said.

The counties are represented by the Bluffton law firm of Vaux, Marscher & Berglind PA.

MERS had filed to dismiss the suit, but Judge R. Lawton McIntosh of the S.C. Business Court has denied the request.

Read more here: http://www.islandpacket.com/2015/05/29/3770984_beaufort-county-lawsuit-against.html?rh=1#storylink=cpy

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