Multnomah County in line for $9 million over fraud suit against Mortgage Electronic Registration Systems, Inc. (MERS)

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Multnomah County in line for $9 million over fraud suit against Mortgage Electronic Registration Systems, Inc. (MERS)

Multnomah County in line for $9 million over fraud suit against Mortgage Electronic Registration Systems, Inc. (MERS)

Portland Tribune-

Multnomah County has negotated a tentative $9 million settlement of a lawsuit alleging fraud against a national mortgage registry company.

Mortgage Electronic Registration Systems, Inc. was used by banks to bypass public recording requirements and fees, and has been linked to numerous foreclosures nationally. Other lawsuits against MERS have been filed around the country, with mixed results.

The settlement, released under Oregon Public Records Law, is scheduled to go before the board of county commissioners on Thursday.

[PORTLAND TRIBUNE]

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One Response to “Multnomah County in line for $9 million over fraud suit against Mortgage Electronic Registration Systems, Inc. (MERS)”

  1. Marie says:

    So if it’s so damn devastating to homeowners and those that list there homes, where is the retribution to homeowners. Nah screw them once again! MULTNOMAH will just keep the money. While our attorney general doesn’t do anything to help homeowners and sits idly by.
    When are Oregonian going to figure it out. The government here doesn’t give a rats assume about us, only the money they can drain from us. I hate this liberal state

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