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Mason County, KY joins lawsuit against MERS to reclaim fees

Mason County, KY joins lawsuit against MERS to reclaim fees


Just today we learned that Legal Action Against MERS Has Been Dropped in Kentucky, so lets see what develops from this. Keep in mind that this does not rule out other states as there are different laws in each. Also, KY AG has subpoenaed MERS.

MERS et al. are probably going after the states that might appear easy.

Ledger-

Every time a mortgage changes hands in Kentucky, the transaction is to be registered at the county clerk’s office and a fee is to be paid.

On Thursday, Mason County joined with several other counties, including Franklin and Warren counties, across the state in a class action lawsuit against a mortgage registration company which has failed to comply with the law, which is regulated under KRS 382.110(1).

Mortgage Electronic Registration Systems, also known as MERS, is comprised of shareholders of some of the largest mortgage lending institutions in the nation.

[MAYSVILLE-ONLINE]

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Warren County, Kentucky likely to join class action against banks involved with MERS, AG subpoenas MERS

Warren County, Kentucky likely to join class action against banks involved with MERS, AG subpoenas MERS


BGDAILYNEWS-

While details remain scarce, it is expected that Warren County will enter a class-action lawsuit Monday against several banks involved with Mortgage Electronic Registration System Inc., county officials indicated Thursday.

Warren County Fiscal Court voted unanimously Thursday to grant authority for the county to engage the law firms of Spurgeon & Tinker, Gregory Stumbo, and Whiteford Taylor & Preston, to represent Warren County in a class-action lawsuit.

 Last week, Kentucky Attorney General Jack Conway said he subpoenaed MERS, which he believes might have circumvented Kentucky law by failing to properly record mortgage assignments or pay filing fees with county clerks throughout the state.

[BGDAILYNEWS]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Kenneth Eric Trent, www.ForeclosureDestroyer.com

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