Alabama lawsuits challenge electronic mortgage system
A national company’s mortgage registration system makes it difficult to track property title ownership and allows it to avoid paying county record fees, according to lawsuits filed by two Alabama counties in recent months.
The cases filed by the Walker County Commission and Barbour County’s probate judge are among a number of lawsuits filed by counties and homeowners nationwide challenging the legality of the Mortgage Electronic Registration Systems Inc.’s system, known as MERS.
The company has won a number of those court challenges and other decisions are pending. Walker County filed its lawsuit, which seeks to be certified as a class action complaint on behalf of all Alabama counties, against the company and its parent company, Reston, Va.based MERS Corp, in April. The case was transferred to federal court in Birmingham last week. The Barbour County case was filed in November.
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To Beth A. My guess case will be dismissed with prejudice as it happened on or about March 15 in Washington Supreme Court , MERS had only one argument that in this illegal schema involved about 60% of the mortgages. Because 50 state made deal with banks Cort held MERS legally conduct business (See OCC.gov MERS legally conduct the business) and you never get anything from this deal. But sooner or letter MERS will stop their illegal operation. Fanie stopped use mers’s service. That why Obama and legislature close the eyes. To cover fraud they made the deal. But investors loss the money and obviously they have’t any wishes lose it again. It was dilemma for government and really we get outcome what we have today. I also want make claim to AG but today I think it will be useless effort.
Now tell me how does it work when Bank of America takes your home & assign it back to you and adds MERS name and then sells it back to Fannie Mae on 7/2011 and you have a Satisfaction of Mortgage 10/2007.How, with UNCLEAN hands.Bank of America Blank/Rome Law Firm,Silk Abstract Law firm and some Robo-signers.
Due diligence has been done shall I start display each piece of Fraud or will @OCC.gov read the F…g work I accomplished????
Getting very tired of this crap. AG’s using money for state, foreclosed get $2,000 for being throw from Homes. Get real Government, the Banks screwed all of us.
Good luck….Michigan failed.