Comments on: Minnesota: Ramsey, Hennepin Counties Sue Mortgage Registration Systems (MERS)

By: talktotennessee

talktotennessee — Sat, 16 Feb 2013 05:57:36 +0000

In reply to billindetroit. What happens if a Trust Deed was newver recorded? What course of action does the lender have if the homeowner defaults? Can the lender still foreclose on the homeowner if there is no recorded Deed of Trust? If they can't foreclose in a non-judicial state what is their alternative? Anyone????

By: billindetroit

billindetroit — Fri, 15 Feb 2013 23:14:35 +0000

Finally. What took so long? MERS is behind the rampant repossession fraud that has evicted homeowners who were not only current in their mortgages … but could prove it. A friend of mine across the street lost his house after ~12 years of mortgage payments. Utter BS!

Wayne County (Detroit), MI could sure use those missing funds. About all that has actually gotten recorded there in a long time are land contracts. Having those funds would help the city to bring the police, fire and sanitation departments back up to snuff. I’m sure the city will be keeping an eye on the progress of this suit … possibly kicking in with a friendly nudge or two.

By: 1ofthemany

1ofthemany — Fri, 15 Feb 2013 22:41:22 +0000

gov swapping $$$$$$ guess the counties need their due tho But…so do we