MERS Shell Game

Defendants in MERS recording fee case file brief supporting motion to dismiss

A suit filed last year by the St. Clair County State’s Attorney’s office against banks and Mortgage Electronic Recording System (MERS) over a “shadow” mortgage recording system should be dismissed with prejudice, the defendants say.

State’s Attorney Brendan Kelly sued last May alleging the defendants’  recording system effectively eliminates the ability to track the purchase and sale of properties through the traditional public records system.

A joint motion to dismiss was filed Feb. 15 by MERS, Bank of America, Wells Fargo Bank, CCO Mortgage Corporation, EverHome Mortgage Company, Regions Bank, First Collinsville Bank, FirstCo Mortgage Corporation, First County Bank, Commerce Bank, UMB Bank, Midland States Bank, Citi Mortgage, Suntrust Mortgage, MERSCORP, Inc., HSBC Finance, Bank of O’Fallon, SunTrust Mortgage, Mid America Mortgage Services of Illinois, Peoples National Bank and Mortgage Services.

A reply brief supporting the motion to dismiss was filed April 8, saying the Illinois Supreme Court more than a century ago rejected a plaintiff theory that Illinois law contains a mandatory duty to record mortgage assignments.

Rest here…

~

4closureFraud.org