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Updated over 10 years ago on . Most recent reply

I have noticed a trend on foreclosures in my area....
I have checked public notices and over 50 percent of the listings were financed by
mortgage electronic registration systems. Weren't they being sued for something?
Maybe it's a coincidence but I find it so strange so many foreclosure houses were financed by them.
Most Popular Reply

MERS did not finance any mortgages. The lenders were using MERS as a way to track mortgage assignments without using the county recorder.