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Updated over 10 years ago on . Most recent reply

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Brent Paul
  • Rental Property Investor
  • Shakopee, MN
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I have noticed a trend on foreclosures in my area....

Brent Paul
  • Rental Property Investor
  • Shakopee, MN
Posted

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

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

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

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