Saturday, March 5, 2011

More questions about the MERS curtain

Well, it was a lost cause when Jose Gomes of San Diego claimed a right to make MERS tell him which owner or owners it represented in foreclosing on his mortgage.

But now some North Carolina officials have noticed that transfers behind the MERS curtain are depriving counties of revenue that they would be receiving in recorders' fees if the transfers were happening on the public record (good smart point), and Ritholtz is taking them seriously.

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