Pickle Real Estate

Reading Between the Head-Lines

Lawsuit Alleges that MERS Owes California a Potential $60-120 Billion in Unpaid Land-Recording Fees

2010-10-25 Zerohedge.com

“MERS is facing class-action lawsuits and civil racketeering suits around the country and their members are being individually named in all these suits. One suit alleges that MERS owes California a potential $60 billion to $120 billion in unpaid land-recording fees.” 

original article

October 25, 2010 Posted by | Banking, Foreclosure, Investments, Lending, Real Estate, Stats | Leave a comment

And Here’s Another One: Georgia

2010-10-25 market-ticker.org
“MERS does not have the authorized power to send a valid notice of foreclosure within the State of Georgia for those deeds where it is “solely a nominee” and does not have the authority or power under Georgia law to foreclose on a property or engage in an auction of sale on such property where is is “solely a nominee” on such deeds.”

 original article

October 25, 2010 Posted by | Banking, Foreclosure, Real Estate, Stats | Leave a comment

   

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