Ohio County Sues MERS over Mortgage Recording Fees
Claims the electronic mortgage registry bypassed the recording of mortgage assignments in local registry offices, thereby depriving numerous Ohio counties of revenue from filing fees.
Palm Coast, FL – October 14, 2011
Geauga County in Ohio filed suit against Mortgage Electronic Registration Systems Thursday, claiming the electronic mortgage registry bypassed the recording of mortgage assignments in local registry offices, thereby depriving numerous Ohio counties on revenue from filing fees.
The lawsuit arrives weeks after the Dallas County District Attorney sued MERS and its parent company, Merscorp. Inc., alleging the system acts as a shadow recording system that allows lenders to avoid local mortgage registration fees.
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