Full Disclosure
Mar. 1, 2013
In MERS We Trust
Counties in many states have sued the MERS registry for dodging recorders' fees. But not in California.
When you get your pocket picked by a real pro, sometimes all you can do is appreciate the artistry. Such, apparently, is the case with MERS, a national electronic database of home mortgages that effectively swiped millions of dollars from local governments just when they could have used the revenue most.
By now homeowners across the country are familiar with Mortgage Electronic Registration Systems Inc. (MERS) and MERSCORP Holdings Inc., its corporate shell based in ...
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