MERS TELECONFERENCE YIELDS SOME POSITIVE ACTION PLANS

By Dave Krieger

It was a telephone conference you would have just died to be on. It appears that county recorders are starting to take notice of the losses in revenue with MERS’s circumvention of their recordation systems. By best conservative projections out of this conference, John O’Brien, Essex County Massachusetts Register of Deeds head is foaming mad that MERS has skated off with (in the event of at least one recordation past the initial filing of the mortgage) with $1.95-million dollars a year that rightfully belongs to Essex County. (more…)