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MERS the Target of Class-Action Suit in Minnesota 

Jan 25, 2008By

The issue of loan assignments in foreclosure is rearing its head. Again. A group of Hennepin County, Minnesota homeowners with subprime mortgages said today that they have filed a class-action lawsuit against MERS, accusing the registry system of “skipping legally-required steps” during the foreclosure process. Those steps? You guessed it: assignments.

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Updated 11 months ago