A Clackamas County judge has ruled in favor of the Mortgage Electronic Registration System in a case that further muddies the waters of the state’s foreclosure crisis. MERS is an electronic system that enables lenders to more quickly package and sell mortgages by side-stepping the recording of transactions at county property offices.
The system hit a huge hurdle recently when a Columbia County judge blocked the eviction and foreclosure sale of a Vernonia woman because of MERS-related problems with her home’s title. The Oregonian first reported the story.
On Wednesday, Clackamas County Judge Roderick A. Boutin issued a ruling that seems in direct contradiction to the Columbia County ruling.
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