MERS Victorious in Arizona Challenge

October 19, 2009

The financial crisis has brought a flood of lawsuits filed against mortgage lenders by borrowers facing imminent foreclosure. On Sept. 24, the U.S. District Court for the District of Arizona, dismissed all the federal and state law claims made by three borrowers in a complaint filed against a group of defendants that included their mortgage lenders and the Mortgage Electronic Registration System.

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