2011-04-16mfi-miami.com

``John O'Brien, the Registrar started this fight last November when he sent a letter to Massachusetts AG Martha Coakley requesting an investigation to see if MERS had been bypassing Massachusetts filing fee requirements. Then, after a further investigation of public records in Essex County, he announced in February he was seeking $22 million in lost recording fees and taxes from unrecorded mortgage assignments that were tracked through the MERS system since 1998. He estimates the state of Massachusetts has lost nearly $200-$400 million dollars in lost recording fees over the past decade.''


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