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Real Estate & Property Law

: The Home Equity Theft Reporter

CEO Dimon: Chase Stops Using MERS

By r morris

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ABC News reports:JPMorgan Chase's CEO says the bank has stopped using the electronic mortgage tracking system used by major financial institutions. Lawyers have argued in court proceedings that the system is unable to accurately prove ownership of mortgages. JPMorgan Chase & Co. and other banks have suspended some foreclosures following allegations of paperwork problems in thousands of

Full post as published by The Home Equity Theft Reporter on October 13, 2010 (boomark / email).

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