Washington DC Attorney General: MERS Assignments Invalid in the District

Under Washington DC law, every transfer of an interest in a mortgage must be recorded within 30 days of said transfer taking place. MERS’ action of simply electronically recording those transfers does not fly under DC law and according to the DC Attorney General in his statement released here.

Further, any foreclosure based on a MERS transfer that did not comply with DC recording statutes is tantamount to fraud.

While this only affects homeowners in DC, it is another sign that the tide is definitely turning and the system is not going to continue to turn a blind eye to what is going on out there.

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