A contract to commit an illegal activity is void or unenforceable. Here a county in Oregon sued the big banks and MERS and then accepted a few million dollars in exchange for saying that they would accept MERS recordings. This by-passes the Oregon legislature which determines what documents can be recorded and how they must be recorded. This county is putting its own stamp of approval on fraudulent documents. No county is authorized to make policy decisions like that.
Once again the banks have purchased government action and inaction.
Filed under: foreclosure |