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MERS was produced only to simplify the process of transferring home loans by steering clear of the necessity to re-report liens – and spend county recorder filing expenses – every time a financial loan is assigned. Instead, servicer’s record financial loans only once and MERS’ electronic process monitors transfers and facilitates the investing of notes.
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on the promissory Observe secured from the mortgage loan and it has no rights to find more your payments produced by the debtor on these promissory Take note.
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