Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

The MERS (Mortgage Electronic Registration System)) would have more current information. Please explain why you do not believe it is the best option?

0
Posted

The MERS (Mortgage Electronic Registration System)) would have more current information. Please explain why you do not believe it is the best option?

0

Participation in this database is voluntary in the state of Florida and not all properties are listed. In addition, this is a service which is subject to the rules of procurement by the County because there may be other providers that track real estate transactions. Go to the top The Frequently Asked Questions sheet states that a lien will affect other properties that the lender may have; does this mean a lien upon a property on which the lender holds a mortgage, or does it mean a lien against a property that the lender owns? The Frequently Asked Questions sheet states that a lien may affect other property owned by the lender. This will depend on the attitude of title companies in closing with other properties owned by the lender. It would only affect properties that the lender owns.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123