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NY attorney general sues banks in 
foreclosure effort (access required)

MERS put homeowners at a disadvantage, he says

By The Associated Press
Published: February 7, 2012
Time posted: 11:33 am
New York’s attorney general on Friday accused some of the nation’s largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion.



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