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Financial Services Litigation Bulletin - Tax Lien Purchasers Must Give MERS Notice, Says Arizona Appeals Court

06/04/2013

Tax Lien Purchasers Must Give MERS Notice, Says Arizona Appeals Court

by Gregory J. Marshall and Andrew M. Jacobs

Recognizing MERS’s role in modern day mortgage lending, the Arizona Court of Appeals confirmed in Delo v. GMAC Mortgage, LLC that tax lien purchasers must notify MERS when identified in the Deed of Trust before foreclosing on real property. 

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