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Tag Archives: Property Preservation

Los Angeles Adopts MERS System

As an alternative to its registry of foreclosed properties and property preservation contacts for vacant properties, the city of Los Angeles is adopting the MERS System, an electronic loan registry that acts as a nominee in county land records on behalf of lenders and servicers. MERS members can use the system to track both residential and commercial properties. Users tout the benefits of the technology as saving code enforcement officials and municipalities both time and money to ensure vacant properties are maintained.

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Talking in Codes

Continuing communication is key to navigating REO code compliance with suppliers, communities, and other related entities.

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