ATLANTA (CN) - Mortgage Electronic Registration Systems claims William Davidson deceptively incorporated his Mortgage Electronic Registration Systems in Georgia, causing people to believe they had properly served the real MERS by sending notice to Davidson.
MERS seeks punitive damages on six counts, including bad faith, theft by deception, trespass/conversion, deceptive trade and trademark violations.
MERS claims Davidson incorporated his own MERS with a principal place of business at his home address in Lawrenceville, Ga.
The true MERS is a Delaware corporation developed by Fannie Mae and Freddie Mac which "serves as the mortgagee or beneficiary on more than 70 million mortgages, deeds of trust, and security deeds for properties across the country, more than 2.3 million of which are located in Georgia," according to the federal complaint.
MERS says Davidson incorporated his copycat business on March 10, 2011 in Georgia.
assignment-tm-2731-0198-1 w
No comments:
Post a Comment