Municipalities and States Adopt MERS® System to Ease Foreclosure, Vacant Property Registration

RESTON, Va. – August 24, 2010 – (RealEstateRama) — This month, the City of Los Angeles joined the Commonwealths of Virginia and Massachusetts, and the State of Connecticut, in accepting the MERS® System as an alternative to the City’s registry of foreclosed properties and property preservation contacts for vacant properties.