98489 — Landmark Nat'l Bank v. Kesler — Rosen — Kansas. – The relationship of MERS to the transaction is not subject to an easy description. One court has described MERS as follows: "MERS is a private corporation that administers the MERS System, a national electronic registry that tracks the transfer of ownership interests and servicing rights in mortgage loans.
Maine supreme court decision limits Scope of MERS’ Ability to Assign Mortgages. July 14, 2014. The full effect of the court’s decision in Greenleaf remains unknown, particularly to the extent that it does not discuss or identify the procedure for addressing or correcting similar MERS assignments in pending or prospective matters.
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"In Mruk, we held that "homeowners in Rhode Island have standing to challenge the assignment of mortgages on their homes to the extent necessary to contest the foreclosing entity’s authority to foreclose." Id. at 536.. MERS GETS SLAMMED IN SUPREME COURT DECISION .
News related to the Foreclosure crisis.. mers foreclosure issue headed to oregon supreme court:. and able to challenge a trial judge’s ruling in an appeals court when the situation calls for it, as the homeowner did in this case..
Law Center Supports Appeal to Supreme Court in MERSCORP Case. – The public interest law center recently prepared an amicus brief in a Commonwealth Court case brought by several counties and county recorders of deeds to challenge the MERS system. This follows a case in 2011 in which the Montgomery County recorder of deeds filed a class action lawsuit on behalf of herself and all other Pennsylvania recorders of deeds against Mortgage Electronic Recording.
RealtyTrac: 20% of foreclosures remain vacant after owner departs RealtyTrac released its Q3 2015 US Zombie Foreclosure and Vacant Property Report, which shows 20,050 US residential properties in the foreclosure process – but not yet repossessed by the foreclosing lender – were vacant "zombie" homes as of the end of the third quarter of 2015, down 27% from the previous quarter and down 43% from a year ago.
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VA Foreclosure Defense. Freddie, all the major banks) and actually applies the law of deeds of trusts and agency to MERS attempts to foreclose. major-oregon-supreme-court-ruling-undermines-mers-leaves-registry-room-challenge. Posted by
In a ruling the Oregon Supreme Court will soon review, the Oregon Court of Appeals on July 18 issued a major decision. The case, Niday v. Mortgage Electronic Registration Systems Inc., et al, held that MERS, when acting as a nominee for a named lender, is not a beneficiary under Oregon law. The practical effect.