Posts Tagged ‘Mortgage Electronic Registration System’

Bankers Hit Jackpot in Nevada, Supreme Court Rules 7-0… YES ON MERS

Written on 2 Oct, 2012 at 10:03

In Edelstein's case, MERS assigned the deed of trust to Bank of New York Mellon as trustee for Countrywide. The court ruled that once the trust had both the promissory note and the assignment, it possessed the standing to... (Continue reading)

New Bankruptcy Court Decision Sounds the Alarm – The USS MERS is Going Down

Written on 14 Feb, 2011 at 10:07

Now, clearly this is a decision that's worth reading for one's self... Judge Grossman is one heck of a writer and not one to play patty-cake with MERS or those of the banking persuasion, but I thought I'd at least... (Continue reading)

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California Court Rules: MERS Can’t Foreclose, Citibank Can’t Collect

Written on 16 Jul, 2010 at 3:39

This decision means that if a foreclosing party in California, that is not the original lender, claims that payment is due under the note, and that they have the right to foreclose on the basis of a MERS assignment, they're... (Continue reading)