Search for: "Mortgage Electronic Recording Systems (MERS)"
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8 Mar 2011, 6:20 am
”In 2010, the Arkansas Supreme Court ruled that MERS (Mortgage Electronic Registration Systems) Corporation was prohibited from filing foreclosures in that state.A federal bankruptcy judge in Long Island ruled just last week that MERS could not act as the “agent” of the mortgage note owner. [read post]
12 Mar 2011, 7:39 am
”In 2010, the Arkansas Supreme Court ruled that MERS (Mortgage Electronic Registration Systems) Corporation was prohibited from filing foreclosures in that state.A federal bankruptcy judge in Long Island ruled just last week that MERS could not act as the “agent” of the mortgage note owner. [read post]
24 Aug 2012, 9:21 am
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. [read post]
25 Jul 2011, 4:56 pm
Instead of having a clear chain of title from owner to owner to owner, the necessary written documents (assignments of mortgage) were replaced with an electronic system under the control of the very banking system that would profit from avoiding written conveyances. [read post]
24 Apr 2015, 7:02 am
It found that the assignment to Mortgage Electronic Registration Systems (MERS) was both valid and legally conveyed, and that it had a proper interest in because it held the record legal title interest in the mortgage when it executed the subsequent assignment. [read post]
24 Jun 2011, 10:31 am
As Miami Foreclosure Lawyer Blog has previously pointed out, MERS -- Mortgage Electronic Recording System -- is a flawed system devised by the residential mortgage industry to track purchases and sales of homes. [read post]
24 Nov 2010, 3:07 am
The main focus of this increased lobbying effort in Washington is Mortgage Electronic Registration Systems (MERS). [read post]
28 Sep 2009, 8:58 pm
“MERS” — The Mortgage Electronic Registration System We are all used the standard recording process whereby deeds and mortgages are recorded with the county clerk. [read post]
25 Jun 2012, 7:59 am
Federal National Mortgage Association (2012) 205 Cal.App.4th 1495, the California Court of Appeal joined other courts in rejecting the plaintiffs’ attempt to avoid their mortgage obligations on the grounds that Mortgage Electronic Registration Systems (MERS) is a sham. [read post]
15 Feb 2012, 12:35 pm
Banker and Tradesman is reporting that Bristol, Plymouth and Norfolk County Registrars of Deeds plan to file a class action suit against Mortgage Electronic Registration System (MERS), aiming to recoup land recording fees they believe they are owed. [read post]
16 Mar 2011, 9:13 am
As we reported recently on our Miami Foreclosure Lawyer Blog, MERS is the electronic mortgage tracking system, which was instituted so that banks and mortgage companies could package and sell mortgages as Wall Street investments. [read post]
13 Jun 2011, 9:38 am
MERS was intended to 'streamline the mortgage process by using electronic commerce to eliminate paper.' MERS's implementation followed the delays occasioned by local recording offices, which were at times slow in recording instruments because of complex local regulations and database systems that had become voluminous and increasingly difficult to search (see Peterson, Foreclosure, Subprime Mortgage Lending,… [read post]
22 Feb 2011, 11:32 am
Many home lenders use an entity called Mortgage Electronic Registration Systems, Inc., or “MERS” as a nominal party in loan transactions to facilitate an electronic central registry of note holders and servicers. [read post]
19 Mar 2013, 8:24 am
Mortgage Electronic Registration Systems, Inc. [read post]
24 Feb 2012, 1:00 am
SPS filed a motion for relief from automatic stay and the debtor objected on the grounds that the Mortgage Electronic Registration System (MERS) could not establish that it held an enforceable right against the property as MERS had no valid and enforceable interest in the mortgage. [read post]
6 Mar 2011, 12:43 pm
Image via Wikipedia By MICHAEL POWELL and GRETCHEN MORGENSON Published: March 5, 2011 “…Judges, lawmakers, lawyers and housing experts are raising piercing questions about MERS, which stands forMortgage Electronic Registration Systems, whose private mortgage registry has all but replaced the nation’s public land ownership records. [read post]
19 Nov 2013, 3:15 pm
The only satisfied party is the suit’s defendant, Mortgage Electronic Registration System. [read post]
3 Sep 2012, 10:08 pm
The Washington State Supreme Court ruled that the nations largest Mortgage Electronic Registration System, MERS, cannot foreclose on a borrowers home by itself. [read post]
16 Nov 2010, 7:43 am
MERS, short for Mortgage Electronic Registration Systems, was created as a way to save money on mortgage recording fees and pass those savings onto homeowners. [read post]
25 May 2010, 3:32 pm
They were often working with Mortgage Electronic Registration Systems, Inc., or MERS, a company created to keep track of mortgages and deeds of trust, which are frequently bought and sold. [read post]
