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12 Mar 2011, 7:39 am
Judge Robert Grossman acknowledged in a case called In re: Agard, that MERS may be involved with up to 50% of all home foreclosures nationwide, and that his decision may negatively affect the mortgage industry (i.e. accelerate its demise), but his decision required that the process comply with federal and state bankruptcy laws.Many MERS-held "notes" will either not materialize, or will not pass muster relative to the many networks of applicable legal standards.The Iowa Attorney… [read post]
8 Mar 2011, 6:20 am
Judge Robert Grossman acknowledged in a case called In re: Agard, that MERS may be involved with up to 50% of all home foreclosures nationwide, and that his decision may negatively affect the mortgage industry (i.e. accelerate its demise), but his decision required that the process comply with federal and state bankruptcy laws.Many MERS-held "notes" will either not materialize, or will not pass muster relative to the many networks of applicable legal standards.The Iowa Attorney… [read post]
5 Mar 2011, 1:22 pm
One Court Says: MERS Doesn't Deliver Clear Title In In re Agard, a bankruptcy judge analyzed MERS for the purpose of deciding whether a bank seeking foreclosure could prove that it owned the promissory note accompanying the mortgage -- a prerequisite in bankruptcy court when asking the court for permission to proceed with the foreclosure. [read post]
1 Mar 2011, 8:00 am
Sources: Another Way Banks Make Everyone Pay; The MERS Mortgage Mess DailyFinance.com, February 16, 2011 Merscorp Lacks Right to Transfer Mortgages, Judge Says Bloomberg.com, February 14, 2011 Register Wants to Take on Mortgage Giant Boston Business Journal, February 24, 2011 Agard Bankruptcy Case, February 2011 [read post]
17 Feb 2011, 5:38 am
In the case before the bankruptcy court, Ferrel Agard of Westport, N.Y. filed for Chapter 7 bankruptcy in September of 2010. [read post]
15 Feb 2011, 4:24 pm
See In re Agard, U.S. [read post]
15 Feb 2011, 12:57 pm
The case is In Re Agard (click here to download), and essentially throws a huge monkey wrench into a hugely important cog of the entire U.S. mortgage market, the Mortgage Electronic Registration System, Inc. known as MERS. [read post]
14 Feb 2011, 7:07 am
Agard, Debtor, Chapter 7 The Court: United States Bankruptcy Court, Eastern District of New York The Judge: The Honorable Robert E. [read post]
16 Nov 2010, 8:35 am
On YouTube, John Agard reads his poem, Listen Mr Oxford don. [read post]
20 Oct 2010, 1:46 pm
Agard, 529 U.S. 61, 67-68 (2000). [read post]
18 Jan 2008, 7:25 am
(Agard... [read post]
17 Jan 2008, 3:51 pm
(Agard v. [read post]
16 Aug 2007, 9:01 pm
Agard, 605 F.2d 665, 667 (2d Cir. 1979). [read post]
