Browsing All posts tagged under »MERS«

Kentucky Attorney General Sues MERS

April 3, 2013

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Attorney General Jack Conway filed a lawsuit in Franklin Circuit Court against MERSCORP Holdings, Inc., and its wholly owned subsidiary Mortgage Electronic Registration Systems, Inc. (MERS) for violations of Kentucky law. “This process undermines the integrity of Kentucky’s public land records,” Attorney General, Conway said. “Before the bottom fell out of the housing market, banks […]

MERS Gets Sued

March 27, 2013

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MERS Gets Sued MERS was a corporation that was key in messing up the title records for thousands of properties. ¬†Now at least one state Attorney General is suing them, and you can expect there will be others soon.   $uccess Without College Roadmap What is your roadmap for¬†success, or $uccess, without college degree? In […]

MERS Sued in Michigan Over Bad Foreclosures

May 11, 2011

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MERS has got a glimpse of it’s future, and it is ugly. A mulit-million dollar lawsuit has been filed against it for it’s non-judicial foreclosures in Michigan. This case will be watched closely, and if these plaintiffs win, expect similar cases to be brought in other jurisdictions. See article here.

CA Court Rules MERS has Standing to Foreclose

February 25, 2011

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A California Appeals Court ruled that MERS does have the right to foreclose on a property after all. This decision is in direct contrast to other decisions made by other courts in other states. The MERS issue is very recent in foreclosure defense law. The validity of the MERS business model has been under sustained […]

MERS Tells Banks To Stop Foreclosing in Their Names

February 21, 2011

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Recent court rulings to the effect that MERS does not have the power to assign or transfer mortgages is having its effect. MERS has just told its members to stop using it’s name in foreclosure filings. Would that be because it never had a law passed giving MERS the authority to foreclose on mortgages, as […]