More News
- Page Two
- News Links
Anarchives
Radio/TV
- Declare Your Independence with Ernest Hancock
Letters To Editor
- List of Letters
- Write a Letter
Join Us
Marketplace
- Buy Stuff - Sell Stuff
- Store on CafePress.com
Special Editions
RSS Feeds
About Us
Log-In

Make a Comment • Email Link • Send Letter to Editor

IPFS News Link • Housing

Michigan Court Of Appeals Rules MERS Has No Authority To Foreclose

04-23-2011 • mfi-miami.com

The Michigan Court of Appeals handed down a ruling yesterday essentially saying MERS has no authority to foreclose in the state of Michigan The court combined two cases, Residential Funding Co, LLC, f/k/a Residential Funding Corporation v. Gerald Saurman and Bank of New York Trust Company v. Corey Messner. The court overruled both a district court ruling and circuit court ruling which found in favor of the plaintiffs in both cases. In their conclusion, the court commented, MERS did not own the indebtedness, own an interest in the indebtedness secured by the mortgage, or service the mortgage. MERS’ inability to comply with the statutory requirements rendered the foreclosure proceedings in both cases void ab initio.

Read Full Story

Reported By Jack Gregson

Make a Comment • Email Link • Send Letter to Editor