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Court Ruling Upholds Foreclosure Sale Despite MERS’ Appeal

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A New York state appeals court overturned a ruling in favor of the Mortgage Electronic Registration Systems, finding Bank of New York did not have standing to initiate a foreclosure. The June 7 decision, issued by the Supreme Court of the State Of New york appellate division, reversed the lower court’s ruling and granted the borrower’s.

Court rules Gardendale can’t form school system, finds racial motives; city to appeal – A federal appeals court ruled today that Gardendale can’t form its own school system and agreed with a judge’s finding that racial motives were involved in the attempt to split from the Jefferson.

MERS’ authority to assign mortgages has been upheld by courts across the country, despite repeated challenges by borrowers. Just in the past year, the Sixth Circuit Court of Appeals upheld MERS’ authority to assign a mortgage in. Citing the Fifth Circuit’s prior decision in Reinagel v.

The advantage of a Short Sale compared to a foreclosure is that you avoid having a “debt discharged due to foreclosure” on your credit file which can reduce your credit score by over 250 points and keep you from qualifying for a new home loan for up to 7 years. With a Short Sale you can qualify for a new home loan in just 24 months.

Massachusetts Court of Appeals upholds MERS rights. By Ben Lane | Housing Wire. Rules mortgage assignment was valid. MERSCORP’s rights as mortgagee have come under fire in many courtrooms throughout the U.S., but a decision from the Massachusetts Court of Appeals reinforces the company’s right to assign a mortgage.

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