MERS Foreclosure Upheld by California Courts

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Two different courts in California have upheld foreclosures by MERS corp.

The court ruled the statute cited by plaintiffs to prove an improper foreclosure applies only to mortgages, not deeds of trust, and other state laws give MERS authority to foreclose.

With the battles that have preceded these decisions, I would not expect that the issue will be soon resolved. And, it may, or may not have any impact on any Nevada laws.

Read the article: http://www.housingwire.com/2011/09/19/two-california-appellate-court-uphold-mers-foreclosures?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29

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