California judge rules MERS can’t foreclose. This is the chance you’ve been waiting for.!!!!! If you want to save, keep or get your house back (if you’re in foreclosure, eviction, trustee sale or evicted from your home). Read about the entity that foreclosed millions homes in USA. MERS is FRAUD.
REITs earn spotlight in the new year A loan in foreclosure: 492 days – and growing 492: The number of days since the average borrower in foreclosure last made a mortgage payment. Banks can’t foreclose fast enough to keep up with all the people defaulting on their mortgage loans.developed new ticketing procedures while working in the box office. She was a business analyst, a human resources officer, a.NAR: Pending home sales up 10.3% from last year 12/11/07 The National Association of Realtors said the pending U.S. home sales index was up 0.6% in October but down 18.4% YoY. A trade group for real-estate agents said the battered housing market is on the verge of stabilizing and raised its outlook for 2007 and 2008 home sales.
A side effect of the MERS system is that a transfer of an interest in a mortgage loan between two MERS members is unknown to those outside the MERS system." In the Gomes case the court said that California’s nonjudicial foreclosure rules, Civil Code sections 2924 through 2924k, are intended to be a one-stop-shop for how to exercise the.
· Home » Massachusetts bankruptcy judge, other courts validate MERS assignments.. other courts validate MERS assignments. July 8, 2011.. California bankruptcy court rules against MERS.
California Court Rules: MERS Can’t Foreclose, Citibank Can’t Collect Tweet "Any attempt to transfer the beneficial interest of a trust deed without ownership of the underlying note is VOID under California Law."
Federal Judge Rules: MERS Mortgage Transfers are Illegal. However, by the “Rooker-Feldman” doctrine (or res judicata), the US Bankruptcy Court is prohibited from “looking behind” the state court’s decision to determine the issue of legal standing. Hence, Judge Grossman ruled in the bank’s favor on that particular issue.
On May 20, 2010, the Bankruptcy Court for the Eastern District of California followed several other courts in striking claims by lenders who are unable to prove that they are the actual holders or owners of the promissory note. Similar to the Kansas decision of Landmark National Bank v. Kesler, the walker court held that because Mortgage Electronic Registration System (MERS) claims no interest.
Past Local Rules. The following General Orders remain in effect for the Bankruptcy Court in the Eastern District of California. The following general orders adopted Local Bankruptcy Rules or amended those rules. They are of historical importance in that they enact, amend, or rescind local rules.
Yet, the filing in U.S. Bankruptcy Court for the Southern District of New york shows. mispriced and artificially treated diamonds that are against Rare Carat’s rules." The Rare Carat stated that:.
Fannie Mae: Homeowner optimism soars to new highs NEW YORK (CNNMoney.com) — Mortgage applicants rejoice! Sunday’s federal takeover of Fannie Mae and Freddie Mac will likely translate into lower mortgage rates and greater availability of credit.
If Stockton gets Klein’s approval and can resolve its bankruptcy without slashing pensions, the impact of Klein’s ruling is blunted somewhat. But Klein won’t rule on the. take the city to court..