Michigan Supremes Rule MERS Can Foreclose, Will Create A Nightmare For Foreclosure Mills

Say MERS Has Same Rights As Servicer   Steve Dibert, MFI-Miami The Michigan Supreme Court by a vote of 4-3 overturned a decision by the Michigan Court of Appeals in Residential Funding v. Saurman.  In April, the Court of Appeals ruled that MERS lacked the legal authority to foreclose on a home because the lacked […]

MERS Assignments

Michigan Judge Rules MERS Assignments Invalid

Michigan Judge Rules MERS Assignments Invalid In an interesting ruling that came down yesterday in Washtenaw County, a judge ruled MERS assignments to an Asset-Backed Security invalid because the originating lender, First Franklin and US Bank as the Trustee for Mortgage Loan Asset-Backed Certificate 2006 FF18 violated the terms of the Pooling and Servicing Agreements […]

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