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Supreme Court Shoots Down 2nd Foreclosure Challenge
Think this is the nail in the coffin for further challenges to "noteless" mortgage foreclosures.
Supreme Court Declines to Review MERS Challenge
"The United States Supreme Court has denied a writ of certiorari in a case involving MERS, refusing to reconsider a California court ruling, which upheld MERS’ right to initiate foreclosures.
“Courts in California have ruled consistently that MERS’ legal standing as beneficiary gives MERS the authority under state law to take action on behalf of the owner of the note,” said Janis Smith, MERSCORP’s VP of corporate communications in a statement announcing the Supreme Court’s denial of the case."
The longer this drags on, the longer real estate will suffer. So this isn't a bad thing.
__________________ "No one walking this earth knows what is truly righteous"
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