Supreme Court Shoots Down 2nd Foreclosure Challenge

Discussion in 'Political Discussion' started by PatriotsReign, Oct 16, 2011.

  1. PatriotsReign

    PatriotsReign Hall of Fame Poster

    Jan 15, 2007
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    #18 Jersey

    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."

    Supreme Court Declines to Review MERS Challenge

    The longer this drags on, the longer real estate will suffer. So this isn't a bad thing.

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