Court Ruling Upholds Foreclosure Sale Despite MERS’ Appeal

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Court Ruling Upholds Foreclosure Sale Despite MERS’ Appeal Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing.

The state Court of Appeals has upheld a Genesee Circuit Court ruling that allowed for the foreclosure sale of a multi-million dollar condominium development in Grand Blanc Township.

Massachusetts Court of Appeals upholds mers rights. the Court ruled that "despite [the noteholder’s] right to demand and obtain an assignment of the mortgage in order to enforce its security interest and collect the debt, MERS (as mortgagee) retained the right to assign the mortgage.

Bank of America halts foreclosures in all states Government shutdown costs continue to accumulate Health insurance coverage will continue, and premiums will accumulate during the shutdown, to be withheld from paychecks after the government reopens. life insurance coverage continues for up to a.’Bank of America, the country’s largest bank, said on Friday that it was halting all foreclosure proceedings and sales of foreclosed homes indefinitely.’ david Streitfeld, The New York Times Largest US Bank Halts Foreclosures in All StatesMortgage rates hit all-time lows (again) Today’s Rates: The current market is in a state of flux at the moment and mortgage rates either already have or are likely in the process of moving to ALL TIME LOWS. From 4.125% yesterday,

Breaking News (1.7.11): Mass. Supreme Court Upholds Ibanez Ruling, Thousands of Foreclosures Affected Click Here For Our Entire Series Of Post On the Ibanez Case. Update (2/25/10)-Mass. High Court May Take Ibanez Case Today, Massachusetts Land Court Judge keith long reaffirmed his controversial ruling made back in March 2009 that invalidated foreclosure proceedings involving two Springfield.

An unpublished opinion of the North Carolina Court of Appeals does not constitute controlling legal authority. Citation is disfavored, but may be permitted in accordance with the provisions of Rule 30(e)(3) of the North Carolina Rules of Appellate Procedure.

The trial court found in favor of the lender but the Appeals Court panel – citing the Supreme Judicial Court’s Ibanez decision (see related commentary here) – reversed, ruling that the evidence was insufficient to show that the lender was the "holder" of the mortgage (by assignment from MERS) at the time the foreclosure was noticed.

 · Can MERS Foreclose on Homeowners in California? A Court of Appeals Ruling Backs Non-Judicial Foreclosures. By ilyce glink updated on: April 26, 2011 / 4:46 PM / MoneyWatch

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MERS’ authority to assign mortgages has been upheld by courts across the country, despite repeated challenges by borrowers. Just in the past year, the Sixth Circuit Court of Appeals upheld MERS’ authority to assign a mortgage in. Citing the Fifth Circuit’s prior decision in Reinagel v.