U.S. court upholds dismissal of MERSCORP foreclosure suit

10000 foreclosure Tossed OUT - Maryland -  Supreme Court - Mass, MERS No Right to Foreclose The panel upheld the lower court’s dismissal of a Texas Deceptive trade practices act claim and state law claims of promissory estoppel and wrongful foreclosure. case number 12-41273 in the U.S..

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The ninth circuit court of Appeals on Wednesday upheld a decision by a district court that dismissed a borrower’s wrongful foreclosure claim against Mortgage Electronic Registration Systems, Inc. ( MERS ), according to an announcement from MERSCORP Holdings, Inc. The borrower in the case of Tung Q Lam, v.

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The foreclosure process in the United States has recently ground to a halt. Unfortunately, this delay has not been brought on by gains in the depressed U.S. housing market. Instead, a backlog of foreclosure filings has amassed, which stand to further delay the recovery of the real estate market.

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Court of Appeals Upholds Dismissal in MERS case merscorp holdings, Inc., announced that a three-judge panel of the United States Court of Appeals for the ninth circuit affirmed the dismissal of a.

In a statement, Wells Fargo said that it is eager to move past this lawsuit. “We are pleased with the appellate court’s very quick decision to uphold the district court’s thoughtful ruling and to.

PHILADELPHIA – Noting that the Federal Home Loan Mortgage Corp. (Freddie Mac) has the authority to remove a case in which it is named as a party to federal court, the Third Circuit U.S. Court of Appeals on May 15 found that a district court had jurisdiction over a borrower’s claims against lenders and affirmed the dismissal of the case (Kenneth J. Taggart v.

The Ninth Circuit Court of Appeals on Wednesday upheld a decision by a district court that dismissed a borrower’s wrongful foreclosure claim against Mortgage Electronic Registration Systems, Inc.

Three major banks and Virginia-based MERSCORP, Inc. and its subsidiary Mortgage Electronic Registrations Systems (MERS) were sued Friday by the state of New York. The suit. 24 the U.S. Court of.