ClientALERT Page 1 of 1 michigan supreme court upholds MERS Mortgage Foreclosures by Phillip J. DeRosier November 2011 In an opinion that will likely preserve the validity of hundreds, if not.

Therefore, the Court held, MERS was a valid beneficiary under the Texas Property Code and contract law, and the assignment from MERS to Assignee was valid.

Mortgage applications rise 1.4% even as government mortgages drop WASHINGTON, D.C. (January 27, 2015) – Mortgage applications increased 8.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 22, 2016. This week’s results include an adjustment to account for the Martin Luther King holiday.

In a recently issued opinion, the Connecticut Supreme Court upheld the constitutionality of a recording statute specifically targeted by the Connecticut legislature to impose higher recording fees on residential mortgage loans where MERS was listed as the nominee of record. The case, MERSCorp Holdings, Inc., et al.


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(Legal Newsline) — The Arizona Court of Appeals ruled last week that. He continued, "Tax lien purchasers and the taxing authorities should be aware of MERS’ right to notice as agent for the.

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As the Court of Appeals explained, "MERS was developed as a mechanism to provide for the faster and lower cost buying and selling of mortgage debt." Although the lender retains ownership of the loan (i.e., the "note"), MERS typically is designated as the mortgagee and given rights of foreclosure in the event of a default on the loan.

COUNCIL BLUFFS, Iowa (Legal Newsline) — In a ruling last month, an Iowa district court judge said MERS, the national mortgage registry, is entitled to receive a notice of the right to redeem.

Only Dallas County challenges the dismissal of the remaining claims raised on appeal. First, Dallas County contends that the district court erred by dismissing its fraudulent-lien claim. Texas Civil Practice and Remedies Code 12.002 authorizes statutory or actual damages for persons injured by fraudulent liens.

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Make sure a lien waiver is contingent on payment, either partial or final. Only waive liens through the date of the invoice, not through the date of the payment. Look for no lien clauses in your contract, and in the contract with the owner, if that contract is incorporated by reference.