REFinBlog

Editor: David Reiss
Cornell Law School

November 13, 2013

Massachusetts Land Court Finds Defendant Was Not Entitled to Service Member Relief Act

By Ebube Okoli

The Massachusetts Land Court in deciding Suntrust Mortg., Inc. v. Forsberg, 2013 Mass. LCR LEXIS 159 (Mass. Land Ct. 2013) found that defendant (Alfred Forsberg) was not entitled to the protection of the Servicemembers Civil Relief Act, 50 U.S.C. §§ … Continue reading

Read More

November 13, 2013 in MBS industry | Permalink | No Comments

Michigan Court Finds Assignment From MERS to Bank of New York Was Valid

By Ebube Okoli

The United States District Court for the Western District of Michigan, Southern Division in Maslowski v. Mortg. Elec. Registration Sys., 2013 U.S. Dist. LEXIS 156299 (W.D. Mich. Sept. 26, 2013) granted defendants’ motion to dismiss. The crux of plaintiff’s claim … Continue reading

Read More

November 13, 2013 in MBS industry | Permalink | No Comments

Nevada District Court Holds that MERS Has Power to Start Foreclosure Action on Behalf of Lender

By Karume James

The federal district court of Nevada in Smith v. Community Lending, 773 F.Supp.2d 941 (D.N.V. 2011), held that MERS properly started a foreclosure action on behalf of the lender, Community Lending, Inc., because it found that MERS acted within the scope of … Continue reading

Read More

November 13, 2013 in MBS industry | Permalink | No Comments

Kansas Appellate Court Holds that MERS Does Not Have Standing to Initiate Foreclosure Against Homeowners

By Karume James

The Kansas state Court of Appeals in Mortgage Electronic Registration Systems, Inc. v. Graham, 44 Kan.App.2d 547 (KS Ct. App. 2010) held that MERS did not have standing to start a foreclosure action against two Kansas homeowners because the entity is … Continue reading

Read More

November 13, 2013 in MBS industry | Permalink | No Comments