REFinBlog

Editor: David Reiss
Cornell Law School

October 15, 2013

Southern District of California Holds that Production of Original Note is Not Required to Proceed with a Non-Judicial Foreclosure

By Ebube Okoli

The United States District Court for the Southern District of California in Putkkuri v. Recontrust Co., Case No. 08cv1919 WQH (AJB) (S.D.Cal. 2009) granted the defendants’ motion to dismiss. The plaintiff in this case demanded written proof of the defendants’ … Continue reading

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October 15, 2013 in MBS industry | Permalink | No Comments

October 3, 2013

Court Holds That Mortgagor Lacks Standing to Challenge the Propriety of Mortgage Assignments Under Rhode Island Law

By Ebube Okoli

The Rhode Island magistrate judge in Cosajay v. Mortgage Electronic Registration Systems, Inc., C.A. No. 10-442-M (D.R.I. June 23, 2011) issued “Reports and Recommendations,” holding that according to Rhode Island law a mortgagor “lacks standing to challenge the propriety of … Continue reading

Washington Court Rejects Plaintiff’s Claims That MERS’ Assignment was Fraudulent

By Ebube Okoli

The Washington court in Bain v. Metropolitan Mortgage Group, Inc., 2010WL891585 (W.D. Wash. Dist. Ct., March2010), rejected the plaintiff’s contentions that an assignment by MERS was executed fraudulently. The plaintiff based his claims around the execution of a mortgage assignment … Continue reading

Texas Court Plaintiff’s Challenges the Authority of MERS to Assign its Lien Interest to a Successive Party

By Ebube Okoli

The Texas court in Eskridge v. Federal Home Loan Mortg. Corp., No. 6:10-CV-285, (W.D. Tex., 2011) dismissed Plaintiff’s claims to challenges the authority of MERS to assign its lien interest to a successive party. The plaintiff unsuccessfully argued that she … Continue reading

Ohio Court Dismisses Plaintiff’s Claim That Defendant Lacked Standing to Foreclose

By Ebube Okoli

The Ohio court in Turner v. Lerner, Sampson & Rothfuss, 776 F.Supp.2d 498 (2011) granted in part and denied in part the defendant’s motion to dismiss. The plaintiffs alleged that defendant [Lerner] engaged in the widespread practice of filing and … Continue reading

September 27, 2013

United States District Court Dismisses Plaintiff’s Contentions Against MERS, Alleging Wrongful Foreclosure and Unfair Business Practices

By Ebube Okoli

The United States District Court for the Northern District of California in deciding Pantoja v. Countrywide Home Loans, et al. 5:09cv016015 (N.D. Cal., 2009) affirmed MERS’ authority to foreclose. MERS’ ability to foreclose was again affirmed in this case, contrary … Continue reading

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September 27, 2013 in MBS industry | Permalink | No Comments