Federal Court in Michigan Continues to Decline To Reconsider MERS-Related Foreclosures

-
By Michigan RealEstateRama -

Reston, VA – July 18, 2011 – (RealEstateRama) — Another ruling from the U.S. District Court in the Eastern District of Michigan Southern Division declined to reconsider a non-judicial foreclosure initiated by Mortgage Electronic Registration Systems, Inc. (MERS), as mortgagee, underscoring former borrowers’ lack of standing under Michigan law to challenge a foreclosure after the statutory redemption period has expired, further limiting the applicability of the Michigan Court of Appeals’ decision in Residential Funding v. Saurman/Bank of New York Trust v. Messner (“Saurman”).

RELATED ARTICLESMORE FROM AUTHOR

Previous articlePRESS CONFERENCE MONDAY, JULY 18, 2011 @ 11AM Gregory W. Meeks Urges Constituents at Risk of Foreclosure to Apply for the HUD Emergency Homeowners’ Loan Program Residents May Be Eligible For Loans Up To $50,000
Next articleBroker Arian Adorno makes finding Sobe homes a breeze for his clients with custom IDX solution