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Real Estate & Property Law

: The Home Equity Theft Reporter

MERS Scores Big Win As Minnesota High Court Says Sale Of Note Not An ?Assignment Of The Mortgage? Which Must Be Recorded Before Initiating Foreclosure

By r morris

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In St. Paul, Minnesota, the Star Tribune reports:Minnesota's Supreme Court on Thursday handed a small victory to the battered mortgage industry. In a 6-1 decision, the court ruled that state law does allow the name of a widely used electronic registry of home mortgages, Mortgage Electronic Registration Systems Inc. (MERS),(1) to be listed as the mortgagee of record in thousands of foreclosures. [

Full post as published by The Home Equity Theft Reporter on August 14, 2009 (boomark / email).

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