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Real Estate & Property Law

: The Home Equity Theft Reporter

Kansas Supreme Court Leaves MERS, 2nd Mortgage Holder Holding The Bag; Says Neither Is Entitled To Notice Of Foreclosure Action By First Mortgagee

By r morris

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Housing Wire reports:A ruling by the Kansas Supreme Court determined Mortgage Electronic Registration Systems (MERS)(1) was not a ?necessary party? in a mortgage foreclosure proceeding initiated by a first lien holder. [...] The court?s ruling involves a case where MERS was listed as the mortgagee of a second-lien mortgage originated by Millenia Mortgage Corp. When the primary lien holder,

Full post as published by The Home Equity Theft Reporter on September 16, 2009 (boomark / email).

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