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Real Estate & Property Law

: The Home Equity Theft Reporter

Include Arkansas Supreme Court On List Of Legal Authorities Having A Problem With MERS' Business Model

By r morris

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Attorney Kathleen E. Kraft, with the Washington, D.C. law firm Thompson Coburn LLP, writes:On March 19, 2009, the Supreme Court of Arkansas determined that Mortgage Electronic Registration Systems, Inc. (?MERS?) was not a necessary party to a foreclosure action involving the foreclosure of a junior mortgage, where MERS was not the true beneficiary of the senior deed of trust nor was specifically

Full post as published by The Home Equity Theft Reporter on October 01, 2009 (boomark / email).

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