California bankruptcy court rules against MERS

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In Re: Walker, Case No. 10-21656-E-11 – Eastern District of CA Bankruptcy court rules MERS has NO actionable interest in title. "Any attempt to transfer the beneficial interest of a trust deed without ownership of the underlying note is void under California law." "MERS could not, as a matter of law, have transferred the note to.

California Court Rules: MERS Can’t Foreclose, Citibank Can’t Collect Tweet "Any attempt to transfer the beneficial interest of a trust deed without ownership of the underlying note is VOID under California Law."

Local Bankruptcy Rules Forms. Lessor’s Certification of (1) Prepetition Eviction action seeking possession of Residential Property Based on Debtor’s Prepetition Endangerment of Property or Illegal Use of a Controlled Substance, or (2) Endangerment of the Property or Illegal Use of a C.

A. The Court Lacks Subject Matter Jurisdiction to Rule on the Claim against Faber, but May Have Jurisdiction to Rule on the Claim against MERS. Pursuant to 28 U.S.C. 1334(b), the Court has jurisdiction over an adversary proceeding (1) arising under the Bankruptcy Code, (2) arising in or (3) related to a case brought under the Bankruptcy Code.

The Borrower Bailout Fallacy: Why PIMCO’s Bill Gross is Flat-Out Wrong Bill Murphy posted a letter from Dan Norcini at his Le Metropole site today that analyzes Alan’s recent barrage of commentary (in part): "One has got to hand it Sir Alan – he has become amazingly adept at speaking in such a manner that anyone listening can hear exactly what he or she wants to hear.Widespread principal reductions could save taxpayers $2.8 billion Linda Lye (CA SBN 215584) llye@aclunc.org. 16 growth and have recommended that the government implement a program of widespread 17 mortgage principal reduction. Such a program would bring the amount of debt owed by. 22 could save taxpayers .8 billion. While both homeowners and taxpayers.

Suing Mortgage Servicers.mov On May 20, 2010, the Bankruptcy Court for the Eastern District of California followed. Since MERS only has an interest in the deed of trust, it lacks the power or standing. These findings were laid out in the Court's tentative ruling, but are not.

Calif. appeals court upholds dismissal of MERS wrongful foreclosure suit. The Court of Appeal of the State of California Second Appellate District affirmed a trial court’s order dismissing a wrongful foreclosure lawsuit against MERSCORP Holdings. In Matlock v. J.P. Morgan Chase Bank, N.A., et al.

RealtyTrac: Foreclosure filings near 5-year low U.S. Foreclosure Filings Hit 5-Year Low In September. Irvine, Calif.-based RealtyTrac reported. Foreclosure starts since peaked in April 2009 at around 203,000. But the current level is still.