California bankruptcy court rules against MERS

New Mexico’s Attorney General will begin enforcing a new Rule which requires debt collectors doing business in New Mexico to (1) make a good faith effort to determine if collection of a debt is time-barred (meaning it is too late to sue for recovery of the debt in court) and (2) if it is time-barred, to so inform the debtor.

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Bankruptcy Judge rules against MERS but the decision was overturned. “Aside from the inappropriate reliance upon the statutory definition of “mortgagee,” MERS’s position that it can be both the mortgagee and an agent of the mortgagee is absurd, at best. – Judge Grossman, Federal Bankruptpcy Court The Court recognizes that an adverse ruling regarding MERS’s authority to assign mortgages or act on.

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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.

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Those holding claims against companies are asked to vote on proposed bankruptcy plans. Objecting to Honeywell’s request is the trustee of CFB’s trust and the Pittsburgh asbestos firm Goldberg, Persky.

On May 20, 2010, the Bankruptcy Court for the Eastern District of California followed several other courts in striking claims by lenders who are unable to prove that they are the actual holders or owners of the promissory note. Similar to the Kansas decision of Landmark National Bank v. Kesler, the walker court held that because Mortgage Electronic Registration System (MERS) claims no interest.

California judge rules mers can’t foreclose. This is the chance you’ve been waiting for.!!!!! If you want to save, keep or get your house back (if you’re in foreclosure, eviction, trustee sale or evicted from your home). Read about the entity that foreclosed millions homes in USA. MERS is FRAUD.

FHA plan to recapture once bankrupt borrowers gains fans The FHA limits the number of FHA loans borrowers may possess to reduce the chances of default, and because the program isn’t geared toward investors. For example, they don’t want one individual to purchase multiple investment properties all financed by the FHA, as it would put more risk on the agency.