MERS Finally Wins One…And of Course its California

Inquiring minds are on California where once again, you guessed it, The (Formerly) Golden State takes a left turn past the outfield and is now standing outside the stadium (once again). It is sad watching what was once an incredibe state implode under its Leftist/Progressive/Socialist agenda. It appears to have now affected anyone in any leadership role within the borders of the state. A San Diego judge has just ruled that MERS Corp can foreclose on homes in California!

Merscorp, operator of the electronic-registration system that contains about half of all U.S. home mortgages, has the right to foreclose on defaulted borrowers in California, a state appeals court ruled.

U.S. courts have differed in recent years on whether Merscorp’s Mortgage Electronic Registration Systems, or MERS, unit has the right to bring a foreclosure action.

“Under California law MERS may initiate a foreclosure as the nominee, or agent, of the noteholder,” California Court of Appeal Justice Joan K. Irion in San Diego wrote in a Feb. 18 ruling.

MERS was on quite a losing streak recently:

The F-Bomb
Man vs. Bank
Follow-up to Utah’s “Man vs. Bank”
“MERS Corp Lacks Right”, Says Judge

If there is a wrong answer somewhere in the world…then the state of California will find it. Just let the state implode. It will be easier to pick up the pieces then.


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