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:
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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