What Is Mortgage Electronic Registration System, Inc.? Nolo

Other states have determined that foreclosures cases may continue in the name of MERS. The Supreme Court of Minnesota, for example, decided that MERS does have status to foreclose in that state. Also, in a case in Nevada, a house owner’s legal professional argued that having MERS as a mortgagee was a fatal flaw in the loan system. He claimed that when a loan has various note holder and loan holder, it is permanently flawed and will not be foreclosed.

But the Nevada Supreme Court disagreed, and ruled that mortgages regarding MERS can be foreclosed after being assigned back to the lender. The assistance provided on this site is not legal advice, doesn’t constitute a lawyer referral carrier, and no lawyer client or exclusive courting is or might be formed by use of the site. The lawyer listings in this site are paid lawyer ads. In some states, the information in this online page may be considered a lawyer referral carrier. Please reference the Terms of Use and the Supplemental Terms for specific information associated with your state.

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