California bankruptcy court rules against MERS

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.

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.

Chicago considers eminent domain to seize underwater mortgages El Monte is considering a novel and controversial plan to take over underwater mortgages using its eminent domain power — an idea highly unpopular among representatives of the financial industry.Home prices maintain upward trajectory While those three counties stood out, they weren’t the only ones where values continued their upward march. Single-family, resale homes sold for a median price of $750,000 in Alameda County – up.

Federal Judge Rules: MERS Mortgage Transfers are Illegal. However, by the "Rooker-Feldman" doctrine (or res judicata), the US Bankruptcy Court is prohibited from "looking behind" the state court’s decision to determine the issue of legal standing. Hence, Judge Grossman ruled in the bank’s favor on that particular issue.

In a 5-4 decision, the high court ruled that unions can’t collect fees from nonmembers to defray the costs of collective bargaining. Twenty-two states – including populous ones such as California..

Bank REO down 18% from one year ago Fitch Sees 60% of Current RMBS Borrowers Underwater David J. Stern launches legal battle against nation’s biggest mortgage servicers double Take: jpmorgan quietly raising $6 billion bankrate: loan Closing Costs Jump 36.6% Year-Over-Year Closing costs represent 2 to 5 percent of the loan value. This reduces the need for you to come up with more cash or incorporate it into the loan. Lenders also see this as the company is investing.The Finance 202: U.S., China look for weapons beyond tariffs to ramp up trade fight – China has lately reduced its holdings of United States government debt, and a growing number of financiers, economists and geopolitical analysts are quietly raising. $4.4 billion in equity funding.David J. Stern launches legal battle against nation's biggest. – David J. Stern launches legal battle against nation’s biggest mortgage servicers Foreclosure king no more, David J. Stern is fighting back against former clients whose business once elevated him to one of the richest and most well-known default services lawyers in the country.I. Defendants Sold RMBS Certificates on the Strength of Their.. 60 b. Defendants were Aware that Additional Loans met the Bank's Own.. See 12 U.S.C. 1833a;. incentive to work with a lender to bring the loan current and avoid. becomes especially strong, as the borrower is “underwater” and has.It all comes down to choices we all make, the better the decision the better off you will be. Good luck to you. RE: Is 6.9% a decent APR for an auto loan? If it’s relevant, the loan was for a new 2008 Toyota Prius that I got one year ago. It was my first auto loan and my credit score was just over 700.

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.

In a ruling over jurisdiction between PG&E and counterparties to the agreements, Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco said. in the aftermath of November’s Camp Fire,

CALIFORNIA BANKRUPTCY COURT HOLDS THAT MERS CANNOT TRANSFER NOTE FOR WANT OF OWNERSHIP; CITES BOYKO, LANDMARK (KANSAS), LAMY, AND VARGAS CASES. Kesler (Kansas decision as to lack of authority of MERS), LaSalle Bank v. Lamy (New York), and In Re Foreclosure Cases (the "Boyko" decision from Ohio Federal Court).

ADVERTISEMENT But Nichols, who has twice headed the California Air Resources Board (CARB) and more recently has led the state in its battle against. rule change will worsen California’s already.

Survey Finds Short Sales Outnumber REO in January Purchases Distressed property sales or foreclosures and bank assisted short sales represented nearly half or 46.8% of sales in January, according to the Campbell survey. It’s the 25 th month that troubled sales have been above 40%. RealtyTrac said 204,080 foreclosed homes were sold during the fourth quarter of the year.Austrian banker Kohn key to Madoff crimes That’s double what its current owner, Mike Kohn of the firm Alliance Private Capital Group, paid for the site in April 2013.Boosting the site’s value, according to a source, is a rezoning of the area.EXCLUSIVE: Freddie Mac settles with David J. Stern law firm Earlier this year, Florida foreclosure firm Law Offices of David J. Stern ceased processing home-seizure cases after Fannie Mae, Freddie Mac and home-loan servicers, including the largest U.S.