Posted by Art_PA on 9/27/09 3:34pm
Msg #305281

MERS - Important Court Decision

The Kansas Supreme Court ruled that MERS was not a necessary party which had to be notified in a foreclosure. You can read the decision at: http://www.kscourts.org/Cases-and-Opinions/opinions/supct/2009/20090828/98489.htm.

The court observed the MERS had taken a position in a Nebraska case that it had no interest in a mortgage, and that it only provided a service.

You can google "Kesler" and "Landmark National Bank" to find the Kansas Supreme Court decision and related articles.

Reply by MrEd_Ca on 9/27/09 7:23pm
Msg #305316

Re: MERS Decision -& NY Times article ...

... Here is a link to a NY Times article on the decision & what it means:
http://www.nytimes.com/2009/09/27/business/27gret.html?_r=1&ref=business .

Reply by JanetK_CA on 9/29/09 9:42pm
Msg #305652

Interesting! Appears it could have significant impact. n/m