2009-09-22opednews.com

"A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. "


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Comments:

tvsterling at 08:29 2009-09-22 said:
Finally the courts are making some small moves to take away the monstrous advantages the rich & powerful have developed ILLEGALLY over the average citizen. This is not the first time. The Guilded Age was also based on gross violations of human rights veiled by obscure legal arguments. We can only hope it's not too late. Permalink
bmoran at 12:44 2009-09-22 said:
Yes , the rich have been soaking the poor since the beginning of time LOL

I wonder who will give the poor there loans when the rich are done Permalink

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