Michigan Court Of Appeals Rules MERS Has No Authority To Foreclose

``The court overruled both a district court ruling and circuit court ruling which found in favor of the plaintiffs in both cases. In their conclusion, the court commented: "MERS did not own the indebtedness, own an interest in the indebtedness secured by the mortgage, or service the mortgage. MERS' inability to comply with the statutory requirements rendered the foreclosure proceedings in both cases void ab initio."''