Fixing the Mortgage Mess: The Game-changing Implications of Bain v. MERS

Two landmark developments on August 16^th give momentum to the growing interest of cities and counties in addressing the mortgage crisis using eminent domain:

(1) The Washington State Supreme Court held in Bain v. MERS, et al., that an electronic database called Mortgage Electronic Registration Systems (MERS) is not a "beneficiary" entitled to for

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