Relevant:
- Major appeals court decision leaves Oregon’s residential real estate market in limbo
- MERS Ruling in Michigan Leaves Title Companies Hesitant on REO Sales
- Legislature, Supreme Court face key foreclosure decisions in new year
- After Court Ruling, Legislation, Non-Judicial Foreclosures Stalled In Oregon
- GSEs Redoing 1,250 MERS Foreclosures in Michigan
2012-09-10 — oregonbusinessreport.com
The Legislature could step in to fix the issue by clarifying the definition of "beneficiary" to include a nominee of the lender, such as MERS. But is there political will to legislate a solution that, on the surface, seems to benefit lenders?
A practice that for many years roamed freely under the radar has suddenly exploded to the surface, leaving the mortgage industry in limbo. Quick answers to the numerous issues now pending are imperative to restore certainty to real estate markets.''
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