Perspective
Jul. 13, 2011
Managing the wave of wrongful foreclosure cases
Attacks on Mortgage Electronic Registration Systems Inc.'s standing to initiate foreclosures or assign interests end in California. By Rick Smith of Dykema Gossett LLP
One result of the foreclosure crisis over the past few years is a wave of "wrongful foreclosure" cases seeking to set aside or delay foreclosure proceedings on the applicable property. When Mortgage Electronic Registration Systems Inc. (MERS) has been involved in the proceedings, it often finds itself at the center of the challenge.
MERS is a national electronic registry that tracks the transfer of ownership interests and servic...
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