New CA Bankruptcy Order- Salazar v US Bank–Statutory Foreclosure Scheme Trumps MERS’ Proposed Alternative System

order br cally so dist salazar vs us bank denying mfrs mers 4 11 2011

The court held that the MERS System is not an alternative to statutory foreclosure law and a recorded assignment is necessary despite MERS’ role. “This Court instead joins the courts in other states that have rejected MERS’ offer of an alternative to the public recording system.”

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One thought on “New CA Bankruptcy Order- Salazar v US Bank–Statutory Foreclosure Scheme Trumps MERS’ Proposed Alternative System

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