Major Oregon Supreme Court ruling undermines MERS, but leaves registry room to challenge

Home Major Oregon Supreme Court ruling undermines MERS, but leaves registry room to challenge.. MERS said the court "held that Oregon’s nonjudicial foreclosure statute ‘does not require.

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In a ruling the Oregon Supreme Court will soon review, the Oregon Court of Appeals on July 18 issued a major decision.The case, Niday v. Mortgage electronic registration systems Inc., et al, held that MERS, when acting as a nominee for a named lender, is not a beneficiary under Oregon law. The practical effect of the holding is that any trust deed naming MERS the beneficiary may not be.

Oregon Supreme Court Decisions 2017. The opinions published on Justia State Caselaw are sourced from individual state court sites.These court opinions may not be the official published versions, and you should check your local court rules before citing to them.

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"In Mruk, we held that "homeowners in Rhode Island have standing to challenge the assignment of mortgages on their homes to the extent necessary to contest the foreclosing entity’s authority to foreclose." Id. at 536.. MERS GETS SLAMMED IN SUPREME COURT DECISION .

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