Servicers Navigate the Post-Pandemic World 2 days ago January 29, 2016 3,553 Views in Daily Dose, Featured, Foreclosure, News MERS Emerges Triumphant Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / MERS Emerges Triumphant Tagged with: Foreclosure MERS MERSCORP Holdings Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Sign up for DS News Daily About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago The legal right of Mortgage Electronic Registration Systems (MERS) to act as mortgagee has been repeatedly challenged in the last few years, and MERS has repeatedly emerged victorious in court.The latest court decision in favor of MERS came this week from the New Hampshire State Supreme Court, which upheld a July 2015 decision that the language in a mortgage granted to MERS as the mortgagee as nominee for the lender and the lenders successors, and assigns evidences an agency relationship between the note holder and the assignee of a MERS mortgage, according to an announcement from MERSCORP Holdings, Inc.The borrower in the case of Castagnaro v. Bank of New York Mellon filed a wrongful foreclosure action, claiming that BNY Mellon lacked the authority to foreclosure non-judicially under New Hampshire state law without also proving that it was the holder of the borrower’s note. The trial court ruled in favor of BNY Mellon and the plaintiff appealed the case to the First Circuit court, which subsequently certified two questions to the New Hampshire State Supreme Court with regard to whether or not the state law requires that the party initiating the foreclosure must be the owner of both the note and the mortgage at the time the non-judicial foreclosure is brought about.The Supreme Court referred the First Circuit Court to its opinion in Bergeron v. N.Y. Community Bank, issued in July 2015, which involved answering similar questions on the law pertaining to foreclosure. Both cases involved mortgages creating an agency relationship between MERS and the noteholder and granted expressly to MERS (or whomever MERS assigns) “the power of sale and the right to foreclose and sell the mortgaged property,” according to the announcement.“We are pleased that the Supreme Court of New Hampshire consistently recognizes the plain language in the mortgage agreement signed by a borrower at closing establishes the lawful agency relationship between MERS and a lender and its successors,” MERSCORP Holdings Vice President for Corporate Communications Janis Smith said. “The New Hampshire Supreme Court ruling recognizes MERS’ authority to take action on behalf of the lender, including assigning the mortgage.”MERS won a number of court decisions just since the second half of 2015 in cases that challenged its right to act as mortgagee. In late September, MERS won similar decisions in Montana, Georgia, New York, and Texas. In Kentucky in early September 2015, the U.S. Sixth Circuit Court of Appeals denied an en banc rehearing of a case that held that recording statutes in the state do not required a recording in the land records when promissory notes are transferred. MERS has also had court victories in North Texas, Tennessee, and Pennsylvania since July. Related Articles Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days ago Foreclosure MERS MERSCORP Holdings 2016-01-29 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: GDP Growth Stalls; What’s Next? Next: Will Buy-to-Rent Strategy Continue Gaining Momentum in SFR Space? Subscribe
Tonight Show host Jimmy Fallon is no stranger to Neil Young. He regularly impersonates the guitar legend, even once going so far as to perform like Neil Young with Crosby, Stills & Nash. While Fallon has performed with Neil Young, as Neil Young, before, the two personalities got together on late night’s episode and reprised their doppelganger duet.This time, the two made up a new song called “Two Neil Youngs On A Stump,” where the duo sat on a rotating tree stump and sang their new song. Young was on the show to promote his recently-released live album EARTH.Watch the sketch from last night’s episode, below.
More from newsFor under $10m you can buy a luxurious home with a two-lane bowling alley5 Apr 2017Military and railway history come together on bush block24 Apr 2019Agents were finding some sellers prefer to just sell “as is”.While the suburb’s median price sits at $670,000 and that of four bedroom houses was at $800,900, some buyers have landed properties like 184 Bilsen Road for the $580,000 mark.The sellers paid $470,000 for the property just four years earlier, with the current land valuation at $445,000, according to CoreLogic records.Agent Jonathan Jessup of Johnson Real Estate Chermside had marketed the property as one that needed someone who could “add TLC”. The large four bedroom, two bathroom home, in the heart of Wavell Heights was on a 632sq m block.The pool pictured outside the French door required major work, the agent said. Ready for an update.“There were some major issues, some major repairs,” he said of the property which changed hands a week ago. “It had a swimming pool that needed either repairing or removing. It needed a substantial amount of money to renovate.”He said there were two offers on the house even with its repair bill and the home was one of several that had sold under similar conditions.“Certainly opportunities are still there but they are being snapped up,” he said. “The landscape is changing. There’s major change underway.”Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:18Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:18 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Could this be your anti-dream home?02:18 Related videos 02:18Could this be your anti-dream home?01:19Tips to create a modernist home00:55The ultimate indoor plant… build around a tree02:24The Reno after The Block…Julia’s dream home tour. 00:39Average house? Wait till you see the extension!09:04Lana’s Dream Home: Ep 2 184 Bilsen Road, Wavell Heights, Qld 4012. Picture: Realestate.com.auBRISBANE’S middle ring suburbs are seeing a surge in demand for fixer-uppers with some homes selling close to land value.Suburbs like Wavell Heights were seeing a massive surge in demand, with 960 visits per property listed on realestate.com.au from the suburb, compared to the Queensland average of 307 visits per property.The Bilsen Road property has its strong points.
by Tracy McCue, Sumner Newscow â€” With the kiddies back in school, itâ€™s about time to do something for you. How about a stopover at Barbara Jonâ€™s Fine Gifts and Decors in downtown Wellington?This week all totes, beach bags and sandals are 50 percent off.Â If you havenâ€™t been in the store lately there is a vast array of womenâ€™s clothing, childrenâ€™s clothing, and accessories. New items are coming in weekly. Karen Murray, store manager, brought in a fresh supply of merchandise from Dallas and Oklahoma City just this Monday morning.Barbara Jonâ€™s on 104 N. Washington is open 9 a.m. to 5:30 p.m. Monday, Tuesday, Wednesday and Fridays and 9 a.m. to 7 p.m. on Thursdays. They are open 9 a.m. to 4 p.m. on Saturdays.Check for the newest specials on their facebook page here.Call them at 620-326-6333.