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Realtor Beats Foreclosure, Jeopardizes MERS in Oregon

Oregon appeals court rules against banks, MERS in non-judicial foreclosures

July 19, 2012

By BRENT HUNSBERGER The Oregonian - McClatchy-Tribune Information Services


The Oregon Court of Appeals struck a blow to the mortgage industry in Oregon today, ruling that its controversial document-registry system could not be used to skirt state recording law in out-of-court foreclosures.

This wire news service story is no longer available.

However a copy might still be available at www.oregonlive.com



REBECCA NIDAY, fka Rebecca Lewis, Plaintiff-Appellant, v. GMAC MORTGAGE, LLC, a foreign limited liability company; MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., a Delaware corporation; and EXECUTIVE TRUSTEE SERVICES, INC., a California corporation, Defendants-Respondents.

Case No. A147430, decided July 18, 2012 (Court of Appeals of Oregon).

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Copyright (c) 2010, The Oregonian, Portland, Ore.

Distributed by McClatchy-Tribune Information Services.

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This story was distributed by TNS - Tribune News Service
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