LANDMARK DECISION PROMISES MASSIVE RELIEF FOR HOMEOWNERS AND TROUBLE FOR BANKS
A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure.
MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. That is the number of American mortgages currently reported
to be held by MERS. Over half of all new U.S. residential mortgage loans are
registered with MERS and recorded in its name. Holdings of the Kansas Supreme
Court are not binding on the rest of the country, but they are dicta of which
other courts take note; and the reasoning behind the decision is sound.
By: Ellen Brown
MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the holding is that if MERS has no standing to foreclose, then nobody has standing to foreclose – on 60 million mortgages. That is the number of American mortgages currently reported
to be held by MERS. Over half of all new U.S. residential mortgage loans are
registered with MERS and recorded in its name. Holdings of the Kansas Supreme
Court are not binding on the rest of the country, but they are dicta of which
other courts take note; and the reasoning behind the decision is sound.
Eliminating the “Straw Man” Shielding Lenders and Investors from Liability
More on Web of Debt.comBy: Ellen Brown
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
"Les prone, Thanks Buddy! "
"Less Prone as usual the official version of the truth does not match the evidence and is labeled…"
"Charlie Kirk was getting very critical against Israel and had turned down a lucrative deal from the…"
The Army of Government Launched Psychopaths
They walk among us in most college towns. They seem relatively reasonable until political…See More
"Have to sign in to YT for this. So. What I do is to go to https://ytdown.io/en/ and download…"
"cheeki kea, you are spot on. The old guard is about to collapse! "
"cheeki kea, the Japanese thought they could expand their empire and exact enough damage on the US…"
NEW DOCUMENTARY - Dissent Into Madness
TRANSCRIPT AND SOURCES: https://www.corbettreport.com/dissent-into-madness/What if the delusions of the dissidents are in fact real? What if their paranoid f...
"Japan served themselves up no favours by inching out into the South Pacific as they soon found out.…"
"Their plans did not work out because we are the news now, and the old news is the enemy. "
Alligator Creek and a Japanese Massacre
The year is 1942 just a few months after the Pearl Harbor disaster. Despite losses suffered by the…See More
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network