KABOOM | NY Appellate Division | Bank of NY v Silverberg - MERS Does NOT Have The Right to Foreclose on a Mortgage in Default or Assign That Right to Anyone Else
Posted by: 4closureFraud
Post date: 06/13/2011 - 13:04
"This Court is mindful of the impact that this decision may have on the mortgage industry in New York, and perhaps the nation... Nonetheless, the law must not yield to expediency and the convenience of lending institutions. Proper procedures must be followed to ensure the reliability of the chain of ownership, to secure the dependable transfer of property, and to assure the enforcement of the rules that govern real property." http://www.zerohedge.com/article/kaboom-ny-appellate-division-bank-ny-v-silverberg-mers-does-not-have-right-foreclose-mortgag
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