Thursday, February 24, 2011

California weighs in on MERS, not ready to slide into the ocean, just yet

On February 18, 2011, Judge Irion of the California Court of Appeal, in San Diego, issued a reported decision upholding MERS right to initiate foreclosures in California. The Gomes v. Countrywide decision is worth reading. What is remarkable are the reports about the case saying that the decision was issued only one day after oral argument.

This brief was in the can, before counsel stepped to the podium!

With California leading the nation in the volume of foreclosures, this is a real shot in the arm to the foreclosure bar.