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Ballard Spahr LLP: MERS Has Power To Assign Interest in Deed of Trust, California Appeals Court Rules

By members of the Consumer Financial Services Group The California Court of Appeal has ruled that the Mortgage Electronic Registration Systems, Inc., or MERS, has the power, as nominee beneficiary, to assign its interest under a deed of trust. In its May 17, 2012, opinion in Herrera v. Federal...

BuckleySandler LLP: Arizona Supreme Court Holds Beneficiary Does Not Have to Prove Right to Foreclose

Excerpted from Infobytes , a weekly electronic newsletter on developments in financial services law from BuckleySandler LLP . For the full issue of Infobytes , click here: http://www.buckleysandler.com/infobyte-detail/infobytes-June-1-2012 On May 18, the Arizona Supreme Court held that the beneficiary...