MERS decision issued by Court of Appeals on 4/21/11
Posted by
Angela Tripp
at
Apr 27, 2011 04:45 PM
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The Court of Appeals issued a decision (and a dissent) in the consolidated MERS cases on 4/21/11. "The sole question presented is whether MERS is an entity that qualifies under MCL 600.3204(1)(d) to foreclose by advertisement on the subject properties, or if it must instead seek to foreclose by judicial process. We hold that MERS does not meet the requirements of MCL 600.3204(1)(d) and therefore, may not foreclose by advertisement."
The full decision (and dissent) are available on the Court of Appeals website.
