Bain v. Metropolitan is set for hearing on March 15. This is an amicus from attorney Shawn Timothy Newman for Organization United for Reform (OUR) – Washington.
What a disaster! This ruling is absolutely hideous!
Ask these “VP’s” where MERS is located?
Who do they answer to?
Who is their superior in MERS?
How many meetings do they attend?
Are they paid employees?
What MERS branch do they work out of?
COMPLETE AND UTTER BULL SHIT!
Under the contract with MERS, they were appointed…
“CORRECTION “SELF” APPOINTED”
The instant motion for summary judgment concerns only one Defendant: Lender Processing Services (“LPS”). LPS “process[es] the necessary paperwork to pursue non-judicial foreclosure on behalf of its servicer and lender clients.” (Allen Decl. (Dkt. No. 74 at 1).) LPS had contracts with Defendants IndyMac Bank (now IndyMac Federal Bank) and Mortgage Electronic Registration Systems (“MERS”). Under the contract with MERS, LPS[3] employees were “appointed as assistant secretaries and vice presidents of [MERS]and, as such, are authorized to . . . execute any and all documents necessary to foreclose upon the property securing any mortgage loan registered on the MERS system
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