California bankruptcy court rules against MERS

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The following PDF download contains the local rules for Arizona Bankruptcy including revisions made through May 14, 2012. Local Rules – Including Revisions through May 14, 2012; The following PDF download contains the Local rules governing chapter 13 practice in cases filed before October 17, 2005. Local Rules – Chapter 13

Bankruptcy is a legal process to help debtors (people who owe money) get relief from the debts they cannot pay and, at the same time, help creditors (people who are owed money) get paid from whatever property or assets the debtor has that he or she does not need to live.

Local Bankruptcy Rules Forms. Lessor’s Certification of (1) Prepetition Eviction Action Seeking Possession of Residential Property Based on Debtor’s Prepetition Endangerment of Property or Illegal Use of a Controlled Substance, or (2) Endangerment of the Property or Illegal Use of a C.

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Pro Quality foreclosure video case brief by Attorney Steve  · To file bankruptcy in California, first you’ll need to complete an approved credit counseling course within 180 days before filing your case. Then, once you’ve obtained your certificate, you can file for bankruptcy. Keep in mind that there are 4 categories of bankruptcy.

But some courts have rejected the notion that MERS has the legal authority to assign title to a particular party in the first place. A court can decide MERS has no “standing,” meaning that the court does not recognize its right to initiate foreclosure since MERS does not have any financial interest in either the property or the promissory note.

Bankruptcy Judge rules against MERS but the decision was overturned. "Aside from the inappropriate reliance upon the statutory definition of "mortgagee," MERS’s position that it can be both the mortgagee and an agent of the mortgagee is absurd, at best. – Judge Grossman, Federal Bankruptpcy Court The Court recognizes that an adverse ruling regarding MERS’s authority to assign mortgages or act on behalf of its [.]

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California Bankruptcy Exemption System 2 (703 Exemptions) California’s System 2 (also known as § 703.140(b) exemptions) only applies in bankruptcy (they can’t be used to protect your property against creditors outside of bankruptcy).

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voted to proceed with a lawsuit against a mortgage giant linked. "We have played by the rules all of our lives," she said. "This process simply isn’t fair." Jason Lobo, MERS’ corporate.