“Plaintiff Mortgage Electronic Registration Systems, Inc.’s foreclosure action is DISMISSED for lack of standing. Accordingly, the Court’s Order, issued August 27, 2009, granting plaintiff’s Motion for Default Judgment against the defendants Frank and Ellen Johnston is VACATED. The dismissal of the foreclosure action is without prejudice as to allow the proper plaintiff to come forward.” […]

Tags: 3-205(b), 3-301, 3-308, 3-309, 3-418, bare legal title, BURDEN OF PROOF, HOLDER, indorsement in blank, MERS, nominee, proper plaintiff, standing, transferee, transferor
Posted in bubble, Corruption, Eviction, securities fraud |