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Does the Mortgage Electronic Registration Systems ("MERS") Legally Work?. See Cal Com. Code 3109,3201,3203,3204. and Rickie Walker case attached below 4. MERS requires that the owner of the Note never claim MERS as a "Note-Owner". Does the Mortgage Electronic Registration Systems.
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At oral argument, appellants offered In re Walker (Bankr.E.D.Cal. May 20, 2010, No. 10-21656-E-11) 2010 Bankr.LEXIS 3781, to assert that MERS did not have authority to assign the mortgage without holding the promissory note. In that case, Walker obtained a loan from Bayrock Mortgage Corporation (Bayrock) to finance a real estate purchase.
This situation is called a "true default" because more than 30 days have passed since the petitioner (the spouse/partner that started the case) served the petition and summons, and: The respondent (the other spouse/partner) did not file a response (so he or she "defaulted"), AND; There is no written agreement.
Ripoff Report on: Mortgage Electronic Registration Systems, Inc. – Mortgage electronic registration systems inc mers list of fatal flaws in california internet. RICKIE WALKER, CASE NO. 10-21656-E-11, MERS registration in California is not retroactive until its complete for the following.
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The United States Bankruptcy Court for the Eastern District of California has issued a ruling dated May 20, 2010 in the matter of In Re: Walker,
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