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Re: Lien

Posted by Rod Ciferri on August 01, 2011 at 8:36 PM

In Reply to: Re: Lien posted by Robert on August 01, 2011 at 11:42 AM

: Got it. You will need to get a bunch of properties and have renters in the property to fulfill on this plan or you will have to have some great info on screwed up loans. Just using MERS will not work.


Certainly rent will be collected throughout the months it takes to foreclose.

I'm not saying every judge will agree with me. But, I am saying I'm seeing the tides turn with the courts in California. It's a simple issue of proof. The courts were just agreeing with everything bank's counsel were saying. Now, they're starting to say, "hey, wait a minute. we don't allow this as proof in any other case."

That's a big problem for anyone foreclosing on a MERS deal.

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