MA Supremes Court may toss certain MERS Mortgages

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Submitted by patb on January 6, 2011 - 7:20pm

http://www.bloomberg.com/news/2011-01-06...

victory for the homeowners may invalidate some foreclosures and force loan originators to buy back mortgages wrongly transferred into loan pools. Such a ruling may also be cited in other state courts handling litigation related to the foreclosure crisis.