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Federal Court of Appeals finds for MERS, again

The Sixth Circuit Court of Appeals has just issued another decision in favor of MERS in the case of Margelis v. IndyMac FSB.

Justice League

Just days after the United States Sixth Circuit Court of Appeals handed a legal victory to MERSCORP Holdings, which saw its mortgage assignment authority challenged in Kentucky, MERS secured another win from the same court.

MERS, parent of the electronic mortgage registry with the same name, announced Monday that the United States Sixth Circuit Court of Appeals issued a ruling that upheld a dismissal by the United States District Court for the Western District of Michigan.

The ruling affirmed MERS’ authority to assign a mortgage.

In Margelis v. IndyMac FSB, the plaintiff challenged the assignment of her mortgage by MERS and the subsequent foreclosure.

Read on.

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