MERSCORP announced that it had it's authority to assign mortgage following a ruling on Monday Oct, 5th.
For information on MERS, mortgage fruad lawsuits, visit our BCA Mortgage Fraud main website.
In Boyle vs. Bank of America, the homeowners sued Bank of America and MERS for fraud and wrongful foreclosure, claiming that the MERS deed of trust was invalid because MERS lacked any interest in the promissory note. The argument alleged that Bank of America could not foreclose because the assignment didn't have the right to foreclose. Three separate Federal Courts also upheld MERS rights.
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