Identify Large Monies to be Gained or Lost, See 'Lender's' Position Close Behind


Manage episode 288973655 series 2453550
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We break down on the Show today the latest from MERS. Now before the 9th Circuit Court of Appeals, to try and reverse a quiet title judgment taken in State Court against Central Pacific Mortgage (CPM), claiming since CPM, the original lender, past shortly after origination all beneficial interest in the note and mortgage (DOT--Cal is a deed of trust state) to MERS, the fact that MERS was not noticed in the lawsuit at the State level which went to judgment, same judgment is reversible, arguing that MERS was the only beneficial interest holder in the chain of title--not just an intermediary passing the beneficial interest to other successors-in-interest to the loan origination. Which is to say, where large pools of money are at stake, institutional players to a given mortgage loan's chain of title, will indeed engage in legal Jujutsu to get or prevent the loss of that money, contradiciting their typical arguments which were made in countless previous cases. Then Charles Marshall will address the latest Covid-19 legal impacts, covering the latest on both the national foreclosure moratorium and eviction front, as well as the latest in California's moratorium landscape.

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