Real Property Law
Cal. Real. Prop. Journal 2014, Vol. 32, No. 1
Content
- 2013-2014 Executive Committee of the Real Property Law Section
- 2013 Legislative Highlights
- California Real Property Journal
- MCLE Self-Study Article: Ready or Not, the Revised Uniform Limited Liability Company Act Is Now the Law in California
- Message from the Chair
- Reader Alert: the Gatto Act (Ab 440): the Newest Tool in the Brownfields Toolbox
- Real Property Law Section Subsection Chairs and Standing Committee Chairs 2013-2014
- Table of Contents
- The Top Ten Real Property Cases of 2013
- Why Mers Litigation Is Not Working in California
Why MERS Litigation Is Not Working in California
By Kristy Hernandez and Kelly Resnick
©2014 All Rights Reserved.
Many homeowners who have suffered from foreclosure, or who are currently facing foreclosure, want their banks and other financial institutions to take greater responsibility for the financial crisis our country continues to face in the aftermath of the Great Recession of 2008 and the related crash in real estate prices. A common, and highly visible, villain has been Mortgage Electronic Registration Systems, Inc., commonly known as "MERS."1 Desperate homeowners have brought a glut of cases against MERS across the country with varying degrees of success. This article aims to discuss the recent history of MERS litigation in California, and outline alternative causes of action to the largely unsuccessful MERS claims.