Category Archives: mortgage note

Ever have questions about the Uniform Commercial Code as it relates to mortgage notes?

Hallmark Abstract Service Jericho, New York

A somewhat arcane topic I know, but if you happen to have an interest then this report may be for you! I received the report titled “Report of the permanent editorial board for the Uniform Commercial Code – Application of the Uniform Commercial Code to selected issues relating to mortgage notes” the other day from a law […]

MERS, foreclosures, the mortgage note, the New York State Appellate Court decision and another nail in the coffin!

Important update: The court case referenced in the article is Bank of New York, etc., respondent, v Stephen Silverberg, et al., appellants, et al., defendants. (Index No. 17464-08), 2010-00131, SUPREME COURT OF NEW YORK, APPELLATE DIVISION, SECOND DEPARTMENT, 2011 NY Slip Op 5002; 2011 N.Y. App. Div. LEXIS 4899, June 7, 2011, Decided. MERS : […]

Is MERS attempting to put the genie back into the bottle with yesterdays Announcement?

MERS – The Mortgage Electronic Registration System issues an Announcement that appears to be an attempt to put the genie back into the bottle Summary: MERS has told its members not to foreclose in its name on home loans, effective immediately. As a recap for those not closely following the issues surrounding MERS and foreclosures, […]