Many Michigan homeowners who had previously been foreclosed on by MERS (or, more formally, Mortgage Electronic Registration Systems, Inc.) had kept their hopes alive based on the recent Michigan Court of Appeals’ decision holding that MERS could not foreclose by advertisement in Michigan. That decision has now been reversed by the Michigan Supreme Court.
For a good summary of the decision, click on the link below:
Michigan MERS Foreclosure Case Reversed – MERS Wins
This MERS decision DOES NOT MEAN that every foreclosure in Michigan was legal. In fact, there are likely thousands of cases in Michigan where the lender did not properly foreclose. How can you tell? Just email me at[email protected] and ask for our Foreclosure Analyis Checklist. We can tell you in just a few minutes whether your foreclosure may have been illegal.
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Posted by Glenn Matecun, experienced Michigan Real Estate Attorney. Michigan lawyers with offices in Howell, Michigan (Livingston County) and Clinton Township, Michigan (Macomb County). Glenn Matecun is also an experienced attorney in the areas of estate planning, elder law, probate court, Veterans’ benefits and business law.