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New York State Supreme Court Rejects Mortgage/Note "Splitting" Claim
MERS Prevails over Frequently Used Stalling Tactic Once Again FOR IMMEDIATE RELEASE CONTACT: Jason Lobo Phone: 703-652-1660 Email: jasonl@mersinc.org Reston, Virginia, February 12, 2013 -MERSCORP Holdings, Inc. today announced that Justice Arthur G. Pitts of the Supreme Court of the State of New York, Suffolk County, recently ruled in favor of Mortgage Electronic Registration Systems, Inc. (MERS) and other defendants, dismissing a one-count complaint alleging that MERS mortgage was unenforceable. In Ruiz v. MERS et al., Justice Pitts ruled that "various courts within this and other jurisdictions have interpreted the relationship of MERS and the lender as an agency relationship." The borrower alleged that because MERS as mortgagee did not own or hold her
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New York State Supreme Court Rejects Mortgage/Note "Splitting" Claim
MERS Prevails over Frequently Used Stalling Tactic Once Again FOR IMMEDIATE RELEASE CONTACT: Jason Lobo Phone: 703-652-1660 Email: jasonl@mersinc.org Reston, Virginia, February 12, 2013 -MERSCORP Holdings, Inc. today announced that Justice Arthur G. Pitts of the Supreme Court of the State of New York, Suffolk County, recently ruled in favor of Mortgage Electronic Registration Systems, Inc. (MERS) and other defendants, dismissing a one-count complaint alleging that MERS mortgage was unenforceable. In Ruiz v. MERS et al., Justice Pitts ruled that "various courts within this and other jurisdictions have interpreted the relationship of MERS and the lender as an agency relationship." The borrower alleged that because MERS as mortgagee did not own or hold her
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