California Bankruptcy Court rules foreclosure not valid because the assignment of deed of trust was not recorded in public records. MERS system of transferring interests does not allow circumventing California law, which requires assignments to be recorded.
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Bankruptcy Updates, Residential Real Estate Updates
Federal, 9th Circuit, California |
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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