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MERS Causes More Problems in Michigan


Title companies in the state of Michigan are canceling foreclosure closing due to a Michigan Court of Appeals decision which makes it more difficult to insure the loans.  The reason for the Appeals decision was because the court decided that the MERS system is not allowed to "foreclose by advertisement in Michigan."  There are two homeowners in the area of Grandville and Jackson that have had their foreclosures put on hold due to the court decision.  This ruling could cause major issues with all the homeowners who have already been foreclosed on by the MERS system, or are in the process of being foreclosed on.