Mortgage Electronic Registration Systems, Inc. v. Saunders

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that MERS lacked standing to initiate judicial- foreclosure action, even though' -the DOT gave, MERS the right to foreclose on the, mortgage as the “mortgagee of record”
• holding that MERS cannot foreclose because it is not a mortgagee under applicable law, and it lacks standing to sue because it does not have an independent interest in the loan; MERS functions solely as a nominee
• finding that the wrong party’s prosecution of a case is an understandable mistake when the Law Court has not previously addressed the party’s standing to foreclose
• “MERS’s only right is to record the mortgage. Its designation as the ‘mortgagee of record’ in the document does not change or expand that right ... ”

Source: CourtListener parenthetical corpus (CC0).