The Washington State Supreme Court, in a unanimous decision, declared MERS may not foreclose on properties. The ruling does not mean people who have MERS notes don’t have to pay, it clarifies that in WA state, only the note holder may foreclose on a property. This is very good news for homeowners.
It also affects people who wish to make a claim of wrongful foreclosure. Use the contact page (navigation menu at the top) if you would like a referral to an attorney group already deep in the pursuit of justice for homeowners.
One other thing which will happen, at least in the short term — housing prices will continue to rise as the inventory of foreclosures takes another temporary hit. If you’re a seller, that’s good news.