MERS- Walker Case CA

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ClwtrBkAtty-Carol A. Lawson, Esq.: MERS- Walker Case CA – The United states bankruptcy court for the Eastern District of California has issued a ruling dated May 20, 2010 in the matter of In Re: Walker, Case No. 10-21656-E-11 which found that MERS could not, as a matter of law, have transferred the note to Citibank from the original lender, Bayrock Mortgage Corp.

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The United States Bankruptcy Court for the Eastern District of California has issued a ruling dated May 20, 2010 in the matter of In Re: Walker, Case No. 10-21656-E-11 which found that MERS could not, as a matter of law, have transferred the note to Citibank from the original lender, Bayrock Mortgage Corp.

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RICKIE WALKER CASE, see attached below Therefore, MERS definition of "Holding the Note" is not the legal equivalent of "Owning the Note"; California Civil code section 2924 for foreclosure only applies if MERS owned the note. The Second Fatal Flaw – MERS tracking system is not a legal chain of title and the debt may be uncollectible.

Everyone operates in good faith, then out of nowhere, someone shows up waving a piece of paper. The MERS system, while not explicitly named, is clearly the culprit of the chaos. 2009 In Re: Walker, Case No. 10-21656-E-11 – Eastern District of CA Bankruptcy court rules MERS has NO actionable interest in title.

The United States Bankruptcy Court for the Eastern District of California has issued a ruling dated May 20, 2010 in the matter of In Re: Walker, Case No. 10-21656-E-11 which found that MERS could not, as a matter of law, have transferred the note to Citibank from the original lender, Bayrock Mortgage Corp.