[quote=patb]does anyone see this as important?[/quote]
Potentially. But I find it hard to believe that the courts will simply allow the voiding of tens of thousands of mortgages. I think the decision to use MERS was made in good faith, though that certainly doesn’t make it a decision that is supported by law. It does kind of follow some other court decisions finding that MERS has a standing problem. It’s a mess. I am curious whether there are states with similar laws that will follow. It is important.
It wouldn’t, by the way, void the notes, only the security interests, converting the secured notes into unsecured notes. It would stop ordinary foreclosures and probably lead to more bankruptcies. I wonder what the DC homesteading laws are like.