[quote=Eugene]
MERS is “a mortgagee of record as nominee” for the real noteholder.
[/quote]
I’ve seen that “nominee” designation in quite a few cases. And I’ve seen some court decisions that refuse to acknowledge that the “nominee” has any standing to prosecute a foreclosure. But this isn’t that kind of standing case. I can’t find any actual pleadings posted anywhere on these particular cases which refer to the actual recorded documents. But the article pretty clearly states that in these cases that MERS was not listed as the beneficiary, only that MERS was “another entity listed on the trust deed”. I’m not sure what that means. Trustee? (I don’t think so.) Trustor? Maybe. But apparently in these recorded documents, not the beneficiary.
