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120906 - Central Mortgage Co v McClelland NY MERS Standing

120906 - Central Mortgage Co v McClelland NY MERS Standing

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Published by Mike_Dillon
But in this case the purported physical transfer was accomplished by MERS as nominee, who by contractual definition had no interest in the note. This court recognizes the authority of Quicken Loans to physically transfer the mortgage and note to the plaintiff. However, Ms. Swayze is not an employee of Quicken Loans, nor does she state that she was employed by Central Mortgage Company on the date of the alleged transfer. Additionally, she does not enumerate which records kept by Central Mortgage Company she reviewed to aver that Central Mortgage Company took physical possession of the mortgage and note on May 1, 2007.

Furthermore, Ms. Swayze’s affidavit makes no reference as to how MERS obtained the physical note, nor does she reference when, if ever, Quicken Loans granted MERS any authority of the note it held in connection with the mortgage on 230 Natick Street, Staten Island, New York in order to effectuate the purported physical transfer of the mortgage and note.
But in this case the purported physical transfer was accomplished by MERS as nominee, who by contractual definition had no interest in the note. This court recognizes the authority of Quicken Loans to physically transfer the mortgage and note to the plaintiff. However, Ms. Swayze is not an employee of Quicken Loans, nor does she state that she was employed by Central Mortgage Company on the date of the alleged transfer. Additionally, she does not enumerate which records kept by Central Mortgage Company she reviewed to aver that Central Mortgage Company took physical possession of the mortgage and note on May 1, 2007.

Furthermore, Ms. Swayze’s affidavit makes no reference as to how MERS obtained the physical note, nor does she reference when, if ever, Quicken Loans granted MERS any authority of the note it held in connection with the mortgage on 230 Natick Street, Staten Island, New York in order to effectuate the purported physical transfer of the mortgage and note.

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Published by: Mike_Dillon on Sep 28, 2012
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11/29/2012

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