3Jeffrey A. Myers, Bowles Fernández Law LLC, Lake Oswego, argued the causefor plaintiffs. With him on the briefs were Jeffrey A. Myers, John Bowles, and Rick Fernández.Gregory A. Chaimov, Davis Wright Tremaine LLP, Portland argued the cause for defendant Mortgage Electronic Registration Systems, Inc. With him on the brief wereKevin H. Kono, Frederick B. Burnside, and P. Andrew McStay, Jr., Davis WrightTremaine LLP, Portland.Thomas M. Hefferon, Goodwin Proctor LLP, Washington DC, argued the causefor defendants ReconTrust Company, N.A.; Bank of America, N.A.; The Bank of NewYork Mellon; and Deutsche Bank National Trust Company. With him on the brief wereSteven A. Ellis, Washington DC, and Thomas W. Sondag, Pilar C. French, and Peter D.Hawkes, Lane Powell PC, Portland.Rolf C. Moan, Assistant Attorney General, Ellen F. Rosenblum, Attorney General,and Anna M. Joyce, Solicitor General, filed a brief on behalf of
State of Oregon. Nanina D. Takla, Law Office of Phil Goldsmith, Portland, filed a brief on behalf of
Oregon Trial Lawyers Association.Sara Kobak, W. Michael Gillette, and Jordan Silk, Schwabe, Williamson & Wyatt,PC, Portland, filed a brief on behalf of
Oregon Land Title Association.Thomas W. Brown, Thomas M. Christ, and Robert E. Sabido, Cosgrave Vergeer Kester LLP, Portland, filed a brief on behalf of
Mortgate BankersAssociation, Oregon Bankers Association, and Independent Community Banks of Oregon.BREWER, J.Certified questions answered.Kistler, J., concurred in part and dissented in part, an filed an opinion in whichBalmer, C.J., joined.