MAINE BECOMES THE LATEST STATE TO CRACK DOWN ON MERS’ PRACTICES!

Clouded Titles Blog

The opinions expressed in this piece are those of the author and do not constitute legal advice!   If you need further clarification of any of the topic matter discussed here, please consult with an attorney competent to render an opinion in these matters. 

The Maine Legislature overrode Republican Governor Paul LePage’s veto of new foreclosure legislation that protects consumers from the apparent vague and ambiguous language within Maine mortgages that got property owners into trouble.  The matter in this instance all stems from a July, 2014 Maine Supreme Court decision in Bank of America v Greenleaf, Maine Sup Ct., July 3, 2014, which if you’re interested, you can read by clicking on the link.

Contrary to what the MERS mouthpieces would have the public and the legal community think about the outcome of this case and the ensuing legislation, the Maine Supreme Court ultimately decided that MERS can only grant…

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