{"id":663,"date":"2011-06-24T21:18:00","date_gmt":"2011-06-24T21:18:00","guid":{"rendered":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/?p=663"},"modified":"2023-12-21T17:17:08","modified_gmt":"2023-12-21T17:17:08","slug":"ny-court-holds-that-mers-cannot-bring-foreclosure-actions","status":"publish","type":"post","link":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/2011\/06\/24\/ny-court-holds-that-mers-cannot-bring-foreclosure-actions\/","title":{"rendered":"NY court holds that MERS cannot bring foreclosure actions"},"content":{"rendered":"\n<p>An appellate court in New York has held that MERS (Mortgage Electronic Registration Systems) cannot file foreclosure lawsuits in its own name because it does not &#8220;own&#8221; the mortgage, having neither the right to payment under the note nor the right to foreclose.\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.courts.state.ny.us\/reporter\/3dseries\/2011\/2011_05002.htm\" target=\"_blank\">Bank of N.Y. v. Silverberg,<\/a>\u00a02011 WL 2279723 (N.Y. App. Div. 2011). Despite the fact that the parties put MERS&#8217;s name on the mortgage, it is not the real party in interest, having no right to payment under the note<\/p>\n\n\n<div class=\"taxonomy-category wp-block-post-terms\"><a href=\"https:\/\/faculty.law.harvard.edu\/joseph-singer\/category\/mortgages\/\" rel=\"tag\">Mortgages<\/a><span class=\"wp-block-post-terms__separator\">, <\/span><a href=\"https:\/\/faculty.law.harvard.edu\/joseph-singer\/category\/real-estate-transactions\/\" rel=\"tag\">Real Estate Transactions<\/a><span class=\"wp-block-post-terms__separator\">, <\/span><a href=\"https:\/\/faculty.law.harvard.edu\/joseph-singer\/category\/statute-of-frauds\/\" rel=\"tag\">Statute of Frauds<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>An appellate court in New York has held that MERS (Mortgage Electronic Registration Systems) cannot file foreclosure lawsuits in its own name because it does not &#8220;own&#8221; the mortgage, having neither the right to payment under the note nor the right to foreclose.\u00a0Bank of N.Y. v. Silverberg,\u00a02011 WL 2279723 (N.Y. App. Div. 2011). Despite the fact that the parties put MERS&#8217;s name on the mortgage, it is not the real party in interest, having no right to payment under the note<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[34,10,57],"tags":[],"class_list":["post-663","post","type-post","status-publish","format-standard","hentry","category-mortgages","category-real-estate-transactions","category-statute-of-frauds"],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"jsinger","author_link":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/author\/jsinger\/"},"_links":{"self":[{"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/posts\/663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/comments?post=663"}],"version-history":[{"count":0,"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/posts\/663\/revisions"}],"wp:attachment":[{"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/media?parent=663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/categories?post=663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/faculty.law.harvard.edu\/joseph-singer\/wp-json\/wp\/v2\/tags?post=663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}