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Court Rules Holder of Note, an Assignee of MERS, had Standing to Commence Foreclosure Action

Deutsche Bank Nat. Trust Co. v. Pietranico, 2011 NY Slip Op 21261 (July 27, 2011) After extensive analysis of New York’s precedent for mortgages, notes, assignments, and the Mortgage Electronic Registration Systems (“MERS”) system, Suffolk County Supreme Court Justice Thomas A. Whelan denied a defendant’s motion/order to show cause in its entirety.  If granted, the [...]