9th Circuit BAP Rules Transfer of Note to Securitization Trust does not Affect Right of MERS to Foreclose

Cedano v. Aurora Loan Services, LLC (In re Cedano), — B.R. — (9th Cir. BAP April, 2012)

“[T]he transfer of the Note as part of a securitization process did not affect MERS’s right as a nominee under the DOT.”

“see also, Gomes v. Countrywide Home Loans, Inc., 192 Cal. App. 4th 1149, 1151 (Cal. Ct. App. 2011) (further explaining the MERS system) and Morgera v. Countrywide Home Loans, Inc., 2010 WL 160348, at *8 (E.D. Cal. Jan. 11, 2010) (collecting cases).”

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