Legal Question in Real Estate Law in Maryland
Can the mortgage of a dissolved corporation (Equifirst Corporation) be assigned thru MERS by a third party acting as a nominee? Who is the successor to Equifirst Corp? I thought only the successor could assign the mortgage, not a nominee of MERS.
Asked on 5/23/11, 8:46 pm
1 Answer from Attorneys
G. Joseph Holthaus III
Law Offices of G. Joseph Holthaus
The question is whether they can show documents. It appears that the mortgage was assigned through receivership. An assignment clause is ordinarily part of the mortgage. Original documents are needed.
Answered on 5/24/11, 7:25 pm
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