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MERS Notches Win in Florida; Hailed as Protection of Creditor’s Rights 

Mar 06, 2007By

The Second District Court of Appeals of Florida today ruled that MERS has the right to be a party in a foreclosure action, a victory that industry insiders say will help change how foreclosures are processed in the state. “We undertook this lawsuit not just for MERS but for the industry as a whole,� said R.K. Arnold, President & CEO of MERS. “This victory is for the entire mortgage lending community because MERS is no different than a servicer when it comes to foreclosures, and this case was our opportunity to prove it in court.�

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