Do you think they looked at the numbers of people and money affected by the outcome of this decision and based it on the greater number of those affected?

Numbers of us in foreclosure vs. those with $$$$$ in the business or invested in Real Estate? Title Ins. Mortgage brokers, Realtors all that might have faced suits along with the recent buyers of foreclosures.

Surely us deadbeats are not worth as much and we are fewer in numbers .

Should I pack my bags?

The definitions they created, about who a noteholder, mortgagee, and assignee are, will come back to bite them on the a$$. A MERS mortgage clearly states that if the mortgage is sold, the seller will treated as a “co-borrower”. You could potentially have a foreclosing entity who is also responsible for the mortgage satisfaction. That is because they sold the mortgage to God knows who, and the judges fail to read the ENTIRE MERS mortgage. They tend to just focus on what MERS claims they are, instead of looking at what they really are, what they claim they can do in the mortgage, what they legally can do in the mortgage, and all the other covenants stated in the mortgage.

That has to be compared to the PSA, which further defines what the players can, and can’t do under it’s terms. judges need to review all equitable principals, especially when a borrower does not have the means to be represented. They are the “goal line defense” to prevent injustice.