Tag Archives: MERS

The Oregon Supreme Court considers the practices of MERS

By Jake Thomas, Staff Writer

Ivan Hooker built his own home in Jacksonville, a town outside Medford in Southern Oregon, 20 years ago with his own hands. He raised four kids there and built a business selling commercial trucks.

When the housing market crashed in 2008, business dried up, and he fell behind on his mortgage payments. Hooker says his bank ignored his efforts to work something out. When his bank finally got in contact with him, he said they presented three options: He could sell the house, but still not make enough to pay off the loan. He could pay the loan in full. Or allow the bank to foreclose.

Hooker, instead, suggested a fourth option: To fight his bank in court. Continue reading