{"componentChunkName":"component---src-templates-blog-post-ts","path":"/blog-bite-can-mortgages-be-assigned-in-the-same-way-as-promissory-notes/","result":{"data":{"site":{"siteMetadata":{"title":"Clausehound Blog","author":"Joshua Koudys"}},"markdownRemark":{"id":"39a99457-7060-564a-ab4b-e70b967da4a0","excerpt":"This article United States: Maine Supreme Court Decision Limits Scope Of MERS’ Ability To Assign Mortgages deals with foreclosure actions in Maine and the…","html":"<p>This article <a href=\"http://www.mondaq.com/unitedstates/x/327532/charges+mortgages+indemnities/Maine+Supreme+Court+Decision+Limits+Scope+of+MERS+Ability+to+Assign+Mortgages\" target=\"_blank\" rel=\"nofollow noopener\">United States: Maine Supreme Court Decision Limits Scope Of MERS’ Ability To Assign Mortgages</a> deals with foreclosure actions in Maine and the apparent limitation of the ability of <strong>MERS (Mortgage Electronic Research System)</strong> to assign more than the right to record the mortgage as nominee. Unlike promissory notes, <strong>mortgages</strong> are <em>not</em> negotiable instruments, and ownership must be shown in order to be able to foreclose. </p>\n<p>For more details on Maine foreclosure processes and the specific wording regarding the elements of a mortgage, click the link above.</p>\n<p>Certain articles within this post were linked and referenced with the permission of <a href=\"https://www.mondaq.com/?clear=true\" target=\"_blank\" rel=\"nofollow noopener\">Mondaq.com</a>, through our exciting content collaboration with them.  To access Mondaq’s large database of articles written by top law firm lawyers from around the world, you must leave our site and create a free account on theirs.</p>","frontmatter":{"title":"Blog Bite: Can mortgages be assigned in the same way as promissory notes?","date":"May 15, 2018","description":"This article posted on our partner site Mondaq.com deals with foreclosure actions in Maine and the apparent limitation of the ability of MERS (Mortgage Electronic Research System) to assign more than the right to record the mortgage as nominee.","author":{"id":"cmcivor@cobaltcounsel.com","first":"Chris","last":"McIvor","bio":null,"image":null},"tags":["Promissory Note","cmcivor"]}}},"pageContext":{"slug":"/blog-bite-can-mortgages-be-assigned-in-the-same-way-as-promissory-notes/","previous":{"fields":{"slug":"/blog-bite-when-is-the-interest-rate-so-high-that-it-is-usury-in-new-york-state/"},"frontmatter":{"title":"Blog Bite: When is the interest rate so high that it is usury in New York State?","tags":["Promissory Note","cmcivor"],"author":{"id":"cmcivor@cobaltcounsel.com","first":"Chris","last":"McIvor"}}},"next":{"fields":{"slug":"/blog-bite-can-a-promissory-note-holding-mortgagee-commence-foreclosure-action/"},"frontmatter":{"title":"Blog Bite: Can A Promissory Note Holding Mortgagee Commence Foreclosure Action?","tags":["Promissory Note","cmcivor"],"author":{"id":"cmcivor@cobaltcounsel.com","first":"Chris","last":"McIvor"}}}}}}