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Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
[20] [21] Since the 2010 crisis, 62 million mortgages are held in the name of MERS, [22] and MERS has initiated thousands of foreclosures in the United States, claiming to be the mortgagee of record. Lawyers have contended in court that MERS has no legal right to initiate a foreclosure, because MERS does not own the loans in question.
The North Main Street Historic District is a historic district that was listed on the National Register of Historic Places in 1986. [ 1 ] It includes the Southampton (LIRR station) , [ 2 ] along with North Main Street itself between Railroad Plaza and just south of Suffolk CR 39.
Granite Block, 52–60 North Main. This Italianate building of Medina sandstone laid in a random ashlar pattern after the 1866 fire influenced several others around it. [2] Lee Porter House, 30 North Main Street. This 1826 brick Federal style house, later given some Italianate touches, is the oldest in the district. [2] Pratt Opera House, 120 ...
Notable buildings include the Henderlite-Kluttz House, Hines-Norman House, J. R. Crawford House, A. G. Peeler House, Davis-Wilhelm House, Salisbury-Spencer Railway Company's streetcar barn, Trexler-McSwain Store, Barringer and Rufty General Store, and the North Main Street School, now known as the John S. Henderson School. [2]
The case involved a homeowner (Henrietta Eaton) who lost her house in Massachusetts via a foreclosure sale after defaulting on her mortgage.Eaton then filed a suit against Fannie Mae in Massachusetts Superior Court alleging that the record holder of the mortgage did not also hold the promissory note at the time of foreclosure.
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