Friday, May 17 2013 8:05 PM EDT2013-05-18 00:05:13 GMT
LAS VEGAS -- When Randy Kleiner stopped to help an injured driver, he didn't expect to become injured himself. But on Thursday morning, as he was assisting someone who had crashed their car, anotherMore>>
When Randy Kleiner stopped to help an injured driver, he didn't expect to become injured himself.More>>
Friday, May 17 2013 9:02 PM EDT2013-05-18 01:02:54 GMT
LAS VEGAS -- A volunteer basketball coach at Shadow Ridge High School has been arrested, Clark County Schools Police Lt. Ken Young said. According to the Clark County Detention Center, the volunteer coach,More>>
A volunteer basketball coach at Shadow Ridge High School has been arrested, Clark County Schools Police Lt. Ken Young said.More>>
Friday, May 17 2013 8:56 PM EDT2013-05-18 00:56:00 GMT
LAS VEGAS - Metro Police says a preteen who was assaulted Thursday during an attempted robbery has died. Investigators said the preteen was walking near Charleston Boulevard and Torrey Pines Drive withMore>>
Marcos Arenas, a Bonanza High School student who was assaulted Thursday during an attempted theft, has died, Metro Police said.More>>
Friday, May 17 2013 8:39 PM EDT2013-05-18 00:39:56 GMT
LAS VEGAS -- Metro Police are investigating two people found dead in an apartment complex near Desert Inn Road and Maryland Parkway. According to police, the bodies were found around 3 p.m. Friday atMore>>
Metro Police are investigating the deaths of a man and a woman whose bodies were found in an apartment Friday afternoon near Desert Inn Road and Maryland Parkway.More>>
Friday, May 17 2013 8:17 PM EDT2013-05-18 00:17:28 GMT
LAS VEGAS -- Clark County firefighters are responding to reports of an explosion and fire at a facility located at North Las Vegas Boulevard and Sloan Lane. This is a developing story. 8NewsNOW. com willMore>>
One person is reported dead following an explosion and fire at a facility located at North Las Vegas Boulevard and Sloan Lane.More>>
Friday, May 17 2013 8:03 PM EDT2013-05-18 00:03:09 GMT
LAS VEGAS -- The theft of iPads, iPhones and other Apple devices is becoming commonplace, earning it the nickname, "Apple-picking," the police said. Bonanza High School student Marcos Arenas died ThursdayMore>>
The theft of iPads, iPhones and other Apple devices is becoming commonplace, earning it the nickname, "Apple-picking," the police said.More>>
Friday, May 17 2013 6:42 PM EDT2013-05-17 22:42:38 GMT
LAS VEGAS -- The Federal Election Commission had found that the parents of disgraced former Sen. John Ensign of Nevada made excessive in-kind contributions to a former political action committee staffMore>>
The Federal Election Commission had found that the parents of disgraced former Sen. John Ensign of Nevada made excessive in-kind contributions to a former political action committee staff member.More>>
Friday, May 17 2013 6:21 PM EDT2013-05-17 22:21:11 GMT
LAS VEGAS (AP) -- The lawyer who unsuccessfully defended O.J. Simpson against armed robbery charges in Las Vegas says his client knew two companions had guns in a 2007 confrontation with memorabilia dealers. MiamiMore>>
The lawyer who unsuccessfully defended O.J. Simpson against armed robbery charges in Las Vegas says his client knew two companions had guns in a 2007 confrontation with memorabilia dealers.More>>
Friday, May 17 2013 2:08 PM EDT2013-05-17 18:08:48 GMT
LAS VEGAS -- Eight hundred new teachers will head into Clark County classrooms, as the Clark County School board approved its $2.1 billion dollar budget for the 2013-2014 school year. For the first timeMore>>
Eight hundred new teachers will head into Clark County classrooms next year based on the $2.1 billion budget the Clark County school board approved Wednesday night.More>>
LAS VEGAS -- A case before the Nevada State Supreme Court next week could have far-reaching impact on Nevadans struggling to stay in their homes. Among the issues before the justices is what proof lenders must provide to show they own the property they seek to foreclose.
This is the first time the state supreme court will consider issues related to the use of MERS, the Mortgage Electronic Registration System. During the housing boom, banks created MERS to serve as the mortgagee of record for lenders which allowed properties to change hands without publicly recording each transfer.
But in order to foreclose, banks must be able to establish the chain of title on a property and often use MERS which has no financial interest in the loan to show ownership. Whether that is legal is among the questions before the court.
The case stems from a foreclosure mediation involving Andrew and Loretta Davis, a Reno couple. According to court records, during the mediation, US Bank used documents listing MERS to show it had the right to foreclose. MERS, according to the bank, assigned the original lenders' interests in the Davis loan to US Bank. The mediator concluded that wasn't enough to establish ownership but the district court disagreed. Attorney Tisha Black-Chernine, who is not involved in the case, says nationwide courts are split with regard to MERS.
"Now the sheer size of them, they're behemoth. And now if a judge comes in and says what you've structured is inappropriate for the procedure in which you implemented it, it causes an unbelievable ripple effect for the foreclosures all across the country," said Black-Chernine.
If the state supreme court holds that mortgages assigned by MERS are insufficient to establish ownership, homeowners could challenge the legitimacy of any mortgage recorded in its name. Some courts nationwide have done just that while others, including lower courts here in Nevada, have gone the other way holding that MERS can trigger foreclosures.
According to court records, MERS holds more than 60 percent of the mortgages nationwide. So this has the potential to effect a lot of Nevada homeowners.