By  Published: Aug 20, 2012 at 7:27 PM PDT

A new state Supreme Court ruling could put hundreds of home foreclosures in question in this state, where the foreclosures were initiated by an organization known as MERS.

MERS stands for Mortgage Electronic Registration System. It’s a central tracking system that essentially represents the person  or investor that holds the note on a loan when a mortgage is sold.

Lenders have been using MERS to initiate foreclosures, even though MERS doesn’t actually hold the loans. MERS and lenders maintain that under their system MERS is a legal beneficiary of the promissory note.  But in a 9-0 decision justices ruled that’s not what Washington state law intended.

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