State SJC Foreclosure Ruling Has Widespread Implications
“BusinessUpdates” on today’s Boston.com is reporting that the Massachusetts Supreme Judicial Court has upheld a land court ruling in cases without proper paperwork in place. The implications are both local and federal.
The Massachusetts Supreme Judicial Court today upheld a contentious land court ruling that puts in question the ownership of hundreds, possibly thousands, of foreclosed properties in the state.
The ruling challenges the way lenders have traditionally foreclosed on properties — without having all the paperwork in place at the time a home is seized. It affirms a 2009 lower court decision that invalidated foreclosures on two Springfield homes because the lenders did not hold clear titles to the properties at the time of the proceedings.
Read the full article here at Boston.com.
One Response to State SJC Foreclosure Ruling Has Widespread Implications
Check this longer article on HuffingtonPost.com here: http://www.huffingtonpost.com/huff-wires/20110107/us-foreclosures-ruling/