MA Makes Pivotal Decision In (2) Foreclosure Cases
Good ol’ Massachusetts is once again at the forefront of the nation’s attention. A MA Supreme Court upheld a lower court’s decision which stated that the (2) foreclosures were invalid because the banks, USbancorp and Wells Fargo, didn’t prove they were the owners of the mortgages, which were transferred into two mortgage-backed trusts without the recipients’ being named.
Wow, How will this impact the real estate industry as a whole??? When talking to clients in foreclosure, I always mention this as a possibility; slim, but possible. I actually offer a bonus video at FreezetheForeclosure.com that outlines this strategy. What type of ripple effect could this have on title insurance policies???
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Original stories in Washington Post and Bloomberg.com
