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» Top Massachusetts court limits foreclosure relief

Top Massachusetts court limits foreclosure relief
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Posted on 6/23/2012 by with 0 comments

From freerepublic.com

The highest court in Massachusetts ruled that lenders must have proper paperwork to conduct foreclosures but said its decision applies only to future property seizures, averting a potential flood of problems for banks trying to take possession of homes. Friday’s unanimous decision by the Massachusetts Supreme Judicial Court, in a case that had drawn national attention, avoids the prospect that title could be clouded on thousands of recently foreclosed properties in the state. It said a lender must in the future have a borrower’s underlying note, or act on behalf of someone who does, in order to foreclose. The court…

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