Lenders relying upon sloppy paperwork and insufficient assignments took a shot earlier this week. “In a 6-to-0 decision, the Massachusetts Supreme Judicial Court rebuffed the way lenders in recent years have conducted foreclosures — without having all the documentation in place at the time a property is seized. The justices affirmed a 2009 ruling that invalidated foreclosure proceedings involving two Springfield houses because the lenders did not hold clear titles to the properties.” (http://tinyurl.com/2earqnp)
Here’s the (lengthy) link to the decision – http://weblinks.westlaw.com/result/default.aspx?action=Search&cnt=DOC&db=MA-ORSLIP&eq=search&fmqv=c&fn=_top&method=TNC&n=1&origin=Search&query=TO%28ALLSCT+ALLSCTRS+ALLSCTOJ%29&rlt=CLID_QRYRLT956842524481&rltdb=CLID_DB194342524481&rlti=1&rp=%2Fsearch%2Fdefault.wl&rs=MAOR1.0&service=Search&sp=MassOF-1001&srch=TRUE&ss=CNT&sskey=CLID_SSSA254502524481&sv=Split&vr=1.0
It is important for lenders and borrowers to have competent local counsel represent them in foreclosure actions. If you have any questions about foreclosure, call Brad Hogreve at (941) 364-2400.