Massachusettes Foreclosure Laws Upheld…The People Win

This post in the Boston.com, Boston Real Estate Now section speaks for itself.  I would like to see this article passed on by many to the many with the hopes that other Judges will see the light.

If a foreclosure is being done illegally, then it should not be done regardless of the debt that is owed.  The right party with the right interest in the mortgage can and should take the action, not just anyone they hired to keep their books.

In addition, those loans owned by investors in a security might want to know about what is happening to their investment before it is written off, foreclosed on by someone else who will take title to the property for FREE.

Perhaps the investors, if notified and made to participate in the action would rather modify the loan then foreclose on it.  Maybe, just maybe, they would want to recover something rather then NOTHING.

 
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Thousands of foreclosures are invalid: Ibanez decision


Read The Full Story…click here

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