Ruling Could Undo Thousands of Foreclosure
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Ruling Could Undo Thousands of Foreclosure
By Jerry Kronenberg
A real estate judge is refusing to reverse a landmark ruling that opens the door to voiding tens of thousands of Bay State foreclosures dating as far back as 1989.
“The foreclosure sales (in question are) invalid because they failed to meet the requirements of (Massachusetts law),” Land Court Judge Keith Long wrote yesterday in reaffirming a decision he originally reached in March.
Long denied a request from Wells Fargo and U.S. Bank to reinstate two Springfield foreclosures he invalidated in March because of flawed paperwork.
As the Herald first reported in June, the case centers on documents that banks and big investors must file any time they sell mortgages to each other.
However, some paperwork often gets lost, as mortgages typically change hands over and over again in today’s complex market.
Continue reading Ruling Could Undo Thousands of Foreclosures
