Judge hears challenge to Springfield foreclosures

Denise Lavoie, AP A federal judge has heard arguments in a lawsuit by six banks seeking to overturn two anti-foreclosure ordinances in Springfield. U.S. District Judge Michael Ponsor did not immediately rule Wednesday after hearing arguments from lawyers representing the banks and the city of Springfield. The banks sued after the Springfield City Council passed […]

This Is An Interesting Analysis Of Eaton v. Fannie Mae

Eaton v. Fannie Mae Analysis Adam Levitin, Credit Slips The Massachusetts Supreme Judicial Court finally issued its long-awaited ruling in Eaton v. Fannie Mae. This case involved the question of whether a “naked mortgagee”–a mortgagee that was not also the holder of the promissory note–had standing to foreclose. (Full disclosure:  I submitted a pair of amicus briefs […]

Contractor For BofA Steals Man’s Muscle Car

Worcester man battles bank after vintage muscle car hauled off Owner claims bank stonewalls on info Thomas Caywood TELEGRAM & GAZETTE STAFF As David vs. Goliath struggles go, they don’t get much more lopsided than a lone muscle-car enthusiast going up against a mega-bank with more than $2 trillion in assets. But that’s exactly what […]

Mass SJC Rules Lenders must have paperwork to foreclose

Says future seizures require paperwork Jenifer McKim, Boston Globe The state’s highest court ruled Friday that lenders must have proper paperwork in hand at the time they complete a foreclosure, but the decision does not apply to seizures that have already taken place, removing a cloud of uncertainty over the status of property titles for […]

Mass AG Martha Coakley promises to fight foreclosures

Jim Kinney, The Republican The state’s housing market, and its economy in general, won’t fully recover until Massachusetts puts the mortgage foreclosure crisis in the rear view mirror, state Attorney General Martha Coakley said Tuesday at the annual meeting of the Affiliated Chambers of Commerce of Greater Springfield. “We are going to do everything we can to stop every preventable […]

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