MA Supreme Court upholds rule of law in foreclosure case.
Yesterday’s decision by the MA Supreme Court upholding the basic premise that the true owner of piece of real estate is the last legitimate signer on the actual title to the property and that title must be presented to prove ownership before a foreclosure can take place has been widely decried in the financial press as a grave injustice to the bank’s right to unlimited profits no matter what they did to find themselves in such sorry shape..
“WHILE THE BANKS may HAVE FAILED TO SATISFY the letter of THE LAW….” is a typical lead in to a conclusion like “With this ruling, you’re left with the problem that people who didn’t pay their mortgages get to keep their houses BECAUSE OF PAPERWORK MISTAKES”. [Emphasis mine] Read more
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