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Mass: Foreclosure Redos Ordered; Former Owners Get Second Chance

Hundreds and maybe thousands of Massachusetts residents who thought they had lost their homes in foreclosure are now finding out otherwise.

When title companies refuse to insure the property, because defective paperwork in the foreclosure case doesn't make clear who owns the home, a number of lenders are opting to start over again from scratch, reports the Boston Globe.

Puzzled residents then receive letters notifying them of new foreclosure proceedings and informing them that they are, in fact, considered homeowners once again, the article recounts. The situation is becoming increasingly common in Massachusetts because of a 2009 Land Court decision that made clear--unless and until an appeal to the state's top court results in a reversal--that such paperwork defects, when the case is filed, can't be cured after the fact.

http://www.boston.com/realestate/news/articles/2010/11/12/le...



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That is more than a small victory!

It still is not "the war" but that is a stunning battle to win.

Love or fear? Choose again with every breath.

SteveMT's picture

The banksters will not like this.

So sorry, so sad.

bump

for others and discussion.

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

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Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Seems like good news for homeowners.

Boston Globe reports that foreclosures were wrong. They were improper. I agree.

They write that homeowners must suffer a "redo."

Naw! Let it go. No double jeopardy.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul