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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.

This is the article that got my posting privileges revoked:
http://bklim.newsvine.com/_news/2013/05/12/18212165-dr-stan-...

SteveMT's picture

The banksters will not like this.

So sorry, so sad.

bump

for others and discussion.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

DailyPaul Plug on NPR, Florida airwaves. Thx BobbyW24!

DP Bobbyw24 on NPR Radio, Florida w/ Matt Tabbai, Rolling Stone!
http://www.dailypaul.com/node/149256#comment-1584111
Broadcast available to all struggling with home foreclosure. Get it while it is hot!

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