MASSACHUSETTS SUPTREME COURT OVERTURNED COMPLETED FORECLOSURE SALES

1/8/2011

MASSACHUSETTS-(AEAE)- Today was a real Eureka moment for millions of U.S. Victims of Bank foreclosure fraud. Today the Massachusetts Supreme Court overturned two completed foreclosures. This decision is being heralded as a controlling decision for reversing unlawful foreclosures. There is no question that the ground has shifted under the Banks for engaging in fraudulent foreclosures activities all over the country.The Massachusetts Supreme Court overtured two completed foreclosures.”The Massachusetts Supreme Court ruled Friday that U.S. Bank and Wells Fargo did not have the legal right to foreclose on two homes in the state, invalidating Lenders’ seizure of the properties and raising further questions about foreclosure documentation – this time related to the proper transfer of ownership on mortgages packaged as securities. Justice Robert J. Cordy wrote in a court opinion, “…what is surprising about these cases is not the statement of principles…regarding title law and the law of foreclosure in Massachusetts, but rather the utter carelessness with which the plaintiff banks documented the titles to their assets.” FULL STORY Massachusetts Court Voids Foreclosures, Citing Note Transfer Errors

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