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Bankruptcy

: The Debt Podcast

Massachusetts Courts Split Hairs On Who May Seek Stay Relief

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When a mortgage goes unpaid, a party can seek relief from bankruptcy’s automatic stay to foreclose.  A mortgage can held by a lender, administered by a servicer, and owned by a nominee commonly called MERS (Mortgage Electronic Recording Service).  All three have the right to go to bankruptcy court for relief from the stay.  In re [...]

Full post as published by The Debt Podcast on April 10, 2008 (boomark / email).

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