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Real Estate & Property Law

: The Home Equity Theft Reporter

Court Says Foreclosure Sales Were Invalid As Banks Didn't Acquire Interest In Delinquent Loans Until After Legal Action Was Completed

By r morris

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In a recent ruling by the Massachusetts Land Court, two foreclosure sales were held to be invalid because, at the time of the publication of the notices of foreclosure sale, neither foreclosing lender owned an interest in the mortgage (either recorded or unrecorded) each was attempting to foreclose.The facts of the cases in a nutshell are as follows:Wells Fargo and U.S. Bank each foreclosed on

Full post as published by The Home Equity Theft Reporter on May 28, 2009 (boomark / email).

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