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Real Estate & Property Law

: The Home Equity Theft Reporter

Post-'Ibanez' Fallout Begins; Mass. High Court Takes Case Of Unwitting 3rd Party Buyer Left Holding The Bag w/ Void Title On Improperly F'closed Home

By r morris

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In Boston, Massachusetts, Bloomberg reports:Massachusetts? highest court will consider whether a home buyer can rightfully own a property if the bank that sold it to him didn?t have the right to foreclose on the original owner.The state?s Supreme Judicial Court, which agreed last month to take the appeal, already ruled Jan. 7 that banks can?t foreclose on a house if they don?t own the mortgage.

Full post as published by The Home Equity Theft Reporter on January 23, 2011 (boomark / email).

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