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Loan Modification

: Mortgage Lender Implode-o-Meter

Banks Lose Pivotal Massachusetts Foreclosure Case

By Implode-Explode Heavy Industries

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``US Bancorp and Wells Fargo & Co. lost a foreclosure case in Massachusetts?s highest court that will guide lower courts in that state and may influence others in the clash between bank practices and state real estate law. The state Supreme Judicial Court today upheld a judge?s decision saying two foreclosures were invalid because the banks didn?t prove they owned the mortgages.''

Full post as published by Mortgage Lender Implode-o-Meter on January 07, 2011 (boomark / email).

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