A recent lawsuit was brought by a Massachusetts homeowner who was seeking to void her home foreclosure based on her argument that the loan servicer collecting payments did not have the underlying promissory note in which to legally foreclose on her property. The case has garnered national attention as the decision by the...
Category: Foreclosure
Massachusetts’ HomeCorps making a dent in foreclosure crisis
The director of the HomeCorps program says the program is a hit in that it has fielded almost 3,000 calls as of late April, opened 1,865 case files and prevented "dozens" of foreclosures since it began assisting distressed homeowners. The staff of six expects to triple in size due to the demand for
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Massachusetts’ two-part solution for state’s foreclosure crisis
Enough is enough, according to Martha Coakley, Massachusetts' Attorney General, who submitted a two-part plan for solving the state's foreclosure crisis. With some help from the Massachusetts Legislature along with the mortgage settlement reached with the five largest mortgage lenders, the state is poised to close the door on...
Harvard: Shaker Hills Golf Club to be sold at foreclosure auction
It is a tough time for golf clubs all over the country and Central Massachusetts is no exception. In the last two years, Shaker Hills Golf Club will be the third golf club in Central Massachusetts to be sold at a foreclosure auction. According to this report, many clubs are struggling financially due to...
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January had double digit increase in Massachusetts foreclosures
Massachusetts foreclosure activity on residential homes saw a double digit increase in January as lenders started ramping up their activity again. Due to the numerous problems with the foreclosure process last year, including the "robo-signing" of documents and the mounting questions over who actually held the mortgages, banks slowed down...
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