"Lenders must have paperwork to foreclose, SJC rules; Says future seizures require paperwork" by Jenifer B. McKim | Globe Staff, June 22, 2012
The state’s highest court ruled Friday that lenders must have proper paperwork in hand at the time they complete a foreclosure, but the decision does not apply to seizures that have already taken place, removing a cloud of uncertainty over the status of property titles for thousands of Massachusetts homes.
They fraudulently foreclosed on homes, they destroyed lives, they illegally seized property, and the courts are saying all clear.
The state Supreme Judicial Court’s finding came as a relief to real estate industry specialists, who said a retroactive ruling would have created chaos.
Yeah, FOR the BANKS! If anything they might have to buy you a new home or give you a foreclosed one they are still holding in their portfolio. Now all you gotta do is go see if you can find some work.
Because so many home loans were bundled and sold between lenders multiple times during the housing boom, they said, it would be virtually impossible to prove that all paperwork was in place for every transaction.
I'm just wondering why they were allowed to go through in the first place!
Lenders said they were following common practices at the time, but housing advocates said banks were simply cutting corners by taking back homes without proper documentation....
These guys are the biggest thieves in world history, folks.
For once I am happy to be living in the age of Armageddon and Apocalypse because we witnessed this history.
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Related: Slow Saturday Special: Massachusetts Court Rejects Foreclosure Fraud
They just approved them all.
