Judge Cancels loan debt because lender does not deal in good faith to modify sub-prime [...]
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I found this lawsuit to be a perfect case study in what I would title “ How to Destroy Faith in the U.S. Mortgage Backed Security [...] Another example of poor title work in the foreclosure process. A Massachusetts Land Court Judge invalidated a foreclosure that took place in Springfield. In his decision, he reasoned that since an assignment to the foreclosing lender was recorded after the foreclosing documentation, the foreclosure was invalid. So, if a foreclosure is invalid, can the prior owner [...] |
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