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Court Ruling Holding Up Foreclosure Sales

A Springfield, MA Land Court judge's recent ruling has resulted in many sales of bank-owned properties being halted.

The judge ruled that due to improper paperwork two banks improperly foreclosed on two Springfield-area homes; therefore, the title to these properties is "clouded" or defective.

The decision effects the sale of many bank-owned properties in Massachusetts. It has effected one transaction of mine.

Read more about this at MassForeclosed.com.

Posted by Richard Rosa on 06/15/2009 11:34 AM

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Foreclosures in the Real Estate Market Channel

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