"Massachusett's High Court Invalidates Foreclosure Sales"

So says (writes) Sheri Qualters for the National Law Review.

"Court gives banks "beat down" over foreclosures"

So says (writes) Les Christie for CNNMoney.com

To quote Vince Lombardi,

"what the h---'s goin on out there?"

Here it is from Christie's article;

" the banks failed to make the required showing that they were the holders of the mortgages at the time of foreclosue,"

That's what Justice Ralph Gants wrote for the Massachusett's Supreme Court.

Supreme Court...that's the biggie in Mass, right?

Woooooooooo

what does this mean? well it's probably too early to access the big picture, but for sure there's a

Real BIG MESS

I'm really a simple guy, so let's see if I have this straight, feel free to chip in here;

The previous owners of the home, those who were foreclosed on, are now the current owners of the home, and the current owners of the home, are now the previous owners of the home, or actually according to the court they never really owned the home, right?

According to Christie this is the first high court ruling that banks can't foreclose on homes unless they can prove that they currently hold the mortgage. And

that may not be that easy, since in some cases they can't.

let the games begin

Here's some interesting info from Sheri (Qualters) article

"for the plantiffs to obtain the judicial declaration of clear title that they seek, they had to prove their authority to foreclose under the power of sale and show their compliance with the requirements on which this authority rests."...Justice Gants

HUH?

Compliance?

Is he saying, that they didn't do it right?

All I can say is there's more to come, and for now in my opinion this is

One BIG MESS!