Tag: foreclosuregate

Mortgage Litigation on the Rise

I’ve been writing about the mess that is Foreclosuregate on this blog, on Notorious, and on AOL Real Estate. And something I worried about (yet predicted, hoping to be wrong) was that we’d see significant lawsuits against banks, servicers, and MBS sponsors brought by homeowners and investors. Well, it appears that mortgage litigation rose significantly […]

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One Step Closer to the Edge…

It appears that the Massachusetts Supreme Court may rule soon on whether transfers of mortgages were properly done in a case called Ibanez. [UPDATE: The Court has ruled; the banks have lost, and we’ve got a problem. More on this later.] The lower court has already ruled (twice) that the foreclosures were invalid because the […]

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