FALL RIVER, Mass.–(BUSINESS WIRE)–This morning, the Massachusetts Land Court agreed with Attorney Glenn Russell by ruling that mortgage lenders must prove that they are indeed the mortgage note holders of record in order to foreclose. The ruling was part of two court cases, U.S. Bank National Association v. Ibanez (08 MISC 384283 (KCL)) and Wells Fargo v. Larace (08 MISC 386755 (KCL)).
“This is great news for Massachusetts homeowners,” says MFI-Boston President Steve Dibert. “The lender must now prove that he or she has a legitimate claim in order to foreclose. Forcing the lender to provide this proof has been the primary mission of both MFI-Boston and MFI-Miami since I started both companies nearly 18 months ago.” Read more about this court ruling...
