Short Sales

The Ibanez Effect: Foreclosures, Securitization and Short Sales.

February 14, 2011

Early in 2011, the Massachusetts Supreme Judicial Court (SJC) approved a lower court ruling that called into question the validity of thousands of foreclosures throughout the Commonwealth. In US Bank vs. Ibanez, the SJC held that the lender did not have the legal authority to foreclose because they couldn’t actually prove that they owned the mortgage.  Specifically, […]

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