First off a warning for anyone easily prone to headaches do not read the court case from this link. I will have a summary of it tommorow. This ruling from the Massachusetts Supreme Court is gonna create one big mess of lawsuits and probably make foreclosures very difficult going forward.
Basically the ruling says the banks could not prove ownership of the two mortgages they foreclosed on. The ruling shows how in the case of U.S. Bank the mortgage went through six different hands before finally being securitized with 1200 other mortgages. While the banks produced a ton of paper work none of it proves they own the mortgage per the Judge.
Full Mass Supreme Court Case
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