Will Mass. Foreclosure Ruling Send Market Downhill?

foreclosure ruling
foreclosure ruling

A court foreclosure ruling in Massachusetts last week will definitely influence the way banks deal with foreclosures in the future, but it could also button up home lending for the rest of us.

The highest court in Massachusetts basically told two banks that they had no legal right to foreclose on two homes since they were lacking the proper documentation at the time the properties were foreclosed on. In this case, the documents were not any old docs -- we are talking about the titles to the homes.