Suppose you hold a mortgage on a property. There is no term or maturity date in the mortgage; however, the mortgage references the date in the corresponding note on which the underlying debt is due. How long do you, the mortgagee, have to foreclose on the property...
Mortgages
Try Title Action Not Available to Challenge Foreclosure
Today the SJC issued its decision in an important case to those following the fallout of the mortgage foreclosure crisis. The Court in Abate v. Fremont Investment & Loan, et al., SJC-11638, effectively eliminated one of the methods homeowners have used to...
US District Court of MA Permits Consumer Protection Complaint against Bank of America to Proceed
The US District Court for the District of Massachusetts has permitted a mortgage-related complaint against certain financial entity defendants to proceed on grounds of negligent misrepresentation, breach of contract, and violation of G.L. c. 93A (the MA consumer...