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Massachusetts Foreclosures Being Questioned


The Supreme Court of Massachusetts is deciding if foreclosures are invalid due to the incorrect transferring of deeds.  If homeowners were to win this case it could mean that homes that were foreclosed on, could be considered fraudulent foreclosures.  If the loans were not transferred the correct way, the banks would have to buy the loans back.  This could be a nationional problem and it would put the banks in trillions of dollars of debt.  At this time a decision has not yet been made.