Massachusetts Sues Lenders Over Foreclosure Procedures.

Posted By Cliff Tuttle | December 1, 2011

No. 764

Massachusetts Attorney General Martha Coakley filed suit against five large residential mortgage lenders for abusive mortgage foreclosure practices, ending lengthy negotiations on the subject. The lenders are Bank of America, J P Morgan Chase, Wells Fargo, Citibank and GMAC, together with MERS. MERS is a “nominee” of lenders who becomes the record mortgagee in order to enable the mortgage to be assigned multiple times on the MERS records without the need of recording assignments.

The suit alleges false and deceptive practices, in violation of Massachusetts Law, such as false documentation, robosigning and deceptive modification practices. More on this over the weekend.

CLT

Welcome

CLIFF TUTTLE has been a Pennsylvania lawyer for over 45 years and (inter alia) is a real estate litigator and legal writer. The posts in this blog are intended to provide general information about legal topics of interest to lawyers and consumers with a Pittsburgh and Western Pennsylvania focus. However, this information does not constitute legal advice and there is no lawyer-client relationship created when you read this blog. You are encouraged to leave comments but be aware that posted comments can be read by others. If you wish to contact me in privacy, please use the Contact Form located immediately below this message. I will reply promptly and in strict confidence.

Subscribe to our feed