The Massachusetts Supreme Court has t again make the banks think twice before foreclosing on Massachusetts homeowners. Basically they have ruled that buyers of foreclosed homes do not own the home if they have bee improperly foreclosed upon. Read more…..
For buyers of foreclosed homes this will leave a lot of uncertainty as well as make home buyers think twice before purchasing a foreclosed home. The foreclosure process is a series of steps that must be completed and if done improperly can create problems for the new owners. This makes short sales more viable as far as a clean title goes for Massachusetts home buyers
If you are an upside down homeowner this may allow you time to explore options such as loan modifications or short sales.
