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Home / News / Mass. decision could wreak ‘havoc’ on mortgage industry (access required)

Mass. decision could wreak ‘havoc’ on mortgage industry (access required)

A recent decision from Massachusetts' highest court could impact courts across the country and lead to a flood of overturned foreclosures, exacerbating the mortgage mess. The Massachusetts court is the first state supreme court to rule that only the holder of a mortgage may foreclose on a property, upholding a Land Court judge's earlier decision in U.S. Bank v. Ibanez.

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