Particularly mind boggling are mortgage servicers who plunge ahead with foreclosure filings, and then, when called on it my activist groups, say they have no power to stop the proceedings since they don’t own the real estate!
Now it appears the legal system may slam the brakes on this runaway corporate train wreck.
The cases in question, from Springfield, deal with a practice that apparently has been common by some lenders – pushing ahead with foreclosure proceedings and lining up formal proof of ownership later.
Read more from the Boston Globe
