Massachusetts Supreme Court voids foreclosures - Jan. 7, 2011

Massachusetts Supreme Court voids foreclosures - Jan. 7, 2011 Mass. Supreme court will not allow bank to foreclose without proper evidence of title. The Foreclosure fiasco is exactly right. It is hard to believe the only reason this ended up in court was because the banks could not re sell the property after they took it back without the legal right to do so. They were trying to establish the chain of title by asking the court allow it even though they didn't do it before they brought the foreclosure proceedings. It appears that as long as the banks can get title insurance or sell property for cash after a foreclosure, they will not be required to prove ownership. This is likely to have happened millions of times in the United States already with nary a peep from the banks, Congress or the Administration. The White House has hopped back in bed with Wall Street after realizing the likelihood of losing too many votes to those done wrong by the banks was very slim. Moral of the story is after years of a devastating financial crisis caused by Wall Street the Too Big to Fail Banks has done nothing to change the truth that banks get their way.