Boston Bankruptcy Lawyer, Bankruptcy Attorney in Boston, Filing for Bankruptcy » Boston Chapter 13 Bankruptcy Attorney http://bostonbankruptcyattorney.attorneysandlawyers4you.com by Joshua Spirn Fri, 27 Aug 2010 16:14:15 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Lenders’ Right to Forclose Being Challenged http://bostonbankruptcyattorney.attorneysandlawyers4you.com/2008/12/03/lenders-right-to-forclose-being-challenged/ http://bostonbankruptcyattorney.attorneysandlawyers4you.com/2008/12/03/lenders-right-to-forclose-being-challenged/#comments Wed, 03 Dec 2008 20:32:44 +0000 admin http://bostonbankruptcyattorney.attorneysandlawyers4you.com/?p=24 Two lenders who have not completed paperwork proving they own mortgages have had their right to foreclose on these mortgages challenged in court.

The lawsuit has been filed in Suffolk Superior Court on behalf of two women whose homes have been foreclosed on. The defendants, GMAC Mortgage LLC of Fort Washington, Pennsylvania and Deutsche Bank National Trust Co. of Santa Ana, California bought the mortgages on the secondary market.

Unfotunately, the two companies haven’t completed the paperwork that proves the mortgages are theirs, as required by Massachusetts law. Lawyers for GMAC Mortgages are reviewing the lawsuit while Deutsche bank did not answer any questions.

The recently filed case shows the increasing disorganization of financial firms that buy, package, and sell mortgages to third parties. The process is frequently invisible to homeowners and the public.

The lawyers handling the case seek class action status to buy people time to take part in a federal rescue plan.

If you are considering filing for bankruptcy to prevent foreclosure on your home, contact the Boston Chapter 13 bankruptcy lawyers of Joshua Spirn & Associates at  1-800-975-5346  to discuss your case.

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