Six Mass. banks fight foreclosure ordinances

City of Lynn Passes Foreclosure Ordinance Posted on December 24, 2013 by MAAPL Lynn, Massachusetts implements strongest homeowner (and neighborhood and local bank) protections in face of foreclosures in the U.S.

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Massachusetts Foreclosure Law Center In Massachusetts, most foreclosures are nonjudicial, which means the lender does not have to go to court to sell your home. It does, however, have to provide you with certain notices along the way.

A group of banks seeking to block the city of Springfield, Mass., from implementing anti-foreclosure ordinances urged the First Circuit on Tuesday to reverse a lower court’s dismissal of their.

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Of the 32 homes on Edgemont Street, six are currently vacant due to foreclosure. you don’t implement it because you’re afraid of the banks." She referred to a city ordinance to require.

According to the Franklin County clerk of courts, 5,703 foreclosures. in 2011 in Springfield, Mass. The Springfield program is facing a legal challenge – six banks filed a federal suit trying to.

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Six banks fight springfield foreclosure rules. Judges on the U.S. Court of Appeals on Monday aired a lawsuit by six banks in Western Massachusetts seeking to invalidate two ordinances in Springfield that aim to control and maintain foreclosed and vacant properties. During a hearing in U.S. District Court in Boston, lawyers for the banks and the city squared off in front of a panel of three judges.