Firm claims 75% of mortgage assignments invalid in Mass. county

Defendant filed a timely answer denying the material allegations of the complaint and raising affirmative defenses that included a lack of standing and an invalid/failure of assignment. In LPP.

Home prices expected to remain positive in 2013 The median home value in the United States is $226,800. United States home values have gone up 5.4% over the past year and Zillow predicts they will rise 2.5% within the next year.

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If so, I appreciate the effort, but is it worth the cost of broadcasting your propensity to file frivolous claims? Whatever. Certainly the judge hearing this matter will make quick work of this. Let’s.

To get some of it back he commissioned an audit of 2010 mortgage assignments. 16% of the assignments were valid, 75% were invalid, and 9% were deemed questionable.

Audit Shows 75% of Mortgage Assignment Are Invalid In Mass. County. According to an audit performed by McDonnell Property Analytics, in the Salem, Mass. Registry of Deeds, 75% of mortgage assignments are "invalid." About 27% of invalid assignments are fraudulent, McDonnell said, while 35% are robo-signed and 10% violate the Massachusetts Mortgage Fraud Statute.

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The Massachusetts court system resembles a pyramid. Cases commence in one of the 7 trial court departments, and are first decided there. Cases are initiated in the particular court which has subject matter and geographic jurisdiction over the issues and parties involved.

 · On November 25, 2015, Governor Charlie Baker did what his predecessor, Deval Patrick, did not do — he signed “An Act Clearing Titles to Foreclosed Properties” (the “Act”), which is designed to clear legal title for Massachusetts homeowners who purchased foreclosed homes by limiting the time in which former homeowners can challenge the foreclosure sale.

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