Real Estate Alert: What Does the Ibanez Decision Mean?
1/11/2011
The following client alert is in response to the U.S. Bank v. Ibanez, decided by the Massachusetts Supreme Judicial Court on Friday, January 7, 2011.
The Massachusetts Supreme Judicial Court (SJC) announced its decision of the Ibanez case and ruled against the validity of foreclosure sales of two securitized mortgages. The case has important implications for all foreclosures in which the foreclosing party is not the original lender. Here are some particulars of the decision for your consideration.
