In a landmark decision, the Supreme Judicial Court of Massachusetts issued it opinion on December 9, 2008 unanimously upholding the lower court's order in the case of Commonwealth v. Fremont Investment & Loan & another, 452 Mass. 733 (2008)(Botsford, J.) preliminarily enjoining subprime mortgage lender Fremont Investment & Loan from foreclosing on any "structurally unfair" loan without further prior court approval and a final hearing on the merits. The lower court's ruling of February 25, 2008 was reportedly the first of its kind in the nation that restricts a subprime lender's ability to foreclose based on unfair or deceptive loan origination misconduct.
Date of opinion: December 9, 2008.
Full opinion click here.
Monday, December 15, 2008
Commonwealth v. Fremont Investment & Loan & another, 452 Mass. 733 (2008)(Botsford, J.)
Posted by Rachel Lynn Foley at 6:25 PM
Labels: foreclosure, subprime mortgage
Subscribe to:
Post Comments (Atom)
1 comments:
http://www.bushnellcomplaint.blogspot.com/
Please visit this blog. Important new information concerning a TRO granted in the State of California in reference to wrongful foreclosure by Fremont, Litton (Goldman Sachs)
Post a Comment