Foreclosure Buyer Gets Nothing Mass High Court Rules
Massachusetts foreclosure buyers best beware after a just-released decision by the state’s highest court. Francis Bevilacqua purchased a foreclosure home from U.S. Bank in 2006, only to find out that he doesn’t hold clear title to the property. Turns out that the bank didn’t yet own the mortgage when it foreclosed on the building. The bank therefore never legally transferred title to Bevilacqua, who must now contend with the original owner....