JPMorgan Chase, Citigroup and Wells Fargo must face claims
over home foreclosure practices in a lawsuit brought by the Massachusetts attorney
general, a judge ruled according to Bloomberg.
Allegations that the banks violated state law by conducting
invalid foreclosures can proceed, according to a decision by Justice Judith
Fabricant in Boston dated Nov. 30.
Invalid foreclosures resulting in properties with clouded
titles may have caused harm to third-party purchasers “and the real estate
market as a whole, and thereby to the public,” Fabricant wrote….
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