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Banks under fire over Massachusetts foreclosures

Firms accused of violating default procedures

Massachusetts enacted strict foreclosure laws to mitigate distress within local housing markets, but now attorneys in the state are accusing banks of failing to follow all legal terms when instigating a foreclosure.  

Jenifer McKim with the Boston Globe says some attorneys believe “lenders do not always adhere to a 2007 state law, amended in 2010, that provides homeowners 150 days to catch up on missed mortgage payments before a foreclosure can begin.”

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