Activism is no crime, but the illogic that some activists display in the pursuit of their causes can amount to a crime against reason.
That is the case with efforts by anti-foreclosure activists to upend a recent state law aimed at clearing titles to foreclosed properties.
On Nov. 25, Gov. Charlie Baker signed “An Act Clearing Titles to Foreclosed Properties.”
To understand the ruling, we have to go back to a January 2011 ruling by the state’s Supreme Judicial Court. In U.S. Bank v. Ibanez, the SJC dealt a rebuke to banks and mortgage holders foreclosing on mortgages that had been bundled and sold to Wall Street investors.
When mortgages are repackaged and sold in complex transactions, it can take registries of deeds weeks or months to catch up to and properly record the transactions, titles and true owners.
Please log in or subscribe to continue reading. Weekly access is only $2. No recurring charges.