Foreclosures and Shoddy Bank Management
Massachusetts state's highest court ruled yesterday that banks and lenders must have proper documentation before foreclosing on a home. Seems like common sense, but then again the current state of big business ethics is at an all time low. In any event, this ruling
will certainly impact other sectors of the real estate industry and may yet further tighten lending as banks turn a more conservative and
perhaps wiser and traditional approach on their lending.