On November 1, 2012, a little talked-about Massachusetts law will go into effect that gives judges in the Bay State the power to determine whether a bank can foreclose on a home or must modify the mortgage. Signed on August 3 by Gov. Deval Patrick, the “Act Preventing Unlawful and Unnecessary Foreclosures” creates a series of new hoops for banks and other mortgage creditors must jump through in order to foreclose on borrowers who aren’t making their payments. In other words, writes Anthony Randazzo, Massachusetts has just created more problems than it's solved.
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