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Financial Services Law Insights and Observations

Massachusetts AG Launches Webpage for Homeowners Trying to Clear Property Titles

Foreclosure National Mortgage Servicing Settlement

Lending

On March 31, the office of Massachusetts AG Maura Healey launched a new webpage designed to help eligible homeowners clear property titles in order to refinance or sell their properties. The webpage follows a $2.7 million settlement with four national banks that allegedly foreclosed on Massachusetts property without having the legal authority to do so. Because the alleged unlawful foreclosures affected thousands of Massachusetts titles, the new webpage is intended to “[enable] consumers to file online complaints and have their title issues reviewed by the banks in a single process.”