February 7, 2013
The First Circuit has heard oral argument on February 5th in In Re Mortgage Foreclosure Cases. In that consolidated case, a Rhode Island District Court judge had stayed over 700 foreclosures until a good faith attempt to settle the cases under the auspices of a special master has run its course. The court issued a memorandum and order denying a motion for a stay pending appeal.
The homeowners claim that the mortgages being foreclosed upon were improperly assigned, but this appeal does not reach the substance of the dispute.| Permalink